COMPANY REGISTRATION NUMBER:
09833400
|
Flash Electrical Services Ltd |
|
|
Filleted Unaudited Financial Statements |
|
|
Flash Electrical Services Ltd |
|
|
Statement of Financial Position |
|
31 October 2025
Fixed assets
|
Tangible assets |
4 |
|
998 |
932 |
|
Investments |
5 |
|
4,583 |
4,583 |
|
|
------- |
------- |
|
|
5,581 |
5,515 |
|
|
|
|
|
Current assets
|
Debtors |
6 |
236 |
|
550 |
|
Cash at bank and in hand |
635 |
|
1,689 |
|
---- |
|
------- |
|
871 |
|
2,239 |
|
|
|
|
|
|
Creditors: amounts falling due within one year |
7 |
5,690 |
|
8,539 |
|
------- |
|
------- |
|
Net current liabilities |
|
4,819 |
6,300 |
|
|
------- |
------- |
|
Total assets less current liabilities |
|
762 |
(
785) |
|
|
|
|
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Provisions
|
Taxation including deferred tax |
|
190 |
177 |
|
|
---- |
---- |
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Net assets/(liabilities) |
|
572 |
(
962) |
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|
---- |
---- |
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|
|
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Capital and reserves
|
Called up share capital |
|
100 |
100 |
|
Profit and loss account |
|
472 |
(
1,062) |
|
|
---- |
------- |
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Shareholders funds/(deficit) |
|
572 |
(
962) |
|
|
---- |
------- |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
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Flash Electrical Services Ltd |
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Statement of Financial Position (continued) |
|
31 October 2025
These financial statements were approved by the
board of directors
and authorised for issue on
15 July 2026
, and are signed on behalf of the board by:
Company registration number:
09833400
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Flash Electrical Services Ltd |
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Notes to the Financial Statements |
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Year ended 31 October 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 165 Chapel St, Dalton-in-Furness, Cumbria, LA15 8SL.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis and are prepared in sterling, which is the functional currency of the entity.
Going concern
The accounts have been prepared on the going concern basis as the company continues to have the support of the directors
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires the use of estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. Any estimate that has a degree of uncertainty or where judgement has been exercised in a particular area is expressly disclosed within the relevant accounting policy.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Office equipment |
- |
25% reducing balance |
|
|
|
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Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship (see hedge accounting policy). Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Tangible assets
|
Equipment |
Total |
|
£ |
£ |
|
Cost |
|
|
|
At 1 November 2024 |
6,193 |
6,193 |
|
Additions |
399 |
399 |
|
------- |
------- |
|
At 31 October 2025 |
6,592 |
6,592 |
|
------- |
------- |
|
Depreciation |
|
|
|
At 1 November 2024 |
5,261 |
5,261 |
|
Charge for the year |
333 |
333 |
|
------- |
------- |
|
At 31 October 2025 |
5,594 |
5,594 |
|
------- |
------- |
|
Carrying amount |
|
|
|
At 31 October 2025 |
998 |
998 |
|
------- |
------- |
|
At 31 October 2024 |
932 |
932 |
|
------- |
------- |
|
|
|
5.
Investments
|
Other investments other than loans |
|
£ |
|
Cost |
|
|
At 1 November 2024 and 31 October 2025 |
4,583 |
|
------- |
|
Impairment |
|
|
At 1 November 2024 and 31 October 2025 |
– |
|
------- |
|
|
|
Carrying amount |
|
|
At 31 October 2025 |
4,583 |
|
------- |
|
At 31 October 2024 |
4,583 |
|
------- |
|
|
6.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Other debtors |
236 |
550 |
|
---- |
---- |
|
|
|
7.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Trade creditors |
1,108 |
1,470 |
|
Social security and other taxes |
1,955 |
2,080 |
|
Other creditors |
2,627 |
4,989 |
|
------- |
------- |
|
5,690 |
8,539 |
|
------- |
------- |
|
|
|
8.
Directors' advances, credits and guarantees
The directors loan account remained in credit throughout the current and previous periods.