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REGISTERED NUMBER: 02924921 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

PETER FOWLER (ELECTRICAL) LIMITED

PETER FOWLER (ELECTRICAL) LIMITED (REGISTERED NUMBER: 02924921)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PETER FOWLER (ELECTRICAL) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: P Fowler
Mrs C Fowler
D P Fowler





SECRETARY: Mrs C Fowler





REGISTERED OFFICE: Unit 3, Derby Road
Wheatley
Doncaster
South Yorkshire
DN2 4PQ





REGISTERED NUMBER: 02924921 (England and Wales)





ACCOUNTANTS: A Wigglesworth and Company Ltd
Chartered Accountants
Armstrong House
First Avenue
Finningley
Doncaster
South Yorkshire
DN9 3GA

PETER FOWLER (ELECTRICAL) LIMITED (REGISTERED NUMBER: 02924921)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 732,660 809,742

CURRENT ASSETS
Stocks 69,678 135,434
Debtors 5 1,187,154 991,513
Cash at bank and in hand 3,856,724 3,105,448
5,113,556 4,232,395
CREDITORS
Amounts falling due within one year 6 511,678 330,737
NET CURRENT ASSETS 4,601,878 3,901,658
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,334,538

4,711,400

PROVISIONS FOR LIABILITIES 6,246 21,431
NET ASSETS 5,328,292 4,689,969

CAPITAL AND RESERVES
Called up share capital 166 166
Retained earnings 5,328,126 4,689,803
SHAREHOLDERS' FUNDS 5,328,292 4,689,969

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

PETER FOWLER (ELECTRICAL) LIMITED (REGISTERED NUMBER: 02924921)

BALANCE SHEET - continued
30 APRIL 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 Board of Directors and authorised for issue on 21 August 2024 and were signed on its behalf by:





D P Fowler - Director


PETER FOWLER (ELECTRICAL) LIMITED (REGISTERED NUMBER: 02924921)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Peter Fowler (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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 1% on cost or revalued amount
Improvements to property - 10% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Improvements to property has now been fully depreciated.

Fixtures and fittings have now been fully depreciated.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


PETER FOWLER (ELECTRICAL) LIMITED (REGISTERED NUMBER: 02924921)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2023 - 36 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 May 2023
and 30 April 2024 725,450 64,239 16,620
DEPRECIATION
At 1 May 2023 51,911 64,239 11,489
Charge for year 7,254 - 928
At 30 April 2024 59,165 64,239 12,417
NET BOOK VALUE
At 30 April 2024 666,285 - 4,203
At 30 April 2023 673,539 - 5,131

PETER FOWLER (ELECTRICAL) LIMITED (REGISTERED NUMBER: 02924921)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023
and 30 April 2024 6,773 523,786 46,504 1,383,372
DEPRECIATION
At 1 May 2023 6,773 392,938 46,280 573,630
Charge for year - 68,682 218 77,082
At 30 April 2024 6,773 461,620 46,498 650,712
NET BOOK VALUE
At 30 April 2024 - 62,166 6 732,660
At 30 April 2023 - 130,848 224 809,742

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST
At 1 May 2023
and 30 April 2024 72,000
DEPRECIATION
At 1 May 2023 48,000
Charge for year 18,000
At 30 April 2024 66,000
NET BOOK VALUE
At 30 April 2024 6,000
At 30 April 2023 24,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 546,057 472,881
Amounts owed by group undertakings 497,984 418,208
Other debtors 143,113 100,424
1,187,154 991,513

PETER FOWLER (ELECTRICAL) LIMITED (REGISTERED NUMBER: 02924921)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 104,324 166,510
Taxation and social security 372,068 135,913
Other creditors 35,286 28,314
511,678 330,737

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
D P Fowler
Balance outstanding at start of year 90 9,933
Amounts advanced - 6,157
Amounts repaid - (16,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 90 90

At the year end the company owed P Fowler £216 (2023 - £216).

8. ULTIMATE CONTROLLING PARTY

There is no overall controlling party.