Hustings Electrical Limited - Filleted accounts

Registered number

04303798

Hustings Electrical Limited

Filleted Accounts

31 October 2025

Hustings Electrical Limited
Registered number:		04303798
Balance Sheet
as at 31 October 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		17,584			21,335

Current assets
Stocks		19,000			42,000
Debtors	5	43,267			19,659
Cash at bank and in hand		114,108			87,388
		176,375			149,047

Creditors: amounts falling due within one year	6	(119,437)			(119,440)

Net current assets			56,938			29,607

Total assets less current liabilities			74,522			50,942


Provisions for liabilities			(2,767)			(4,392)


Net assets			71,755			46,550

Capital and reserves
Called up share capital			2			2
Profit and loss account			71,753			46,548

Shareholders' funds			71,755			46,550

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr Keith Hustings
Director
Approved by the board on 6 May 2026

Hustings Electrical Limited
Notes to the Accounts
for the year ended 31 October 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:


	Workshop equipment			15% Reducing balance
	Motor vehicles			25% Reducing balance
	Office equipment			10%/15% Reducing balance/over 3 Years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					5		6


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 November 2024							30,000
	At 31 October 2025							30,000

	Amortisation
	At 1 November 2024							30,000
	At 31 October 2025							30,000

	Net book value
	At 31 October 2025							-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.


4	Tangible fixed assets
		Workshop equipment		Motor vehicles		Office equipment		Total
£			£		£		£
	Cost
	At 1 November 2024	29,220		29,545		24,774		83,539
	Disposals	-		(3,800)		-		(3,800)
	At 31 October 2025	29,220		25,745		24,774		79,739

	Depreciation
	At 1 November 2024	20,896		24,592		16,716		62,204
	Charge for the year	1,249		1,226		1,225		3,700
	On disposals	-		(3,749)		-		(3,749)
	At 31 October 2025	22,145		22,069		17,941		62,155

	Net book value
	At 31 October 2025	7,075		3,676		6,833		17,584
	At 31 October 2024	8,324		4,953		8,058		21,335


5	Debtors					2025		2024
£							£

	Trade debtors					42,146		17,484
	Other debtors					1,121		2,175
						43,267		19,659


6	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					5,615		1,877
	Taxation and social security costs					34,568		21,170
	Other creditors					79,254		96,393
						119,437		119,440


7	Other information

	Hustings Electrical Limited is a private company limited by shares and incorporated in England. Its registered office is:
	5B Sunrise Business Park
	Higher Shaftesbury Road
	Blandford Forum
	Dorset
	DT11 8ST