Swell Electrical Ltd - Filleted accounts

Registered number

12345377

Swell Electrical Ltd

Filleted Accounts

31 December 2025

Swell Electrical Ltd
Registered number:		12345377
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		30,325			40,100

Current assets
Debtors	4	4,615			2,582
Cash at bank and in hand		5,017			4,738
		9,632			7,320

Creditors: amounts falling due within one year	5	(34,947)			(40,080)

Net current liabilities			(25,315)			(32,760)

Net assets			5,010			7,340

Capital and reserves
Called up share capital			4			4
Profit and loss account			5,006			7,336

Shareholders' funds			5,010			7,340

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.






S R Horn
Director
Approved by the board on 25 August 2026

Swell Electrical Ltd
Notes to the Accounts
for the year ended 31 December 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings, tools and equipment	25% reducing balance basis
	Plant and machinery	25% reducing balance basis
	Vehicles	25% reducing balance basis

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			2		3


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 January 2025	6,423		54,660		61,083
	Additions	308		-		308
	At 31 December 2025	6,731		54,660		61,391

	Depreciation
	At 1 January 2025	3,252		17,731		20,983
	Charge for the year	851		9,232		10,083
	At 31 December 2025	4,103		26,963		31,066

	Net book value
	At 31 December 2025	2,628		27,697		30,325
	At 31 December 2024	3,171		36,929		40,100


4	Debtors			2025		2024
£					£

	Trade debtors			4,145		2,582
	Other debtors			470		-
				4,615		2,582


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			1,824		1,344
	Taxation and social security costs			3,401		2,426
	Other creditors			29,722		36,310
				34,947		40,080


6	Other information

	Swell Electrical Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	River Bank House
	65A Bishopstoke Road
	Eastleigh
	Hampshire
	SO50 6BF