IRIS Accounts Production v26.2.0.496 06352336 Board of Directors 1.12.24 30.11.25 30.11.25 Medium entities 0 0 true false true true false false true false These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. Ordinary 1.00000 Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 06352336 2024-11-30 06352336 2025-11-30 06352336 2024-12-01 2025-11-30 06352336 2023-11-30 06352336 2023-12-01 2024-11-30 06352336 2024-11-30 06352336 ns15:EnglandWales 2024-12-01 2025-11-30 06352336 ns14:PoundSterling 2024-12-01 2025-11-30 06352336 ns10:Director1 2024-12-01 2025-11-30 06352336 ns10:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30 06352336 ns10:MediumEntities 2024-12-01 2025-11-30 06352336 ns10:Audited 2024-12-01 2025-11-30 06352336 ns10:Medium-sizedCompaniesRegimeForDirectorsReport 2024-12-01 2025-11-30 06352336 ns10:Medium-sizedCompaniesRegimeForAccounts 2024-12-01 2025-11-30 06352336 ns10:FullAccounts 2024-12-01 2025-11-30 06352336 ns10:OrdinaryShareClass1 2024-12-01 2025-11-30 06352336 ns10:Director3 2024-12-01 2025-11-30 06352336 ns10:Director4 2024-12-01 2025-11-30 06352336 ns10:Director5 2024-12-01 2025-11-30 06352336 ns10:Director6 2024-12-01 2025-11-30 06352336 ns10:RegisteredOffice 2024-12-01 2025-11-30 06352336 ns10:Director2 2024-12-01 2025-11-30 06352336 ns5:CurrentFinancialInstruments 2025-11-30 06352336 ns5:CurrentFinancialInstruments 2024-11-30 06352336 ns5:ShareCapital 2025-11-30 06352336 ns5:ShareCapital 2024-11-30 06352336 ns5:RetainedEarningsAccumulatedLosses 2025-11-30 06352336 ns5:RetainedEarningsAccumulatedLosses 2024-11-30 06352336 ns5:ShareCapital 2023-11-30 06352336 ns5:RetainedEarningsAccumulatedLosses 2023-11-30 06352336 ns5:RetainedEarningsAccumulatedLosses 2023-12-01 2024-11-30 06352336 ns5:RetainedEarningsAccumulatedLosses 2024-12-01 2025-11-30 06352336 ns10:OrdinaryShareClass1 2023-12-01 2024-11-30 06352336 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-11-30 06352336 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-11-30 06352336 ns10:OrdinaryShareClass1 2025-11-30 06352336 ns5:RetainedEarningsAccumulatedLosses 2024-11-30

REGISTERED NUMBER: 06352336 (England and Wales)

| Strategic Report, Directors' Report and |

| Financial Statements for the Year Ended 30 November 2025 |

| for |

| Colne Valley Electrical (South) Limited |

| Colne Valley Electrical (South) Limited (Registered number: 06352336) |

Contents of the Financial Statements

for the Year Ended 30 November 2025

Page |

| Company Information | 1 |

| Strategic Report | 2 |

| Directors' Report | 4 |

| Independent Auditors' Report | 6 |

| Statement of Comprehensive Income | 10 |

| Statement of Financial Position | 11 |

| Statement of Changes in Equity | 12 |

| Statement of Cash Flows | 13 |

| Notes to the Statement of Cash Flows | 14 |

| Notes to the Financial Statements | 15 |

| Colne Valley Electrical (South) Limited |

Company Information

for the Year Ended 30 November 2025

| DIRECTORS: | A A Ratcliffe

| P Brint

| C Syron

| C B Wheatley

| M R Barber

| REGISTERED OFFICE: | 5 Grange Way

| Colchester

| Essex

| CO2 8HG

| REGISTERED NUMBER: | 06352336 (England and Wales)

| AUDITORS: | Knights Lowe Limited

| Eldo House

| Kempson Way

| Suffolk Business Park

| Bury St Edmunds

| Suffolk

| IP32 7AR

| Colne Valley Electrical (South) Limited (Registered number: 06352336) |

Strategic Report

for the Year Ended 30 November 2025

The directors present their strategic report for the year ended 30 November 2025.

REVIEW OF BUSINESS

The directors consider the company's performance for the year to be satisfactory, particularly given the challenging general economic environment.

Turnover increased compared with the prior year, although supplier price increases and higher labour costs resulted in a slight reduction in gross margin. This was expected due to the pressures faced by the industry as a whole and global influences.

Notwithstanding these cost pressures, continued control of operating costs, together with the increased turnover, resulted in a further improvement in profitability. Profit before tax increased by £0.34 million to £1.198 million.

