IRIS Accounts Production v24.3.0.553 09204633 director 1.10.23 30.9.24 30.9.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh092046332023-09-30092046332024-09-30092046332023-10-012024-09-30092046332022-09-30092046332022-10-012023-09-30092046332023-09-3009204633ns15:EnglandWales2023-10-012024-09-3009204633ns14:PoundSterling2023-10-012024-09-3009204633ns10:Director12023-10-012024-09-3009204633ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3009204633ns10:SmallEntities2023-10-012024-09-3009204633ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3009204633ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3009204633ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3009204633ns10:FullAccounts2023-10-012024-09-3009204633ns10:RegisteredOffice2023-10-012024-09-3009204633ns5:CurrentFinancialInstruments2024-09-3009204633ns5:CurrentFinancialInstruments2023-09-3009204633ns5:ShareCapital2024-09-3009204633ns5:ShareCapital2023-09-3009204633ns5:RetainedEarningsAccumulatedLosses2024-09-3009204633ns5:RetainedEarningsAccumulatedLosses2023-09-3009204633ns5:MotorVehicles2023-10-012024-09-3009204633ns5:MotorVehicles2023-09-3009204633ns5:MotorVehicles2024-09-3009204633ns5:MotorVehicles2023-09-30
REGISTERED NUMBER: 09204633 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

P S ELECTRICAL CONTRACTORS LIMITED

P S ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 09204633)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


P S ELECTRICAL CONTRACTORS LIMITED

COMPANY INFORMATION
for the Year Ended 30 September 2024







DIRECTOR: P Stanghon





REGISTERED OFFICE: 140A Tachbrook Street
London
SW1V 2NE





REGISTERED NUMBER: 09204633 (England and Wales)





ACCOUNTANTS: Saunders Wood & Co.
Chartered Accountants
140A Tachbrook Street
London SW1V 2NE

P S ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 09204633)

BALANCE SHEET
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 54,656 38,742

CURRENT ASSETS
Debtors 5 10,000 16,998
Cash at bank 412,977 334,500
422,977 351,498
CREDITORS
Amounts falling due within one year 6 59,486 47,963
NET CURRENT ASSETS 363,491 303,535
TOTAL ASSETS LESS CURRENT
LIABILITIES

418,147

342,277

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 418,047 342,177
SHAREHOLDERS' FUNDS 418,147 342,277

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 6 November 2024 and were signed by:





P Stanghon - Director


P S ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 09204633)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

P S Electrical Contractors 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.

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

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.

3. EMPLOYEES AND DIRECTORS

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

P S ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 09204633)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 October 2023 55,613
Additions 32,150
Disposals (8,995 )
At 30 September 2024 78,768
DEPRECIATION
At 1 October 2023 16,871
Charge for year 11,176
Eliminated on disposal (3,935 )
At 30 September 2024 24,112
NET BOOK VALUE
At 30 September 2024 54,656
At 30 September 2023 38,742

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 10,000 16,998

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Tax 29,566 23,943
Social security and other taxes 2,623 2,917
VAT 22,273 16,792
Accrued expenses 5,024 4,311
59,486 47,963