REGISTERED NUMBER: 16037732 (England and Wales)

for

Page

Company Information  

1

Group Strategic Report  

2

Report of the Director  

3

Report of the Independent Auditors  

4

Consolidated Income Statement  

7

Consolidated Other Comprehensive Income  

8

Consolidated Balance Sheet  

9

Company Balance Sheet  

10

Consolidated Statement of Changes in Equity  

11

Company Statement of Changes in Equity  

12

Consolidated Cash Flow Statement  

13

Notes to the Consolidated Cash Flow Statement

14

Notes to the Consolidated Financial Statements

15

DIRECTOR:

P S Clunn

REGISTERED OFFICE:

C/O Links Electrical Supplies Ltd

First Floor Suite, Hafren House

5 St. Giles Business Park, Pool Road

Newtown

Powys

SY16 3AJ

REGISTERED NUMBER:

16037732 (England and Wales)

SENIOR STATUTORY AUDITOR:

Susanna D Ault FCA FCCA

AUDITORS:

Tomkinson Teal (Lichfield) LLP

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

The director presents his strategic report of the company and the group for the period 24 October 2024 to 31 December 2025.

REVIEW OF BUSINESS

The Group recorded a turnover of £18.6million for the financial period ended 2025.

This performance is attributable to two principal factors. Firstly, a significant restructuring of the Group's procurement processes has delivered a competitive advantage not previously realised, enabling more favourable purchasing terms, much better relationships and margin management. Secondly, the Board made a strategic decision to concentrate efforts on core client relationships, shifting from a transactional product-supply model to the delivery of integrated project solutions. Together, these initiatives have created a discernible competitive position in the market and have been the primary drivers of the sales growth achieved during the period.

The improved revenue performance has had a material positive impact on profitability. Operating profit has amounted to £580,000 and pre-tax profit of £295,000. The Director considers this a particularly encouraging result, reflecting both the operational successes made during the period and the scalability of the business model going forward.

Net assets at the period-end stood at £89,000 following the acquisition of the two subsidiaries.

PRINCIPAL RISKS AND UNCERTAINTIES

The Group's operations expose it to a number of financial risks in the ordinary course of business, principally credit risk and liquidity risk. Given the size and structure of the Group, the Directors have retained direct responsibility for monitoring and managing financial risk and have not delegated this function to a sub-committee of the Board. The policies established by the Board are implemented by the Group's finance department as required.

Credit Risk

The Group has implemented robust policies requiring appropriate due diligence and credit assessment of prospective customers prior to the commencement of trading relationships. These controls are designed to mitigate the risk of financial loss arising from customer default.

Liquidity Risk

The Group actively manages its working capital position to ensure that sufficient funds are available to meet operational requirements as they fall due. Decisions regarding medium to long-term debt financing are made by the Board of Directors having regard to the Group's forecast funding requirements and prevailing market conditions.

OUTLOOK

The Board views the outlook for 2026 and beyond with confidence. The Group intends to launch two new commercial verticals during the forthcoming year: a National Accounts division and a dedicated project tendering function, both of which are expected to contribute meaningfully to revenue growth.

The Group will continue to invest in its marketing capabilities, while maintaining a disciplined approach to risk management. The Board is also committed to progressing the Group's environmental, social and governance ("ESG") agenda; in particular, the transition of the delivery fleet to fully electric vehicles is underway and represents a tangible step towards reducing the Group's carbon footprint in line with its broader sustainability objectives.

ON BEHALF OF THE BOARD:

P S Clunn - Director

17 July 2026

The director presents his report with the financial statements of the company and the group for the period 24 October 2024 to 31 December 2025.

COMMENCEMENT OF TRADING

The group was created on 26 November 2024, when the subsidiaries were acquired by RDCP Investments 29 Ltd. On 24 January 2025, a special resolution was passed changing its name to RDCP Electrical 2 Ltd.

PRINCIPAL ACTIVITY

DIVIDENDS

No dividends will be distributed for the period ended 31 December 2025.

DIRECTORS

The directors who have held office during the period from 24 October 2024 to the date of this report are as follows:

P S Clunn - appointed 20 January 2025

S Rizvi - resigned 20 January 2025

The director who is eligible offers himself for election at the forthcoming first Annual General Meeting.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Group Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year.  Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period.  In preparing these financial statements, the director is required to:

-

select suitable accounting policies and then apply them consistently;

-

make judgements and accounting estimates that are reasonable and prudent;

-

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditors,  Tomkinson Teal (Lichfield) LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

P S Clunn - Director

17 July 2026

Opinion

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report.  We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements.  We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information

The director is responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.  We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-

the information given in the Group Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-

the Group Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-

adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-

the parent company financial statements are not in agreement with the accounting records and returns; or

-

certain disclosures of director's remuneration specified by law are not made; or

-

we have not received all the information and explanations we require for our audit.

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page three, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the group or the parent company or to cease operations, or has no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion.  Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design audit procedures in line with our responsibilities to detect material misstatements arising from irregularities, including fraud.

The risk of not detecting a material misstatement due to fraud is higher than for one arising from error, as fraud may involve deliberate concealment, including collusion or misrepresentation. There are inherent limitations in an audit, and the further removed non-compliance is from the events and transactions reflected in the financial statements, the less likely it is that it will be detected.

As part of our audit, we obtained an understanding of the legal and regulatory framework applicable to the company and considered the risks of material misstatement arising from non-compliance. We discussed these risks within the engagement team and designed audit procedures accordingly.

