Registered Number:11915972 |
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2024
PP Electrical Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
PP Electrical Ltd
Statement of Financial Position
2023
2024
Property, plant and equipment |
21,748
6,649
2
21,748
6,649
700
4,587
3
Trade and other receivables |
57,826
64,279
4
97,779
Cash and cash equivalents |
43,128
111,994
156,305
Trade and other payables: amounts falling due within one |
year |
(126,121)
(84,576)
5
30,184
27,418
Net current assets
Total assets less current liabilities |
49,166
36,833
(5,437)
(1,662)
Provisions for liabilities |
43,729
Net assets
35,171
1
1
43,728
35,170
43,729
35,171
Shareholders' funds
For the year ended 31 March 2024 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr Paul Jermaine Parnell Director |
These financial statements were approved and authorised for issue by the Board on 01 July 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 March 2024
PP Electrical Ltd
Notes to the Financial Statements
Statutory Information
PP Electrical Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number |
11915972. |
6 Canning Street
Maidstone
Kent
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, for electrical installation services.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Equipment, Plant and Machinery
Computer Equipment
Motor Vehicles
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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For the year ended 31 March 2024
PP Electrical Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor Vehicles
Equipment, |
Plant and |
Machinery |
22,315
4,751
13,616
3,948
32,051
4,333
27,309
409
(3,750)
(13,616)
-
(17,366)
4,357
27,309
5,334
37,000
Provision for depreciation and impairment |
15,666
2,070
10,926
2,670
Charge for year
11,761
1,569
9,102
1,090
(12,175)
(1,249)
(10,926)
-
15,252
2,390
9,102
3,760
597
18,207
2,944
21,748
1,278
2,690
2,681
6,649
2023
2024
4,587
700
4. Trade and other receivables |
2023
2024
47,920
47,449
16,359
10,377
57,826
64,279
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For the year ended 31 March 2024
PP Electrical Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year |
2023
2024
12,054
6,197
Taxation and social security |
21,774
15,299
50,748
104,625
84,576
126,121
6. Average number of persons employed |
During the year the average number of employees was 1 (2023 : 2)
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