REGISTERED NUMBER: 02032221 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

FOR

THOMPSON ELECTRICAL (CAMBRIDGE) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Hilder

C S Smith

REGISTERED OFFICE:

Unit 15 Barnwell Business Park

Barnwell Drive

Cambridge

Cambridgeshire

CB5 8UZ

REGISTERED NUMBER:

02032221 (England and Wales)

ACCOUNTANTS:

TC Group

1st Floor

5-7 Portugal Place

Cambridge

Cambridgeshire

CB5 8AF

FIXED ASSETS

Tangible assets

5

24,842

29,254

CURRENT ASSETS

Stocks

51,674

41,456

Debtors

6

35,884

39,464

Cash and cash equivalents

94,175

146,753

181,733

227,673

CREDITORS

Amounts falling due within one year

7

(72,033

)

(87,212

)

NET CURRENT ASSETS

109,700

140,461

TOTAL ASSETS LESS CURRENT LIABILITIES

134,542

169,715

CREDITORS

Amounts falling due after more than one year

8

-

(2,000

)

PROVISIONS FOR LIABILITIES

11

(6,211

)

(7,314

)

NET ASSETS

128,331

160,401

CAPITAL AND RESERVES

Called up share capital

12

102

102

Retained earnings

128,229

160,299

SHAREHOLDERS' FUNDS

128,331

160,401

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Profit and loss account 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:

D Hilder - Director

1.	STATUTORY INFORMATION

Thompson Electrical (Cambridge) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

Doubtful debts:

The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade debtors , management considers factors including the current credit rating of the debtor, the ageing of the debtor and historical experience regarding payment history.

Work in progress:

Revenue and margins on ongoing installation contracts depend on estimates of stage of completion and total costs to complete. Management considers job-cost records, remaining labour and materials, agreed variations and anticipated rectification costs. Changes in these estimates may affect revenue, profit and the related contract balances.

Turnover

Turnover comprises consideration receivable for electrical installation and repair services, including materials supplied as part of those services, net of VAT and trade discounts. Revenue from services is recognised by reference to the stage of completion when the outcome can be estimated reliably, the consideration and costs can be measured reliably and recovery is probable. For short-duration repairs, completion of the work normally provides the appropriate measure of stage of completion.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15%, 25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks represents raw materials and are valued at the lower of cost and net realisable value, after making due allowance for slowing and obsolete items.

Profit on long-term contracts is taken as the work is carried out if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of the work carried out at the year end, by recording turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs incurred to date bear to total expected costs for that contract. Revenues derived from variations on contracts are recognised only when they have been accepted by the customer. Full provision is made for losses on all contracts in the year in which they are first forseen.

Financial instruments

Basic debt instruments are initially recognised at transaction price unless the arrangement constitutes a financing transaction, in which case they are measured at the present value of future payments discounted at a market rate for a similar instrument, subject to applicable FRS 102 exemptions. They are subsequently measured at amortised cost using the effective-interest method. Short-term debtors and liabilities are measured at the undiscounted amount expected to be received or paid unless financing is material.

Financial assets are reviewed for objective evidence of impairment at each reporting date, with impairment losses recognised in profit or loss. Assets and liabilities are derecognised when the relevant FRS 102 criteria are met.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 material 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

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

Defined-contribution pension costs are charged to profit or loss as employees render the services giving rise to the contributions. Unpaid contributions are included in creditors. Short-term employee benefits, including wages and paid annual leave, are recognised as an expense and liability as the related service is provided; unused holiday entitlement is accrued where material

Cash and cash equivalents

Cash and cash equivalents comprise cash in hand, demand deposits and short-term highly liquid investments readily convertible to known amounts of cash and subject to insignificant risk of changes in value. Interest income and borrowing costs are recognised using the effective-interest method where applicable

Going concern

The financial statements have been prepared on a going-concern basis. The directors have assessed the company’s ability to continue in operation for at least 12 months from the date of approval, taking account of subsequent trading, and working capital and the ability to meet liabilities as they fall due. On that basis the directors continue to prepare the financial statements on a going concern basis.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2025 - 11 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2025

125,271

Additions

2,425

At 31 January 2026

127,696

DEPRECIATION

At 1 February 2025

96,017

Charge for year

6,837

At 31 January 2026

102,854

NET BOOK VALUE

At 31 January 2026

24,842

At 31 January 2025

29,254

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

31,195

38,064

Other debtors

4,689

1,400

35,884

39,464

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts (see note 9)

2,351

3,700

Trade creditors

12,791

16,172

Taxation and social security

32,483

34,448

Other creditors

24,408

32,892

72,033

87,212

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans (see note 9)

-

2,000

9.

LOANS

An analysis of the maturity of loans is given below:

2026

2025

£

£

Amounts falling due within one year or on demand:

Bank loans

2,351

3,700

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

2,000

Amounts included in loans and overdrafts represents amounts repayable in respect of a Bounce Back Loan.

10.	SECURED DEBTS

Liabilities held under hire agreements are secured against the assets to which they relate.

11.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

6,211

7,314

Deferred

tax

£

Balance at 1 February 2025

7,314

Provided during year

(1,103

)

Rate movement

Balance at 31 January 2026

6,211

Deferred tax has been recognised in respect of the excess of capital allowances over depreciation.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

102

Ordinary

£1

102

102

13.	OTHER FINANCIAL COMMITMENTS

The company has an annual commitment of £8,292 in relation to the rental of commercial property.

14.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2026 and 31 January 2025:

2026

2025

£

£

C S Smith

Balance outstanding at start of year

1,400

-

Amounts advanced

4,689

1,400

Amounts repaid

(1,400

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

4,689

1,400

15.	RELATED PARTY DISCLOSURES

Included within other creditors is a loan due a director amounting to £16,642 (2025: £25,642) No interest has been charged on this loan (2025:£1,451). This loan is unsecured and repayable on demand.

Included in other debtors is a balance due from a director amounting to £4,689 (2025: £1,400 ) this balance is unsecured and interest free and repayable on demand.