REGISTERED NUMBER: 11026013 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

Apex Electrical Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L R Hall

C Smith

A Wild

REGISTERED OFFICE:

Suite 9 Corum Two

Corum Office Park

Crown Way

Warmley

Bristol

BS30 8FJ

REGISTERED NUMBER:

11026013 (England and Wales)

ACCOUNTANTS:

Obsidian Accountancy Limited

Suite 9 Corum Two

Corum Office Park

Crown Way

Warmley

Bristol

BS30 8FJ

FIXED ASSETS

Tangible assets

4

41,378

45,571

CURRENT ASSETS

Stocks

17,050

54,692

Debtors

5

327,611

345,933

Cash at bank

163,402

114,418

508,063

515,043

CREDITORS

Amounts falling due within one year

6

175,749

182,679

NET CURRENT ASSETS

332,314

332,364

TOTAL ASSETS LESS CURRENT LIABILITIES

373,692

377,935

CREDITORS

Amounts falling due after more than one year

7

-

5,745

NET ASSETS

373,692

372,190

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

373,689

372,187

373,692

372,190

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 28 June 2026 and were signed on its behalf by:

L R Hall - Director

1.	STATUTORY INFORMATION

Apex Electrical 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.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2024

89,027

Additions

11,000

At 31 October 2025

100,027

DEPRECIATION

At 1 November 2024

43,456

Charge for year

15,193

At 31 October 2025

58,649

NET BOOK VALUE

At 31 October 2025

41,378

At 31 October 2024

45,571

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

108,134

123,614

Amounts owed by group undertakings

1,136

78,340

Other debtors

218,341

143,979

327,611

345,933

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans and overdrafts

-

10,088

Trade creditors

25,378

7,601

Taxation and social security

141,048

157,268

Other creditors

9,323

7,722

175,749

182,679

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans

-

5,745

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.10.25

31.10.24

£

£

Between one and five years

23,971

-

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2025 and 31 October 2024:

31.10.25

31.10.24

£

£

C Smith

Balance outstanding at start of year

21,911

35,531

Amounts advanced

9,500

22,380

Amounts repaid

(22,000

)

(36,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,411

21,911

L R Hall

Balance outstanding at start of year

25,973

84,800

Amounts advanced

17,508

26,173

Amounts repaid

(26,000

)

(85,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

17,481

25,973

A Wild

Balance outstanding at start of year

8,996

51,841

Amounts advanced

-

9,155

Amounts repaid

(8,996

)

(52,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

8,996

The company charged interest to the directors on the outstanding loans during the year of £483 (2024 £2,226).