REGISTERED NUMBER: 08515261 (England and Wales)

Neil Wilson Electrical Contractors

Limited

Unaudited Financial Statements

for the Year Ended 31st March 2026

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

Director:

N Wilson

Registered office:

9 Eildon View

Tweedmouth

Berwick Upon Tweed

Northumberland

TD15 2FQ

Registered number:

08515261 (England and Wales)

Accountants:

Rennie Welch LLP

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Fixed assets

Tangible assets

4

33,854

21,438

Current assets

Stocks

4,416

3,876

Debtors

5

45,864

39,187

Cash at bank

92,069

67,785

142,349

110,848

Creditors

Amounts falling due within one year

6

43,209

37,289

Net current assets

99,140

73,559

Total assets less current liabilities

132,994

94,997

Provisions for liabilities

7,373

4,878

Net assets

125,621

90,119

Capital and reserves

Called up share capital

100

100

Retained earnings

125,521

90,019

Shareholders' funds

125,621

90,119

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2026 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17th July 2026 and were signed by:

N Wilson - Director

1.	Statutory information

Neil Wilson Electrical Contractors 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 have been prepared under the historical cost convention.

Turnover

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

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Stocks

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

Cost includes all direct expenditure and appropriate proportion of fixed and variable overheads. Net realisable value is based on estimated selling prices less further costs expected to be incurred in bringing the stock to completion.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, accruals, bank loans and director's loan.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Director's loan (being repayable on demand), trade debtors, trade creditors and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Going concern

The director has considered the company's financial position for a minimum period of 12 months and beyond where reasonable and appropriate from the date of signing these financial statements and has an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, he continues to adopt the going concern basis in preparing these financial statements.

Employee benefits

Short term employee benefits, including holiday pay are recognised as an expenses in the Statement of Income and Retained Earnings in the period in which they are incurred.

3.	Employees and directors

The average number of employees during the year was 6 (2025 - 6 ) .

4.	Tangible fixed assets

Plant and

Motor

Office

machinery

vehicles

equipment

Totals

£

£

£

£

Cost

At 1st April 2025

2,131

53,275

3,792

59,198

Additions

-

22,572

1,000

23,572

At 31st March 2026

2,131

75,847

4,792

82,770

Depreciation

At 1st April 2025

1,653

32,315

3,792

37,760

Charge for year

72

10,883

201

11,156

At 31st March 2026

1,725

43,198

3,993

48,916

Net book value

At 31st March 2026

406

32,649

799

33,854

At 31st March 2025

478

20,960

-

21,438

5.

Debtors: amounts falling due within one year

2026

2025

£

£

Trade debtors

33,824

31,166

Other debtors

12,040

8,021

45,864

39,187

6.

Creditors: amounts falling due within one year

2026

2025

£

£

Bank loans and overdrafts

-

2,551

Trade creditors

17,286

9,174

Taxation and social security

24,473

24,114

Other creditors

1,450

1,450

43,209

37,289

7.	Director's advances, credits and guarantees

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

2026

2025

£

£

Director 1

Balance outstanding at start of year

4,055

-

Amounts advanced

10,791

4,055

Amounts repaid

(4,055

)

-

Balance outstanding at end of year

10,791

4,055

This loan is unsecured, interest has been charged at the official rates published by HMRC and it is repayable on demand.

8.	Post balance sheet events

Since the year end, on 13th April 2026 a dividend of £475 per share has been declared and paid.