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Registered number: 14012475
Specialised Electrical Solutions Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 14012475
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 269,636 159,491
Investments 5 9,458 787
279,094 160,278
CURRENT ASSETS
Debtors 6 456,028 270,750
Cash at bank and in hand 21,478 49,030
477,506 319,780
Creditors: Amounts Falling Due Within One Year 7 (612,489 ) (363,604 )
NET CURRENT ASSETS (LIABILITIES) (134,983 ) (43,824 )
TOTAL ASSETS LESS CURRENT LIABILITIES 144,111 116,454
Creditors: Amounts Falling Due After More Than One Year 8 (73,556 ) (81,826 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (30,601 ) (32,241 )
NET ASSETS 39,954 2,387
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 39,854 2,287
SHAREHOLDERS' FUNDS 39,954 2,387
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Jay Burden
Director
07/07/2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Specialised Electrical Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14012475 . The registered office is The Atrium, 4 Curtis Road, Dorking, RH4 1XA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Straight line
Motor Vehicles 20% Straight line
Fixtures & Fittings 33% Straight line
Computer Equipment 33% Straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.6. Investments
Investments are initially recognised at cost. Subsequently they are carried at fair value, being market value at the reporting date, with gains and losses recognised in the revaluation reserve. Any deficit exceeding a previously recognised surplus is charged to profit or loss. Gains and losses on disposal are recognised in profit or loss. 
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2024: 4)
8 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 22,523 155,450 42 603 178,618
Additions 3,505 147,333 - - 150,838
Disposals (4,792 ) - - - (4,792 )
As at 31 March 2025 21,236 302,783 42 603 324,664
Depreciation
As at 1 April 2024 4,489 14,578 2 58 19,127
Provided during the period 5,948 32,434 13 201 38,596
Disposals (2,695 ) - - - (2,695 )
As at 31 March 2025 7,742 47,012 15 259 55,028
Net Book Value
As at 31 March 2025 13,494 255,771 27 344 269,636
As at 1 April 2024 18,034 140,872 40 545 159,491
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Page 5
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2025 2024
£ £
Motor Vehicles 106,406 136,596
5. Investments
Other
£
Cost or Valuation
As at 1 April 2024 787
Additions 8,671
As at 31 March 2025 9,458
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 9,458
As at 1 April 2024 787
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 246,484 108,844
Prepayments and accrued income 58,354 50,245
Other debtors 2,061 -
Corporation tax recoverable assets 37,685 -
Directors' loan accounts 111,444 111,661
456,028 270,750
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 22,905 34,643
Trade creditors 121,193 55,391
Bank loans and overdrafts 51,983 63,655
Corporation tax 67,512 8,521
Other taxes and social security 282,559 122,687
VAT 7,411 36,767
Net wages 14,828 11,104
Other creditors 21,926 5,655
Accruals and deferred income 22,172 25,181
612,489 363,604
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8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 73,556 81,826
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 22,905 34,643
Later than one year and not later than five years 73,556 81,826
96,461 116,469
96,461 116,469
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Jay Burden 111,661 - 217 - 111,444
The above loan is unsecured,  and repayable on demand.  Interest of 2.25% was charged on the loan.
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