REGISTERED NUMBER: 06767535 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

NEIL FARR ELECTRICAL LIMITED

Page

Company Information

1

Statement of Income and Retained Earnings

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

N A Farr

REGISTERED OFFICE:

43 Merstow Geen

Evesham

Worcestershire

WR11 4BB

REGISTERED NUMBER:

06767535 (England and Wales)

ACCOUNTANTS:

G C Accountancy Limited

43 Merstow Green

Evesham

Worcestershire

WR11 4BB

TURNOVER

137,016

146,579

Cost of sales

69,195

80,205

GROSS PROFIT

67,821

66,374

Administrative expenses

31,477

34,258

OPERATING PROFIT

4

36,344

32,116

Interest receivable and similar income

-

3

36,344

32,119

Interest payable and similar expenses

1,204

1,636

PROFIT BEFORE TAXATION

35,140

30,483

Tax on profit

7,122

6,426

PROFIT FOR THE FINANCIAL YEAR

28,018

24,057

Retained earnings at beginning of year

34,911

53,854

Dividends

(21,000

)

(43,000

)

RETAINED EARNINGS AT END OF YEAR

41,929

34,911

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

23,626

28,641

23,626

28,641

CURRENT ASSETS

Debtors

7

12,311

8,371

Cash at bank

33,106

28,011

45,417

36,382

CREDITORS

Amounts falling due within one year

8

21,833

21,107

NET CURRENT ASSETS

23,584

15,275

TOTAL ASSETS LESS CURRENT LIABILITIES

47,210

43,916

CREDITORS

Amounts falling due after more than one year

9

5,261

8,985

NET ASSETS

41,949

34,931

CAPITAL AND RESERVES

Called up share capital

20

20

Retained earnings

41,929

34,911

SHAREHOLDERS' FUNDS

41,949

34,931

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.

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

N A Farr - Director

1.	STATUTORY INFORMATION

Neil Farr Electrical 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

33% on reducing balance

Computer equipment

-

25% on reducing balance

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 1 ).

4.	OPERATING PROFIT

The operating profit is stated after charging:

2025

2024

£

£

Depreciation - owned assets

184

188

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

10,000

AMORTISATION

At 1 January 2025

and 31 December 2025

10,000

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

6.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2025

2,163

42,053

2,513

46,729

Additions

-

-

374

374

At 31 December 2025

2,163

42,053

2,887

47,103

DEPRECIATION

At 1 January 2025

1,987

14,291

1,810

18,088

Charge for year

35

5,205

149

5,389

At 31 December 2025

2,022

19,496

1,959

23,477

NET BOOK VALUE

At 31 December 2025

141

22,557

928

23,626

At 31 December 2024

176

27,762

703

28,641

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2025

and 31 December 2025

42,053

DEPRECIATION

At 1 January 2025

14,291

Charge for year

5,205

At 31 December 2025

19,496

NET BOOK VALUE

At 31 December 2025

22,557

At 31 December 2024

27,762

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

12,311

8,371

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

3,724

3,292

Trade creditors

6,548

8,600

Corporation tax

7,122

6,426

VAT

2,668

1,273

Directors' current accounts

367

217

Accrued expenses

1,404

1,299

21,833

21,107

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

5,261

8,985