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Logo On Report
Registered Number: 13125298
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 January 2024

for

P.I ELECTRICAL INSTALLATIONS LTD

Director Philip Isaac
Registered Number 13125298
Registered Office 7 Ammonite Drive
Needham Market
Ipswich
IP6 8FJ
Accountants Quove Accounting Ltd
3 Brickfields Business Park
Old Stowmarket Road, Woolpit
Bury St Edmunds
IP30 9QS
1
  2024   2023
    £ £   £ £
Fixed assets   11,658      15,758 
Current assets 40,701      31,423   
Prepayments and accrued income 463      396   
Creditors: amount falling due within one year (21,588)     (21,266)  
Net current assets   19,576      10,553 
Total assets less current liabilities   31,234      26,311 
Creditors: amount falling due after more than one year   (5,594)     (8,509)
Net assets   25,640      17,802 
 

         
Capital and reserves   25,640      17,802 
 
NOTES TO THE ACCOUNTS

General Information
P.I Electrical Installations Ltd is a private company, limited by shares, registered in England and Wales, registration number 13125298, registration address 7 Ammonite Drive, Needham Market, Ipswich, IP6 8FJ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 3 Years Straight Line
Motor Vehicles 25% Reducing Balance
2.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Total
  £   £   £
At 01 February 2023 957    21,999    22,956 
Additions    
Disposals    
At 31 January 2024 957    21,999    22,956 
Depreciation
At 01 February 2023 324    6,874    7,198 
Charge for year 319    3,781    4,100 
On disposals    
At 31 January 2024 643    10,655    11,298 
Net book values
Closing balance as at 31 January 2024 314    11,344    11,658 
Opening balance as at 01 February 2023 634    15,124    15,758 


3.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).


For the year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 08 October 2024 and were signed by:


--------------------------------
Philip Isaac
Director
2