The company continues to provide services to a number of the UK's largest housebuilders, principally on residential new-build schemes, including multi-occupancy apartment developments across London and the South East. These client relationships support the company's market position and long-term prospects.

OUTLOOK

The Building Safety Regulator (BSR) gateway process remains a significant constraint on larger projects above 18 metres, with slow decision-making contributing to programme delays. As these projects are a key driver of turnover, we expect a temporary reduction in turnover during the first half of 2026. Subject to continued reform of the BSR process and improvements in approval times and rejection rates, turnover is expected to recover in the second half of 2026.

PRINCIPAL RISKS AND UNCERTAINTIES

The current economic environment continues to place pressure on costs and, at times, the availability of labour. Ongoing cost of living pressures, combined with higher interest rates and reduced government incentives, continue to impact parts of the housing market, creating uncertainty over future trading conditions.

Political and geopolitical instability, both domestically and internationally, has also contributed to increased inflationary pressures and elevated borrowing costs, affecting mortgage affordability and housing demand. Despite these challenges, the company operates in several specialist areas of the housing market that have demonstrated greater resilience than the wider sector, providing a degree of stability and confidence for future trading.

| Colne Valley Electrical (South) Limited (Registered number: 06352336) |

Strategic Report

for the Year Ended 30 November 2025

KEY PERFORMANCE INDICATORS

Financial year |  | 2025 |  | 2024 |

| £ |  | £ |

Turnover |  | 25,490,252 |  | 16,776,374 |

Gross profit |  | 2,866,148 |  | 2,397,850 |

Gross profit rate % |  | 11.24% |  | 14.29% |

Profit before tax |  | 1,197,745 |  | 861,026 |

Shareholder funds |  | 983,339 |  | 938,095 |

ON BEHALF OF THE BOARD:

M R Barber - Director

11 August 2026

| Colne Valley Electrical (South) Limited (Registered number: 06352336) |

Directors' Report

for the Year Ended 30 November 2025

The directors present their report with the financial statements of the company for the year ended 30 November 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of electrical installation contractors.

DIVIDENDS

The total distribution of dividends for the year ended 30 November 2025 was £850,000 (2024: £600,000). The directors do not propose a final dividend.

FUTURE DEVELOPMENTS

Building on its core strength in electrical installation, the company’s expanding design services are paving the way for a fully integrated offering. As the company evolves, this growth will enable it to deliver comprehensive, end-to-end design and installation solutions.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 December 2024 to the date of this report.

A A Ratcliffe

P Brint

C Syron

C B Wheatley

Other changes in directors holding office are as follows:

K T Barber - resigned 5 March 2025

M R Barber - appointed 5 March 2025

FINANCIAL INSTRUMENTS

The company utilises within its operations financial instruments such as cash, trade debtors, trade creditors and leasing arrangements. Working capital is generally financed through retained earnings.

POLITICAL DONATIONS AND EXPENDITURE

No political donations or expenditure were made during the current or prior years.

LIQUIDITY RISK

Liquidity risk is managed by the close daily monitoring of trade payables, trade receivables, amounts recoverable on contracts and bank balances.

INTEREST RATE RISK

The financing of the company's operations is met mainly through retained profits. The directors therefore consider the company's interest rate risk to be low.

CREDIT RISK

The company's credit risk is primarily attributable to amounts recoverable on contracts. This risk is managed by an

effective credit control function which closely monitors amounts outstanding and takes appropriate recovery action

when necessary. Detailed customer due diligence prior to contract acceptance also mitigates the company's credit risk.

| Colne Valley Electrical (South) Limited (Registered number: 06352336) |

Directors' Report

for the Year Ended 30 November 2025

DIRECTORS' RESPONSIBILITIES STATEMENT

The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- | select suitable accounting policies and then apply them consistently;

- | make judgements 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 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.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Knights Lowe Limited, are deemed to be reappointed under section 487(2) of the Companies Act 2006.

ON BEHALF OF THE BOARD:

M R Barber - Director

11 August 2026

Independent Auditors' Report to the Members of

Colne Valley Electrical (South) Limited

Opinion

We have audited the financial statements of Colne Valley Electrical (South) Limited (the 'company') for the year ended 30 November 2025 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity, Statement of Cash Flows and Notes to the Statement of Cash Flows, Notes to the Financial Statements, 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 our opinion the financial statements:

- | give a true and fair view of the state of the company's affairs as at 30 November 2025 and of its profit for the year then ended;

- | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- | have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

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.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Directors' Report, but does not include the financial statements and our Auditors' Report thereon.

