2023-02-01 05332572 2024-01-31 05332572 2023-02-01 2024-01-31 05332572 2023-01-31 05332572 2022-02-01 2023-01-31 05332572 uk-core:WithinOneYear 2023-01-31 05332572 uk-core:WithinOneYear 2024-01-31 05332572 uk-core:AfterOneYear 2023-01-31 05332572 uk-core:AfterOneYear 2024-01-31 05332572 uk-core:ShareCapital 2024-01-31 05332572 uk-core:ShareCapital 2023-01-31 05332572 uk-core:RetainedEarningsAccumulatedLosses 2024-01-31 05332572 uk-core:RetainedEarningsAccumulatedLosses 2023-01-31 05332572 uk-bus:Director1 2023-02-01 2024-01-31 05332572 uk-core:PlantMachinery 2023-02-01 2024-01-31 05332572 uk-core:ToolsEquipment 2023-02-01 2024-01-31 05332572 uk-core:MotorVehicles 2023-02-01 2024-01-31 05332572 uk-core:ToolsEquipment 2023-01-31 05332572 uk-core:MotorVehicles 2023-01-31 05332572 uk-core:PlantMachinery 2023-01-31 05332572 uk-core:PlantMachinery 2024-01-31 05332572 uk-core:MotorVehicles 2024-01-31 05332572 uk-core:ToolsEquipment 2024-01-31 05332572 uk-core:WithinOneYear 2024-01-31 05332572 uk-core:WithinOneYear 2023-01-31 05332572 uk-core:AfterOneYear uk-core:Secured 2024-01-31 05332572 uk-core:AfterOneYear uk-core:Secured 2023-01-31 iso4217:GBP xbrli:pure 05332572 uk-bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 05332572 uk-bus:FRS102 2023-02-01 2024-01-31 05332572 uk-bus:FilletedAccounts 2023-02-01 2024-01-31 05332572 uk-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31
Peter Edge Electrical Ltd
Registered Number:05332572
For the year ended 31 January 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 January 2024
Peter Edge Electrical Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
05332572
As at 31 January 2024
Peter Edge Electrical Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
83,729
66,419
2
83,729
66,419
Current assets
95,520
Cash and cash equivalents
64,825
64,825
95,520
Trade and other payables: amounts falling due within one year
(91,861)
(81,429)
3
3,659
(16,604)
Net current liabilities
Total assets less current liabilities
67,125
70,078
Trade and other payables: amounts falling due after more than one
year
(18,286)
(7,917)
4
59,208
Net assets
51,792
Capital and reserves
Called up share capital
1
1
Retained earnings
59,207
51,791
59,208
51,792
Shareholders' funds
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.
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 proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Peter Edge Director
These financial statements were approved and authorised for issue by the Board on 31 October 2024 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 January 2024
Peter Edge Electrical Ltd
Notes to the Financial Statements
Statutory Information
Peter Edge Electrical Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
05332572.
Registered address:
305 Brandlesholme Road
Bury
Lancashire
BL8 1EY
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard
102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The
financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
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:
Tools and equipment
15% Reducing balance
25% Reducing balance
Computer equipment
25% Reducing balance
Motor vehicles
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2 of 3
5
For the year ended 31 January 2024
Peter Edge Electrical Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Motor vehicles
Tools and
equipment
£
£
£
£
Cost or valuation
At 01 February 2023
93,329
7,566
84,841
922
81,973
823
81,150
-
Additions
-
(49,015)
-
Disposals
(49,015)
At 31 January 2024
922
116,976
8,389
126,287
Provision for depreciation and impairment
At 01 February 2023
26,910
4,829
21,210
871
Charge for year
27,902
890
27,004
8
(12,254)
-
(12,254)
-
On disposal
At 31 January 2024
42,558
5,719
35,960
879
At 31 January 2024
Net book value
43
81,016
2,670
83,729
At 31 January 2023
51
63,631
2,737
66,419
3. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
5,000
5,000
Trade creditors
7,146
712
Taxation and social security
2,448
5,836
Other creditors
66,835
80,313
81,429
91,861
4. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
7,917
12,917
Other creditors
-
5,369
7,917
18,286
5. Average number of persons employed
During the year the average number of employees was 2 (2023 : 2)
3 of 3