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REGISTERED NUMBER: 04963871















PAUL HEATH (ELECTRICAL) LIMITED

Unaudited Financial Statements for the Year Ended 31 October 2023






PAUL HEATH (ELECTRICAL) LIMITED (REGISTERED NUMBER: 04963871)

Contents of the Financial Statements
for the Year Ended 31 October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

PAUL HEATH (ELECTRICAL) LIMITED

Company Information
for the Year Ended 31 October 2023







DIRECTOR: P Heath





SECRETARY: Mrs J E Heath





REGISTERED OFFICE: Heathlands
Fox Road
Shipley
Wolverhampton
WV6 7EL





REGISTERED NUMBER: 04963871





ACCOUNTANTS: Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB

PAUL HEATH (ELECTRICAL) LIMITED (REGISTERED NUMBER: 04963871)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 322 429
322 429

CURRENT ASSETS
Debtors 6 50,190 60,966

CREDITORS
Amounts falling due within one year 7 33,588 35,922
NET CURRENT ASSETS 16,602 25,044
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,924

25,473

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 16,824 25,373
SHAREHOLDERS' FUNDS 16,924 25,473

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 29 February 2024 and were signed by:




P Heath - Director


PAUL HEATH (ELECTRICAL) LIMITED (REGISTERED NUMBER: 04963871)

Notes to the Financial Statements
for the Year Ended 31 October 2023


1. STATUTORY INFORMATION

Paul Heath (Electrical) Limited is a private company, limited by shares , registered in Not specified/Other. 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. 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 recognised at the point of service delivery.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, 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.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on cost

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference shares or non-puttable ordinary shares which are measured at fair value, with changes
recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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.


PAUL HEATH (ELECTRICAL) LIMITED (REGISTERED NUMBER: 04963871)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023


2. 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 30,000
AMORTISATION
At 1 November 2022
and 31 October 2023 30,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 November 2022
and 31 October 2023 3,918 1,638 5,556
DEPRECIATION
At 1 November 2022 3,489 1,638 5,127
Charge for year 107 - 107
At 31 October 2023 3,596 1,638 5,234
NET BOOK VALUE
At 31 October 2023 322 - 322
At 31 October 2022 429 - 429

PAUL HEATH (ELECTRICAL) LIMITED (REGISTERED NUMBER: 04963871)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 1,125 16,485
Directors' loan accounts 46,486 42,022
Prepayments 2,579 2,459
50,190 60,966

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 22,584 20,213
Trade creditors 1,851 5,142
Social security and other taxes 8,753 9,675
Accrued expenses 400 892
33,588 35,922

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100 Ordinary £1 100 100

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

31.10.23 31.10.22
£    £   
P Heath
Balance outstanding at start of year 42,022 42,085
Amounts advanced 56,942 50,897
Amounts repaid (52,478 ) (50,960 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 46,486 42,022

10. ULTIMATE CONTROLLING PARTY

The controlling party is P Heath.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Paul Heath (Electrical) Limited


The following reproduces the text of the report prepared for the director 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 Director 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 Paul Heath (Electrical) Limited for the year ended 31 October 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 director of Paul Heath (Electrical) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Paul Heath (Electrical) Limited and state those matters that we have agreed to state to the director of Paul Heath (Electrical) Limited 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 Paul Heath (Electrical) Limited and its director for our work or for this report.

It is your duty to ensure that Paul Heath (Electrical) 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 Paul Heath (Electrical) Limited. You consider that Paul Heath (Electrical) 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 Paul Heath (Electrical) 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.






Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB


1 March 2024