SPALDING ELECTRICAL LTD


Director	FORSYTH, Steven


Company Secretary	FORSYTH, Steven


Registered Address	38 Broad Lane
	Moulton
	PE12 6PN


Registered Number	08367143 (England and Wales)

Balance Sheet as at
31 January 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		10,661		11,305
			10,661		11,305
Current assets
Stocks	4	5,000		10,000
Debtors		6,572		8,260
		11,572		18,260
Creditors amounts falling due within one year	5	(29,747)		(23,132)
Net current assets (liabilities)			(18,175)		(4,872)
Total assets less current liabilities			(7,514)		6,433
Creditors amounts falling due after one year	6		(16,250)		(19,728)
Net assets			(23,764)		(13,295)
Capital and reserves
Profit and loss account			(23,764)		(13,295)
Shareholders' funds			(23,764)		(13,295)

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 27 October 2026, and are signed on its behalf by:

FORSYTH, Steven
Director
Registered Company No. 08367143

SPALDING ELECTRICAL LTD

Notes to the Financial Statements
for the year ended 31 January 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	20
	Vehicles	20
	Office Equipment	20

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2026		2025
	Average number of employees during the year	1		1

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 February 25	14,674	23,540	11,469	49,683
Additions	-	-	1,981	1,981
At 31 January 26	14,674	23,540	13,450	51,664
Depreciation and impairment
At 01 February 25	10,557	20,134	7,687	38,378
Charge for year	1,029	852	744	2,625
At 31 January 26	11,586	20,986	8,431	41,003
Net book value
At 31 January 26	3,088	2,554	5,019	10,661
At 31 January 25	4,117	3,406	3,782	11,305

4.	Stocks

	2026	2025
	£	£
Work in progress	5,000	10,000
Total	5,000	10,000

5.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	15,059	9,159
Bank borrowings and overdrafts	8,274	5,145
Taxation and social security	6,414	381
Other creditors	-	8,447
Total	29,747	23,132


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

6.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	16,250	19,728
Total	16,250	19,728