REGISTERED NUMBER: 04873698 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

ELEMENT ELECTRICAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S M Wood

A J Wood

SECRETARY:

Mrs V L Wood

REGISTERED OFFICE:

Lothing House

Quay View Business Park

Lowestoft

Suffolk

NR32 2HD

REGISTERED NUMBER:

04873698 (England and Wales)

ACCOUNTANTS:

Juler Tooke

Lothing House

Quay View Business Park

Barnards Way

Lowestoft

Suffolk

NR32 2HD

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

21,996

26,514

21,996

26,514

CURRENT ASSETS

Stocks

3,500

3,500

Debtors

6

2,304

11,893

Cash at bank

26,241

41,996

32,045

57,389

CREDITORS

Amounts falling due within one year

7

(48,295

)

(73,306

)

NET CURRENT LIABILITIES

(16,250

)

(15,917

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,746

10,597

PROVISIONS FOR LIABILITIES

(5,499

)

(6,629

)

NET ASSETS

247

3,968

CAPITAL AND RESERVES

Called up share capital

152

152

Retained earnings

95

3,816

SHAREHOLDERS' FUNDS

247

3,968

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 10 July 2026 and were signed on its behalf by:

S M Wood - Director

A J Wood - Director

1.	STATUTORY INFORMATION

Element Electrical 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.

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.

Plant and machinery etc

-

20% on reducing balance and 15% on reducing balance

Stocks

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

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

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.

Goodwill

Goodwill, being the amount paid in connection with acquisitions of businesses in 2003 and 2006, is being amortised evenly over the estimated useful life of ten years.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

86,000

AMORTISATION

At 1 April 2025

and 31 March 2026

86,000

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

60,661

Additions

611

At 31 March 2026

61,272

DEPRECIATION

At 1 April 2025

34,147

Charge for year

5,129

At 31 March 2026

39,276

NET BOOK VALUE

At 31 March 2026

21,996

At 31 March 2025

26,514

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

806

10,346

Other debtors

1,498

1,547

2,304

11,893

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade creditors

5,232

8,031

Taxation and social security

15,419

21,507

Other creditors

27,644

43,768

48,295

73,306

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £51,800 (2025 - £74,250) were paid to the directors .

The company operates a Loan account with the Directors and the balance as at 31st March 2026 was £27,644 split as follows:-

S M Wood £21,361

A J Wood £ 6,283

9.	ULTIMATE CONTROLLING PARTY

The company was under the control of Mr S Wood, & Mr A Wood as holders of the share capital throughout the current and previous year.