Switchgear Engineering Services Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 03542972

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		65,688		85,284

			65,688		85,284
CURRENT ASSETS
Debtors	5	130,814		183,883
Cash at bank and in hand		330,439		283,280

		461,253		467,163
Creditors: Amounts Falling Due Within One Year	6	(147,758 )		(91,990 )

NET CURRENT ASSETS (LIABILITIES)			313,495		375,173

TOTAL ASSETS LESS CURRENT LIABILITIES			379,183		460,457

Creditors: Amounts Falling Due After More Than One Year	7		-		(8,136 )

NET ASSETS			379,183		452,321

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			379,083		452,221

SHAREHOLDERS' FUNDS			379,183		452,321

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Switchgear Engineering Services Ltd

Balance Sheet (continued)

As At 30 June 2026

For the year ending 30 June 2026 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

N S Driver Director	E B Smith Director
7 October 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Switchgear Engineering Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03542972 . The registered office is 45 City Road, Chester, CH1 3AE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	15% on cost
Motor Vehicles	25% on net book value

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax for the year is recognised in profit and loss, except when it relates to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.

2.6. Pensions

The company makes contributions into employees' defined pension contribution schemes. Contributions are charged to the profit and loss account as they become payable.

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Switchgear Engineering Services Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2026

3. Average Number of Employees

Average number of employees, including directors, during the year was: 13 (2025: 14)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 July 2025	41,868	153,232	195,100
Additions	2,755	-	2,755

As at 30 June 2026	44,623	153,232	197,855

Depreciation
As at 1 July 2025	19,462	90,354	109,816
Provided during the period	6,633	15,718	22,351

As at 30 June 2026	26,095	106,072	132,167

Net Book Value
As at 30 June 2026	18,528	47,160	65,688

As at 1 July 2025	22,406	62,878	85,284

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	124,289	176,272
Other debtors	6,525	7,611

	130,814	183,883

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	63,791	20,092
Bank loans and overdrafts	7,885	10,046
Other creditors	15,761	13,107
Taxation and social security	60,321	48,745

	147,758	91,990

7. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	-	8,136

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Switchgear Engineering Services Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2026

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

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