IPH ELECTRICAL LIMITED - Filleted accounts

IPH ELECTRICAL LIMITED
Registered number:		08965592
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Intangible assets	3		-			1,600
Tangible assets	4		26,442			36,310
			26,442			37,910

Current assets
Stocks		39,601			(25,259)
Debtors	5	171,551			110,516
Cash at bank and in hand		23			23
		211,175			85,280

Creditors: amounts falling due within one year	6	(193,333)			(133,338)

Net current assets/(liabilities)			17,842			(48,058)

Total assets less current liabilities			44,284			(10,148)

Creditors: amounts falling due after more than one year	7		(2,940)			(11,049)

Provisions for liabilities			(5,024)			(6,899)


Net assets/(liabilities)			36,320			(28,096)

Capital and reserves
Called up share capital			100			100
Profit and loss account			36,220			(28,196)

Shareholders' funds			36,320			(28,096)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Iain Hackett
Director
Approved by the board on 24 September 2026

IPH ELECTRICAL LIMITED
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			11		6


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 April 2025					16,000
	At 31 March 2026					16,000

	Amortisation
	At 1 April 2025					14,400
	Provided during the year					1,600
	At 31 March 2026					16,000

	Net book value
	At 31 March 2026					-
	At 31 March 2025					1,600

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2025	15,286		74,215		89,501
	Additions	-		10,500		10,500
	Disposals	-		(27,990)		(27,990)
	At 31 March 2026	15,286		56,725		72,011

	Depreciation
	At 1 April 2025	10,014		43,177		53,191
	Charge for the year	1,054		7,408		8,462
	On disposals	-		(16,084)		(16,084)
	At 31 March 2026	11,068		34,501		45,569

	Net book value
	At 31 March 2026	4,218		22,224		26,442
	At 31 March 2025	5,272		31,038		36,310


5	Debtors			2026		2025
£					£

	Trade debtors			179,313		142,805
	Other debtors			(7,762)		(32,289)
				171,551		110,516


6	Creditors: amounts falling due within one year			2026		2025
£					£

	Bank loans and overdrafts			12,585		5,039
	Trade creditors			142,079		36,924
	Corporation tax			15,815		-
	Other taxes and social security costs			12,342		9,863
	Other creditors			10,512		81,512
				193,333		133,338


7	Creditors: amounts falling due after one year			2026		2025
£					£

	Obligations under finance lease and hire purchase contracts			2,940		11,049


8	Other information

	IPH ELECTRICAL LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	Suite 83, Prinny Mill
	68 Blackburn Road
	#REF!
	Haslingden
	BB4 5HL