Connect Electrical Solutions Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 11303007

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		33,325		19,882

			33,325		19,882
CURRENT ASSETS
Stocks	5	17,000		17,000
Debtors	6	24,630		30,537
Cash at bank and in hand		602		20,874

		42,232		68,411
Creditors: Amounts Falling Due Within One Year	7	(50,399 )		(63,380 )

NET CURRENT ASSETS (LIABILITIES)			(8,167 )		5,031

TOTAL ASSETS LESS CURRENT LIABILITIES			25,158		24,913

Creditors: Amounts Falling Due After More Than One Year	8		(24,419 )		(24,263 )

NET ASSETS			739		650

CAPITAL AND RESERVES
Called up share capital	10		101		101
Profit and Loss Account			638		549

SHAREHOLDERS' FUNDS			739		650

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Connect Electrical Solutions Ltd

Balance Sheet (continued)

As At 30 April 2026

For the year ending 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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

Neil Haley

Director

27 October 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Connect Electrical Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11303007 . The registered office is 3 Stoke Damerel Business Centre, 5 Church Street, Plymouth, Devon, PL3 4DT.

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	20% Reducing balance
Motor Vehicles	20% Reducing balance

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.

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Connect Electrical Solutions Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

2.5. 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.

2.6. 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 changes and equity 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 and tax is recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current tax is 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: 3 (2025: 5)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 May 2025	15,167	33,083	48,250
Additions	309	22,783	23,092
Disposals	-	(11,500 )	(11,500 )

As at 30 April 2026	15,476	44,366	59,842

Depreciation
As at 1 May 2025	10,615	17,753	28,368
Provided during the period	934	4,977	5,911
Disposals	-	(7,762 )	(7,762 )

As at 30 April 2026	11,549	14,968	26,517

Net Book Value
As at 30 April 2026	3,927	29,398	33,325

As at 1 May 2025	4,552	15,330	19,882

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Connect Electrical Solutions Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

5. Stocks

	2026	2025
	£	£
Work in progress	17,000	17,000

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	13,315	24,701
Prepayments and accrued income	460	56
VAT	-	1,684
Other taxes and social security	376	4,096
Director's loan account	10,479	-

	24,630	30,537

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	4,000	-
Trade creditors	16,634	32,316
Bank loans and overdrafts	9,492	6,492
Corporation tax	5,673	6,027
VAT	4,741	-
Credit card	9,859	7,172
Pension	-	191
Director's loan account	-	11,182

	50,399	63,380

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

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	6,000	-
Bank loans	18,419	24,263

	24,419	24,263

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Connect Electrical Solutions Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

9. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	4,000	-
Later than one year and not later than five years	6,000	-

	10,000	-

	10,000	-

10. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	101	101

11. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 May 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 30 April 2026
	£	£	£	£	£
Mr Neil Haley	(11,182 )	76,624	(54,963 )	-	10,479

The above loan is unsecured, interest free and repayable on demand.

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