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REGISTERED NUMBER: 05839927 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Peter Shale Electrical Limited

Peter Shale Electrical Limited (Registered number: 05839927)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Peter Shale Electrical Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: P E Shale





REGISTERED OFFICE: 43 Allenby Drive
Sheffield
South Yorkshire
S8 7RS





REGISTERED NUMBER: 05839927 (England and Wales)





ACCOUNTANTS: Susan Cottrill & Co
Redlands Business Centre
3/5 Tapton House Road
Broomhill
Sheffield
South Yorkshire
S10 5BY

Peter Shale Electrical Limited (Registered number: 05839927)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,327 1,771

CURRENT ASSETS
Stocks 850 990
Debtors 5 3,078 1,100
Cash at bank 10,703 6,871
14,631 8,961
CREDITORS
Amounts falling due within one year 6 7,643 11,756
NET CURRENT ASSETS/(LIABILITIES) 6,988 (2,795 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,315

(1,024

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8,215 (1,124 )
SHAREHOLDERS' FUNDS 8,315 (1,024 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 23 October 2024 and were signed by:





P E Shale - Director


Peter Shale Electrical Limited (Registered number: 05839927)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Peter Shale 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.

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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Going concern
The financial statements have been prepared on the going concern basis. The worldwide Covid 19 pandemic had greatly impacted the operations of the business, its customers and suppliers and many other businesses within this sector, though inflation continues to be more of a cause for concern for the sector.The company is no longer making use of government support but continues on the assumption that it will receive the support of its principle creditor, the director for a period of at least twelve months after the balance sheet date.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 24,924
DEPRECIATION
At 1 July 2023 23,153
Charge for year 444
At 30 June 2024 23,597
NET BOOK VALUE
At 30 June 2024 1,327
At 30 June 2023 1,771

Peter Shale Electrical Limited (Registered number: 05839927)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 3,078 1,100

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 905 2,937
Taxation and social security 3,702 879
Other creditors 3,036 7,940
7,643 11,756