Company Registration No. 11682360 (England and Wales)
PG Electrical Maintenance Ltd
Unaudited accounts
for the year ended 30 November 2023
PG Electrical Maintenance Ltd
Unaudited accounts
Contents
PG Electrical Maintenance Ltd
Company Information
for the year ended 30 November 2023
Company Number
11682360 (England and Wales)
Registered Office
Unit E8 Basepoint Business Centre
Great Marlings
Luton
LU2 8DL
UNITED KINGDOM
Accountants
Bidwell Accountancy Limited
157 Milton Keynes Business Centre
Foxhunter Drive
Milton Keynes
Buckinghamshire
MK14 6GD
PG Electrical Maintenance Ltd
Statement of financial position
as at 30 November 2023
Tangible assets
84,286
59,814
Cash at bank and in hand
65,477
74,828
Creditors: amounts falling due within one year
(109,324)
(86,078)
Net current assets
5,691
18,307
Called up share capital
20
10
Profit and loss account
89,957
78,111
Shareholders' funds
89,977
78,121
For the year ending 30 November 2023 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 19 August 2024 and were signed on its behalf by
Paul Goodman
Director
Company Registration No. 11682360
PG Electrical Maintenance Ltd
Notes to the Accounts
for the year ended 30 November 2023
PG Electrical Maintenance Ltd is a private company, limited by shares, registered in England and Wales, registration number 11682360. The registered office is Unit E8 Basepoint Business Centre, Great Marlings, Luton, LU2 8DL, UNITED KINGDOM.
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
25% Reducing Balance
Motor vehicles
5 Year Straight Line
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 December 2022
1,370
90,954
-
6,369
98,693
Additions
-
58,915
796
1,567
61,278
Disposals
-
(11,749)
-
(1,134)
(12,883)
At 30 November 2023
1,370
138,120
796
6,802
147,088
At 1 December 2022
615
37,323
-
941
38,879
Charge for the year
189
32,414
149
1,288
34,040
On disposals
-
(10,117)
-
-
(10,117)
At 30 November 2023
804
59,620
149
2,229
62,802
At 30 November 2023
566
78,500
647
4,573
84,286
At 30 November 2022
755
53,631
-
5,428
59,814
PG Electrical Maintenance Ltd
Notes to the Accounts
for the year ended 30 November 2023
Amounts falling due within one year
Trade debtors
47,815
29,557
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
12,868
10,402
Obligations under finance leases and hire purchase contracts
19,583
-
Trade creditors
56,939
45,807
Taxes and social security
8,579
12,861
Loans from directors
-
4,258
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).