Company registration number: 02979318
COMPANY INFORMATION
CONTENTS
STRATEGIC REPORT
FOR THE YEAR ENDED 31 OCTOBER 2025
Business Review
The directors are incredibly proud of the company's performance during the year ended 31 October 2025.
Building upon the resilience, investment and diversification initiatives undertaken in recent years, the company delivered an exceptional financial performance whilst continuing to invest in its people, capabilities and long-term future.
The directors' long-term strategy remains focused on building a broader engineering services business around the company's established electrical contracting foundations. Whilst electrical contracting continues to form the core of the business, significant progress has been made in developing complementary service lines that strengthen client relationships, create recurring revenue opportunities and improve the overall resilience of the company.
The Energy division experienced significant growth throughout the year, delivering an increasing number of renewable and low-carbon energy projects. The team continued to expand its expertise in solar photovoltaic systems, electric vehicle charging infrastructure and innovative hybrid energy solutions incorporating solar generation, battery storage, hydrogen technologies and fuel cell applications. The division also successfully delivered pioneering energy infrastructure projects utilising hybrid renewable and hydrogen-based technologies, demonstrating the company's growing expertise in emerging low-carbon solutions.
The Facility Services division continued its strong development, securing several significant new contracts and clients during the year. Under the leadership of the strengthened management team, the division further enhanced its capability in planned maintenance, reactive services and small works projects, strengthening long-term client relationships whilst creating additional recurring revenue streams.
The company also invested further in its design and consultancy capabilities. These investments resulted in increased demand for electrical design services and strengthened the company's ability to support clients from project conception through to delivery and ongoing maintenance.
The company's established electrical contracting activities continued to perform strongly during the year, successfully delivering projects across the education, commercial, industrial and public sectors. The directors remain proud of the company's reputation for quality, safety and delivery, which continues to underpin long-standing client relationships and repeat business opportunities.
Recognising increasing client demand for integrated building services solutions, the company made some significant investments in its mechanical services offering during the year. This included the appointment of experienced senior leaders and further investment in mechanical installation and maintenance capabilities, supporting the company's long-term objective of expanding its integrated service offering.
The company also commenced the provision of network infrastructure and communications services through its in-house team, supported by established supply chain partners. This broadens the range of services available to clients and reflects the increasing convergence between building services and digital infrastructure.
The company continued to invest significantly in training, apprenticeships and professional development throughout the year. Developing future talent remains central to the company's long-term success and the directors remain committed to creating opportunities for apprentices, trainees and existing employees to progress their careers within the business. The company continues to work closely with education providers and industry partners to support the next generation of engineers and building services professionals. The directors are particularly proud of the culture of internal progression that exists within the business, with senior leadership positions having recently been filled through the promotion and development of existing employees.
Across South Wales and the Southwest of England, the company continues to see strong demand from clients seeking high-quality engineering solutions delivered safely, professionally and collaboratively. The directors believe the company's reputation, technical capability and long-standing relationships continue to differentiate the business in a competitive marketplace.
The directors remain committed to maintaining the highest standards of health, safety and wellbeing across all areas of the business and continue to invest in training, systems and processes that support a safe working environment for employees, clients and supply chain partners.
The directors would like to thank the company's employees, clients, supply chain partners and professional advisers for their continued support, hard work and commitment throughout the year. The progress achieved would not have been possible without their contribution.
The directors are incredibly proud of the company's performance during the year ended 31 October 2025.
Building upon the resilience, investment and diversification initiatives undertaken in recent years, the company delivered an exceptional financial performance whilst continuing to invest in its people, capabilities and long-term future.
The directors' long-term strategy remains focused on building a broader engineering services business around the company's established electrical contracting foundations. Whilst electrical contracting continues to form the core of the business, significant progress has been made in developing complementary service lines that strengthen client relationships, create recurring revenue opportunities and improve the overall resilience of the company.
The Energy division experienced significant growth throughout the year, delivering an increasing number of renewable and low-carbon energy projects. The team continued to expand its expertise in solar photovoltaic systems, electric vehicle charging infrastructure and innovative hybrid energy solutions incorporating solar generation, battery storage, hydrogen technologies and fuel cell applications. The division also successfully delivered pioneering energy infrastructure projects utilising hybrid renewable and hydrogen-based technologies, demonstrating the company's growing expertise in emerging low-carbon solutions.
