FRIERN ELECTRICAL SERVICES LIMITED


Directors	Franco MALENA,
	Giuseppe MALENA


Registered Address	Unit 6 / 7 East Lodge Village
	East Lodge Lane
	Enfield
	EN2 8AS


Registered Number	07137961 (England and Wales)

Balance Sheet as at
31 March 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	4		58,789		60,618
			58,789		60,618
Current assets
Debtors	5	338,969		379,964
Cash at bank and on hand		123,016		128,214
		461,985		508,178
Creditors amounts falling due within one year	6	(243,233)		(204,095)
Net current assets (liabilities)			218,752		304,083
Total assets less current liabilities			277,541		364,701
Creditors amounts falling due after one year	7		-		(6,227)
Provisions for liabilities	9		(14,178)		(15,154)
Net assets			263,363		343,320
Capital and reserves
Called up share capital			200		200
Profit and loss account			263,163		343,120
Shareholders' funds			263,363		343,320

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

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

Franco MALENA,
Director
Registered Company No. 07137961

FRIERN ELECTRICAL SERVICES LIMITED

Notes to the Financial Statements
for the year ended 31 March 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Functional and presentation currency
	The financial statements are presented in pound sterling and this is the functional currency of the company.

	Revenue from sale of goods
	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.

Revenue from sale of goods

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.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Deferred tax
	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.

Deferred tax

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.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	25
	Vehicles	25
	Office Equipment	25

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	12		9

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 April 25	26,604	26,604
At 31 March 26	26,604	26,604
Amortisation and impairment
At 01 April 25	26,604	26,604
At 31 March 26	26,604	26,604
Net book value
At 31 March 26	-	-
At 31 March 25	-	-

4.	Tangible fixed assets

	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 April 25	1,274	109,241	14,492	125,007
Additions	-	18,995	789	19,784
Disposals	-	(7,300)	-	(7,300)
At 31 March 26	1,274	120,936	15,281	137,491
Depreciation and impairment
At 01 April 25	528	55,586	8,275	64,389
Charge for year	187	17,010	2,756	19,953
On disposals	-	(5,640)	-	(5,640)
At 31 March 26	715	66,956	11,031	78,702
Net book value
At 31 March 26	559	53,980	4,250	58,789
At 31 March 25	746	53,655	6,217	60,618

5.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	328,254	319,499
Other debtors	9,135	58,941
Prepayments and accrued income	1,580	1,524
Total	338,969	379,964

6.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	94,900	81,781
Bank borrowings and overdrafts	2,548	4,209
Taxation and social security	69,903	79,869
Finance lease and HP contracts	6,227	5,338
Other creditors	49,168	12,898
Accrued liabilities and deferred income	20,487	20,000
Total	243,233	204,095

7.	Creditors: amounts due after one year

	2026	2025
	£	£
Other creditors	-	6,227
Total	-	6,227

8.	Obligations under finance leases

		2026		2025
		£		£
	Finance lease and HP contracts	6,227		11,565

9.	Provisions for liabilities

	2026	2025
	£	£
Net deferred tax liability (asset)	14,178	15,154
Total	14,178	15,154

10.	Directors advances, credits and guarantees

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
Franco MALENA,	43,569	1,099	43,569	1,099
	43,569	1,099	43,569	1,099


	Interest was charged on the borrowings at the prescribed rate applied by HMRC. The amount charged was £193 (2025: £461)