REGISTERED NUMBER: NI601380 (Northern Ireland)

KJM ELECTRICAL LTD

Unaudited Financial Statements

for the Year Ended 30 November 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Directors:

Kenneth McMullan

Paul Murnin

Registered office:

10 Inovation House Down Business Centre

46 Belfast Road

Downpatrick

Co. Down

BT30 9UP

Registered number:

NI601380 (Northern Ireland)

Accountants:

Cooper Parry Advisory Limited

Unit 7, Dyehouse

Linen Green

Dungannon

BT71 7HB

Fixed assets

Intangible assets

5

42,459

50,950

Property, plant & equipment

6

236,228

269,024

278,687

319,974

Current assets

Inventories

19,552

50,957

Debtors: amounts falling due within one year

7

1,337,739

1,284,687

Cash at bank

62,800

67,401

1,420,091

1,403,045

Creditors

Amounts falling due within one year

8

584,707

686,201

Net current assets

835,384

716,844

Total assets less current liabilities

1,114,071

1,036,818

Creditors

Amounts falling due after more than one year

9

(32,336

)

(101,400

)

Provisions for liabilities

(51,365

)

(44,894

)

Net assets

1,030,370

890,524

Capital and reserves

Called up share capital

1,083

1,083

Capital redemption reserve

(325

)

(325

)

Retained earnings

1,029,612

889,766

Shareholders' funds

1,030,370

890,524

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 November 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2026 and were signed on its behalf by:

Kenneth McMullan - Director

1.	Statutory information

KJM Electrical Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The Financial Statements are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

The accounting policies detailed below have been applied consistently throughout the year.

Revenue

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Statement of Financial Position and amortised on a straight line basis over its economic useful life of 20 years, which is estimated to be the period during which benefits are expected to arise. On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Property, plant and equipment

Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. Cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:

Plant & machinery

- 15% reducing balance

Fixtures & fittings

- 25% reducing balance

Motor vehicles

- 25% reducing balance

The carrying values of property, plant and equipment are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Inventories

Inventories are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing inventories to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

Taxation

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

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Hire purchase and leasing commitments

Property, plant and equipment held under leasing and hire purchase arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Statement of Financial Position at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Income Statement.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Cash flow statement

The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

Finance costs

Finance costs are charged to the Income Statement over the term of the debt.

Cash and cash equivalents

Cash and cash equivalents includes cash in hand and deposits held at call with banks and bank overdrafts. Bank overdrafts are shown within current liabilities.

Government grants

Capital grants received and receivable are treated as deferred income and amortised to the Income Statement annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Income Statement when received.

Share capital

Ordinary Shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares are shown in equity as a deduction, net of tax, from the proceeds.

4.	Employees and directors

The average number of employees during the year was 23 (2024 - 26 ) .

5.	Intangible fixed assets

Goodwill

£

Cost

At 1 December 2024

and 30 November 2025

169,828

Amortisation

At 1 December 2024

118,878

Amortisation for year

8,491

At 30 November 2025

127,369

Net book value

At 30 November 2025

42,459

At 30 November 2024

50,950

6.	Property, plant & equipment

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

Cost

At 1 December 2024

444,297

31,132

250,840

726,269

Additions

11,500

2,487

-

13,987

At 30 November 2025

455,797

33,619

250,840

740,256

Depreciation

At 1 December 2024

230,702

27,953

198,590

457,245

Charge for year

32,451

1,269

13,063

46,783

At 30 November 2025

263,153

29,222

211,653

504,028

Net book value

At 30 November 2025

192,644

4,397

39,187

236,228

At 30 November 2024

213,595

3,179

52,250

269,024

7.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade receivables

302,722

356,897

Amounts owed by group undertakings

706,314

664,773

Other receivables

328,703

263,017

1,337,739

1,284,687

8.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans & overdrafts

78,736

77,872

Hire purchase contracts

38,628

51,594

Trade creditors

16,029

101,436

Taxation & social security

185,710

155,252

Other creditors

265,604

300,047

584,707

686,201

Bank loans, overdrafts and hire purchase liabilities are secured by a charge over the company assets. The director has provided a personal guarantee of £40,000 in respect of the company's bank borrowings.

9.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank loans

-

28,970

Hire purchase contracts

32,336

72,430

32,336

101,400

10.	Directors' advances, credits and guarantees

At 30 November 2025 the amount owed to the company by the director was £328,703 (2024: £263,018)

11.	Related party disclosures

12.	Parent company