P.S ELECTROTECH LTD

Company Registration Number:
13020648 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2021

Period of accounts

Start date: 15 November 2020

End date: 30 November 2021

P.S ELECTROTECH LTD

Contents of the Financial Statements

for the Period Ended 30 November 2021

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

P.S ELECTROTECH LTD

Company Information

for the Period Ended 30 November 2021




Director: Pawandeep SINGH
Registered office: 17
Westbrook Avenue
Gorleston
Great Yarmouth
England
NR31 8DB
Company Registration Number: 13020648 (England and Wales)

P.S ELECTROTECH LTD

Directors' Report Period Ended 30 November 2021

The directors present their report with the financial statements of the company for the period ended 30 November 2021

Principal Activities

Repair and maintenance of other transport equipment not elsewhere classified. Sale of used cars and light motor vehicles.

Directors

The director(s) shown below were appointed to the company during the period
Pawandeep SINGH
15 November 2020

This report was approved by the board of directors on 15 August 2022
And Signed On Behalf Of The Board By:

Name: Pawandeep SINGH
Status: Director

P.S ELECTROTECH LTD

Profit and Loss Account

for the Period Ended 30 November 2021


Notes
13 months to
30 Nov 2021
£
Turnover 25,010
Gross Profit or (Loss) 25,010
Distribution Costs ( 8,400 )
Administrative Expenses ( 15,304 )
Operating Profit or (Loss) 1,306
Profit or (Loss) Before Tax 1,306
Tax on Profit ( 163 )
Profit or (Loss) for Period 1,143

The notes form part of these financial statements

P.S ELECTROTECH LTD

Balance sheet

As at 30 November 2021


Notes
13 months to
30 Nov 2021
£
Fixed assets
Tangible assets: 4 450
Total fixed assets: 450
Current assets
Cash at bank and in hand: 4,453
Total current assets: 4,453
Creditors: amounts falling due within one year: 5 ( 3,660 )
Net current assets (liabilities): 793
Total assets less current liabilities: 1,243
Total net assets (liabilities): 1,243

The notes form part of these financial statements

P.S ELECTROTECH LTD

Balance sheet continued

As at 30 November 2021


Notes
13 months to
30 Nov 2021
£
Capital and reserves
Called up share capital: 100
Profit and loss account: 1,143
Shareholders funds: 1,243

For the year ending 30 November 2021 the company was entitled to exemption 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 15 August 2022
And Signed On Behalf Of The Board By:

Name: Pawandeep SINGH
Status: Director

The notes form part of these financial statements

P.S ELECTROTECH LTD

Notes to the Financial Statements

for the Period Ended 30 November 2021

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    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 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.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative
    impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land,
    at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its
    expected useful life, as follows:

    Equipment, Fixtures & fittings: 25% Reducing balance

    Motor Vehicles: 25% Reducing balance

P.S ELECTROTECH LTD

Notes to the Financial Statements

for the Period Ended 30 November 2021

  • 2. Employees

    13 months to
    30 Nov 2021
    Average number of employees during the period 1

P.S ELECTROTECH LTD

Notes to the Financial Statements

for the Period Ended 30 November 2021

  • 3. Off balance sheet disclosure

    No

P.S ELECTROTECH LTD

Notes to the Financial Statements

for the Period Ended 30 November 2021

4. Tangible assets

Plant & machinery Total
Cost £ £
Additions 600 600
Disposals - -
Revaluations - -
Transfers - -
At 30 November 2021 600 600
Depreciation
Charge for year 150 150
On disposals - -
Other adjustments - -
At 30 November 2021 150 150
Net book value
At 30 November 2021 450 450

P.S ELECTROTECH LTD

Notes to the Financial Statements

for the Period Ended 30 November 2021

5.Creditors: amounts falling due within one year note

13 months to
30 Nov 2021
£
Taxation and social security 163
Other creditors 3,497
Total 3,660