REGISTERED NUMBER: 10631868 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026

FOR

S.R.ELECTRICAL LTD.

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S R Ryan

Mrs J A Ryan

SECRETARY:

Mrs J A Ryan

REGISTERED OFFICE:

Highdale Cottage

217 Barnsley Road

Denby Dale

Huddersfield

West Yorkshire

HD8 8TS

REGISTERED NUMBER:

10631868 (England and Wales)

ACCOUNTANTS:

Highdale Accounting Ltd

Highdale Cottage

217 Barnsley Road

Denby Dale

Huddersfield

West Yorkshire

HD8 8TS

FIXED ASSETS

Property, plant and equipment

4

15,986

19,983

CURRENT ASSETS

Debtors

5

6,598

2,395

CREDITORS

Amounts falling due within one year

6

29,442

28,408

NET CURRENT LIABILITIES

(22,844

)

(26,013

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(6,858

)

(6,030

)

CREDITORS

Amounts falling due after more than one year

7

(5,709

)

(13,439

)

PROVISIONS FOR LIABILITIES

(3,037

)

(3,797

)

NET LIABILITIES

(15,604

)

(23,266

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(15,704

)

(23,366

)

(15,604

)

(23,266

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 October 2026 and were signed on its behalf by:

Mr S R Ryan - Director

1.	STATUTORY INFORMATION

S.R.Electrical Ltd. 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover

Revenue 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.

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Government grants

The accrual model has been adopted for grants received and are classified as revenue-based grant income.

Going concern

These financial statements are prepared on the going concern basis. The director has a reasonable expectation that the company will continue in operational existence for the foreseeable future. The company's major liability relates to the directors' loan account. The director has given an undertaking to support the company until it returns to a net assets position.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 March 2025

and 28 February 2026

25,840

1,403

27,243

DEPRECIATION

At 1 March 2025

5,857

1,403

7,260

Charge for year

3,997

-

3,997

At 28 February 2026

9,854

1,403

11,257

NET BOOK VALUE

At 28 February 2026

15,986

-

15,986

At 28 February 2025

19,983

-

19,983

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

5,674

-

Other debtors

924

2,395

6,598

2,395

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts (see note 8)

5,190

6,367

Hire purchase contracts

5,569

5,047

Trade creditors

1,708

8,762

Taxation and social security

1,987

-

Other creditors

14,988

8,232

29,442

28,408

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans (see note 8)

-

2,685

Hire purchase contracts

5,709

10,754

5,709

13,439

8.

LOANS

An analysis of the maturity of loans is given below:

2026

2025

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

2,035

2,531

Bank loans

3,155

3,836

5,190

6,367

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

2,685

9.	FINANCIAL INSTRUMENTS

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following interest free advances and credits to directors subsisted during the years ended 28 February 2026 and 28 February 2025:

2026

2025

£

£

Mr S R Ryan and Mrs J A Ryan

Balance outstanding at start of year

(7,692

)

(12,526

)

Amounts advanced

21,900

19,505

Amounts repaid

(28,656

)

(14,671

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(14,448

)

(7,692

)

11.	RELATED PARTY DISCLOSURES

At the year end the company owed the director £14,448 (2025: £7,692).