REGISTERED NUMBER: 06389692 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

G & C ELECTRICALS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

G J Vowles

K Budgen

SECRETARY:

REGISTERED OFFICE:

Llanover House

Llanover Road

Pontypridd

Rhondda Cynon Taff

CF37 4DY

REGISTERED NUMBER:

06389692 (England and Wales)

ACCOUNTANTS:

James de Frias

Chartered Accountants

Llanover House

Llanover Road

Pontypridd

Rhondda Cynon Taff

CF37 4DY

FIXED ASSETS

Intangible assets

4

6,300

8,400

Tangible assets

5

89,779

66,678

96,079

75,078

CURRENT ASSETS

Stocks

1,100

1,000

Debtors

6

103,813

103,906

Cash at bank

82,352

32,830

187,265

137,736

CREDITORS

Amounts falling due within one year

7

89,377

44,753

NET CURRENT ASSETS

97,888

92,983

TOTAL ASSETS LESS CURRENT LIABILITIES

193,967

168,061

CREDITORS

Amounts falling due after more than one year

8

(12,089

)

-

PROVISIONS FOR LIABILITIES

(22,445

)

(16,670

)

NET ASSETS

159,433

151,391

CAPITAL AND RESERVES

Called up share capital

110

110

Retained earnings

159,323

151,281

SHAREHOLDERS' FUNDS

159,433

151,391

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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 21 November 2025 and were signed on its behalf by:

G J Vowles - Director

1.	STATUTORY INFORMATION

G & C Electricals 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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

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 6 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2024

and 30 April 2025

42,000

AMORTISATION

At 1 May 2024

33,600

Amortisation for year

2,100

At 30 April 2025

35,700

NET BOOK VALUE

At 30 April 2025

6,300

At 30 April 2024

8,400

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 May 2024

10,179

5,674

134,707

6,500

157,060

Additions

-

-

41,580

1,005

42,585

At 30 April 2025

10,179

5,674

176,287

7,505

199,645

DEPRECIATION

At 1 May 2024

8,928

5,096

71,306

5,052

90,382

Charge for year

313

144

18,385

642

19,484

At 30 April 2025

9,241

5,240

89,691

5,694

109,866

NET BOOK VALUE

At 30 April 2025

938

434

86,596

1,811

89,779

At 30 April 2024

1,251

578

63,401

1,448

66,678

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

89,049

92,595

Other debtors

14,764

11,311

103,813

103,906

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Hire purchase contracts

8,292

-

Trade creditors

52,759

7,797

Taxation and social security

20,231

27,696

Other creditors

8,095

9,260

89,377

44,753

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Hire purchase contracts

12,089

-

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2025 and 30 April 2024:

30.4.25

30.4.24

£

£

G J Vowles

Balance outstanding at start of year

(8,984

)

(5,248

)

Amounts advanced

39,458

56,090

Amounts repaid

(38,341

)

(59,826

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(7,867

)

(8,984

)

K Budgen

Balance outstanding at start of year

(276

)

10

Amounts advanced

38,142

30,700

Amounts repaid

(38,095

)

(30,986

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(229

)

(276

)

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G J Vowles.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of G & C Electricals Limited for the year ended 30 April 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of G & C Electricals Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of G & C Electricals Limited and state those matters that we have agreed to state to the Board of Directors of G & C Electricals Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than G & C Electricals Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that G & C Electricals Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of G & C Electricals Limited. You consider that G & C Electricals Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of G & C Electricals Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

James de Frias

Chartered Accountants

Llanover House

Llanover Road

Pontypridd

Rhondda Cynon Taff

CF37 4DY

21 November 2025