The Facility Services division continued its strong development, securing several significant new contracts and clients during the year. Under the leadership of the strengthened management team, the division further enhanced its capability in planned maintenance, reactive services and small works projects, strengthening long-term client relationships whilst creating additional recurring revenue streams.
The company also invested further in its design and consultancy capabilities. These investments resulted in increased demand for electrical design services and strengthened the company's ability to support clients from project conception through to delivery and ongoing maintenance.
The company's established electrical contracting activities continued to perform strongly during the year, successfully delivering projects across the education, commercial, industrial and public sectors. The directors remain proud of the company's reputation for quality, safety and delivery, which continues to underpin long-standing client relationships and repeat business opportunities.
Recognising increasing client demand for integrated building services solutions, the company made some significant investments in its mechanical services offering during the year. This included the appointment of experienced senior leaders and further investment in mechanical installation and maintenance capabilities, supporting the company's long-term objective of expanding its integrated service offering.
The company also commenced the provision of network infrastructure and communications services through its in-house team, supported by established supply chain partners. This broadens the range of services available to clients and reflects the increasing convergence between building services and digital infrastructure.
The company continued to invest significantly in training, apprenticeships and professional development throughout the year. Developing future talent remains central to the company's long-term success and the directors remain committed to creating opportunities for apprentices, trainees and existing employees to progress their careers within the business. The company continues to work closely with education providers and industry partners to support the next generation of engineers and building services professionals. The directors are particularly proud of the culture of internal progression that exists within the business, with senior leadership positions having recently been filled through the promotion and development of existing employees.
Across South Wales and the Southwest of England, the company continues to see strong demand from clients seeking high-quality engineering solutions delivered safely, professionally and collaboratively. The directors believe the company's reputation, technical capability and long-standing relationships continue to differentiate the business in a competitive marketplace.
The directors remain committed to maintaining the highest standards of health, safety and wellbeing across all areas of the business and continue to invest in training, systems and processes that support a safe working environment for employees, clients and supply chain partners.
The directors would like to thank the company's employees, clients, supply chain partners and professional advisers for their continued support, hard work and commitment throughout the year. The progress achieved would not have been possible without their contribution.
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STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
The directors remain confident in the long-term prospects of the business.
Whilst activity levels are expected to normalise following the exceptional performance achieved during the year, the company remains profitable, well capitalised and enters the new financial year with a strong financial position.
The company has secured a substantial forward order book extending into 2027 and beyond, including major education, commercial and public sector projects. In addition, the company continues to maintain a healthy pipeline of opportunities across South Wales and the South West of England.
The directors remain committed to investing in people, training, technology and operational capability whilst continuing to develop complementary service lines alongside the company's established contracting activities.
The directors believe the company is now better positioned than at any point in its history. With a strong balance sheet, healthy order book, growing range of services, experienced leadership team and a substantial pipeline of future opportunities, the company enters the new financial year with confidence and optimism for the future.
Whilst activity levels are expected to normalise following the exceptional performance achieved during the year, the company remains profitable, well capitalised and enters the new financial year with a strong financial position.
The company has secured a substantial forward order book extending into 2027 and beyond, including major education, commercial and public sector projects. In addition, the company continues to maintain a healthy pipeline of opportunities across South Wales and the South West of England.
The directors remain committed to investing in people, training, technology and operational capability whilst continuing to develop complementary service lines alongside the company's established contracting activities.
The directors believe the company is now better positioned than at any point in its history. With a strong balance sheet, healthy order book, growing range of services, experienced leadership team and a substantial pipeline of future opportunities, the company enters the new financial year with confidence and optimism for the future.
The business' principal financial instruments comprise bank balances, trade debtors and trade creditors. The main purpose of these instruments is to finance the company's operations.
Liquidity risk is managed through maintaining appropriate cash reserves, regular cash flow forecasting and close monitoring of working capital requirements.
Trade debtors are managed through established credit control procedures and regular review of outstanding balances. Trade creditors' liquidity risk is managed by ensuring sufficient funds are available to meet amounts due and maintaining strong relationships with key suppliers.
