J.F.Kelly Electrical Limited - Filleted accounts

J.F.Kelly Electrical Limited
Registered number:		07556735
Balance Sheet
as at 31 August 2026

Notes			2026		2025
			£		£
Fixed assets
Tangible assets	4		14,495		19,326

Current assets
Stocks		82,113		69,426
Debtors	5	148,250		433,574
Cash at bank and in hand		436,122		247,365
		666,485		750,365

Creditors: amounts falling due within one year	6	(95,903)		(284,571)

Net current assets			570,582		465,794

Net assets			£585,077		£485,120

Capital and reserves
Called up share capital			300		300
Profit and loss account			584,777		484,820

Shareholders' funds			£585,077		£485,120

The director is 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 director acknowledges his 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.




J KELLY
Director
Approved by the board on 20 October 2026

J.F.Kelly Electrical Limited
Notes to the Accounts
for the year ended 31 August 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102 as applied to small entities by section 1A of the standard. The Financial Reporting Standard applicable in the UK and Republic of Ireland.

	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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Motor Vehicles		25% Reducing balance
	Plant and machinery		25% Reducing balance
	Fixtures, fittings, tools and equipment		25% Reducing balance

	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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees			2026	2025
				Number	Number

	Average number of persons employed by the company			1	1


3	Intangible fixed assets				£
	Goodwill:

	Cost
	At 1 September 2025				50,000
	At 31 August 2026				£50,000

	Amortisation
	At 1 September 2025				50,000
	At 31 August 2026				£50,000

	Net book value
	At 31 August 2026				£0

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


4	Tangible fixed assets
		Fixtures & fittings	Plant and machinery etc	Motor vehicles	Total
		£	£	£	£
	Cost
	At 1 September 2025	9,082	21,509	52,801	83,392
	At 31 August 2026	£9,082	£21,509	£52,801	£83,392

	Depreciation
	At 1 September 2025	6,158	13,960	43,948	64,066
	Charge for the year	731	1,887	2,213	4,831
	At 31 August 2026	£6,889	£15,847	£46,161	£68,897

	Net book value
	At 31 August 2026	£2,193	£5,662	£6,640	£14,495
	At 31 August 2025	£2,924	£7,549	£8,853	£19,326


5	Debtors			2026	2025
				£	£

	Trade debtors			100,058	321,577
	Other debtors			48,192	111,997
				£148,250	£433,574


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

	Trade creditors			2,038	243,994
	Corporation tax			84,929	3,016
	Other taxes and social security costs			-	4,351
	Other creditors			8,936	33,210
				£95,903	£284,571


7	Other information

	J.F.Kelly Electrical Limited is a private company limited by shares and incorporated in England. Its registered office is:
	239 Bullsmoor Lane
	Enfield
	MIDDX
	EN1 4SB