REGISTERED NUMBER: NI072230 (Northern Ireland)

Unaudited Financial Statements for the Year Ended 30 September 2025

for

Kernaglee Electrical Services Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr C McCrossan

REGISTERED OFFICE:

Strabane Business Park

Melmount Road

STRABANE

Co. Tyrone

BT82 9GU

REGISTERED NUMBER:

NI072230 (Northern Ireland)

ACCOUNTANTS:

Gildernew & Co Ltd

Six Northland Row

DUNGANNON

Co. Tyrone

BT71 6AW

FIXED ASSETS

Tangible assets

4

44,626

54,328

CREDITORS

Amounts falling due within one year

5

29,787

32,338

NET CURRENT LIABILITIES

(29,787

)

(32,338

)

TOTAL ASSETS LESS CURRENT LIABILITIES

14,839

21,990

CREDITORS

Amounts falling due after more than one year

6

30,440

27,060

NET LIABILITIES

(15,601

)

(5,070

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(15,602

)

(5,071

)

(15,601

)

(5,070

)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 June 2026 and were signed by:

Mr C McCrossan - Director

1.	STATUTORY INFORMATION

Kernaglee Electrical Services Ltd is a private company, limited by shares , registered in Northern Ireland. 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 October 2024

and 30 September 2025

6,150

387,181

393,331

DEPRECIATION

At 1 October 2024

337

338,666

339,003

Charge for year

-

9,702

9,702

At 30 September 2025

337

348,368

348,705

NET BOOK VALUE

At 30 September 2025

5,813

38,813

44,626

At 30 September 2024

5,813

48,515

54,328

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

28,536

28,211

Other creditors

1,251

4,127

29,787

32,338

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

11,439

Amounts owed to group undertakings

30,440

15,621

30,440

27,060

7.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

8.	ULTIMATE CONTROLLING PARTY

KES Group Holdings Limited, a company established in Northern Ireland, holds 100% of the equity share capital in Kernaglee Electrical Services Ltd, and is the ultimate parent undertaking.

The ultimate controlling parties are Conor McCrossan and LCC Asset Holdings Ltd by virtue of their shareholding in the group.