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Company Registration No. 11342020 (England and Wales)
P.A.Nell Electrical Services Limited Unaudited accounts for the year ended 31 May 2023
P.A.Nell Electrical Services Limited Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,311 
6,094 
Current assets
Debtors
17,030 
2,036 
Cash at bank and in hand
60,139 
78,782 
77,169 
80,818 
Creditors: amounts falling due within one year
(81,508)
(87,270)
Net current liabilities
(4,339)
(6,452)
Net assets/(liabilities)
972 
(358)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
970 
(360)
Shareholders' funds
972 
(358)
For the year ending 31 May 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 director acknowledges his 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 and authorised for issue on 2 April 2024 and were signed on its behalf by
Peter Allen Nell Director Company Registration No. 11342020
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P.A.Nell Electrical Services Limited Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
P.A.Nell Electrical Services Limited is a private company, limited by shares, registered in England and Wales, registration number 11342020. The registered office is 3 New River Crescent, London, N13 5RD.
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
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 June 2022
12,093 
Additions
988 
At 31 May 2023
13,081 
Depreciation
At 1 June 2022
5,999 
Charge for the year
1,771 
At 31 May 2023
7,770 
Net book value
At 31 May 2023
5,311 
At 31 May 2022
6,094 
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P.A.Nell Electrical Services Limited Notes to the Accounts for the year ended 31 May 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
1,049 
- 
Trade debtors
3,028 
787 
Accrued income and prepayments
1,317 
1,006 
Other debtors
11,636 
243 
17,030 
2,036 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
37,242 
41,630 
VAT
- 
102 
Obligations under finance leases and hire purchase contracts
1,905 
4,524 
Taxes and social security
10,724 
9,889 
Other creditors
158 
231 
Loans from directors
31,479 
29,145 
Accruals
- 
1,749 
81,508 
87,270 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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