REGISTERED NUMBER: 02766143 (England and Wales)

O'CONNOR ELECTRICAL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

8

DIRECTORS:

Mr T J O'Connor

Mr L T O'Connor

Mr J Donnelly

Mr S J Bell

SECRETARY:

Mrs M E O'Connor

REGISTERED OFFICE:

Badger Farm Business Park

Willowpit Lane

Hilton

Derby

DE65 5FN

REGISTERED NUMBER:

02766143 (England and Wales)

ACCOUNTANTS:

Johnson Tidsall Limited

Chartered Accountants

81 Burton Road

Derby

Derbyshire

DE1 1TJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

136,948

114,997

136,948

114,997

CURRENT ASSETS

Stocks

6

8,686

4,197

Debtors

7

146,693

158,091

Cash at bank and in hand

295,503

197,653

450,882

359,941

CREDITORS

Amounts falling due within one year

8

238,208

181,506

NET CURRENT ASSETS

212,674

178,435

TOTAL ASSETS LESS CURRENT LIABILITIES

349,622

293,432

CREDITORS

Amounts falling due after more than one year

9

(22,040

)

(41,857

)

PROVISIONS FOR LIABILITIES

(36,085

)

(30,011

)

NET ASSETS

291,497

221,564

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

291,397

221,464

SHAREHOLDERS' FUNDS

291,497

221,564

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 October 2026 and were signed on its behalf by:

Mr T J O'Connor - Director

1.	STATUTORY INFORMATION

O'Connor 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

Turnover from Service contracts is recognised when the company obtains the rights to consideration.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of businesses in 2015 and 2018, is being amortised evenly over their estimated useful life of five 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.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

33% on cost and 20% on reducing balance

Motor vehicles

-

25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model.

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 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.

Hire purchase and leasing commitments

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2025 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

Goodwill

software

Totals

£

£

£

COST

At 1 March 2025

and 28 February 2026

82,475

4,365

86,840

AMORTISATION

At 1 March 2025

and 28 February 2026

82,475

4,365

86,840

NET BOOK VALUE

At 28 February 2026

-

-

-

At 28 February 2025

-

-

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 March 2025

19,240

41,982

233,546

294,768

Additions

2,535

6,039

53,370

61,944

Disposals

(704

)

(466

)

(13,310

)

(14,480

)

At 28 February 2026

21,071

47,555

273,606

342,232

DEPRECIATION

At 1 March 2025

13,671

36,871

129,229

179,771

Charge for year

1,517

4,447

33,341

39,305

Eliminated on disposal

(646

)

(466

)

(12,680

)

(13,792

)

At 28 February 2026

14,542

40,852

149,890

205,284

NET BOOK VALUE

At 28 February 2026

6,529

6,703

123,716

136,948

At 28 February 2025

5,569

5,111

104,317

114,997

6.

STOCKS

2026

2025

£

£

Stocks

7,459

4,070

Other

1,227

127

8,686

4,197

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

124,843

139,126

Other debtors

250

652

Prepayments and accrued income

21,600

18,313

146,693

158,091

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

5,649

5,510

Hire purchase contracts

14,168

19,046

Payments on account

61,866

-

Trade creditors

54,320

100,202

Corporation tax

17,579

7,298

Social security and other taxes

15,129

12,652

VAT

3,038

320

Other creditors

8,514

3,755

Directors' current accounts

4,305

65

Accruals and deferred income

53,640

32,658

238,208

181,506

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans - 2-5 years

19,364

23,467

Bank loans >5 yr (instalments)

-

1,546

Hire purchase contracts

2,676

16,844

22,040

41,857

Amounts falling due in more than five years:

Repayable by instalments

Bank loans >5 yr (instalments)

-

1,546

10.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Hire purchase contracts

16,844

35,890

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

Ordinary

£1

100

100

12.	GUARANTEES AND OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet date of £1,473 (2025 - £2,210).

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2026 and 28 February 2025:

2026

2025

£

£

Mr L T O'Connor

Balance outstanding at start of year

-

11

Amounts repaid

-

(11

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

The amount is interest free, and has no formal repayment terms.

14.	RELATED PARTY DISCLOSURES

2026

2025

£

£

Amount due to the directors at the balance sheet date

4,305

65

The amounts are interest free, and have no formal repayment terms.

2026

2025

£

£

Amount due to an owner holding a participating interest at the balance sheet date

5,430

1,274

The amounts are interest free, and have no formal repayment terms.