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Company Registration No. 03345277 (England and Wales)
P.M. Hughes Electrical Limited Unaudited accounts for the year ended 31 May 2024
P.M. Hughes Electrical Limited Unaudited accounts Contents
Page
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P.M. Hughes Electrical Limited Company Information for the year ended 31 May 2024
Directors
S Palser I Robertson
Company Number
03345277 (England and Wales)
Registered Office
77 BURYFIELD ROAD SOLIHULL WEST MIDLANDS B91 2DG
Accountants
Mosaic Accounting Limited 8 Millers Close Welford on Avon Stratford upon Avon Warwickshire CV37 8QG
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P.M. Hughes Electrical Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,616 
9,116 
Current assets
Inventories
1,635 
1,635 
Debtors
4,246 
11,872 
Cash at bank and in hand
16,947 
20,108 
22,828 
33,615 
Creditors: amounts falling due within one year
(18,864)
(27,099)
Net current assets
3,964 
6,516 
Net assets
10,580 
15,632 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
10,480 
15,532 
Shareholders' funds
10,580 
15,632 
For the year ending 31 May 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 1 October 2024 and were signed on its behalf by
S Palser Director Company Registration No. 03345277
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P.M. Hughes Electrical Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
P.M. Hughes Electrical Limited is a private company, limited by shares, registered in England and Wales, registration number 03345277. The registered office is 77 BURYFIELD ROAD, SOLIHULL, WEST MIDLANDS, B91 2DG.
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
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.
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
25% reducing balance.
Computer equipment
25% reducing balance.
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
16,615 
1,293 
17,908 
At 31 May 2024
16,615 
1,293 
17,908 
Depreciation
At 1 June 2023
7,500 
1,292 
8,792 
Charge for the year
2,500 
- 
2,500 
At 31 May 2024
10,000 
1,292 
11,292 
Net book value
At 31 May 2024
6,615 
1 
6,616 
At 31 May 2023
9,115 
1 
9,116 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,713 
11,872 
Accrued income and prepayments
533 
- 
4,246 
11,872 
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P.M. Hughes Electrical Limited Notes to the Accounts for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
776 
1,908 
Obligations under finance leases and hire purchase contracts
- 
1,918 
Trade creditors
3,449 
5,296 
Taxes and social security
- 
2,048 
Loans from directors
13,939 
15,229 
Accruals
700 
700 
18,864 
27,099 
7
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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