5 June 2023 false No description of principal activity Taxfiler 2024.5 NI697870business:PrivateLimitedCompanyLtd2023-06-052024-06-30 NI6978702023-06-04 NI6978702023-06-052024-06-30 NI697870business:AuditExempt-NoAccountantsReport2023-06-052024-06-30 NI697870business:FilletedAccounts2023-06-052024-06-30 NI6978702024-06-30 NI697870business:Director12023-06-052024-06-30 NI697870business:Director22023-06-052024-06-30 NI697870business:RegisteredOffice2023-06-052024-06-30 NI697870core:WithinOneYear2024-06-30 NI697870core:AfterOneYear2024-06-30 NI697870core:ShareCapitalcore:PreviouslyStatedAmount2024-06-30 NI697870core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-30 NI697870core:PreviouslyStatedAmount2024-06-30 NI697870business:SmallEntities2023-06-052024-06-30 NI697870countries:NorthernIreland2023-06-052024-06-30 NI697870core:MotorVehicles2023-06-052024-06-30 NI697870core:IntangibleAssetsOtherThanGoodwill2023-06-04 NI697870core:IntangibleAssetsOtherThanGoodwill2023-06-052024-06-30 NI697870core:IntangibleAssetsOtherThanGoodwill2024-06-30 NI697870core:MotorVehicles2023-06-04 NI697870core:MotorVehicles2024-06-30 iso4217:GBP xbrli:pure
Company Registration No. NI697870 (Northern Ireland)
Portstewart Electrical Ltd Unaudited accounts for the period from 5 June 2023 to 30 June 2024
Portstewart Electrical Ltd Unaudited accounts Contents
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Portstewart Electrical Ltd Company Information for the period from 5 June 2023 to 30 June 2024
Directors
Jonathan Maxwell Liam Cunning
Company Number
NI697870 (Northern Ireland)
Registered Office
Dempseys of Portstewart 36 The Promenade Portstewart BT55 7AE United Kingdom
Accountants
Infotax Ltd River House Business Centre Castle Lane Coleraine BT51 3DR
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Portstewart Electrical Ltd Statement of financial position as at 30 June 2024
2024 
Notes
£ 
Fixed assets
Intangible assets
6,440 
Tangible assets
8,750 
15,190 
Current assets
Inventories
63,700 
Debtors
389 
Cash at bank and in hand
25,973 
90,062 
Creditors: amounts falling due within one year
(5,551)
Net current assets
84,511 
Total assets less current liabilities
99,701 
Creditors: amounts falling due after more than one year
(88,260)
Net assets
11,441 
Capital and reserves
Called up share capital
100 
Profit and loss account
11,341 
Shareholders' funds
11,441 
For the period ending 30 June 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 directors acknowledge their 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 of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by
Liam Cunning Director Company Registration No. NI697870
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Portstewart Electrical Ltd Notes to the Accounts for the period from 5 June 2023 to 30 June 2024
1
Statutory information
Portstewart Electrical Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI697870. The registered office is Dempseys of Portstewart, 36 The Promenade, Portstewart, BT55 7AE, 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.
3
Accounting policies
These financial statements for the period from 5 June 2023 to 30 June 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 5 June 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Motor vehicles
S/L
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 5 June 2023
- 
Additions
6,440 
At 30 June 2024
6,440 
Amortisation
At 5 June 2023
- 
At 30 June 2024
- 
Net book value
At 30 June 2024
6,440 
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Portstewart Electrical Ltd Notes to the Accounts for the period from 5 June 2023 to 30 June 2024
5
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 5 June 2023
- 
Additions
9,900 
At 30 June 2024
9,900 
Depreciation
Charge for the period
1,150 
At 30 June 2024
1,150 
Net book value
At 30 June 2024
8,750 
6
Debtors
2024 
£ 
Amounts falling due within one year
Trade debtors
389 
7
Creditors: amounts falling due within one year
2024 
£ 
VAT
4,879 
Trade creditors
(78)
Accruals
750 
5,551 
8
Creditors: amounts falling due after more than one year
2024 
£ 
Loans from directors
88,260 
9
Average number of employees
During the period the average number of employees was 2.
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