Affleck Electrical Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04479107 (England and Wales)

AFFLECK ELECTRICAL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST JULY 2025

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

Mr N C J Whelan

Mrs D A Whelan

SECRETARY:

Mrs D A Whelan

REGISTERED OFFICE:

Unit 10a The Oppenheimer Centre

Greenbridge Road

SWINDON

Wiltshire

SN3 3LH

REGISTERED NUMBER:

04479107 (England and Wales)

ACCOUNTANTS:

Morris Owen

Chartered Accountants

43-45 Devizes Road

SWINDON

Wiltshire

SN1 4BG

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

240,689

146,704

240,689

146,704

CURRENT ASSETS

Stocks

21,035

6,034

Debtors

6

844,400

563,854

Cash at bank

473,535

780,903

1,338,970

1,350,791

CREDITORS

Amounts falling due within one year

7

602,574

628,955

NET CURRENT ASSETS

736,396

721,836

TOTAL ASSETS LESS CURRENT
LIABILITIES

977,085

868,540

PROVISIONS FOR LIABILITIES

27,052

27,874

NET ASSETS

950,033

840,666

CAPITAL AND RESERVES

Called up share capital

8

9

12

Capital redemption reserve

3

-

Retained earnings

950,021

840,654

SHAREHOLDERS' FUNDS

950,033

840,666

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th June 2026 and were signed on its behalf by:

Mrs D A Whelan - Director

Mr N C J Whelan - Director

1.	STATUTORY INFORMATION

Affleck Electrical Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address

are as below:

Registered number: 04479107

Registered office: Unit 10a The Oppenheimer Centre, Greenbridge Road, Swindon, Wiltshire, SN3 3LH

The presentation currency of the financial statements is the Pound Sterling (£) rounded to the

nearest pound.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Significant judgements and estimates

In preparing these financial statements, the directors have made the following judgements:

- Determine whether leases entered into by the company as a lessee are operating leases or

finance leases. These decisions depend on an assessment of whether the risks and rewards of

ownership have been transferred from the lessor to the lessee on a lease by lease basis.

- Determine the period of useful economic life and any residual value of all tangible fixed assets

order to write off the value of each asset over that period.

- Determine an appropriate provision for bad and doubtful debts by assessing the recoverability of

all balances on a balance by balance basis.

- Determine an appropriate provision for obsolete and slow moving stocks by assessing the net

realisable value of all stock lines on a line by line basis

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from the rendering of services is recognised when the outcome of the transaction can be assessed reliably. Revenue is recognised by reference to the stage of completion which is dependent on the nature of the contract, but will generally be based on costs incurred up to the reporting date or achievement of contractual milestones where appropriate.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Short term trade creditors are measured at the transaction price. Other financial liabilities, including loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Taxation

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2024 - 27 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st August 2024

and 31st July 2025

5,000

AMORTISATION

At 1st August 2024

and 31st July 2025

5,000

NET BOOK VALUE

At 31st July 2025

-

At 31st July 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1st August 2024

-

305,425

Additions

133,042

15,670

148,712

Disposals

-

(33,972

)

(33,972

)

At 31st July 2025

133,042

287,123

420,165

DEPRECIATION

At 1st August 2024

-

158,721

Charge for year

488

40,848

41,336

Eliminated on disposal

-

(20,581

)

(20,581

)

At 31st July 2025

488

178,988

179,476

NET BOOK VALUE

At 31st July 2025

132,554

108,135

240,689

At 31st July 2024

-

146,704

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

456,347

492,926

Other debtors

388,053

70,928

844,400

563,854

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

154,464

258,257

Taxation and social security

317,374

216,855

Other creditors

130,736

153,843

602,574

628,955

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

941

Ordinary

£0.01

9

12

On 11 October 2024, the company repurchased 259 £0.01 Ordinary Shares at market value of £868.7259 per share. The shares were subsequently cancelled.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st July 2025 and 31st July 2024:

2025

2024

£

Mrs D A Whelan

Balance outstanding at start of year

-

Amounts advanced

254,888

-

Amounts repaid

(192,468

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

62,420

-

Mr N C J Whelan

Balance outstanding at start of year

-

Amounts advanced

192,586

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

192,586

-

The loans were provided interest free and were repaid on 29/04/2026