Company Registration No. 12488354 (England and Wales)
J PASCOE ELECTRICAL LTD
Unaudited accounts
for the year ended 29 February 2024
J PASCOE ELECTRICAL LTD
Unaudited accounts
Contents
J PASCOE ELECTRICAL LTD
Company Information
for the year ended 29 February 2024
Director
William Jack PASCOE
Company Number
12488354 (England and Wales)
Registered Office
57 WENDRON STREET
HELSTON
TR13 8PT
ENGLAND
Accountants
BRENDAN THOMAS
BUMBLE BEE ACCOUNTANCY LTD
57 WENDRON STREET
HELSTON
CORNWALL
TR13 8PT
J PASCOE ELECTRICAL LTD
Statement of financial position
as at 29 February 2024
Tangible assets
31,894
7,710
Cash at bank and in hand
46,096
77,213
Creditors: amounts falling due within one year
(7,476)
(21,664)
Net current assets
58,419
66,522
Called up share capital
100
100
Profit and loss account
90,213
74,132
Shareholders' funds
90,313
74,232
For the year ending 29 February 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 23 August 2024 and were signed on its behalf by
William Jack PASCOE
Director
Company Registration No. 12488354
J PASCOE ELECTRICAL LTD
Notes to the Accounts
for the year ended 29 February 2024
J PASCOE ELECTRICAL LTD is a private company, limited by shares, registered in England and Wales, registration number 12488354. The registered office is 57 WENDRON STREET, HELSTON, TR13 8PT, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Plant & machinery
Reducing balance at 25%
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 March 2023
17,340
4,500
21,840
Disposals
-
(4,500)
(4,500)
At 29 February 2024
56,655
-
56,655
At 1 March 2023
13,005
1,125
14,130
Charge for the year
10,631
-
10,631
Surplus on revaluation
1,125
-
1,125
On disposals
-
(1,125)
(1,125)
At 29 February 2024
24,761
-
24,761
At 29 February 2024
31,894
-
31,894
At 28 February 2023
4,335
3,375
7,710
J PASCOE ELECTRICAL LTD
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due after more than one year
Trade debtors
19,799
10,973
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
8,564
5,921
Taxes and social security
4,392
9,342
Loans from directors
(11,312)
2,684
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).