REGISTERED NUMBER: 01301324 (England and Wales)

Willert Electrical Limited

Unaudited Financial Statements for the Year Ended 31 March 2026

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Directors:

D A Willert

A F Willert

Secretary:

D A Willert

Registered office:

Christ Church Square

Whapload Road

Lowestoft

Suffolk

NR32 1XD

Registered number:

01301324 (England and Wales)

Accountants:

Fairhead Bradford

5 Queen Street

Great Yarmouth

Norfolk

NR30 2QP

Fixed assets

Tangible assets

4

97,586

110,971

Current assets

Stocks

121,390

61,390

Debtors

5

120,730

127,022

Cash at bank and in hand

1,213

29,763

243,333

218,175

Creditors

Amounts falling due within one year

6

161,838

133,878

Net current assets

81,495

84,297

Total assets less current liabilities

179,081

195,268

Creditors

Amounts falling due after more than one year

7

(12,606

)

(17,215

)

Provisions for liabilities

(11,299

)

(14,631

)

Accruals and deferred income

(165,466

)

(173,765

)

Net liabilities

(10,290

)

(10,343

)

Capital and reserves

Called up share capital

102

102

Retained earnings

(10,392

)

(10,445

)

(10,290

)

(10,343

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 July 2026 and were signed on its behalf by:

D A Willert - Director

1.	Statutory information

Willert Electrical 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" 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 and revenue recognition

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

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of VAT.

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.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on cost

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

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 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

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 profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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.

3.	Employees and directors

The average number of employees during the year was 14 (2025 - 14 ) .

4.	Tangible fixed assets

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

Cost

At 1 April 2025

and 31 March 2026

50,869

39,414

51,813

Depreciation

At 1 April 2025

-

30,400

44,424

Charge for year

-

1,352

1,108

At 31 March 2026

-

31,752

45,532

Net book value

At 31 March 2026

50,869

7,662

6,281

At 31 March 2025

50,869

9,014

7,389

Motor

Computer

vehicles

equipment

Totals

£

£

£

Cost

At 1 April 2025

and 31 March 2026

135,381

6,337

283,814

Depreciation

At 1 April 2025

91,682

6,337

172,843

Charge for year

10,925

-

13,385

At 31 March 2026

102,607

6,337

186,228

Net book value

At 31 March 2026

32,774

-

97,586

At 31 March 2025

43,699

-

110,971

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

Cost

At 1 April 2025

and 31 March 2026

38,995

Depreciation

At 1 April 2025

15,605

Charge for year

5,847

At 31 March 2026

21,452

Net book value

At 31 March 2026

17,543

At 31 March 2025

23,390

5.

Debtors

31/3/26

31/3/25

£

£

Amounts falling due within one year:

Trade debtors

102,497

116,191

Other debtors

14,030

10,161

116,527

126,352

Amounts falling due after more than one year:

Other debtors

4,203

670

Aggregate amounts

120,730

127,022

6.

Creditors: amounts falling due within one year

31/3/26

31/3/25

£

£

Bank loans and overdrafts

3,741

-

Hire purchase contracts

4,610

5,729

Trade creditors

42,512

33,272

Taxation and social security

80,483

53,958

Other creditors

30,492

40,919

161,838

133,878

7.

Creditors: amounts falling due after more than one year

31/3/26

31/3/25

£

£

Hire purchase contracts

12,606

17,215

8.	Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the year ended 31 March 2026 and the period ended 31 March 2025:

31/3/26

31/3/25

£

£

D A Willert

Balance outstanding at start of year

1,983

(2,861

)

Amounts advanced

10,781

5,000

Amounts repaid

(312

)

(156

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

12,452

1,983