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REGISTERED NUMBER: 04342319 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

PARTNER ELECTRICAL LIMITED

PARTNER ELECTRICAL LIMITED (REGISTERED NUMBER: 04342319)






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


PARTNER ELECTRICAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: J R Partner





REGISTERED OFFICE: 61 Station Road
Sudbury
Suffolk
CO10 2SP





REGISTERED NUMBER: 04342319 (England and Wales)





ACCOUNTANTS: Seago and Stopps
Chartered Certified Accountants
61 Station Road
Sudbury
Suffolk
CO10 2SP

PARTNER ELECTRICAL LIMITED (REGISTERED NUMBER: 04342319)

BALANCE SHEET
31 MARCH 2024

31.3.23 31.3.24
£    £    Notes £    £   
FIXED ASSETS
375 Intangible assets 4 -
1,133 Tangible assets 5 -
1,508 -

CURRENT ASSETS
2,368 Debtors 6 1,808
6,236 Cash at bank 71
8,604 1,879
CREDITORS
4,509 Amounts falling due within one year 7 3,428
4,095 NET CURRENT (LIABILITIES)/ASSETS (1,549 )
5,603 TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,549

)

CREDITORS
(7,200 ) Amounts falling due after more than one
year

8

(4,000

)

(215 ) PROVISIONS FOR LIABILITIES -
(1,812 ) NET LIABILITIES (5,549 )

CAPITAL AND RESERVES
2 Called up share capital 2
(1,814 ) Retained earnings (5,551 )
(1,812 ) SHAREHOLDERS' FUNDS (5,549 )

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.

PARTNER ELECTRICAL LIMITED (REGISTERED NUMBER: 04342319)

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 15 October 2024 and were signed by:





J R Partner - Director


PARTNER ELECTRICAL LIMITED (REGISTERED NUMBER: 04342319)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Partner Electrical 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents the value of work completed during the year, by reference to invoiced sales and the movement between opening and closing trade debtor balances.

Intangible fixed assets - goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, has now been amortised in full.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & machinery - 25% on reducing balance
Fixtures, fittings & equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance


Financial instruments
The company enters into basic financial instrument transactions, as appropriate and as when required, that result in the recognition of financial assets and liabilities within the financial statements such as trade and other accounts receivable and payable, bank loans and hire purchase and lease contracts.

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.


PARTNER ELECTRICAL LIMITED (REGISTERED NUMBER: 04342319)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 30,000
AMORTISATION
At 1 April 2023 29,625
Charge for year 375
At 31 March 2024 30,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 375

5. TANGIBLE FIXED ASSETS
Fixtures,
Plant & fittings Motor
Totals machinery & equipment vehicles
£    £    £    £   
COST
At 1 April 2023 6,639 647 492 5,500
Additions 130 130 - -
Disposals (6,769 ) (777 ) (492 ) (5,500 )
At 31 March 2024 - - - -
DEPRECIATION
At 1 April 2023 5,506 505 480 4,521
Eliminated on disposal (5,506 ) (505 ) (480 ) (4,521 )
At 31 March 2024 - - - -
NET BOOK VALUE
At 31 March 2024 - - - -
At 31 March 2023 1,133 142 12 979

PARTNER ELECTRICAL LIMITED (REGISTERED NUMBER: 04342319)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 683
Other debtors 1,808 1,685
1,808 2,368

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 3,200 3,200
Trade creditors 202 449
Other creditors 26 860
3,428 4,509

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 4,000 7,200