The directors continue to monitor wider economic conditions, labour availability, inflationary pressures and construction market activity. The company's diversified client base, strong balance sheet and growing range of service offerings help mitigate these risks.
Liquidity risk is managed through maintaining appropriate cash reserves, regular cash flow forecasting and close monitoring of working capital requirements.
Trade debtors are managed through established credit control procedures and regular review of outstanding balances. Trade creditors' liquidity risk is managed by ensuring sufficient funds are available to meet amounts due and maintaining strong relationships with key suppliers.
The directors continue to monitor wider economic conditions, labour availability, inflationary pressures and construction market activity. The company's diversified client base, strong balance sheet and growing range of service offerings help mitigate these risks.
This report was approved by the board on 31 July 2026 and signed on its behalf.
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DIRECTORS' REPORT
FOR THE YEAR ENDED 31 OCTOBER 2025
The directors present their report and the financial statements for the year ended 31 October 2025.
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Company's financial statements and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The profit for the year, after taxation, amounted to £1,552,346 (2024 - £305,407).
The total distribution of dividends for the year ended 31 October 2025 was £1,650,000 (2024: £210,000).
The directors who served during the year were:
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DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
The directors remain focused on the continued development of the company's established electrical contracting business whilst investing in complementary service lines that support long-term growth and resilience.
The company expects to continue expanding its capabilities across energy solutions, facility services, design and consultancy, mechanical services and data and communications infrastructure.
The directors believe increasing demand for integrated building services, low-carbon technologies, maintenance services and technical consultancy presents significant opportunities for future growth.
The company enters the new financial year with a strong secured order book and a healthy pipeline of opportunities extending across the education, commercial, industrial and public sectors.
The directors will continue to invest in people, training, technology and operational capability whilst maintaining the high standards of service, quality and safety for which the company is recognised.
Community Engagement
The directors remain passionate about supporting the communities in which the company operates.
Through the Cleaner, Greener, Better initiative, the company worked with thousands of children across schools throughout South Wales, encouraging the next generation to think positively about sustainability, innovation and environmental responsibility.
The programme continues to grow each year and includes significant funding for participating schools, including a £5,000 prize awarded to the winning school. The directors are proud of the positive impact the initiative continues to have within local communities.
Alongside this initiative, the company continues to support education providers, work experience opportunities, apprenticeships and wider social value activities that help promote careers within engineering and construction.
The company expects to continue expanding its capabilities across energy solutions, facility services, design and consultancy, mechanical services and data and communications infrastructure.
The directors believe increasing demand for integrated building services, low-carbon technologies, maintenance services and technical consultancy presents significant opportunities for future growth.
The company enters the new financial year with a strong secured order book and a healthy pipeline of opportunities extending across the education, commercial, industrial and public sectors.
The directors will continue to invest in people, training, technology and operational capability whilst maintaining the high standards of service, quality and safety for which the company is recognised.
Community Engagement
The directors remain passionate about supporting the communities in which the company operates.
Through the Cleaner, Greener, Better initiative, the company worked with thousands of children across schools throughout South Wales, encouraging the next generation to think positively about sustainability, innovation and environmental responsibility.
The programme continues to grow each year and includes significant funding for participating schools, including a £5,000 prize awarded to the winning school. The directors are proud of the positive impact the initiative continues to have within local communities.
Alongside this initiative, the company continues to support education providers, work experience opportunities, apprenticeships and wider social value activities that help promote careers within engineering and construction.
There have been no significant events affecting the Company since the year end.
The auditors, Menzies LLP, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board on 31 July 2026 and signed on its behalf.
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INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF EVANS ELECTRICAL LIMITED
We have audited the financial statements of Evans Electrical Limited (the 'Company') for the year ended 31 October 2025, which comprise the Statement of Comprehensive Income, the Balance Sheet, the Statement of Cash Flows, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.
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INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF EVANS ELECTRICAL LIMITED (CONTINUED)
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.
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INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF EVANS ELECTRICAL LIMITED (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Our planning procedures identify the legal and regulatory frameworks applicable to the operations and financial statements of the company. These are reviewed internally with the audit team including relevant industry experience and expectations as well as externally with the client management. The key laws and regulations we considered in this context were the UK Companies Act 2006, UK GAAP (FRS 102) and relevant tax legislation.
