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REGISTERED NUMBER: 10385381 (England and Wales)

Financial Statements for the Year Ended 31 December 2025

for

Initial Fire & Electrical Limited

Initial Fire & Electrical Limited (Registered number: 10385381)

Contents of the Financial Statements

for the Year Ended 31 December 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Initial Fire & Electrical Limited

Company Information

for the Year Ended 31 December 2025

| DIRECTORS: | E J Briscoe

| C D Manton

| M Barnett

| REGISTERED OFFICE: | Unit 23 Laches Close

| Four Ashes

| Wolverhampton

| West Midlands

| WV10 7DZ

| REGISTERED NUMBER: | 10385381 (England and Wales)

| ACCOUNTANTS: | Haines Watts Wolverhampton Limited

| Keepers Lane

| The Wergs

| Wolverhampton

| West Midlands

| WV6 8UA

Initial Fire & Electrical Limited (Registered number: 10385381)

Balance Sheet

31 December 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 11,875 |  | 13,750 |  |

Tangible assets | 5 | 75,885 |  | 93,197 |  |

87,760 |  | 106,947 |  |

CURRENT ASSETS

Stocks | 48,350 |  | 48,350 |  |

Debtors | 6 | 74,908 |  | 74,726 |  |

Cash at bank | 73,358 |  | 23,009 |  |

196,616 |  | 146,085 |  |

CREDITORS

Amounts falling due within one year | 7 | 136,964 |  | 82,924 |  |

NET CURRENT ASSETS | 59,652 |  | 63,161 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 147,412 |  | 170,108 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (127,117 | ) | (154,229 | ) |

PROVISIONS FOR LIABILITIES | (7,862 | ) | (3,050 | ) |

NET ASSETS | 12,433 |  | 12,829 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 100 |  | 100 |  |

Retained earnings | 12,333 |  | 12,729 |  |

SHAREHOLDERS' FUNDS | 12,433 |  | 12,829 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Initial Fire & Electrical Limited (Registered number: 10385381)

Balance Sheet - continued

31 December 2025

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 July 2026 and were signed on its behalf by:

E J Briscoe - Director

Initial Fire & Electrical Limited (Registered number: 10385381)

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| Initial Fire & 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.

| Significant judgements and estimates

| The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life at the annual rate of 7.5%.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Fixtures and fittings - 15% Reducing Balance

| Computer equipment - 20% Reducing Balance

| Motor vehicles - 25% Reducing Balance

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current taxation assets and liabilities are not discounted.

| Current and deferred 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.

Initial Fire & Electrical Limited (Registered number: 10385381)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Research and development

| Expenditure on research and development is written off in the year in which it is incurred.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| 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 7 (2024 - 7 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 January 2025

| and 31 December 2025 | 25,000 |  |

| AMORTISATION

| At 1 January 2025 | 11,250 |  |

| Amortisation for year | 1,875 |  |

| At 31 December 2025 | 13,125 |  |

| NET BOOK VALUE

| At 31 December 2025 | 11,875 |  |

| At 31 December 2024 | 13,750 |  |

Initial Fire & Electrical Limited (Registered number: 10385381)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Motor |  | Computer |

| fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 January 2025 | 3,813 |  | 127,620 |  | 6,525 |  | 137,958 |  |

| Additions | - |  | - |  | 2,216 |  | 2,216 |  |

| At 31 December 2025 | 3,813 |  | 127,620 |  | 8,741 |  | 140,174 |  |

| DEPRECIATION

| At 1 January 2025 | 2,002 |  | 38,866 |  | 3,893 |  | 44,761 |  |

| Charge for year | 457 |  | 17,751 |  | 1,320 |  | 19,528 |  |

| At 31 December 2025 | 2,459 |  | 56,617 |  | 5,213 |  | 64,289 |  |

| NET BOOK VALUE

| At 31 December 2025 | 1,354 |  | 71,003 |  | 3,528 |  | 75,885 |  |

| At 31 December 2024 | 1,811 |  | 88,754 |  | 2,632 |  | 93,197 |  |

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Motor

| vehicles

£ |

| COST

| At 1 January 2025

| and 31 December 2025 | 78,284 |  |

| DEPRECIATION

| At 1 January 2025 | 12,821 |  |

| Charge for year | 13,093 |  |

| At 31 December 2025 | 25,914 |  |

| NET BOOK VALUE

| At 31 December 2025 | 52,370 |  |

| At 31 December 2024 | 65,463 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 73,332 |  | 73,332 |  |

| Other debtors | 1,576 |  | 1,394 |  |

74,908 |  | 74,726 |  |

Initial Fire & Electrical Limited (Registered number: 10385381)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | - |  | 4,972 |  |

| Hire purchase contracts | 19,440 |  | 17,547 |  |

| Trade creditors | 14,214 |  | 5,748 |  |

| Taxation and social security | 40,901 |  | 15,256 |  |

| Other creditors | 62,409 |  | 39,401 |  |

136,964 |  | 82,924 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 7,831 |  | 27,271 |  |

| Other creditors | 119,286 |  | 126,958 |  |

127,117 |  | 154,229 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | - |  | 4,972 |  |

| Hire purchase contracts | 27,271 |  | 44,818 |  |

27,271 |  | 49,790 |  |

| Hire purchase liability is secured against the assets to which it relates.

10. | CALLED UP SHARE CAPITAL

| Allotted and issued:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 100 | Share capital 1 | 1 | 100 |  | 100 |  |

11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

2025 | 2024 |

£ | £ |

| C D Manton

| Balance outstanding at start of year | 1,394 |  | 1,394 |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 1,394 |  | 1,394 |  |