REGISTERED NUMBER: 07331985 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

KMG ELECTRICAL SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K M Gaul

REGISTERED OFFICE:

3rd Floor

21 Perrymount Road

Haywards Heath

West Sussex

RH16 3TP

REGISTERED NUMBER:

07331985 (England and Wales)

ACCOUNTANTS:

Galloways Accounting Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

74,802

74,172

74,802

74,172

CURRENT ASSETS

Stocks

6

8,970

9,250

Debtors

7

39,494

64,952

Cash at bank

1,521

-

49,985

74,202

CREDITORS

Amounts falling due within one year

8

120,797

141,343

NET CURRENT LIABILITIES

(70,812

)

(67,141

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,990

7,031

CREDITORS

Amounts falling due after more than one year

9

-

(5,333

)

PROVISIONS FOR LIABILITIES

(1,283

)

(1,140

)

NET ASSETS

2,707

558

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,607

458

SHAREHOLDERS' FUNDS

2,707

558

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 June 2026 and were signed by:

K M Gaul - Director

1.	STATUTORY INFORMATION

KMG Electrical Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents amounts received for the sale of goods and services, net of VAT.

Tangible fixed assets

Tangible assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.The office building has been measured at historical cost.

Short leasehold

- 16.67% on cost

Office building

- Not depreciated

Plant and machinery

- 25% on reducing balance

Computer equipment

- 25% on cost

Motor vehicles

- 25% on reducing balance

Government grants

Government grants are recognised over the period to which they relate or as performance obligations are met, depending on the terms of the grant.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.

EMPLOYEES

The average number of employees during the year was 3 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2024

and 30 September 2025

19,000

AMORTISATION

At 1 October 2024

and 30 September 2025

19,000

NET BOOK VALUE

At 30 September 2025

-

At 30 September 2024

-

5.	TANGIBLE FIXED ASSETS

Short

Office

Plant and

leasehold

building

machinery

£

£

£

COST

At 1 October 2024

1,556

68,049

22,987

Additions

-

-

787

At 30 September 2025

1,556

68,049

23,774

DEPRECIATION

At 1 October 2024

1,556

-

21,278

Charge for year

-

-

463

At 30 September 2025

1,556

-

21,741

NET BOOK VALUE

At 30 September 2025

-

68,049

2,033

At 30 September 2024

-

68,049

1,709

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 October 2024

13,367

2,174

108,133

Additions

-

1,501

2,288

At 30 September 2025

13,367

3,675

110,421

DEPRECIATION

At 1 October 2024

9,446

1,681

33,961

Charge for year

980

215

1,658

At 30 September 2025

10,426

1,896

35,619

NET BOOK VALUE

At 30 September 2025

2,941

1,779

74,802

At 30 September 2024

3,921

493

74,172

6.

STOCKS

2025

2024

£

£

Stocks

8,970

9,250

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

3,036

-

Other debtors

36,458

64,952

39,494

64,952

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

12,063

13,761

Trade creditors

186

186

Taxation and social security

106,037

121,972

Other creditors

2,511

5,424

120,797

141,343

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

5,333

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at the balance sheet date the director owed the company £9,248 (2024: £34,651). The balance is repayable on demand and is accruing interest at HMRC's official rate.