2023-04-01 11915972 2024-03-31 11915972 2023-04-01 2024-03-31 11915972 2023-03-31 11915972 2022-04-01 2023-03-31 11915972 uk-core:WithinOneYear 2023-03-31 11915972 uk-core:WithinOneYear 2024-03-31 11915972 uk-core:ShareCapital 2024-03-31 11915972 uk-core:ShareCapital 2023-03-31 11915972 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 11915972 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 11915972 uk-bus:Director1 2023-04-01 2024-03-31 11915972 uk-core:ToolsEquipment 2023-04-01 2024-03-31 11915972 uk-core:ComputerEquipment 2023-04-01 2024-03-31 11915972 uk-core:CommercialMotorVehicles 2023-04-01 2024-03-31 11915972 uk-core:ComputerEquipment 2023-03-31 11915972 uk-core:CommercialMotorVehicles 2023-03-31 11915972 uk-core:ToolsEquipment 2023-03-31 11915972 uk-core:ToolsEquipment 2024-03-31 11915972 uk-core:CommercialMotorVehicles 2024-03-31 11915972 uk-core:ComputerEquipment 2024-03-31 iso4217:GBP xbrli:pure 11915972 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 11915972 uk-bus:FRS102 2023-04-01 2024-03-31 11915972 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 11915972 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
PP Electrical Ltd
Registered Number:11915972
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
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
3
Registered Number :
11915972
As at 31 March 2024
PP Electrical Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
21,748
6,649
2
21,748
6,649
Current assets
Inventories
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
Capital and reserves
Called up share capital
1
1
Retained earnings
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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4
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.
Registered address:
6 Canning Street
Maidstone
Kent
The presentation currency is £ sterling.
1. Accounting policies
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
25% Straight line
33.33% Straight line
Computer Equipment
33.33% Reducing balance
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.
2 of 4
5
For the year ended 31 March 2024
PP Electrical Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Motor Vehicles
Equipment,
Plant and
Machinery
£
£
£
£
Cost or
valuation
At 01 April 2023
22,315
4,751
13,616
3,948
32,051
4,333
27,309
409
Additions
(3,750)
(13,616)
-
Disposals
(17,366)
At 31 March 2024
4,357
27,309
5,334
37,000
Provision for depreciation and impairment
At 01 April 2023
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)
-
On disposal
At 31 March 2024
15,252
2,390
9,102
3,760
At 31 March 2024
Net book value
597
18,207
2,944
21,748
At 31 March 2023
1,278
2,690
2,681
6,649
3. Inventories
2023
2024
£
£
Stocks
4,587
700
4. Trade and other receivables
2023
2024
£
£
Trade debtors
47,920
47,449
Other debtors
16,359
10,377
57,826
64,279
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6
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
£
£
Trade creditors
12,054
6,197
Taxation and social security
21,774
15,299
Other creditors
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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