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.

In connection with our audit of the financial statements, 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 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.

Opinions on other matters prescribed by the Companies Act 2006

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.

Independent Auditors' Report to the Members of

Colne Valley Electrical (South) Limited

Matters on which we are required to report by exception

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.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

- | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- | the financial statements are not in agreement with the accounting records and returns; or

- | certain disclosures of directors' remuneration specified by law are not made; or

- | we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Directors' Responsibilities Statement set out on page five, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Independent Auditors' Report to the Members of

Colne Valley Electrical (South) Limited

Auditors' responsibilities for the audit of the financial statements

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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates and through discussions with directors and management identified laws and regulations that could reasonably be expected to have a material effect on the financial statements. The outcomes of these discussions were shared with the audit team and consideration given as to where and how fraud may occur in the company.

The laws and regulations considered as being significant to the company included UK company law and financial reporting standards, National Inspection Council for Electrical Installation Contracting Certification, Health and Safety Regulations and ISO 9001 certification.

We undertook audit procedures in response to the potential risks relating to irregularities which include risks of fraud and non-compliance with laws and regulations. These procedures included enquiry of management concerning any actual or potential claims or litigation, review of licences, review and testing of both journal and other entries in the nominal ledger, and review of transactions around the end of the accounting period, together with undertaking analytical procedures to assist in identifying any unexpected amounts and variances within the financial statements that may be an indication of fraud.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements. There are however inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it. The risk of not detecting irregularities resulting from fraud is higher than the risk of not detecting irregularities resulting from an error, as fraud may involve deliberate concealment. There is therefore an unavoidable risk that material misstatements may not be detected, even though the audit has been undertaken in accordance with applicable auditing standards.

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.

Independent Auditors' Report to the Members of

Colne Valley Electrical (South) Limited

Use of our 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.

Michael Mortimer FCA FCCA (Senior Statutory Auditor)

for and on behalf of Knights Lowe Limited

Eldo House

Kempson Way

Suffolk Business Park

Bury St Edmunds

Suffolk

IP32 7AR

11 August 2026

| Colne Valley Electrical (South) Limited (Registered number: 06352336) |

Statement of Comprehensive

Income

for the Year Ended 30 November 2025

| 2025 |  | 2024

| Notes | £ | £ |

TURNOVER | 25,490,252 |  | 16,776,374 |  |

Cost of sales | 22,624,104 |  | 14,378,524 |  |

GROSS PROFIT | 2,866,148 |  | 2,397,850 |  |

Administrative expenses | 1,668,403 |  | 1,538,731 |  |

OPERATING PROFIT | 4 | 1,197,745 |  | 859,119 |  |

Interest receivable and similar income | - |  | 1,907 |  |

PROFIT BEFORE TAXATION | 1,197,745 |  | 861,026 |  |

Tax on profit | 5 | 302,501 |  | 218,504 |  |

PROFIT FOR THE FINANCIAL YEAR | 895,244 |  | 642,522 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 895,244 |  | 642,522 |  |

| Colne Valley Electrical (South) Limited (Registered number: 06352336) |

Statement of Financial Position

30 November 2025

| 2025 |  | 2024

| Notes | £ | £ |

CURRENT ASSETS

Debtors | 7 | 6,968,715 |  | 8,518,528 |  |

Cash at bank | 1,071,831 |  | 543,230 |  |

8,040,546 |  | 9,061,758 |  |

CREDITORS

Amounts falling due within one year | 8 | 7,057,207 |  | 8,123,663 |  |

NET CURRENT ASSETS | 983,339 |  | 938,095 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 983,339 |  | 938,095 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 100 |  | 100 |  |

Retained earnings | 10 | 983,239 |  | 937,995 |  |

SHAREHOLDER FUNDS | 983,339 |  | 938,095 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 11 August 2026 and were signed on its behalf by:

M R Barber - Director

| Colne Valley Electrical (South) Limited (Registered number: 06352336) |

Statement of Changes in Equity

for the Year Ended 30 November 2025

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Balance at 1 December 2023 | 100 |  | 895,473 |  | 895,573 |  |

