Elex Electrical (South West) Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 14642187

		2026		2025
	Notes	£	£	£	£
CURRENT ASSETS
Stocks	4	3,000		3,000
Debtors	5	51,082		5,135
Cash at bank and in hand		5,231		7,772

		59,313		15,907
Creditors: Amounts Falling Due Within One Year	6	(51,804 )		(16,052 )

NET CURRENT ASSETS (LIABILITIES)			7,509		(145 )

TOTAL ASSETS LESS CURRENT LIABILITIES			7,509		(145 )

NET ASSETS/(LIABILITIES)			7,509		(145 )

CAPITAL AND RESERVES
Called up share capital	7		10		10
Profit and Loss Account			7,499		(155 )

SHAREHOLDERS' FUNDS			7,509		(145)

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Elex Electrical (South West) Ltd

Balance Sheet (continued)

As At 31 March 2026

For the 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.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr A Newberry

Director

11th September 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Elex Electrical (South West) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14642187 . The registered office is 40 St James Buildings, St James Street, Taunton, Somerset, TA1 1JR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.4. Financial Instruments

The company holds the following financial instruments:

Short term trade and other debtors and creditors;

Cash and bank balances.

All financial instruments are classified as basic.

Recognition and measurement

The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecgonised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled.

...CONTINUED

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Elex Electrical (South West) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.4. Financial Instruments - continued

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2025: 1)

4. Stocks

	2026	2025
	£	£
Stock	3,000	3,000

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	50,106	4,900
Other debtors	976	-
Director's loan account	-	235

	51,082	5,135

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Elex Electrical (South West) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	37,726	7,820
Corporation tax	7,657	5,563
VAT	5,076	1,529
Accruals and deferred income	1,280	1,140
Director's loan account	65	-

	51,804	16,052

7. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	10	10

During the period, 10 ordinary shares of £1 were allotted for an aggregate consideration of £10

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