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Company Registration No. 06277685 (England and Wales)
P R C Electrical Services Limited Unaudited accounts for the year ended 30 June 2023
P R C Electrical Services Limited Unaudited accounts Contents
Page
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P R C Electrical Services Limited Company Information for the year ended 30 June 2023
Directors
Mr Paul Russell Colwell Mrs Rachel Elizabeth Colwell
Company Number
06277685 (England and Wales)
Registered Office
30 Damask Gardens Waterlooville Hampshire PO7 8QZ
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P R C Electrical Services Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
12,778 
14,247 
Current assets
Inventories
1,500 
750 
Debtors
39,366 
36,236 
Cash at bank and in hand
87,724 
91,831 
128,590 
128,817 
Creditors: amounts falling due within one year
(120,828)
(90,934)
Net current assets
7,762 
37,883 
Total assets less current liabilities
20,540 
52,130 
Provisions for liabilities
Deferred tax
(2,544)
(2,707)
Net assets
17,996 
49,423 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
17,986 
49,413 
Shareholders' funds
17,996 
49,423 
For the year ending 30 June 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2023 and were signed on its behalf by
Mr Paul Russell Colwell Director Company Registration No. 06277685
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P R C Electrical Services Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
P R C Electrical Services Limited is a private company, limited by shares, registered in England and Wales, registration number 06277685. The registered office is 30 Damask Gardens, Waterlooville, Hampshire, PO7 8QZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
25% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 July 2022
40,000 
At 30 June 2023
40,000 
Amortisation
At 1 July 2022
40,000 
At 30 June 2023
40,000 
Net book value
At 30 June 2023
- 
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P R C Electrical Services Limited Notes to the Accounts for the year ended 30 June 2023
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2022
10,396 
17,998 
16,033 
44,427 
Additions
4,081 
- 
850 
4,931 
Disposals
(5,500)
- 
(7,900)
(13,400)
At 30 June 2023
8,977 
17,998 
8,983 
35,958 
Depreciation
At 1 July 2022
9,320 
10,406 
10,454 
30,180 
Charge for the year
1,289 
1,898 
1,607 
4,794 
On disposals
(4,949)
- 
(6,845)
(11,794)
At 30 June 2023
5,660 
12,304 
5,216 
23,180 
Net book value
At 30 June 2023
3,317 
5,694 
3,767 
12,778 
At 30 June 2022
1,076 
7,592 
5,579 
14,247 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
38,921 
36,236 
Accrued income and prepayments
445 
- 
39,366 
36,236 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
334 
- 
Taxes and social security
20,777 
19,661 
Other creditors
23 
3,289 
Loans from directors
95,694 
51,032 
Accruals
4,000 
16,952 
120,828 
90,934 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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