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Registered number: 09203900
PK Electrical Maintenance Ltd
Financial Statements
For The Year Ended 31 December 2023
Stubbs Parkin
55 Hoghton Street
Southport
Merseyside
PR9 0PG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09203900
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,802 7,667
5,802 7,667
CURRENT ASSETS
Stocks 5 1,500 1,500
Debtors 6 4,048 4,492
Cash at bank and in hand 1,926 2,275
7,474 8,267
Creditors: Amounts Falling Due Within One Year 7 (13,677 ) (13,542 )
NET CURRENT ASSETS (LIABILITIES) (6,203 ) (5,275 )
TOTAL ASSETS LESS CURRENT LIABILITIES (401 ) 2,392
NET (LIABILITIES)/ASSETS (401 ) 2,392
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (501 ) 2,292
SHAREHOLDERS' FUNDS (401) 2,392
Page 1
Page 2
For the year ending 31 December 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 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr P J Kirby
Director
4th September 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
PK Electrical Maintenance Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09203900 . The registered office is 30 New Street, Eccleston, Lancashire, PR7 5TW. The company's functional and presentational currency is GBP and no level of rounding has been used in the preparation of the financial statements.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% reducing balance basis
Fixtures & Fittings 20% reducing balance basis
Computer Equipment 20% reducing balance basis
2.4. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
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4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 32,317 2,701 2,345 37,363
As at 31 December 2023 32,317 2,701 2,345 37,363
Depreciation
As at 1 January 2023 25,668 2,194 1,834 29,696
Provided during the period 1,662 101 102 1,865
As at 31 December 2023 27,330 2,295 1,936 31,561
Net Book Value
As at 31 December 2023 4,987 406 409 5,802
As at 1 January 2023 6,649 507 511 7,667
5. Stocks
2023 2022
£ £
Materials 1,500 1,500
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 1,856 2,610
Other debtors 2,192 1,882
4,048 4,492
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,783 3,645
Other creditors 11,760 7,474
Taxation and social security 134 2,423
13,677 13,542
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8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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