Company registration number 08868226 (England and Wales)
COMPLETE ELECTRICAL SUPPLIES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
PAGES FOR FILING WITH REGISTRAR
COMPLETE ELECTRICAL SUPPLIES LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
COMPLETE ELECTRICAL SUPPLIES LTD
BALANCE SHEET
AS AT 28 FEBRUARY 2026
28 February 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,282
1,887
Current assets
Stocks
-
13,579
Debtors
4
70,419
72,535
Cash at bank and in hand
204
426
70,623
86,540
Creditors: amounts falling due within one year
5
(187,095)
(183,062)
Net current liabilities
(116,472)
(96,522)
Total assets less current liabilities
(115,190)
(94,635)
Creditors: amounts falling due after more than one year
6
(18,519)
(24,074)
Provisions for liabilities
17,865
22,307
Net liabilities
(115,844)
(96,402)
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
(115,944)
(96,502)
Total equity
(115,844)
(96,402)

The notes on pages 3 to 8 form part of these financial statements.

COMPLETE ELECTRICAL SUPPLIES LTD
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2026
28 February 2026
- 2 -

For the financial year ended 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 15 July 2026 and are signed on its behalf by:
V Gosling
Director
Company registration number 08868226 (England and Wales)
COMPLETE ELECTRICAL SUPPLIES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
- 3 -
1
Accounting policies
Company information

Complete Electrical Supplies Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Norfolk House, 4 Station Road, St Ives, Cambs, PE27 5AF.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements are prepared on the going concern basis. The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future.

1.3
Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
20% Straight Line
Fixtures, fittings & equipment
20% Straight Line
Computer equipment
20% Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

COMPLETE ELECTRICAL SUPPLIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
1
Accounting policies
(Continued)
- 4 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

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 debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of 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 deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

COMPLETE ELECTRICAL SUPPLIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
1
Accounting policies
(Continued)
- 5 -
1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
2
3
COMPLETE ELECTRICAL SUPPLIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
- 6 -
3
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
£
Cost
At 1 March 2025 and 28 February 2026
7,720
4,132
2,401
14,253
Depreciation and impairment
At 1 March 2025
7,429
4,132
805
12,366
Depreciation charged in the year
124
-
0
481
605
At 28 February 2026
7,553
4,132
1,286
12,971
Carrying amount
At 28 February 2026
167
-
0
1,115
1,282
At 28 February 2025
291
-
0
1,596
1,887
4
Debtors
2026
2025
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
70,419
70,600
Other debtors
-
0
1,935
70,419
72,535
COMPLETE ELECTRICAL SUPPLIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
- 7 -
5
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans
5,556
5,556
Trade creditors
5,280
11,089
Amounts owed to group undertakings
173,692
164,062
Taxation and social security
1,522
-
0
Other creditors
-
0
255
Accruals
1,045
2,100
187,095
183,062

Partial guarantees have been provided by the secretary of state under the Coronavirus business interruption loan scheme.

6
Creditors: amounts falling due after more than one year
2026
2025
Notes
£
£
Bank loans and overdrafts
18,519
24,074

Partial guarantees have been provided by the secretary of state under the Coronavirus business interruption loan scheme.

7
Called up share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100
8
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

During the year, Complete Electrical Supplies Ltd provided goods to related parties of £0 (2025 £129,258), of which £70,419 (2025 £70,598) is outstanding at the year-end.

During the year, Complete Electrical Supplies Ltd received goods from related parties of £0 (2025 £35,591), of which £26,445 (2025 £26,445) is outstanding at the year-end.

At the year end, a loan of £146,748 (2024 £1 37,618) is due to its parent undertakings. These loans are interest free and will be repaid when the company has sufficient resources to do so.

At the year end, a loan of £500 (2024 £0) is due to fellow group undertakings. This loan is interest free and will be repaid when the company has sufficient resources to do so.

COMPLETE ELECTRICAL SUPPLIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
- 8 -
9
Parent company

The parent company of Complete Electrical Supplies Limited is APPS (UK) Limited and its registered office is Norfolk House, 4 Station Road, St Ives, Cambridgeshire, PE27 5AF.

The ultimate controlling party is APPS Group Limited and its registered office is Norfolk House, 4 Station Road, St Ives, Cambridgeshire, PE27 5AF.

2026-02-28 2025-03-01 false false false 15 July 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity V Gosling J Gosling 08868226 2025-03-01 2026-02-28 08868226 2026-02-28 08868226 2025-02-28 08868226 core:PlantMachinery 2026-02-28 08868226 core:FurnitureFittings 2026-02-28 08868226 core:ComputerEquipment 2026-02-28 08868226 core:PlantMachinery 2025-02-28 08868226 core:FurnitureFittings 2025-02-28 08868226 core:ComputerEquipment 2025-02-28 08868226 core:CurrentFinancialInstruments core:WithinOneYear 2026-02-28 08868226 core:CurrentFinancialInstruments core:WithinOneYear 2025-02-28 08868226 core:Non-currentFinancialInstruments core:AfterOneYear 2026-02-28 08868226 core:Non-currentFinancialInstruments core:AfterOneYear 2025-02-28 08868226 core:ShareCapital 2026-02-28 08868226 core:ShareCapital 2025-02-28 08868226 core:RetainedEarningsAccumulatedLosses 2026-02-28 08868226 core:RetainedEarningsAccumulatedLosses 2025-02-28 08868226 core:ShareCapitalOrdinaryShareClass1 2026-02-28 08868226 core:ShareCapitalOrdinaryShareClass1 2025-02-28 08868226 bus:Director1 2025-03-01 2026-02-28 08868226 core:PlantMachinery 2025-03-01 2026-02-28 08868226 core:FurnitureFittings 2025-03-01 2026-02-28 08868226 core:ComputerEquipment 2025-03-01 2026-02-28 08868226 2024-02-29 2025-02-28 08868226 core:PlantMachinery 2025-02-28 08868226 core:FurnitureFittings 2025-02-28 08868226 core:ComputerEquipment 2025-02-28 08868226 2025-02-28 08868226 core:CurrentFinancialInstruments 2026-02-28 08868226 core:CurrentFinancialInstruments 2025-02-28 08868226 core:Non-currentFinancialInstruments 2026-02-28 08868226 core:Non-currentFinancialInstruments 2025-02-28 08868226 bus:OrdinaryShareClass1 2025-03-01 2026-02-28 08868226 bus:OrdinaryShareClass1 2026-02-28 08868226 bus:OrdinaryShareClass1 2025-02-28 08868226 bus:PrivateLimitedCompanyLtd 2025-03-01 2026-02-28 08868226 bus:SmallCompaniesRegimeForAccounts 2025-03-01 2026-02-28 08868226 bus:FRS102 2025-03-01 2026-02-28 08868226 bus:AuditExemptWithAccountantsReport 2025-03-01 2026-02-28 08868226 bus:Director2 2025-03-01 2026-02-28 08868226 bus:FullAccounts 2025-03-01 2026-02-28 xbrli:pure xbrli:shares iso4217:GBP