Fenland Electrical Services Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Fenland Electrical Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15612891 . The registered office is Peel House, 8 Queen Street, Whittlesey, Peterborough, PE7 1AY.

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. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

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Fenland Electrical Services Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

2.6. Financial Instruments

Financial assets and financial liabilities

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” and Section 12 “Other Financial Instruments Issues” of FRS 102 in full.

Basic financial assets, including trade and other debtors, cash and bank balances, and investments in ordinary shares that are not publicly traded, are initially recognised at transaction price unless the arrangement constitutes a financing transaction. Such assets are subsequently carried at amortised cost using the effective interest method, less impairment where applicable.

Basic financial liabilities, including trade and other creditors, bank loans, director loans, and amounts owed to group undertakings, are initially recognised at transaction price unless the arrangement constitutes a financing transaction. Debt instruments are subsequently measured at amortised cost using the effective interest method.

Financial assets are derecognised when the contractual rights to the cash flows expire or are settled. Financial liabilities are derecognised when the obligation is discharged, cancelled, or expires.

Impairment losses are recognised where there is objective evidence that a financial asset is impaired.

2.7. 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 years 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.

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 assets reflect 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.

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

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Fenland Electrical Services Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

2.9. Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

2.10. Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

2.11. Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2.12. Interest income

Interest income is recognised in the profit and loss using the effective interest method.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2025: 2)

4. Tangible assets

	Plant & machinery	Motor vehicles	Computer equipment	Total
	£	£	£	£
Cost
As at 1 May 2025	1,692	47,242	1,750	50,684

As at 30 April 2026	1,692	47,242	1,750	50,684

Depreciation
As at 1 May 2025	320	9,609	336	10,265
Provided during the period	343	9,408	354	10,105

As at 30 April 2026	663	19,017	690	20,370

Net Book Value
As at 30 April 2026	1,029	28,225	1,060	30,314

As at 1 May 2025	1,372	37,633	1,414	40,419

5. Debtors

	30 April 2026	30 April 2025
	£	£
Due within one year
Trade debtors	27,492	20,154
Other debtors	2,475	12,441

	29,967	32,595

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Fenland Electrical Services Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

6. Creditors: Amounts Falling Due Within One Year

	30 April 2026	30 April 2025
	£	£
Trade creditors	19,355	34,377
Other creditors	31,952	38,069
Taxation and social security	17,765	14,749

	69,072	87,195

7. Share Capital

	30 April 2026	30 April 2025
	£	£
Allotted, Called up and fully paid	100	100

8. Related Party Disclosures

Inlcuded within other creditors is £29,422 (2025: £35,669) owed to the director. No interest has been charged on this loan and it is repayable on demand.

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		30 April 2026		30 April 2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible assets	4		30,314		40,419

			30,314		40,419
CURRENT ASSETS
Stocks		500		500
Debtors	5	29,967		32,595
Cash at bank and in hand		23,996		22,392

		54,463		55,487
Creditors: Amounts Falling Due Within One Year	6	(69,072 )		(87,195 )

NET CURRENT ASSETS (LIABILITIES)			(14,609 )		(31,708 )

TOTAL ASSETS LESS CURRENT LIABILITIES			15,705		8,711

PROVISIONS FOR LIABILITIES
Deferred taxation			(6,467 )		(8,456 )

NET ASSETS			9,238		255

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			9,138		155

SHAREHOLDERS' FUNDS			9,238		255