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Company Registration No. 03555145 (England and Wales)
PSP Electrical Services Limited Unaudited accounts for the year ended 30 April 2024
PSP Electrical Services Limited Unaudited accounts Contents
Page
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PSP Electrical Services Limited Company Information for the year ended 30 April 2024
Director
Paul Papworth
Company Number
03555145 (England and Wales)
Registered Office
Sun Place 13 Sun Street Biggleswade Beds SG18 0BP
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PSP Electrical Services Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
69,069 
35,647 
Current assets
Inventories
5,700 
5,000 
Debtors
151,636 
89,208 
Cash at bank and in hand
157,730 
119,234 
315,066 
213,442 
Creditors: amounts falling due within one year
(145,756)
(63,023)
Net current assets
169,310 
150,419 
Net assets
238,379 
186,066 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
238,377 
186,064 
Shareholders' funds
238,379 
186,066 
For the year ending 30 April 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 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 31 July 2024 and were signed on its behalf by
Paul Papworth Director Company Registration No. 03555145
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PSP Electrical Services Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
PSP Electrical Services Limited is a private company, limited by shares, registered in England and Wales, registration number 03555145. The registered office is Sun Place, 13 Sun Street, Biggleswade, Beds, SG18 0BP.
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:
Motor vehicles
18%
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 May 2023
53,455 
Additions
60,495 
Disposals
(15,000)
At 30 April 2024
98,950 
Depreciation
At 1 May 2023
17,808 
Charge for the year
15,161 
Surplus on revaluation
(3,088)
At 30 April 2024
29,881 
Net book value
At 30 April 2024
69,069 
At 30 April 2023
35,647 
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PSP Electrical Services Limited Notes to the Accounts for the year ended 30 April 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
141,636 
61,708 
Other debtors
10,000 
27,500 
151,636 
89,208 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
52,983 
20,532 
Trade creditors
43,091 
24,684 
Taxes and social security
49,682 
17,807 
145,756 
63,023 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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