Our procedures included enquiries of management and those charged with governance, review of relevant documentation, and testing of transactions where appropriate. We also addressed the risk of management override of controls by reviewing journal entries and accounting estimates for indicators of bias.

We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Susanna D Ault FCA FCCA (Senior Statutory Auditor)

for and on behalf of Tomkinson Teal (Lichfield) LLP

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

17 July 2026

TURNOVER

18,594,543

Cost of sales

(13,701,561

)

GROSS PROFIT

4,892,982

Administrative expenses

(4,314,287

)

OPERATING PROFIT

5

578,695

Interest receivable and similar income

1,415

580,110

Interest payable and similar expenses

6

(284,693

)

PROFIT BEFORE TAXATION

295,417

Tax on profit

7

(205,700

)

PROFIT FOR THE FINANCIAL PERIOD

89,717

Profit attributable to:

Owners of the parent

89,717

PROFIT FOR THE PERIOD

89,717

OTHER COMPREHENSIVE INCOME

-

TOTAL COMPREHENSIVE INCOME FOR

THE PERIOD

89,717

Total comprehensive income attributable to:

Owners of the parent

89,717

FIXED ASSETS

Intangible assets

9

3,228,359

Tangible assets

10

464,066

Investments

11

-

3,692,425

CURRENT ASSETS

Stocks

12

1,719,276

Debtors

13

3,910,688

Cash at bank and in hand

4,284

5,634,248

CREDITORS

Amounts falling due within one year

14

(8,023,324

)

NET CURRENT LIABILITIES

(2,389,076

)

TOTAL ASSETS LESS CURRENT

LIABILITIES

1,303,349

CREDITORS

Amounts falling due after more than one year

15

(1,138,103

)

PROVISIONS FOR LIABILITIES

19

(75,528

)

NET ASSETS

89,718

CAPITAL AND RESERVES

Called up share capital

20

1

Retained earnings

21

89,717

SHAREHOLDERS' FUNDS

89,718

The financial statements were approved by the director and authorised for issue on 17 July 2026 and were signed by:

P S Clunn - Director

FIXED ASSETS

Intangible assets

9

-

Tangible assets

10

-

Investments

11

6,724,286

6,724,286

CURRENT ASSETS

Debtors

13

1

CREDITORS

Amounts falling due within one year

14

(6,490,953

)

NET CURRENT LIABILITIES

(6,490,952

)

TOTAL ASSETS LESS CURRENT

LIABILITIES

233,334

CREDITORS

Amounts falling due after more than one year

15

(633,333

)

NET LIABILITIES

(399,999

)

CAPITAL AND RESERVES

Called up share capital

20

1

Retained earnings

(400,000

)

SHAREHOLDERS' FUNDS

(399,999

)

Company's loss for the financial year

(400,000

)

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.  

The financial statements were approved by the director and authorised for issue on 17 July 2026 and were signed by:

P S Clunn - Director

Called up

share

Retained

Total

capital

earnings

equity

£   

£   

£   

Changes in equity

Issue of share capital

1

-

1

Total comprehensive income

-

89,717

89,717

Balance at 31 December 2025

1

89,717

89,718

Called up

share

Retained

Total

capital

earnings

equity

£   

£   

£   

Changes in equity

Issue of share capital

1

-

1

Total comprehensive income

-

(400,000

)

(400,000

)

Balance at 31 December 2025

1

(400,000

)

(399,999

)

Cash flows from operating activities

Cash generated from operations

1

188,410

Interest paid

(253,816

)

Interest element of hire purchase payments paid

(30,877

)

Net cash from operating activities

(96,283

)

Cash flows from investing activities

Purchase of intangible fixed assets

(3,351,332

)

Purchase of tangible fixed assets

(1,200,923

)

Sale of tangible fixed assets

25,450

Tangible fixed assets on acquisition

1,178,368

Intangible fixed assets on acquisition

7,400

Interest received

1,415

Net cash from investing activities

(3,339,622

)

Cash flows from financing activities

Capital repayments in year

178,300

Net cash from financing activities

178,300

Decrease in cash and cash equivalents

(3,257,605

)

Cash and cash equivalents at beginning of

period

2

-

Cash and cash equivalents at end of period

2

(3,257,605

)

1.

RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

£   

Profit before taxation

295,417

Depreciation charges

256,967

Loss on disposal of fixed assets

9,283

Finance costs

284,693

Finance income

(1,415

)

844,945

Increase in stocks

(1,719,276

)

Increase in trade and other debtors

(3,910,687

)

Increase in trade and other creditors

4,973,428

Cash generated from operations

188,410

2.

CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Period ended 31 December 2025

31/12/25

24/10/24

£   

£   

Cash and cash equivalents

4,284

-

Bank overdrafts

(3,261,889

)

-

(3,257,605

)

-

3.

ANALYSIS OF CHANGES IN NET DEBT

At 24/10/24

Cash flow

At 31/12/25

£   

£   

£   

Net cash

Cash at bank and in hand

-

4,284

4,284

Bank overdrafts

-

(3,261,889

)

(3,261,889

)

-

(3,257,605

)

(3,257,605

)

Debt

Finance leases

-

(178,300

)

(178,300

)

Debts falling due within 1 year

-

(406,034

)

(406,034

)

Debts falling due after 1 year

-

(399,274

)

(399,274

)

-

(983,608

)

(983,608

)