SV Electrics Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

Registered number: 10021275

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		80,806		74,169
Investment Properties	5		348,783		348,783
Investments	6		43,123		8,000

			472,712		430,952
CURRENT ASSETS
Stocks	7	28,682		4,022
Debtors	8	345,790		230,172
Cash at bank and in hand		903		13,854

		375,375		248,048
Creditors: Amounts Falling Due Within One Year	9	(294,045 )		(296,477 )

NET CURRENT ASSETS (LIABILITIES)			81,330		(48,429 )

TOTAL ASSETS LESS CURRENT LIABILITIES			554,042		382,523

Creditors: Amounts Falling Due After More Than One Year	10		(4,220 )		-

PROVISIONS FOR LIABILITIES
Deferred Taxation			(17,128 )		(15,469 )

NET ASSETS			532,694		367,054

CAPITAL AND RESERVES
Called up share capital	12		100		100
Profit and Loss Account			532,594		366,954

SHAREHOLDERS' FUNDS			532,694		367,054

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SV Electrics Limited

Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 2026 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 Charles Powell Director	Mr Shane Verrall Director
26th June 2026

The notes on pages 3 to 7 form part of these financial statements.

1. General Information

SV Electrics Limited Registered number 10021275 is a limited by shares company incorporated in England & Wales. The Registered Office is 4 Oxley Hill , Tolleshunt D'Arcy , Maldon, Essex, CM9 8ES.

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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. 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	20% Reducing Balance
Motor Vehicles	20% Reducing Balance
Fixtures & Fittings	20% Reducing Balance
Computer Equipment	20% Reducing Balance

2.4. Investment Properties

Investment properties shall not be subject to periodic charges for depreciation except for properties held on lease, which shall be depreciated at least over the period when the unexpired term is 20 years or less.

Investment properties shall be included in the balance sheet at their market value.

2.5. 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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SV Electrics Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

2.8. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 12 (2025: 11)

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 February 2025	114,302	12,387	5,543	132,232
Additions	48,545	474	-	49,019
Disposals	(47,620 )	-	-	(47,620 )

As at 31 January 2026	115,227	12,861	5,543	133,631

Depreciation
As at 1 February 2025	47,498	7,496	3,069	58,063
Provided during the period	18,633	1,073	495	20,201
Disposals	(25,439 )	-	-	(25,439 )

As at 31 January 2026	40,692	8,569	3,564	52,825

...CONTINUED

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SV Electrics Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

Net Book Value
As at 31 January 2026	74,535	4,292	1,979	80,806

As at 1 February 2025	66,804	4,891	2,474	74,169

5. Investment Property

	2026
	£
Fair Value
As at 1 February 2025 and 31 January 2026	348,783
Additions	-

As at 31 January 2026	348,783

6. Investments

	Unlisted	Other	Total
	£	£	£
Cost or Valuation
As at 1 February 2025	8,000	-	8,000
Additions	-	35,123	35,123

As at 31 January 2026	8,000	35,123	43,123

Provision
As at 1 February 2025	-	-	-

As at 31 January 2026	-	-	-

Net Book Value
As at 31 January 2026	8,000	35,123	43,123

As at 1 February 2025	8,000	-	8,000

7. Stocks

	2026	2025
	£	£
Stock	28,682	4,022

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SV Electrics Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

8. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	219,607	167,508
Prepayments and accrued income	20,889	14,641
CIS Debtor	101,207	43,879
Charlie Powell Limited Loan Account	403	460
Rental Deposit	3,684	3,684

	345,790	230,172

9. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	3,165	-
Trade creditors	45,603	20,039
Corporation tax	129,765	47,526
Other taxes and social security	9,303	16,111
VAT	51,515	46,447
8 Maldon Road Rent Deposit	3,684	2,134
SVCP Ltd Loan Account	44,456	149,240
Shane Verrall Ltd Loan Account	1,063	894
Accruals and deferred income	1,828	1,636
Directors' loan accounts	3,663	12,450

	294,045	296,477

10. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	4,220	-

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SV Electrics Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

11. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	3,165	-
Later than one year and not later than five years	4,220	-

	7,385	-

	7,385	-

12. Share Capital

	2026	2025
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1 each	100	100

13. Dividends

	2026	2025
	£	£
On equity shares:
Final dividend paid	72,000	69,000

14. Ultimate Controlling Party

The company's ultimate controlling party is jointly held by Mr C Powell & Mr S Verrall by virtue of their ownership of 100% of the issued share capital in the company.

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