Changes in equity

Dividends | - |  | (600,000 | ) | (600,000 | ) |

Total comprehensive income | - |  | 642,522 |  | 642,522 |  |

Balance at 30 November 2024 | 100 |  | 937,995 |  | 938,095 |  |

Changes in equity

Dividends | - |  | (850,000 | ) | (850,000 | ) |

Total comprehensive income | - |  | 895,244 |  | 895,244 |  |

Balance at 30 November 2025 | 100 |  | 983,239 |  | 983,339 |  |

| Colne Valley Electrical (South) Limited (Registered number: 06352336) |

Statement of Cash Flows

for the Year Ended 30 November 2025

| 2025 |  | 2024

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 635,571 |  | 280,955 |  |

Tax paid | (179,555 | ) | 89,298 |  |

Net cash from operating activities | 456,016 |  | 370,253 |  |

Cash flows from investing activities

Interest received | - |  | 1,907 |  |

Net cash from investing activities | - |  | 1,907 |  |

Cash flows from financing activities

Net movement in intercompany loans | 922,585 |  | 136,642 |  |

Equity dividends paid | (850,000 | ) | (600,000 | ) |

Net cash from financing activities | 72,585 |  | (463,358 | ) |

Increase/(decrease) in cash and cash equivalents | 528,601 |  | (91,198 | ) |

Cash and cash equivalents at beginning of year | 2 | 543,230 |  | 634,428 |  |

Cash and cash equivalents at end of year | 2 | 1,071,831 |  | 543,230 |  |

| Colne Valley Electrical (South) Limited (Registered number: 06352336) |

Notes to the Statement of Cash Flows

for the Year Ended 30 November 2025

1. | RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

| 2025 |  | 2024

£ | £ |

| Profit before taxation | 1,197,745 |  | 861,026 |  |

| Finance income | - |  | (1,907 | ) |

1,197,745 |  | 859,119 |  |

| Increase in trade and other debtors | (987,004 | ) | (1,124,070 | ) |

| Increase in trade and other creditors | 424,830 |  | 545,906 |  |

| Cash generated from operations | 635,571 |  | 280,955 |  |

2. | CASH AND CASH EQUIVALENTS

| The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

| Year ended 30 November 2025

| 30.11.25 |  | 1.12.24

£ | £ |

| Cash and cash equivalents | 1,071,831 |  | 543,230 |  |

| Year ended 30 November 2024

| 30.11.24 |  | 1.12.23

£ | £ |

| Cash and cash equivalents | 543,230 |  | 634,428 |  |

3. | ANALYSIS OF CHANGES IN NET FUNDS

| At 1.12.24 | Cash flow | At 30.11.25

£ | £ | £ |

| Net cash |

| Cash at bank | 543,230 |  | 528,601 |  | 1,071,831 |  |

543,230 |  | 528,601 |  | 1,071,831 |  |

| Total | 543,230 |  | 528,601 |  | 1,071,831 |  |

| Colne Valley Electrical (South) Limited (Registered number: 06352336) |

Notes to the Financial Statements

for the Year Ended 30 November 2025

1. | STATUTORY INFORMATION

| Colne Valley Electrical (South) 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 (£).

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Going concern

| The financial statements have been prepared on the going concern basis.

| In adopting the going concern basis of accounting, the directors have considered the company's current trading performance and financial position, together with the potential impact of ongoing general economic uncertainty on its operations. The directors have also considered the company's concentration of turnover among a number of principal customers, the challenging trading conditions affecting those customers, and the potential impact this could have on future trading and cash flows. The assessment included consideration of the company's order book, customer relationships and other mitigating factors available to the directors.

| Based on this assessment, the directors have concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from the date of approval of the financial statements.

| Accordingly, the directors consider it appropriate to prepare the financial statements on the going concern basis.

| Significant judgements and estimates

| In preparing these financial statements the directors have made the following significant judgements and estimates:-

| Amounts recoverable on contracts

| In determining the carrying value of amounts recoverable on contracts, the directors regularly review each contract using their experience and detailed contract data in order to determine whether any amounts are considered irrecoverable. Such amounts are written off as identified.

| Turnover

| Turnover represents the fair value of services provided under contracts with customers to the extent that there is a right to consideration. Services which have been measured yet not invoiced at the Statement of Financial Position date are included as amounts recoverable on contracts. Contract amounts considered irrecoverable are written off as identified. Retention monies are included in turnover only to the extent that there is no significant uncertainty surrounding their collection.

| Colne Valley Electrical (South) Limited (Registered number: 06352336) |

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, bank facilities and loans with related parties.

| Debt instruments that are payable or receivable within one year, such as trade payables or receivables, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Debt instruments that are repayable or receivable after one year are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method.

| Financial assets that are measured at cost and amortised cost are assessed at the end of each financial year for evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the Income Statement.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

| Rentals paid under operating leases are charged to profit and loss on a straight line basis over the period of the lease.

