Registration number: NI607747

Knox Electrical Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 9

Knox Electrical Limited

(Registration number: NI607747)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	5	3,944	557
Other financial assets	6	-	115,824
		3,944	116,381
Current assets
Stocks	7	73,198	60,250
Debtors	8	456,491	418,126
Cash at bank and in hand		105,960	102,318
		635,649	580,694
Creditors: Amounts falling due within one year	9	(343,740)	(273,351)
Net current assets		291,909	307,343
Total assets less current liabilities		295,853	423,724
Provisions for liabilities		(986)	(139)
Net assets		294,867	423,585
Capital and reserves
Called up share capital	10	4	4
Retained earnings		294,863	423,581
Shareholders' funds		294,867	423,585

Knox Electrical Limited

(Registration number: NI607747)
Balance Sheet as at 31 March 2026

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 August 2026 and signed on its behalf by:
 

......................................... Samuel Knox Company secretary and director

......................................... Ryan Knox Director

Knox Electrical Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
51-53 Thomas Street
Ballymena
Co. Antrim
BT43 6AZ
Northern Ireland

The principal place of business is:
10A Buckna Road
Broughshane
BALLYMENA
County Antrim
BT42 4NJ

These financial statements were authorised for issue by the Board on 7 August 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Knox Electrical Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Government grants

Government grants relating to revenue are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. Any grant which becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the company with no future related costs shall be recognised in income in the period in which it becomes receivable.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% straight line basis
Fixtures and fittings	20% straight line basis

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Knox Electrical Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Asset class	Amortisation method and rate
Goodwill	10% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Knox Electrical Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 25 (2025 - 22).

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2025	150,000	150,000
At 31 March 2026	150,000	150,000
Amortisation
At 1 April 2025	150,000	150,000
At 31 March 2026	150,000	150,000
Carrying amount
At 31 March 2026	-	-

Knox Electrical Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

5	Tangible assets

	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
At 1 April 2025	10,730	140,139	150,869
Additions	-	4,929	4,929
Disposals	-	(34,593)	(34,593)
At 31 March 2026	10,730	110,475	121,205
Depreciation
At 1 April 2025	10,730	139,582	150,312
Charge for the year	-	1,542	1,542
Eliminated on disposal	-	(34,593)	(34,593)
At 31 March 2026	10,730	106,531	117,261
Carrying amount
At 31 March 2026	-	3,944	3,944
At 31 March 2025	-	557	557

6	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Total £
Non-current financial assets
Cost or valuation
At 1 April 2025	115,824	115,824
Fair value adjustments	7,046	7,046
Disposals	(122,870)	(122,870)
At 31 March 2026	-	-
Carrying amount
At 31 March 2026	-	-

Knox Electrical Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

7

Stocks

	2026 £	2025 £
Work in progress	73,198	60,250

8

Debtors

Current	Note	2026 £	2025 £
Trade debtors		450,151	411,649
Amounts owed by related parties	11	909	654
Prepayments		5,431	5,823
		456,491	418,126

9

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Trade creditors	40,754	31,451
Taxation and social security	280,623	221,644
Accruals and deferred income	3,850	3,550
Other creditors	18,513	16,706
	343,740	273,351

10	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary shares of £1 each	4	4	4	4

Knox Electrical Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

11	Related party transactions

Summary of transactions with parent

Hire of plant & machinery

Expenditure with and payables to related parties

2026	Parent £
Hire of plant and machinery	99,600
Amounts payable to related party	33,480

2025	Parent £
Hire of plant and machinery	75,600
Amounts payable to related party	15,120

Loans to related parties

2026	Parent £	Total £
At start of period	654	654
Advanced	814,255	814,255
Repaid	(814,000)	(814,000)
At end of period	909	909

2025	Parent £	Total £
At start of period	616	616
Advanced	350,038	350,038
Repaid	(350,000)	(350,000)
At end of period	654	654