Qwic Electrical Ltd

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

Registered number: 11505353

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		686		-

			686		-
CURRENT ASSETS
Stocks	5	5,500		5,000
Debtors	6	416,314		277,990
Cash at bank and in hand		190,300		216,936

		612,114		499,926
Creditors: Amounts Falling Due Within One Year	7	(336,110 )		(226,203 )

NET CURRENT ASSETS (LIABILITIES)			276,004		273,723

TOTAL ASSETS LESS CURRENT LIABILITIES			276,690		273,723

Creditors: Amounts Falling Due After More Than One Year	8		-		(18,470 )

NET ASSETS			276,690		255,253

CAPITAL AND RESERVES
Called up share capital	9		99		99
Profit and Loss Account			276,591		255,154

SHAREHOLDERS' FUNDS			276,690		255,253

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Qwic Electrical Ltd

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 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

B Cooter

Director

20/10/2026

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

1. General Information

Qwic Electrical Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11505353 . The registered office is Unit 7 53 Bath Street, Gravesend, Kent, DA11 0DF.

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.

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:

Computer Equipment

25% RB

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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 or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2025: 4)

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Qwic Electrical Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 April 2025	-
Additions	915

As at 31 March 2026	915

Depreciation
As at 1 April 2025	-
Provided during the period	229

As at 31 March 2026	229

Net Book Value
As at 31 March 2026	686

As at 1 April 2025	-

5. Stocks

	2026	2025
	£	£
Stock	5,500	5,000

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	372,676	231,738
Prepayments and accrued income	1,274	2,763
Other debtors	40,445	26,102
VAT	1,919	17,387

	416,314	277,990

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	138,831	71,160
Bank loans and overdrafts	10,193	-
Corporation tax	117,084	106,136
Other taxes and social security	27,962	16,077
Other creditors	31,200	31,830
Directors' loan accounts	10,840	1,000

	336,110	226,203

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Qwic Electrical Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

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

	2026	2025
	£	£
Bank loans	-	18,470

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	99	99

10. Reserves

	Profit and Loss Account
	£
As at 1 April 2025	255,154
Profit for the year and total comprehensive income	266,357

Dividends paid	(244,920)

As at 31 March 2026	276,591

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