Registration number: 10404601

J&R Electrical Services Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

J&R Electrical Services Ltd

Company Information

Directors

Mr William Matthew Jones Mrs Lauren-Leigh Jones

Registered office

5 Ffordd Alltwen Gowerton Swansea Wales SA4 3HG

Accountants

RiverView Portfolio Limited 1 Market Hill Calne Wiltshire SN11 0BT

J&R Electrical Services Ltd

(Registration number: 10404601)
Balance Sheet as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	197,975	52,222
Current assets
Stocks	6	111,000	111,000
Debtors	7	81,905	43,833
Cash at bank and in hand		42,523	-
		235,428	154,833
Creditors: Amounts falling due within one year	8	(234,572)	(144,629)
Net current assets		856	10,204
Total assets less current liabilities		198,831	62,426
Creditors: Amounts falling due after more than one year	8	(180,992)	(52,298)
Net assets		17,839	10,128
Capital and reserves
Called up share capital		110	14
Retained earnings		17,729	10,114
Shareholders' funds		17,839	10,128

For the financial year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 3 June 2026 and signed on its behalf by:
 

J&R Electrical Services Ltd

(Registration number: 10404601)
Balance Sheet as at 31 October 2025 (continued)

......................................... Mr William Matthew Jones Director

......................................... Mrs Lauren-Leigh Jones Director

J&R Electrical Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
5 Ffordd Alltwen
Gowerton
Swansea
Wales
SA4 3HG

These financial statements were authorised for issue by the Board on 3 June 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

J&R Electrical Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

2	Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

J&R Electrical Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

2	Accounting policies (continued)

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2024 - 0).

4	Profit/loss before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	20,315	17,415

J&R Electrical Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

5	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 November 2024	26,975	91,640	118,615
Additions	7,169	179,730	186,899
Disposals	-	(39,500)	(39,500)
At 31 October 2025	34,144	231,870	266,014
Depreciation
At 1 November 2024	18,646	47,747	66,393
Charge for the year	3,587	16,728	20,315
Eliminated on disposal	-	(18,669)	(18,669)
At 31 October 2025	22,233	45,806	68,039
Carrying amount
At 31 October 2025	11,911	186,064	197,975
At 31 October 2024	8,329	43,893	52,222

6

Stocks

	2025 £	2024 £
Work in progress	51,000	60,000
Other inventories	60,000	51,000
	111,000	111,000

7

Debtors

J&R Electrical Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

7	Debtors (continued)

Current	2025 £	2024 £
Trade debtors	71,119	39,662
Prepayments	9,535	-
Other debtors	1,251	4,171
	81,905	43,833

J&R Electrical Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	100,196	51,012
Trade creditors		34,859	38,668
Taxation and social security		47,685	47,707
Accruals and deferred income		48,476	1,611
Other creditors		3,356	5,631
		234,572	144,629

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	180,992	52,298

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	180,992	52,298

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	100,196	19,697
Bank overdrafts	-	31,315
	100,196	51,012