Once identified, we assess the risks of material misstatements in relation to the laws and regulations, irregularities, including fraud and adjust our testing accordingly. Our audit procedures include:
- Discussing with Director and management which areas of the business they believe to be more susceptible to fraud, and whether they have any knowledge or suspicion of fraudulent activities;
- Obtaining an understanding of the key controls put in place by the company to address risks identified, assessing the effectiveness of those and discussing how these are maintained and monitored internally;
- Assessing the risk of management override and review and testing of journal entries made into the accounting system;
- Challenging assumptions and judgements made by the company in relation to the significant accounting estimates employed in the preparation of the financial statements;
- Discussing with Director and Management the legal and regulatory obligations of the business and whether they have any knowledge or suspicion of non compliance.
Once identified, we assess the risks of material misstatements in relation to the laws and regulations, irregularities, including fraud and adjust our testing accordingly. Our audit procedures include:
- Discussing with Director and management which areas of the business they believe to be more susceptible to fraud, and whether they have any knowledge or suspicion of fraudulent activities;
- Obtaining an understanding of the key controls put in place by the company to address risks identified, assessing the effectiveness of those and discussing how these are maintained and monitored internally;
- Assessing the risk of management override and review and testing of journal entries made into the accounting system;
- Challenging assumptions and judgements made by the company in relation to the significant accounting estimates employed in the preparation of the financial statements;
- Discussing with Director and Management the legal and regulatory obligations of the business and whether they have any knowledge or suspicion of non compliance.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
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INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF EVANS ELECTRICAL LIMITED (CONTINUED)
for and on behalf of
Chartered Accountants
Statutory Auditor
5th Floor
Hodge House
114-116 St Mary Street
CF10 1DY
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STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 OCTOBER 2025
Page 9
BALANCE SHEET
AS AT 31 OCTOBER 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 July 2026 .
The notes on pages 15 to 25 form part of these financial statements.
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STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2025
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STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2024
Page 12
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 OCTOBER 2025
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ANALYSIS OF NET DEBT
FOR THE YEAR ENDED 31 OCTOBER 2025
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
Evans 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.
The presentation currency of the financial statements is the Pound Sterling (£).
company's registered number and registered office address can be found on the Company Information page.
The presentation currency of the financial statements is the Pound Sterling (£).
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).
The following principal accounting policies have been applied:
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
2.Accounting policies (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
2.Accounting policies (continued)
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.
Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Other financial assets
Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
2.Accounting policies (continued)
cannot be measured reliably, they are measured at cost less impairment.
Impairment of financial assets
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
Basic financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
Derecognition of financial instruments
Derecognition of financial assets
Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent
from other sources. The estimates and associated assumptions are based on historical experience and other
factors considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period which the estimate is revised where the revision affects only that period,
or in the period of the revision and future periods where the revision affects both current and future periods
Analysis of turnover by country of destination:
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
There were no factors that may affect future tax charges.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £524,726 (2024 - £236,381) . Contributions totalling £Nil (2024 - £Nil) were payable to the fund at the balance sheet date and are included in creditors
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
Evans Electrical Holdings Limited is regarded by the directors as being the company's ultimate parent company.
The immediate and ultimate parent company is Evans Electrical Holdings Limited, whose registered office is 59
Waterloo Road, Penylan, Cardiff, Wales, CF23 9BL, is the smallest and largest group for which consolidated
financial statements are prepared. Copies of the financial statements of both companies are available from
Companies House, Crown Way, Cardiff CF14 3UZ.
The ultimate controlling party is Mr O Evans a director of the company and shareholder of Evans Electrical Holdings Ltd.
The immediate and ultimate parent company is Evans Electrical Holdings Limited, whose registered office is 59
Waterloo Road, Penylan, Cardiff, Wales, CF23 9BL, is the smallest and largest group for which consolidated
financial statements are prepared. Copies of the financial statements of both companies are available from
Companies House, Crown Way, Cardiff CF14 3UZ.
The ultimate controlling party is Mr O Evans a director of the company and shareholder of Evans Electrical Holdings Ltd.
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