REGISTERED NUMBER: 07049698 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

Cassidy Gregory Electrical

Contractors Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A M Cassidy

Mr T I Gregory

REGISTERED OFFICE:

2 Northside

Wells Road

Chilcompton

Radstock

BA3 4ET

REGISTERED NUMBER:

07049698 (England and Wales)

ACCOUNTANTS:

Accounting Solutions

2 Northside

Wells Road

Chilcompton

Radstock

BA3 4ET

FIXED ASSETS

Tangible assets

4

36,285

44,071

CURRENT ASSETS

Stocks

110,867

64,605

Debtors

5

197,931

344,625

Cash at bank

119,390

47,813

428,188

457,043

CREDITORS

Amounts falling due within one year

6

148,849

121,115

NET CURRENT ASSETS

279,339

335,928

TOTAL ASSETS LESS CURRENT LIABILITIES

315,624

379,999

CREDITORS

Amounts falling due after more than one year

7

-

34,983

NET ASSETS

315,624

345,016

CAPITAL AND RESERVES

Called up share capital

120

100

Retained earnings

315,504

344,916

SHAREHOLDERS' FUNDS

315,624

345,016

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 23 July 2026 and were signed on its behalf by:

Mr A M Cassidy - Director

Mr T I Gregory - Director

1.	STATUTORY INFORMATION

Cassidy Gregory Electrical Contractors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 November 2024

5,677

107,120

3,975

116,772

Additions

951

3,500

-

4,451

At 31 October 2025

6,628

110,620

3,975

121,223

DEPRECIATION

At 1 November 2024

4,631

65,384

2,686

72,701

Charge for year

499

11,309

429

12,237

At 31 October 2025

5,130

76,693

3,115

84,938

NET BOOK VALUE

At 31 October 2025

1,498

33,927

860

36,285

At 31 October 2024

1,046

41,736

1,289

44,071

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 November 2024

and 31 October 2025

83,976

DEPRECIATION

At 1 November 2024

48,549

Charge for year

8,857

At 31 October 2025

57,406

NET BOOK VALUE

At 31 October 2025

26,570

At 31 October 2024

35,427

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

94,442

235,934

Amounts owed by group undertakings

30,108

27,976

Other debtors

73,381

80,715

197,931

344,625

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

33,983

11,640

Trade creditors

58,305

70,718

Taxation and social security

45,634

25,465

Other creditors

10,927

13,292

148,849

121,115

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

-

34,983

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company was under the control of the directors throughout the period as stated in the directors' report.

Interest is charged on overdrawn directors' loan account balances at the official rate of 2.25% until 5 April 2025 and 3.75% thereafter.