REGISTERED NUMBER: 06254995 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2026

FOR

DRIFFIELD ELECTRICAL SUPPLIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Preston

D B Day

SECRETARY:

D B Day

REGISTERED OFFICE:

Unit 43

Cranswick Industrial Estate

Beverley Road, Cranswick

Driffield

East Yorkshire

YO25 9QE

REGISTERED NUMBER:

06254995 (England and Wales)

ACCOUNTANTS:

Lloyd Dowson Limited

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

FIXED ASSETS

Tangible assets

4

57,410

79,757

CURRENT ASSETS

Stocks

543,978

575,069

Debtors

5

234,328

250,991

Cash at bank and in hand

63,131

52,813

841,437

878,873

CREDITORS

Amounts falling due within one year

6

333,087

382,634

NET CURRENT ASSETS

508,350

496,239

TOTAL ASSETS LESS CURRENT LIABILITIES

565,760

575,996

CREDITORS

Amounts falling due after more than one year

7

(7,330

)

(14,618

)

PROVISIONS FOR LIABILITIES

(12,328

)

(15,912

)

NET ASSETS

546,102

545,466

CAPITAL AND RESERVES

Called up share capital

9

80

80

Capital redemption reserve

20

20

Retained earnings

546,002

545,366

SHAREHOLDERS' FUNDS

546,102

545,466

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 August 2026 and were signed on its behalf by:

D B Day - Director

D Preston - Director

1.	STATUTORY INFORMATION

Driffield Electrical Supplies 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the sale of electrical goods and is recognised at the point at which the goods are received by the customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

10% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the statement of income and retained earnings over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the statement of income and retained earnings over the period to which they relate.

Pension costs and other post-retirement benefits

The company has implemented auto-enrolment pension in respect of all employees. Contributions are charged to the statement of income and retained earnings in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2025 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2025

180,672

Additions

2,208

Disposals

(14,000

)

At 31 May 2026

168,880

DEPRECIATION

At 1 June 2025

100,915

Charge for year

14,055

Eliminated on disposal

(3,500

)

At 31 May 2026

111,470

NET BOOK VALUE

At 31 May 2026

57,410

At 31 May 2025

79,757

The net book value of tangible fixed assets includes £ 11,597 (2025 - £ 15,463 ) in respect of assets held under hire purchase contracts.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.26

31.5.25

£

£

Trade debtors

234,230

250,893

Other debtors

98

98

234,328

250,991

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.26

31.5.25

£

£

Bank loans and overdrafts

2,159

4,319

Hire purchase contracts

5,130

5,130

Trade creditors

245,218

245,453

Taxation and social security

32,564

40,624

Other creditors

48,016

87,108

333,087

382,634

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.26

31.5.25

£

£

Bank loans

-

2,159

Hire purchase contracts

7,330

12,459

7,330

14,618

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.5.26

31.5.25

£

£

Hire purchase contracts

12,460

17,589

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.26

31.5.25

value:

£

£

80

Ordinary

£1

80

80