Finic Electrical Services Ltd

	Page
Company Information	1
Director's Report	2
Profit and Loss Account	3
Balance Sheet	4—5
Statement of Changes in Equity	6
Notes to the Financial Statements	7—11

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Company No. 06823809

Director's Report For The Year Ended 30 June 2026

Director's Report

The director presents his report and the financial statements for the year ended 30 June 2026.

Principal Activity

The company's principal activity continues to be that of Industrial and Commercial Electrical Contractors.

Directors

The director who held office during the year were as follows:

Mr David Pearce

Statement of Director's Responsibilities

The director is responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the director is required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Small Company Rules

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

On behalf of the board

Mr David Pearce

Director

14th September 2026

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Finic Electrical Services Ltd

Profit and Loss Account

For The Year Ended 30 June 2026

Profit and Loss Account

		2026	2025
	Notes	£	£
TURNOVER		219,574	180,491
Cost of sales		(138,921 )	(132,454 )

GROSS PROFIT		80,653	48,037

Administrative expenses		(6,446 )	(8,428 )

OPERATING PROFIT	3	74,207	39,609
Other interest receivable and similar income		78	85

PROFIT BEFORE TAXATION		74,285	39,694
Tax on Profit	7	(16,133 )	(7,542 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR		58,152	32,152

The notes on pages 7 to 11 form part of these financial statements.

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Finic Electrical Services Ltd

Balance Sheet

As At 30 June 2026

Balance Sheet

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	8		2,347		3,215

			2,347		3,215
CURRENT ASSETS
Stocks	9	980		1,020
Debtors	10	45,977		29,554
Cash at bank and in hand		37,764		35,188

		84,721		65,762
Creditors: Amounts Falling Due Within One Year	11	(53,314 )		(36,192 )

NET CURRENT ASSETS (LIABILITIES)			31,407		29,570

TOTAL ASSETS LESS CURRENT LIABILITIES			33,754		32,785

PROVISIONS FOR LIABILITIES
Deferred Taxation	12		(595 )		(627 )

NET ASSETS			33,159		32,158

CAPITAL AND RESERVES
Called up share capital	13		5		5
Profit and Loss Account			33,154		32,153

SHAREHOLDERS' FUNDS			33,159		32,158

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Finic Electrical Services Ltd

Balance Sheet (continued)

As At 30 June 2026

For the year ending 30 June 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have 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 in accordance with the provisions applicable to companies subject to the small companies regime.

On behalf of the board

Mr David Pearce

Director

14th September 2026

The notes on pages 7 to 11 form part of these financial statements.

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Finic Electrical Services Ltd

Statement of Changes in Equity

For The Year Ended 30 June 2026

Statement of Changes in Equity

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 July 2024	5	39,487	39,492
Profit for the year and total comprehensive income	-	32,152	32,152

Dividends paid	-	(39,486)	(39,486)
Purchase of own shares	-	-	-

As at 30 June 2025 and 1 July 2025	5	32,153	32,158


Profit for the year and total comprehensive income	-	58,152	58,152

Dividends paid	-	(57,151)	(57,151)
Purchase of own shares	-	-	-

As at 30 June 2026	5	33,154	33,159

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Finic Electrical Services Ltd

Notes to the Financial Statements

For The Year Ended 30 June 2026

Notes to the Financial Statements

1. General Information

Finic Electrical Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06823809 . The registered office is Chapel Barn, Shop, Bude, Cornwall, EX23 9SQ.

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. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. 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.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25%
Motor Vehicles	25%
Computer Equipment	25%

2.5. 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.

2.6. 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 year 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.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Finic Electrical Services Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2026

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

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.

2.7. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Operating Profit

The operating profit is stated after charging:

	2026	2025
	£	£
Bad debts	1	-
Depreciation of tangible fixed assets	867	1,071

4. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2026	2025
	£	£
Wages and salaries	76,424	77,074
Social security costs	9,637	7,653
Other pension costs	1,619	1,598

	87,680	86,325

5. Average Number of Employees

Average number of employees, including directors, during the year was:

	2026	2025
Office and administration	2	2
Manufacturing	2	2

	4	4

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Finic Electrical Services Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2026

6. Director's remuneration

	2026		2025
	£		£

Information regarding the highest paid director is as follows:

	2026	2025
	£	£
Emoluments	3,770	-

	3,770	-

7. Tax on Profit

	Tax Rate		2026	2025
	2026	2025	£	£
Current tax
UK Corporation Tax	25.0%	19.0%	16,165	7,745
Deferred Tax
Deferred taxation			(32 )	(203 )


Total tax charge for the period			16,133	7,542

	2026	2025
	£	£
Profit before tax	74,285	39,694

Breakdown of tax charge is:
Tax on profit at 22.7% (UK standard rate)	16,133	7,542
Goodwill/depreciation not allowed for tax	104	203
Short term timing differences	(104 )	(203 )

Total tax charge for the period	16,133	7,542

8. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 July 2025	12,405	36,390	5,657	54,452

As at 30 June 2026	12,405	36,390	5,657	54,452

Depreciation
As at 1 July 2025	12,008	34,701	4,528	51,237
Provided during the period	133	453	282	868

As at 30 June 2026	12,141	35,154	4,810	52,105

...CONTINUED

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Finic Electrical Services Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2026

Net Book Value
As at 30 June 2026	264	1,236	847	2,347

As at 1 July 2025	397	1,689	1,129	3,215

9. Stocks

	2026	2025
	£	£
Materials	980	1,020

10. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	46,093	28,469
Prepayments and accrued income	(116 )	1,085

	45,977	29,554

11. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	7,361	1,801
Bank loans and overdrafts	7,942	8,605
Corporation tax	16,165	7,745
Social security PAYE (Current liabilities - creditors < 1 year)	2,686	798
VAT (Current liabilities - creditors < 1 year)	14,455	8,982
Social security NI (Current liabilities - creditors < 1 year)	-	1,040
Workplace Pension Scheme Current Liability	334	304
Sales Tax Conrol Account (Current liabilities - creditors < 1 year)	4,371	6,917

	53,314	36,192

12. Deferred Taxation

The provision for deferred tax is made up as follows:

	2026	2025
	£	£
Other timing differences	595	627

13. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	5	5

14. Directors Advances, Credits and Guarantees

Dividends paid to directors

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Finic Electrical Services Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2026

	2026	2025
	£	£
Mr David Pearce	16,573	11,450

15. Dividends

	2026	2025
	£	£
On equity shares:
Interim dividend paid	57,151	39,486

16. Controlling Party

The company's controlling party is David Pearce by virtue of having ownership of the majority of the issued share capital in the company and more than 25% of the voting rights.

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Director	Mr David Pearce

Secretary	Mrs Susan Pearce

Company Number	06823809

Registered Office	Chapel Barn
	Shop
	Bude
	Cornwall
	EX23 9SQ