Company registration number 12319803 (England and Wales)
FALKLAND ELECTRICAL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
PAGES FOR FILING WITH REGISTRAR
FALKLAND ELECTRICAL LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
FALKLAND ELECTRICAL LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2025
30 November 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
29,811
36,887
Current assets
Debtors
4
107,724
72,905
Cash at bank and in hand
2,325
22,559
110,049
95,464
Creditors: amounts falling due within one year
5
(48,934)
(33,907)
Net current assets
61,115
61,557
Total assets less current liabilities
90,926
98,444
Creditors: amounts falling due after more than one year
6
(5,071)
(12,081)
Net assets
85,855
86,363
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
85,755
86,263
Total equity
85,855
86,363

For the financial year ended 30 November 2025 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 director acknowledges his 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 director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 9 March 2026
Mr M Hill
Director
Company registration number 12319803 (England and Wales)
FALKLAND ELECTRICAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 2 -
1
Accounting policies
Company information

Falkland Electrical Limited is a private company limited by shares incorporated in England and Wales. The registered office is Mentor House, Ainsworth Street, Blackburn, Lancashire, BB1 6AY.

1.1
Accounting convention

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.

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

1.2
Going concern

The director is not aware of any material uncertainties affecting the company and considers that the company will have sufficient resources to continue trading for the foreseeable future. As a result the director has adopted the going concern basis in preparing the financial statements.true

1.3
Turnover

Turnover represents amounts receivable for goods and services provided net of VAT and trade discounts.

1.4
Tangible fixed assets

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

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

Plant and equipment
15% reducing balance
Fixtures and fittings
15% reducing balance
Motor vehicles
25% reducing balance

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.

1.5
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.

1.6
Taxation

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

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.

FALKLAND ELECTRICAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 3 -
1.7
Retirement benefits

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

2
Employees

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

2025
2024
Number
Number
Total
2
2
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2024
43,661
Additions
1,594
At 30 November 2025
45,255
Depreciation and impairment
At 1 December 2024
6,774
Depreciation charged in the year
8,670
At 30 November 2025
15,444
Carrying amount
At 30 November 2025
29,811
At 30 November 2024
36,887

Included within tangible fixed assets are assets held under finance leases or hire purchase contracts, as follows:

2025
2024
£
£
Motor vehicles
21,862
29,150
21,862
29,150
FALKLAND ELECTRICAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 4 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
23,908
9,535
Other debtors
83,816
63,370
107,724
72,905
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
1,833
1,875
Obligations under hire purchase contracts
5,241
4,936
Corporation tax
26,133
14,153
Other taxation and social security
13,243
10,909
Accruals and deferred income
2,484
2,034
48,934
33,907

Net obligations due under hire purchase contacts are secured by fixed charges on the assets financed.

6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
-
0
1,769
Obligations under hire purchase contracts
5,071
10,312
5,071
12,081
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
80
90
80
90
Ordinary 'A' shares of £1 each
10
10
10
10
Ordinary 'B' shares of £1 each
10
0
10
-
0
100
100
100
100
8
Directors' transactions

During the year the company operated a loan account with the director, Mr M Hill. At the balance sheet date the company was owed £83,816 (2024 - £63,370). Interest has been charged on the overdrawn loan account at a rate of 2.25%.

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