REGISTERED NUMBER: NI660025 (Northern Ireland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

G P ELECTRICAL & SECURITY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

8

DIRECTORS:

Mr G G Phair

Mrs L D Phair

SECRETARY:

Mrs L D Phair

REGISTERED OFFICE:

Unit 1 58C Lough Shore Road

Silverhill

Enniskillen

Co. Fermanagh

BT74 5NH

REGISTERED NUMBER:

NI660025 (Northern Ireland)

ACCOUNTANTS:

Patton Rainey Stenson Limited

Chartered Accountants

6 East Bridge Street

Enniskillen

Co. Fermanagh

BT74 7BT

BANKERS:

Danske Bank

24 Townhall Street

Enniskillen

Co. Fermanagh

BT74 7BB

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

106,387

117,660

106,387

117,660

CURRENT ASSETS

Stocks

69,239

96,850

Debtors

6

460,338

475,899

Cash at bank

50,120

29,410

579,697

602,159

CREDITORS

Amounts falling due within one year

7

514,925

589,783

NET CURRENT ASSETS

64,772

12,376

TOTAL ASSETS LESS CURRENT LIABILITIES

171,159

130,036

PROVISIONS FOR LIABILITIES

9

16,495

17,591

NET ASSETS

154,664

112,445

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

10

154,564

112,345

154,664

112,445

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2026 and were signed on its behalf by:

Mr G G Phair - Director

1.	STATUTORY INFORMATION

G P Electrical & Security Ltd is a private company, limited by shares , registered in Northern Ireland. 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 0, is being amortised evenly over its estimated useful life of nil 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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

Taxation

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

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2025 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

100,000

AMORTISATION

At 1 April 2025

and 31 March 2026

100,000

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2025

135,349

6,487

48,650

190,486

Additions

27,793

-

-

27,793

Disposals

(27,799

)

-

-

(27,799

)

At 31 March 2026

135,343

6,487

48,650

190,480

DEPRECIATION

At 1 April 2025

49,166

2,376

21,284

72,826

Charge for year

14,536

617

6,841

21,994

Eliminated on disposal

(10,727

)

-

-

(10,727

)

At 31 March 2026

52,975

2,993

28,125

84,093

NET BOOK VALUE

At 31 March 2026

82,368

3,494

20,525

106,387

At 31 March 2025

86,183

4,111

27,366

117,660

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

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2025

63,922

48,650

112,572

Additions

27,793

-

27,793

At 31 March 2026

91,715

48,650

140,365

DEPRECIATION

At 1 April 2025

14,190

21,284

35,474

Charge for year

11,629

6,841

18,470

At 31 March 2026

25,819

28,125

53,944

NET BOOK VALUE

At 31 March 2026

65,896

20,525

86,421

At 31 March 2025

49,732

27,366

77,098

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

460,338

475,899

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts (see note 8)

17,254

45,672

Hire purchase contracts

75,047

88,328

Trade creditors

218,041

327,761

Tax

45,807

61,763

Social security and other taxes

23,423

12,016

VAT

35,884

37,168

Other creditors

47,424

5,369

Directors' current accounts

6,273

4,368

Accrued expenses

45,772

7,338

514,925

589,783

8.

LOANS

The bank overdraft is secured by an all monies charge in favour of the bank.

9.	PROVISIONS FOR LIABILITIES

31.3.26

31.3.25

£

£

Deferred tax

16,495

17,591

Deferred

tax

£

Balance at 1 April 2025

17,591

Provided during year

(1,096

)

Balance at 31 March 2026

16,495

10.

RESERVES

Retained

earnings

£

At 1 April 2025

112,345

Profit for the year

122,219

Dividends

(80,000

)

At 31 March 2026

154,564

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2026 set out on pages three to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Patton Rainey Stenson Limited

Chartered Accountants

6 East Bridge Street

Enniskillen

Co. Fermanagh

BT74 7BT

10 September 2026