P & M Electrics Bexhill Ltd Filleted Accounts Cover
P & M Electrics Bexhill Ltd
Company No. 12012634
Information for Filing with The Registrar
30 June 2023
P & M Electrics Bexhill Ltd Directors Report Registrar
The Directors present their report and the accounts for the year ended 30 June 2023.
Principal activities
The principal activity of the company during the year under review was Electricians.
Directors
The Directors who served at any time during the year were as follows:
J. Weaver
M. Weaver
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
J. Weaver
Director
26 March 2024
P & M Electrics Bexhill Ltd Balance Sheet Registrar
at
30 June 2023
Company No.
12012634
Notes
2023
2022
£
£
Fixed assets
Tangible assets
4
965-
965-
Current assets
Debtors
5
7,4528,855
Cash at bank and in hand
2,0509,263
9,50218,118
Creditors: Amount falling due within one year
6
(14,762)
(7,659)
Net current (liabilities)/assets
(5,260)
10,459
Total assets less current liabilities
(4,295)
10,459
Creditors: Amounts falling due after more than one year
7
(8,742)
(10,453)
Net (liabilities)/assets
(13,037)
6
Capital and reserves
Called up share capital
22
Profit and loss account
9
(13,039)
4
Total equity
(13,037)
6
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 26 March 2024 and signed on its behalf by:
J. Weaver
Director
26 March 2024
P & M Electrics Bexhill Ltd Notes to the Accounts Registrar
for the year ended 30 June 2023
1
General information
P & M Electrics Bexhill Ltd is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 12012634
Its registered office is:
The Old Dairy, Mill Farm
Hankham Hall Road, Hankham
Pevensey
East Sussex
BN24 5AG
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
32
4
Tangible fixed assets
Fixtures, fittings and equipment
Total
£
£
Cost or revaluation
Additions
1,2061,206
At 30 June 2023
1,2061,206
Depreciation
Charge for the year
241241
At 30 June 2023
241241
Net book values
At 30 June 2023
965965
5
Debtors
2023
2022
£
£
Trade debtors
7,4526,925
Loans to directors
-1,930
7,4528,855
6
Creditors:
amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
1,7103,552
Taxes and social security
5,946
4,108
Loans from directors
4,508-
Other creditors
2,596-
Accruals and deferred income
2
(1)
14,7627,659
7
Creditors:
amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
8,74210,453
8,74210,453
8
Share Capital
2 ordinary shares of £1 each, issued and fully paid.
9
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
10
Dividends
2023
2022
£
£
Dividends for the period:
Dividends paid in the period
-
6,700
-
6,700
Dividends by type:
Equity dividends
-6,700
-
6,700
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