Registration number: 02661930

Hendry Electrical Contractors Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 8

Hendry Electrical Contractors Limited

(Registration number: 02661930)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	380,424	451,499
Investment property	5	195,000	195,000
		575,424	646,499
Current assets
Stocks	6	1,942,173	2,070,954
Debtors	7	834,889	828,623
Cash at bank and in hand		137,226	125,686
		2,914,288	3,025,263
Creditors: Amounts falling due within one year	8	(1,497,726)	(1,558,686)
Net current assets		1,416,562	1,466,577
Total assets less current liabilities		1,991,986	2,113,076
Creditors: Amounts falling due after more than one year	8	(220,645)	(331,111)
Provisions for liabilities		(62,341)	(69,821)
Net assets		1,709,000	1,712,144
Capital and reserves
Called up share capital	9	100	100
Retained earnings		1,708,900	1,712,044
Shareholders' funds		1,709,000	1,712,144

For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 September 2026 and signed on its behalf by:
 

......................................... D L Hendry Director

Hendry Electrical Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	General information

The Company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Holton Business Park
Holton le Clay
Grimsby
North East Lincolnshire
DN36 5EE

These financial statements were authorised for issue by the Board on 25 September 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in pounds sterling and have been rounded to the nearest £1.

The financial statements represent Hendry Electrical Contractors Limited as an individual entity, the company not forming part of a group.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Hendry Electrical Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Leasehold improvements	20% per annum on a straight line basis
Plant and machinery	15% per annum on a reducing balance basis
Fixtures and fittings	25% per annum on a reducing balance basis
Motor vehicles	25% per annum on a reducing balance basis
Computer equipment	25% - 33% per annum on a straight line basis

Investment property

Certain of the company's properties are held for long-term investment. Investment properties are accounted for, as follows:

No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

The treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Hendry Electrical Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 19 (2024 - 18).

Hendry Electrical Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2025	61,343	200,571	496,904	758,818
Additions	-	2,902	36,541	39,443
At 31 December 2025	61,343	203,473	533,445	798,261
Depreciation
At 1 January 2025	61,343	144,220	101,756	307,319
Charge for the year	-	10,154	100,364	110,518
At 31 December 2025	61,343	154,374	202,120	417,837
Carrying amount
At 31 December 2025	-	49,099	331,325	380,424
At 31 December 2024	-	56,351	395,148	451,499

Included within the net book value of land and buildings above is £Nil (2024 - £Nil) in respect of short leasehold land and buildings.
 

5	Investment properties

	2025 £
At 1 January	195,000
At 31 December	195,000

The investment property is included at a value agreed by the directors

There has been no valuation of investment property by an independent valuer.

6

Stocks

	2025 £	2024 £
Work in progress	1,825,330	1,954,111
Other inventories	116,843	116,843
	1,942,173	2,070,954

Hendry Electrical Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

7

Debtors

Current	2025 £	2024 £
Trade debtors	390,745	444,892
Prepayments	24,657	16,238
Other debtors	419,487	367,493
	834,889	828,623

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	10	335,822	117,707
Trade creditors		835,132	932,352
Taxation and social security		275,670	477,931
Accruals and deferred income		26,608	21,606
Other creditors		24,494	9,090
		1,497,726	1,558,686

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £335,821 (2024 - £117,706).

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	10	220,645	331,111

	2025 £	2024 £
Due after more than five years
	-	-

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £220,645 (2024 - £331,111).

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary A shares of £1 each	75	75	75	75
Ordinary B shares of £1 each	25	25	25	25
	100	100	100	100

Hendry Electrical Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

10	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	20,000
Hire purchase contracts	220,645	311,111
	220,645	331,111

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	20,000	62,931
Bank overdrafts	225,339	17,557
Hire purchase contracts	90,483	37,219
	335,822	117,707

11

Dividends

Interim dividends paid

		2025 £		2024 £
Interim dividend of £Nil (2024 - £312.00) per each Ordinary A shares		-		23,400
Interim dividend of £Nil (2024 - £936.00) per each Ordinary B shares		-		23,400
		-		46,800

12	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £Nil (2024 - £16,762).

Hendry Electrical Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

13	Related party transactions

Transactions with Directors

2025	At 1 January 2025 £	Advances to Director £	Repayments by Director £	At 31 December 2025 £
D L Hendry
Loan - interest charged at official rates set by H.M. Revenue & Customs	215,383	-	(99,956)	115,427
M Hendry
Loan - interest charged at official rate set by H.M. Revenue & Customs	50,609	5,009	-	55,618

2024	At 1 January 2024 £	Advances to Director £	Repayments by Director £	At 31 December 2024 £
D L Hendry
Loan - interest charged at official rates set by H.M. Revenue & Customs	232,516	-	(17,133)	215,383
M Hendry
Loan - interest charged at official rate set by H.M. Revenue & Customs	41,641	8,968	-	50,609