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REGISTERED NUMBER: 14698156 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MARCH 2023 TO 31 MARCH 2024

FOR

PLATINUM ELECTRICAL
(GLOUCESTERSHIRE) LTD

PLATINUM ELECTRICAL
(GLOUCESTERSHIRE) LTD (REGISTERED NUMBER: 14698156)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2023 TO 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PLATINUM ELECTRICAL
(GLOUCESTERSHIRE) LTD

COMPANY INFORMATION
FOR THE PERIOD 1 MARCH 2023 TO 31 MARCH 2024







DIRECTORS: S Bryan
J J Bryan





SECRETARY:





REGISTERED OFFICE: 2 Court Mews
Charlton Kings
Cheltenham
Gloucestershire
GL52 6HS





REGISTERED NUMBER: 14698156 (England and Wales)





ACCOUNTANTS: Devereux & Co
2 Court Mews
268 London Road
Charlton Kings
Cheltenham
Gloucestershire
GL52 6HS

PLATINUM ELECTRICAL
(GLOUCESTERSHIRE) LTD (REGISTERED NUMBER: 14698156)

BALANCE SHEET
31 MARCH 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 23,408

CURRENT ASSETS
Stocks 2,400
Debtors 5 4,855
Cash at bank 361
7,616
CREDITORS
Amounts falling due within one year 6 16,173
NET CURRENT LIABILITIES (8,557 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,851

CREDITORS
Amounts falling due after more than one
year

7

14,812
NET ASSETS 39

CAPITAL AND RESERVES
Called up share capital 2
Retained earnings 37
39

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

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

The directors acknowledge their 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.

PLATINUM ELECTRICAL
(GLOUCESTERSHIRE) LTD (REGISTERED NUMBER: 14698156)

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 Board of Directors and authorised for issue on 17 August 2024 and were signed on its behalf by:




S Bryan - Director



J J Bryan - Director


PLATINUM ELECTRICAL
(GLOUCESTERSHIRE) LTD (REGISTERED NUMBER: 14698156)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2023 TO 31 MARCH 2024

1. STATUTORY INFORMATION

Platinum Electrical (Gloucestershire) Ltd is a private company, limited by shares , registered in England and Wales. 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

PLATINUM ELECTRICAL
(GLOUCESTERSHIRE) LTD (REGISTERED NUMBER: 14698156)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2023 TO 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 30,921
At 31 March 2024 30,921
DEPRECIATION
Charge for period 7,513
At 31 March 2024 7,513
NET BOOK VALUE
At 31 March 2024 23,408

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 1,920
Other debtors 2,935
4,855

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Hire purchase contracts 7,461
Trade creditors 3,192
Taxation and social security 2,630
Other creditors 2,890
16,173

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Hire purchase contracts 14,812

8. RELATED PARTY DISCLOSURES

During the period, total dividends of £22,532 were paid to the directors .