Hazel Electronics Ltd - Filleted accounts

Registered number

05376994

Hazel Electronics Ltd

Filleted Accounts

31 October 2025

Hazel Electronics Ltd
Registered number:		05376994
Balance Sheet
as at 31 October 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	5		308			695
			308			695

Current assets
Stocks		33,207			38,609
Debtors	6	29,242			41,201
Cash at bank and in hand		28,407			22,986
		90,856			102,796

Creditors: amounts falling due within one year	7	(50,310)			(94,076)

Net current assets			40,546			8,720

Total assets less current liabilities			40,854			9,415

Creditors: amounts falling due after more than one year	8		(131,712)			(127,634)


Net liabilities			(90,858)			(118,219)

Capital and reserves
Called up share capital			1,000			1,000
Profit and loss account			(91,858)			(119,219)

Shareholders' funds			(90,858)			(118,219)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr R Hazelton
Director
Approved by the board on 27 July 2026

Hazel Electronics Ltd
Notes to the Accounts
for the year ended 31 October 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings, tools and equipment	25% reducing balance

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	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.


	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

3	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			5		5













4	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 November 2024					4,484
	At 31 October 2025					4,484

	Amortisation
	At 1 November 2024					4,484
	At 31 October 2025					4,484

	Net book value
	At 31 October 2025					-
	At 31 October 2024					-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


5	Tangible fixed assets
		Land and buildings		Plant and Machinery		Total
£			£		£
	Cost
	At 1 November 2024	5,405		31,141		36,546
	Additions	-		-		-
	At 31 October 2025	5,405		31,141		36,546

	Depreciation
	At 1 November 2024	5,405		30,446		35,851
	Charge for the year	-		387		387
	At 31 October 2025	5,405		30,833		36,238

	Net book value
	At 31 October 2025	-		308		308
	At 31 October 2024	-		695		695


6	Debtors			2025		2024
£					£
	Trade debtors			25,303		37,319
	Other debtors			3,939		3,882
				29,242		41,201




7	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			44,129		82,406
	Taxation and social security costs			5,237		5,613
	Other creditors			944		6,057
				50,310		94,076


8	Creditors: amounts falling due after one year			2025		2024
£					£

	Unsecured loans			61,712		57,634
	Other creditors			70,000		70,000
				131,712		127,634


9	Other financial commitments			2025		2024
£					£

	Total future minimum payments under non-cancellable operating leases			43,695		53,895


10	Other information

	Hazel Electronics Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 12, Blenheim Close
	Pysons Road Industrial Estate
	Broadstairs
	Kent
	CT10 2YF