TP Electrical Contractors (SW) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07437543 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31 December 2025

for

TP Electrical Contractors (SW) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A Hunston

SECRETARY:

Mrs S D Hunston

REGISTERED OFFICE:

Harscombe House

1 Darklake View

Estover

Plymouth

Devon

PL6 7TL

BUSINESS ADDRESS:

Unit 4 Reynolds Park

8 Bell Close

Newnham Industrial Estate

Plymouth

Devon

PL7 4FE

REGISTERED NUMBER:

07437543 (England and Wales)

ACCOUNTANTS:

TC Bromhead Limited

Harscombe House

1 Darklake View

Plymouth

Devon

PL6 7TL

FIXED ASSETS

Tangible assets

4

160,565

164,619

CURRENT ASSETS

Stocks

607

7,287

Debtors

5

123,450

150,674

Cash at bank and in hand

32,508

107,451

156,565

265,412

CREDITORS

Amounts falling due within one year

6

198,601

318,946

NET CURRENT LIABILITIES

(42,036

)

(53,534

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

118,529

111,085

CREDITORS

Amounts falling due after more than one
year

7

(44,517

)

(60,468

)

PROVISIONS FOR LIABILITIES

(15,221

)

(15,530

)

NET ASSETS

58,791

35,087

CAPITAL AND RESERVES

Called up share capital

100

Revaluation reserve

8

65,400

Retained earnings

(6,709

)

(30,413

)

SHAREHOLDERS' FUNDS

58,791

35,087

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 27 August 2026 and were signed by:

A Hunston - Director

1.	STATUTORY INFORMATION

TP Electrical Contractors (SW) 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.

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 are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties . The principal accounting policies adopted are set out below.

Turnover

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

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Freehold 50 years straight line

Fixtures, fittings & equipment 20% reducing balance

Motor vehicles 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 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 10 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 January 2025

175,000

39,220

214,220

Additions

-

1,749

Disposals

-

(23,535

)

(23,535

)

At 31 December 2025

175,000

17,434

192,434

DEPRECIATION

At 1 January 2025

17,500

32,101

49,601

Charge for year

3,500

1,590

5,090

Eliminated on disposal

-

(22,822

)

(22,822

)

At 31 December 2025

21,000

10,869

31,869

NET BOOK VALUE

At 31 December 2025

154,000

6,565

160,565

At 31 December 2024

157,500

7,119

164,619

Freehold land and buildings were purchased in August 2014 & was included at the cost of £120,000. The asset was revalued on 5 December 2019 to £175,000 by independent valuers not connected with the company on the basis of market value. The valuation was based on recent market transactions on arm's length terms for similar properties. Depreciation is being calculated based on the new revalued amount over the asset's useful life.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade debtors

109,828

150,674

Other debtors

13,622

-

123,450

150,674

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Bank loans and overdrafts

30,505

100,661

Trade creditors

30,537

58,614

Taxation and social security

134,569

156,856

Other creditors

2,990

2,815

198,601

318,946

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

Bank loans

44,517

60,468

8.

RESERVES

Revaluation

reserve

£

At 1 January 2025

and 31 December 2025

65,400

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

31.12.25

31.12.24

£

A Hunston

Balance outstanding at start of year

(215

)

-

Amounts advanced

170,455

-

Amounts repaid

(166,934

)

(215

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

3,306

(215

)

Where applicable the loan has been charged interest in line with the HMRC official rate ( from 1 January 2025 to 5 April 2025 2.25%, from 6 April 2025 onwards 3.75%) and the loan is repayable on demand.