Gretton Ward Electrical Limited Accounts






Gretton Ward Electrical Limited

	Company No. 01156878
		Information for Filing with The Registrar
		30 April 2026

The Directors present their report and the accounts for the year ended 30 April 2026.

Principal activities
The principal activity of the company during the year under review was that of electrical engineering.




Directors

The Directors who served at any time during the year were as follows:

K. Donald
B. King
P.B. King
P. Ward






































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

B. King
Director
30 July 2026

at	30 April 2026
Company No.		01156878	Notes	2026	2025
				£	£
Fixed assets

	Tangible assets		5	38,077	50,770


				38,077	50,770
Current assets
	Stocks		6	186,540	153,877
	Debtors		7	570,173	569,298

	Cash at bank and in hand			237,417	216,532
				994,130	939,707
Creditors: Amount falling due within one year			8	(200,635)	(193,531)
Net current assets				793,495	746,176
Total assets less current liabilities				831,572	796,946




Net assets				831,572	796,946

Capital and reserves
	Called up share capital			9,178	9,178



	Profit and loss account		10	822,394	787,768

Total equity				831,572	796,946



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 30 July 2026 and signed on its behalf by:
B. King
Director
30 July 2026

for the year ended 30 April 2026

General information

Gretton Ward Electrical Limited is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 01156878

Its registered office is:

3 Murray Business Centre

Murray Road

Orpington

Kent

BR5 3RE

The accounts have been prepared in accordance and comply with FRS 102 and Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Accounting policies

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the goods;
• the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Leased assets

Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation.

Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above).

Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term.
In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Taxation

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

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

Stocks and work in progress

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Foreign currencies

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
			2026	2025
			Number	Number
		The average monthly number of employees (including directors) during the year was:	12	12

4	Taxation
		(a) Tax on profit on ordinary activities	2026
		The tax charge is made up as follows:	£
		UK corporation tax










		(b) Factors affecting the total tax charge for the period
		The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The differences are reconciled below:
		Lower	2026	2025
		-8657	£	£
		Profit on ordinary activities before tax	34,626	31,036

		Standard rate of corporation tax in the United Kingdom	25%	25%

		Profit on ordinary activities multiplied by standard rate of corporation tax in the United Kingdom	8,657	7,759
		Expenses not deductible for tax purposes	(8,657)	(7,759)

5	Tangible fixed assets
			Plant and machinery	Motor vehicles	Total
			£	£	£
		Cost or revaluation
		At 1 May 2025	30,555	118,366	148,921




		At 30 April 2026	30,555	118,366	148,921
		Depreciation
		At 1 May 2025	29,266	68,885	98,151
		Charge for the year	323	12,370	12,693



		At 30 April 2026	29,589	81,255	110,844
		Net book values
		At 30 April 2026	966	37,111	38,077
		At 30 April 2025	1,289	49,481	50,770

6	Stocks
			2026	2025
			£	£
		Raw materials and consumables	70,000	50,000
		Work in progress	116,540	103,877

			186,540	153,877

7	Debtors
			2026	2025
			£	£
		Trade debtors	496,818	517,805





		Other debtors	28,729	11,992
		Prepayments and accrued income	44,626	39,501
			570,173	569,298

8	Creditors:
		amounts falling due within one year
			2026	2025
			£	£




		Trade creditors	132,234	124,522

		Taxes and social security	27,156	34,949

		Other creditors	34,495	27,310
		Accruals and deferred income	6,750	6,750
			200,635	193,531

Share Capital

The share capital comprises 9,178 fully paid ordinary shares of £1 each.

Reserves

The profit and loss account includes all current and prior period retained profits and losses.