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REGISTERED NUMBER: 09921582















Financial Statements for the Year Ended 31 March 2024

for

Paul Smale Electrical Services Ltd

Paul Smale Electrical Services Ltd (Registered number: 09921582)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Paul Smale Electrical Services Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: P W Smale





REGISTERED OFFICE: 72 The Broadway
Didcot
Oxfordshire
OX11 8AE





REGISTERED NUMBER: 09921582





ACCOUNTANTS: K P Cox Accounting Ltd
35 Penpont Water
Didcot
Oxfordshire
OX11 7LR

Paul Smale Electrical Services Ltd (Registered number: 09921582)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,598 12,613

CURRENT ASSETS
Stocks 3,000 2,000
Debtors 5 27,766 39,235
Cash at bank 5,169 -
35,935 41,235
CREDITORS
Amounts falling due within one year 6 37,416 39,548
NET CURRENT (LIABILITIES)/ASSETS (1,481 ) 1,687
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,117

14,300

CREDITORS
Amounts falling due after more than one
year

7

8,906

14,164
NET ASSETS 211 136

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 111 36
SHAREHOLDERS' FUNDS 211 136

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Paul Smale Electrical Services Ltd (Registered number: 09921582)

Balance Sheet - continued
31 March 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 director and authorised for issue on 8 September 2024 and were signed by:





P W Smale - Director


Paul Smale Electrical Services Ltd (Registered number: 09921582)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Paul Smale Electrical Services Ltd is a private company, limited by shares , registered in Not specified/Other. 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.
Plant and machinery etc - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2023 - 4 ) .

Paul Smale Electrical Services Ltd (Registered number: 09921582)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 32,761
DEPRECIATION
At 1 April 2023 20,148
Charge for year 2,015
At 31 March 2024 22,163
NET BOOK VALUE
At 31 March 2024 10,598
At 31 March 2023 12,613

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 14,961 29,235
Other debtors 12,805 10,000
27,766 39,235

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 5,000 12,834
Hire purchase contracts - 324
Trade creditors 5,361 7,863
Taxation and social security 24,285 17,627
Other creditors 2,770 900
37,416 39,548

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 8,906 14,164

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

Paul Smale Electrical Services Ltd (Registered number: 09921582)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
P W Smale
Balance outstanding at start of year 10,000 18,250
Amounts advanced 10,000 10,000
Amounts repaid (10,000 ) (18,250 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,000 10,000