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REGISTERED NUMBER: 04910257 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

P M W ELECTRICAL LIMITED

P M W ELECTRICAL LIMITED (REGISTERED NUMBER: 04910257)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P M W ELECTRICAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018







DIRECTORS: P M Wood
D Oliver





SECRETARY: Mrs B A Wood





REGISTERED OFFICE: Suite 3, J2 Business Park
Bridge Hall Lane
Bury
Lancashire
BL9 7NY





REGISTERED NUMBER: 04910257 (England and Wales)





ACCOUNTANTS: P B Syddall & Co
Chartered Accountants
Grafton House
81 Chorley Old Road
Bolton
Lancashire
BL1 3AJ

P M W ELECTRICAL LIMITED (REGISTERED NUMBER: 04910257)

BALANCE SHEET
31 MARCH 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 30,026 32,287
30,026 32,287

CURRENT ASSETS
Stocks 7 55,306 24,321
Debtors 8 358,670 374,853
Cash at bank and in hand 17,110 810
431,086 399,984
CREDITORS
Amounts falling due within one year 9 439,412 425,290
NET CURRENT LIABILITIES (8,326 ) (25,306 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,700

6,981

PROVISIONS FOR LIABILITIES 5,705 6,458
NET ASSETS 15,995 523

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 15,985 513
SHAREHOLDERS' FUNDS 15,995 523

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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.

P M W ELECTRICAL LIMITED (REGISTERED NUMBER: 04910257)

BALANCE SHEET - continued
31 MARCH 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 26 October 2018 and were signed on its behalf by:





P M Wood - Director


P M W ELECTRICAL LIMITED (REGISTERED NUMBER: 04910257)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

1. STATUTORY INFORMATION

P M W Electrical 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.



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 2005, is being amortised evenly over its estimated useful life of ten 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.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing
stocks to their present location and condition.

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.


P M W ELECTRICAL LIMITED (REGISTERED NUMBER: 04910257)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

3. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under
hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are
depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the
future payments is treated as a liability.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2017 - 7 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2017
and 31 March 2018 12,000
AMORTISATION
At 1 April 2017
and 31 March 2018 12,000
NET BOOK VALUE
At 31 March 2018 -
At 31 March 2017 -

P M W ELECTRICAL LIMITED (REGISTERED NUMBER: 04910257)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

6. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2017 53,016 38,667 91,683
Additions 4,026 - 4,026
At 31 March 2018 57,042 38,667 95,709
DEPRECIATION
At 1 April 2017 29,122 30,274 59,396
Charge for year 4,188 2,099 6,287
At 31 March 2018 33,310 32,373 65,683
NET BOOK VALUE
At 31 March 2018 23,732 6,294 30,026
At 31 March 2017 23,894 8,393 32,287

7. STOCKS
2018 2017
£    £   
Work-in-progress 55,306 24,321

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 328,821 320,360
Amounts owed by group undertakings 4,430 -
Directors current account - 43,073
Tax 13,999 -
Prepayments and accrued income 11,420 11,420
358,670 374,853

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 101,063 99,535
Amounts owed to associated company - 6,500
Tax 44,141 28,274
Social security and other taxes 8,320 10,367
VAT 43,599 38,397
Other creditors 235,844 236,151
Directors current account 215 -
Accrued expenses 6,230 6,066
439,412 425,290

P M W ELECTRICAL LIMITED (REGISTERED NUMBER: 04910257)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

10. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Other creditors 235,844 236,151

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2018 and 31 March 2017:

2018 2017
£    £   
P M Wood
Balance outstanding at start of year (43,073 ) 71
Amounts advanced - (43,144 )
Amounts repaid 43,288 -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 215 (43,073 )

12. RELATED PARTY DISCLOSURES

During the year the company advanced monies totalling £11,310 to Millot Investments Limited a company in which
director P M Wood is materially interested in as director and shareholder. This leaves a balance of £4,810 due to P M
W Electrical Limited included in debtors. (2017: £6,500 in creditors).