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REGISTERED NUMBER: 11752876 (England and Wales)












Financial Statements

for the Year Ended 31 January 2024

for

Peter Heywood Electrical
Services Limited

Peter Heywood Electrical
Services Limited (Registered number: 11752876)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Peter Heywood Electrical
Services Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: P Heywood





REGISTERED OFFICE: 52 Dundee Lane
Ramsbottom
Bury
Greater Manchester
BL0 9HL





REGISTERED NUMBER: 11752876 (England and Wales)





ACCOUNTANTS: Archwood Accountants
Archwood House
46-48 Long Street
Middleton
Manchester
M24 6UQ

Peter Heywood Electrical
Services Limited (Registered number: 11752876)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,667 6,667
Tangible assets 5 174 232
5,841 6,899

CURRENT ASSETS
Stocks 4,000 3,000
Debtors 6 28,452 38,029
Cash at bank 411 1,201
32,863 42,230
CREDITORS
Amounts falling due within one year 7 18,931 19,813
NET CURRENT ASSETS 13,932 22,417
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,773

29,316

CREDITORS
Amounts falling due after more than one
year

8

4,235

5,743
NET ASSETS 15,538 23,573

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 15,537 23,572
15,538 23,573

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

Peter Heywood Electrical
Services Limited (Registered number: 11752876)

Balance Sheet - continued
31 January 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 23 September 2024 and were signed by:





P Heywood - Director


Peter Heywood Electrical
Services Limited (Registered number: 11752876)

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

1. STATUTORY INFORMATION

Peter Heywood Electrical Services Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance

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 year 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 year 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.

Peter Heywood Electrical
Services Limited (Registered number: 11752876)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 10,000
AMORTISATION
At 1 February 2023 3,333
Amortisation for year 1,000
At 31 January 2024 4,333
NET BOOK VALUE
At 31 January 2024 5,667
At 31 January 2023 6,667

5. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 February 2023
and 31 January 2024 600
DEPRECIATION
At 1 February 2023 368
Charge for year 58
At 31 January 2024 426
NET BOOK VALUE
At 31 January 2024 174
At 31 January 2023 232

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors - 7,385
Amounts recoverable on contract 15,000 12,000
Other debtors 13,452 18,644
28,452 38,029

Peter Heywood Electrical
Services Limited (Registered number: 11752876)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 2,568 2,113
Trade creditors 743 827
Tax 6,994 13,812
Social security and other taxes 1,583 -
Pension Creditor 129 -
VAT 5,609 1,774
Directors' current accounts 480 512
Accrued expenses 825 775
18,931 19,813

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans - 1-2 years 2,633 2,166
Bank loans - 2-5 years 1,602 3,577
4,235 5,743