REGISTERED NUMBER: 03400701 (England and Wales)

Unaudited Financial Statements for the Year Ended 29 September 2025

for

Jaylec Electrical Contractors Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J J Jarrard

SECRETARY:

Mrs J M Nicholson

REGISTERED OFFICE:

65 Knowl Piece

Wilbury Way

Hitchin

Hertfordshire

SG4 0TY

REGISTERED NUMBER:

03400701 (England and Wales)

ACCOUNTANTS:

Godfrey Laws & Co Limited

65 Knowl Piece

Wilbury Way

Hitchin

Hertfordshire

SG4 0TY

FIXED ASSETS

Tangible assets

4

40,257

53,781

Investments

5

100

100

40,357

53,881

CURRENT ASSETS

Stocks

58,023

57,197

Debtors

6

984,835

605,506

Cash at bank and in hand

83,344

198,369

1,126,202

861,072

CREDITORS

Amounts falling due within one year

7

855,068

619,189

NET CURRENT ASSETS

271,134

241,883

TOTAL ASSETS LESS CURRENT LIABILITIES

311,491

295,764

CREDITORS

Amounts falling due after more than one year

8

(19,249

)

(19,128

)

PROVISIONS FOR LIABILITIES

(10,064

)

(13,445

)

NET ASSETS

282,178

263,191

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

282,078

263,091

SHAREHOLDERS' FUNDS

282,178

263,191

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 September 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 June 2026 and were signed by:

J J Jarrard - Director

1.	STATUTORY INFORMATION

Jaylec Electrical Contractors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Factoring

At 29th September 2025 trade debtors of £261,304 (2024 £247,202) had been factored and an amount of £1229,,800 (2024: £139,600) had been advanced to the company under this financing agreement. The financial statements reflect a separate presentation i.e. gross factored debts are included within assets and proceeds received from factors are included within liabilities. The factor's charges are accrued as arising and included within the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 30 September 2024

and 29 September 2025

29,162

13,464

175,894

37,385

255,905

DEPRECIATION

At 30 September 2024

28,550

13,119

124,400

36,055

202,124

Charge for year

153

86

12,953

332

13,524

At 29 September 2025

28,703

13,205

137,353

36,387

215,648

NET BOOK VALUE

At 29 September 2025

459

259

38,541

998

40,257

At 29 September 2024

612

345

51,494

1,330

53,781

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 30 September 2024

and 29 September 2025

40,990

DEPRECIATION

At 30 September 2024

16,653

Charge for year

79

At 29 September 2025

16,732

NET BOOK VALUE

At 29 September 2025

24,258

At 29 September 2024

24,337

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 30 September 2024

and 29 September 2025

100

NET BOOK VALUE

At 29 September 2025

100

At 29 September 2024

100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.9.25

29.9.24

£

£

Trade debtors

668,914

370,623

Amounts owed by group undertakings

30,673

30,673

Amounts recoverable on contract

54,146

14,308

Other debtors

231,102

189,902

984,835

605,506

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.9.25

29.9.24

£

£

Bank loans and overdrafts

18,861

68,137

Hire purchase contracts (see note 9)

3,744

14,479

Trade creditors

481,346

309,122

Taxation and social security

87,269

53,965

Other creditors

263,848

173,486

855,068

619,189

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

29.9.25

29.9.24

£

£

Bank loans

19,249

15,384

Hire purchase contracts (see note 9)

-

3,744

19,249

19,128

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

29.9.25

29.9.24

£

£

Net obligations repayable:

Within one year

3,744

14,479

Between one and five years

-

3,744

3,744

18,223

Non-cancellable

operating leases

29.9.25

29.9.24

£

£

Within one year

8,712

8,042

Between one and five years

-

670

8,712

8,712

10.	SECURED DEBTS

The following secured debts are included within creditors:

29.9.25

29.9.24

£

£

Hire purchase contracts

3,744

18,223

The bank overdraft is secured by a debenture against the company's assets. In addition a personal guarantee has been given by a director up to a maximum of £20,000. Debt factoring, provided by Close Invoice Limited, is secured against the Company's debtors and they hold a deposit of £150,000.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is J J Jarrard.