Harold Wood Electrical Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

Registered number: 11204254

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		-		20,183

			-		20,183
CURRENT ASSETS
Debtors	5	19,563		34,991
Cash at bank and in hand		70,173		152,944

		89,736		187,935
Creditors: Amounts Falling Due Within One Year	6	(1,394 )		(36,089 )

NET CURRENT ASSETS (LIABILITIES)			88,342		151,846

TOTAL ASSETS LESS CURRENT LIABILITIES			88,342		172,029

Creditors: Amounts Falling Due After More Than One Year	7		-		(12,185 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			-		(5,705 )

NET ASSETS			88,342		154,139

CAPITAL AND RESERVES
Called up share capital	9		101		101
Income Statement			88,241		154,038

SHAREHOLDERS' FUNDS			88,342		154,139

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Harold Wood Electrical Limited

Statement of Financial Position (continued)

As At 28 February 2026

For the year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr Paul Hastie

Director

22nd July 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Harold Wood Electrical Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11204254 . The registered office is 49 Beltinge Road , Harold Wood, Romford, Essex, RM3 0UH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance
Computer Equipment	25% reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement as incurred.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Harold Wood Electrical Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2026	2025
Office and administration	1	2

	1	2

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 March 2025	7,661	34,674	2,541	44,876
Disposals	(7,661 )	(34,674 )	(2,541 )	(44,876 )

As at 28 February 2026	-	-	-	-

Depreciation
As at 1 March 2025	4,274	19,162	1,257	24,693
Disposals	(4,274 )	(19,162 )	(1,257 )	(24,693 )

As at 28 February 2026	-	-	-	-

Net Book Value
As at 28 February 2026	-	-	-	-

As at 1 March 2025	3,387	15,512	1,284	20,183

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	-	14,885
Prepayments and accrued income	-	5,857
Other debtors	-	14,000
Corporation tax recoverable assets	5,563	-
VAT	-	249
Amounts owed by other participating interests	14,000	-

	19,563	34,991

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Harold Wood Electrical Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	-	1,374
Corporation tax	-	30,379
Other taxes and social security	-	1,421
Net wages	-	992
Other creditors	-	707
Accruals and deferred income	750	750
Director's loan account	644	466

	1,394	36,089

7. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	-	12,185

8. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	-	1,374
Later than one year and not later than five years	-	12,185

	-	13,559

	-	13,559

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	101	101

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