Company No: 05955439 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	2,926		3,812
		2,926		3,812
Current assets
Stocks	4	7,000		7,000
Debtors	5	13,178		16,467
Cash at bank and in hand		1,440		3,014
		21,618		26,481
Creditors: amounts falling due within one year	6	( 22,274)		( 23,318)
Net current (liabilities)/assets		(656)		3,163
Total assets less current liabilities		2,270		6,975
Creditors: amounts falling due after more than one year	7	0		( 1,952)
Net assets		2,270		5,023
Capital and reserves
Called-up share capital	8	100		100
Profit and loss account		2,170		4,923
Total shareholders' funds		2,270		5,023

For the financial 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.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of A & M Electrics Limited (registered number: 05955439) were approved and authorised for issue by the Director on 17 July 2026. They were signed on its behalf by:

Stephen Andrews Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

A & M Electrics Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Fleming Court, Leigh Road, Eastleigh, SO50 9PD, United Kingdom. The principal place of business is 27 Ferndale Road, Andover, Hampshire, SP10 3HQ.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles	25 % reducing balance
Tools and equipment	15 % reducing balance
Office equipment	25 % reducing balance

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	2		2

3. Tangible assets

	Vehicles		Tools and equipment		Office equipment		Total
	£		£		£		£
Cost
At 01 November 2024	15,972		2,129		1,622		19,723
At 31 October 2025	15,972		2,129		1,622		19,723
Accumulated depreciation
At 01 November 2024	13,446		1,464		1,001		15,911
Charge for the financial year	632		98		156		886
At 31 October 2025	14,078		1,562		1,157		16,797
Net book value
At 31 October 2025	1,894		567		465		2,926
At 31 October 2024	2,526		665		621		3,812

4. Stocks

	2025		2024
	£		£
Stocks	7,000		7,000

5. Debtors

	2025		2024
	£		£
Trade debtors	6,950		5,400
Prepayments	1,049		1,497
VAT recoverable	2,980		5,499
Other debtors	2,199		4,071
	13,178		16,467

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans (secured)	1,952		3,000
Trade creditors	6,639		4,490
Amounts owed to director	7,627		7,516
Accruals	2,006		1,923
Deferred tax liability	556		724
Taxation and social security	3,159		3,969
Other creditors	335		1,696
	22,274		23,318

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans (secured)	0		1,952

Bank loans totalling £1,952 (2024 - £4,952) are in relation to amounts borrowed under the Coronavirus Business Interruption Loan Scheme. The UK Government has provided the lender with a limited guarantee of up to 80% of the capital of the loan.

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
60 A ordinary shares of £ 1.00 each	60		60
40 B ordinary shares of £ 1.00 each	40		40
	100		100