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REGISTERED NUMBER: 08880721 (England and Wales)










Unaudited Financial Statements for the Year Ended 28 February 2024

for

Pws Electrical Limited

Pws Electrical Limited (Registered number: 08880721)






Contents of the Financial Statements
for the Year Ended 28 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pws Electrical Limited

Company Information
for the Year Ended 28 February 2024







DIRECTOR: Paul William Smyth





REGISTERED OFFICE: 4 Capricorn Centre
Cranes Farm Road
Basildon
Essex
SS14 3JJ





REGISTERED NUMBER: 08880721 (England and Wales)





ACCOUNTANTS: Robert Lewis Accountants
4 Capricorn Centre
Cranes Farm Road
Basildon
Essex
SS14 3JJ

Pws Electrical Limited (Registered number: 08880721)

Balance Sheet
28 February 2024

28.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,897 3,408

CURRENT ASSETS
Debtors 5 38,248 32,532
Cash at bank 7,468 3,065
45,716 35,597
CREDITORS
Amounts falling due within one year 6 28,014 22,043
NET CURRENT ASSETS 17,702 13,554
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,599

16,962

CREDITORS
Amounts falling due after more than one
year

7

(5,982

)

(11,082

)

PROVISIONS FOR LIABILITIES (576 ) (648 )
NET ASSETS 14,041 5,232

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 14,039 5,230
SHAREHOLDERS' FUNDS 14,041 5,232

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

Pws Electrical Limited (Registered number: 08880721)

Balance Sheet - continued
28 February 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 July 2024 and were signed by:





Paul William Smyth - Director


Pws Electrical Limited (Registered number: 08880721)

Notes to the Financial Statements
for the Year Ended 28 February 2024

1. STATUTORY INFORMATION

Pws Electrical Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Pws Electrical Limited (Registered number: 08880721)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 28 February 2024 5,550
DEPRECIATION
At 1 March 2023 2,142
Charge for year 511
At 28 February 2024 2,653
NET BOOK VALUE
At 28 February 2024 2,897
At 28 February 2023 3,408

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Trade debtors 3,162 -
Amounts owed by group undertakings 34,633 21,735
Other debtors 453 10,797
38,248 32,532

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Bank loans and overdrafts 4,500 4,500
Trade creditors (2 ) (2 )
Taxation and social security 16,582 11,662
Other creditors 6,934 5,883
28,014 22,043

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.24 28.2.23
£    £   
Bank loans 5,982 11,082

8. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr Paul Smyth by virtue of a major shareholding.