Company Registration No. 05037474 (England and Wales)
P & J ROBINSON (ELECTRICAL) LTD
Unaudited accounts
for the year ended 29 February 2024
P & J ROBINSON (ELECTRICAL) LTD
Unaudited accounts
Contents
P & J ROBINSON (ELECTRICAL) LTD
Company Information
for the year ended 29 February 2024
Company Number
05037474 (England and Wales)
Registered Office
105 CARRINGTON LANE
SALE
CHESHIRE
M33 5NJ
Accountants
P A Hull & Co
30 Bolton Road
Aspull
Wigan
Lancashire
WN2 1YY
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of P & J ROBINSON (ELECTRICAL) LTD for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
P & J ROBINSON (ELECTRICAL) LTD for the year ended
29 February 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of P & J ROBINSON (ELECTRICAL) LTD, as a body, in accordance with the terms of our engagement letter dated 13 June 2024. Our work has been undertaken solely to prepare for your approval the accounts of P & J ROBINSON (ELECTRICAL) LTD and state those matters that we have agreed to state to the Board of Directors of P & J ROBINSON (ELECTRICAL) LTD, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than P & J ROBINSON (ELECTRICAL) LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that P & J ROBINSON (ELECTRICAL) LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of P & J ROBINSON (ELECTRICAL) LTD. You consider that P & J ROBINSON (ELECTRICAL) LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of P & J ROBINSON (ELECTRICAL) LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
P A Hull & Co
Chartered Accountants
30 Bolton Road
Aspull
Wigan
Lancashire
WN2 1YY
13 June 2024
P & J ROBINSON (ELECTRICAL) LTD
Statement of financial position
as at 29 February 2024
Cash at bank and in hand
167,931
140,310
Creditors: amounts falling due within one year
(154,581)
(114,999)
Net current assets
41,001
29,890
Called up share capital
100
100
Profit and loss account
41,279
29,868
Shareholders' funds
41,379
29,968
For the year ending 29 February 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 June 2024 and were signed on its behalf by
Mr P Robinson
Director
Company Registration No. 05037474
P & J ROBINSON (ELECTRICAL) LTD
Notes to the Accounts
for the year ended 29 February 2024
P & J ROBINSON (ELECTRICAL) LTD is a private company, limited by shares, registered in England and Wales, registration number 05037474. The registered office is 105 CARRINGTON LANE, SALE, CHESHIRE, M33 5NJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Computer equipment
25% reducing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
P & J ROBINSON (ELECTRICAL) LTD
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2023
3,485
-
3,485
At 29 February 2024
3,485
316
3,801
At 1 March 2023
3,407
-
3,407
Charge for the year
16
-
16
At 29 February 2024
3,423
-
3,423
At 29 February 2024
62
316
378
At 28 February 2023
78
-
78
Amounts falling due within one year
Trade debtors
27,651
4,579
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
14,988
2,332
Other creditors
1,466
1,151
Loans from directors
124,876
104,567
Allotted, called up and fully paid:
1 Ordinary shares of £100 each
100
100
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).