| Colne Valley Electrical (South) Limited (Registered number: 06352336) |

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

3. | EMPLOYEES AND DIRECTORS

| Labour is provided by employees of the company's fellow subsidiary, Colne Valley Electrical (North) Limited, who recharges the company accordingly. The total amount charged to the company during the year was £2,906,047 (2024: £2,493,219).

| Total directors' remuneration paid by Colne Valley Electrical (North) Limited on behalf of Colne Valley Electrical (South) Limited is detailed below.

|  | 2025 |  |  | 2024 |

| The average number of directors during the year was as follows: |  | 4 |  |  | 4 |

|  | £ |  |  | £ |

| Directors' remuneration |  | 363,632 |  |  | 390,280 |

| Directors' pension contributions to money purchase schemes |  | 46,656 |  |  | 16,575 |

| The number of directors to whom retirement benefits were accruing was as follows: |  |

| Money purchase schemes |  | 3 |  |  | 4 |

| Remuneration disclosed above includes the following amounts paid to the highest paid director: |  |

|  | £ |  |  | £ |

| Remuneration for qualifying services |  | 115,720 |  |  | 121,330 |

| Company pension contributions to money purchase schemes |  | - |  |  | 3,046 |

4. | OPERATING PROFIT

| The audit fee of £10,500 (2024: £10,000) for the audit of these financial statements was paid by the parent company. No separate charge has been made to the company for this service.

5. | TAXATION

| Analysis of the tax charge

| The tax charge on the profit for the year was as follows:

| 2025 |  | 2024

£ | £ |

| Current tax:

| UK corporation tax | 302,501 |  | 218,504 |  |

| Tax on profit | 302,501 |  | 218,504 |  |

| UK corporation tax has been charged at 25% (2024 - 25%).

| Colne Valley Electrical (South) Limited (Registered number: 06352336) |

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

5. | TAXATION - continued

| Reconciliation of total tax charge included in profit and loss

| The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

| 2025 |  | 2024

£ | £ |

| Profit before tax | 1,197,745 |  | 861,026 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | 299,436 |  | 215,257 |  |

| Effects of:

| Expenses not deductible for tax purposes | 3,065 |  | 3,247 |  |

| Total tax charge | 302,501 |  | 218,504 |  |

| In 2024 group relief was claimed and part the tax charge represented payment to a fellow subsidiary for surrendered tax losses.

6. | DIVIDENDS

| 2025 |  | 2024

£ | £ |

| Ordinary shares of 1 each

| Interim | 850,000 |  | 600,000 |  |

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 4,865,865 |  | 3,169,304 |  |

| Amounts owed by group undertakings | 1,177,414 |  | 3,714,231 |  |

| Amounts recoverable on

| contracts | 662,205 |  | 1,436,928 |  |

| VAT | 255,314 |  | 191,261 |  |

| Prepayments | 7,917 |  | 6,804 |  |

6,968,715 |  | 8,518,528 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 3,500,280 |  | 3,407,650 |  |

| Amounts owed to group undertakings | 2,734,682 |  | 4,348,914 |  |

| Corporation tax | 302,500 |  | 179,554 |  |

| Social security and other taxes | 106,175 |  | 75,699 |  |

| Other creditors | 114,072 |  | - |  |

| Accruals | 299,498 |  | 111,846 |  |

7,057,207 |  | 8,123,663 |  |

| Colne Valley Electrical (South) Limited (Registered number: 06352336) |

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 100 | Ordinary | 1 | 100 |  | 100 |  |

10. | RESERVES

| Retained

| earnings

£ |

| At 1 December 2024 | 937,995 |  |

| Profit for the year | 895,244 |  |

| Dividends | (850,000 | ) |

| At 30 November 2025 | 983,239 |  |

11. | CONTINGENT LIABILITIES

| The company has provided an unlimited intercompany bank guarantee. The directors consider that the likelihood of any outflow under this arrangement is remote, and accordingly no provision has been made in these financial statements.

12. | RELATED PARTY DISCLOSURES

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| The following intercompany loans are interest free and repayable on demand.

| As at 30 November 2025 £2,734,682 (2024: £4,348,914) was owed to Colne Valley Electrical Limited by the company.

| As at 30 November 2025 £1,177,414 (2024: £3,714,231) was owed to the company by Colne Valley Mechanical Limited.

| The company's immediate parent undertaking is Colne Valley Electrical Limited whose registered office is at 5 Grange Way, Colchester, Essex, CO2 8HG.

| The ultimate controlling party which prepares group financial statements is Colne Valley Group Holdings Ltd whose registered office is at 5 Grange Way, Colchester, Essex, CO2 8HG.