Company registration number 09888342 (England and Wales)
SBS ELECTRICAL GROUP LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
SBS ELECTRICAL GROUP LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
SBS ELECTRICAL GROUP LIMITED
BALANCE SHEET
AS AT
31 MARCH 2026
31 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Investments
3
523,000
523,000
Current assets
Debtors
5
1,574,686
1,574,686
Creditors: amounts falling due within one year
6
(1,868,754)
(1,868,165)
Net current liabilities
(294,068)
(293,479)
Total assets less current liabilities
228,932
229,521
Creditors: amounts falling due after more than one year
7
(39,225)
(39,225)
Net assets
189,707
190,296
Capital and reserves
Called up share capital
8
100
100
Capital redemption reserve
104,619
104,619
Profit and loss reserves
84,988
85,577
Total equity
189,707
190,296

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 17 July 2026 and are signed on its behalf by:
A D Brown
Director
Company registration number 09888342 (England and Wales)
SBS ELECTRICAL GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 2 -
1
Accounting policies
Company information

SBS Electrical Group Limited is a private company limited by shares incorporated in England and Wales. The registered office is Mentor House, Ainsworth Street, Blackburn, Lancashire, BB1 6AY.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Going concern

The company is reliant upon the financial support of its true parent company, SBS Group Holdings Ltd in order to meet its liabilities as they fall due.

A t the time of approving the financial statements, t he directors have indicated that this support will continue for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

SBS ELECTRICAL GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 3 -
1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
5
5
3
Fixed asset investments
2026
2025
£
£
Shares in group undertakings and participating interests
523,000
523,000
SBS ELECTRICAL GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 4 -
4
Subsidiaries

Details of the company's subsidiaries at 31 March 2026 are as follows:

Name of undertaking
Registered
Nature of business
Class of
% Held
office key
shares held
Direct
Indirect
SBS Electrical, Heating & Plumbing Services Limited
1
Electrical, heating and plumbing contractors
Ordinary
100.00
0
Registered Office addresses:
1
Unit 1, Healey Wood Road Industrial Estate, Burnley, Lancashire, BB11 2HG
5
Debtors
2026
2025
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
1,574,686
1,574,686
6
Creditors: amounts falling due within one year
2026
2025
£
£
Amounts owed to group undertakings
1,868,754
1,868,165
7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Other creditors
39,225
39,225

Other creditors represent 'A' preference shares of £1 each, which were issued on 10 February 2016.

The 'A' preference shares are redeemable at the discretion of the company.

The 'A' preference shares carry no voting rights.

The 'A' preference shares confer the right to a cumulative preferential dividend at the rate of 1.5% per annum, and this dividend ranks for payment in priority to the payment of a dividend on any other shares.

The 'A' preference shares have priority in the event of winding up or other repayment of capital.

SBS ELECTRICAL GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 5 -
8
Called up share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
2026-03-31 2025-04-01 false false false 17 July 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity W T Walton T A Taylor M E Stringman A D Brown L P Mulready 09888342 2025-04-01 2026-03-31 09888342 2026-03-31 09888342 2025-03-31 09888342 core:CurrentFinancialInstruments core:WithinOneYear 2026-03-31 09888342 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 09888342 core:Non-currentFinancialInstruments core:AfterOneYear 2026-03-31 09888342 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 09888342 core:ShareCapital 2026-03-31 09888342 core:ShareCapital 2025-03-31 09888342 core:CapitalRedemptionReserve 2026-03-31 09888342 core:CapitalRedemptionReserve 2025-03-31 09888342 core:RetainedEarningsAccumulatedLosses 2026-03-31 09888342 core:RetainedEarningsAccumulatedLosses 2025-03-31 09888342 core:ShareCapitalOrdinaryShareClass1 2026-03-31 09888342 core:ShareCapitalOrdinaryShareClass1 2025-03-31 09888342 bus:Director4 2025-04-01 2026-03-31 09888342 2024-04-01 2025-03-31 09888342 core:Subsidiary1 2025-04-01 2026-03-31 09888342 core:Subsidiary1 1 2025-04-01 2026-03-31 09888342 core:CurrentFinancialInstruments 2025-03-31 09888342 core:CurrentFinancialInstruments 2026-03-31 09888342 core:Non-currentFinancialInstruments 2026-03-31 09888342 core:Non-currentFinancialInstruments 2025-03-31 09888342 bus:OrdinaryShareClass1 2025-04-01 2026-03-31 09888342 bus:OrdinaryShareClass1 2026-03-31 09888342 bus:OrdinaryShareClass1 2025-03-31 09888342 bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 09888342 bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 09888342 bus:FRS102 2025-04-01 2026-03-31 09888342 bus:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 09888342 bus:Director1 2025-04-01 2026-03-31 09888342 bus:Director2 2025-04-01 2026-03-31 09888342 bus:Director3 2025-04-01 2026-03-31 09888342 bus:Director5 2025-04-01 2026-03-31 09888342 bus:FullAccounts 2025-04-01 2026-03-31 xbrli:pure xbrli:shares iso4217:GBP