Tyne Tees Electrical Contracting Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03766036 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2026

for

Tyne Tees Electrical

Contracting Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C S Smith

REGISTERED OFFICE:

Unit 16 @ The Fed

Lancaster Road

Dunston

Gateshead

Tyne and Wear

NE11 9JR

REGISTERED NUMBER:

03766036 (England and Wales)

ACCOUNTANTS:

Inspire Chartered Accountants

6 Queens Court

Third Avenue

Team Valley

Gateshead

Tyne and Wear

NE11 0BU

FIXED ASSETS

Tangible assets

4

13,893

13,655

CURRENT ASSETS

Debtors

5

315,869

454,827

Cash at bank and in hand

335,226

254,469

651,095

709,296

CREDITORS

Amounts falling due within one year

6

100,019

248,565

NET CURRENT ASSETS

551,076

460,731

TOTAL ASSETS LESS CURRENT
LIABILITIES

564,969

474,386

PROVISIONS FOR LIABILITIES

3,469

3,414

NET ASSETS

561,500

470,972

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

561,400

470,872

SHAREHOLDERS' FUNDS

561,500

470,972

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 7 September 2026 and were signed by:

C S Smith - Director

1.	STATUTORY INFORMATION

Tyne Tees Electrical Contracting 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.

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

10% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2025 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

COST

At 1 June 2025

14,539

2,302

12,500

31,080

60,421

Additions

-

3,657

-

3,657

At 31 May 2026

14,539

2,302

16,157

31,080

64,078

DEPRECIATION

At 1 June 2025

14,539

2,260

8,679

21,288

46,766

Charge for year

-

6

965

2,448

3,419

At 31 May 2026

14,539

2,266

9,644

23,736

50,185

NET BOOK VALUE

At 31 May 2026

-

36

6,513

7,344

13,893

At 31 May 2025

-

42

3,821

9,792

13,655

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 June 2025

19,995

Transfer to ownership

(19,995

)

At 31 May 2026

-

DEPRECIATION

At 1 June 2025

12,614

Transfer to ownership

(12,614

)

At 31 May 2026

-

NET BOOK VALUE

At 31 May 2026

-

At 31 May 2025

7,381

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.26

31.5.25

£

Trade debtors

48,489

230,874

Amounts owed by group undertakings

265,009

214,364

Other debtors

2,371

9,589

315,869

454,827

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.26

31.5.25

£

Hire purchase contracts

-

3,332

Trade creditors

27,431

157,999

Taxation and social security

69,724

82,973

Other creditors

2,864

4,261

100,019

248,565

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.5.26

31.5.25

£

Hire purchase contracts

-

3,332

Hire purchase liability is secured against the assets to which they relate.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.26

31.5.25

value:

£

100

Ordinary

£1

100