P.MEEKS (ELECTRICAL) LIMITED

Company Registration Number:
02269867 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2024

Period of accounts

Start date: 01 July 2023

End date: 30 June 2024

P.MEEKS (ELECTRICAL) LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2024

Balance sheet
Notes

P.MEEKS (ELECTRICAL) LIMITED

Balance sheet

As at 30 June 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 573 766
Total fixed assets: 573 766
Current assets
Stocks: 620 580
Debtors:   4,163 1,860
Cash at bank and in hand: 227,110 345,652
Total current assets: 231,893 348,092
Creditors: amounts falling due within one year:   (220,987) (307,788)
Net current assets (liabilities): 10,906 40,304
Total assets less current liabilities: 11,479 41,070
Provision for liabilities: (110) (150)
Total net assets (liabilities): 11,369 40,920
Capital and reserves
Called up share capital: 10,000 10,000
Profit and loss account: 1,369 30,920
Shareholders funds: 11,369 40,920

The notes form part of these financial statements

P.MEEKS (ELECTRICAL) LIMITED

Balance sheet statements

For the year ending 30 June 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 17 November 2024
and signed on behalf of the board by:

Name: P V Meeks
Status: Director

The notes form part of these financial statements

P.MEEKS (ELECTRICAL) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is derived from the principal activity of electricians and electrical contractors. Turnover represents net invoiced sales of electrical contracting services and related materials issued in the year plus accrued income, excluding value added tax. In line with Financial Reporting Standard 102 income has been recognised when the company obtains the right to consideration in exchange for its performance.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery etc - 25% on reducing balance

Other accounting policies

Stocks Stocks consist of parts and goods purchased for resale. Stocks are valued at lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. 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. Going concern The directors have considered the financial position of the company and believe it is well placed to manage its business risks successfully. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of preparation in preparing the financial statements.

P.MEEKS (ELECTRICAL) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

2. Employees

2024 2023
Average number of employees during the period 2 2

P.MEEKS (ELECTRICAL) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Tangible Assets

Total
Cost £
At 01 July 2023 6,177
At 30 June 2024 6,177
Depreciation
At 01 July 2023 5,411
Charge for year 193
At 30 June 2024 5,604
Net book value
At 30 June 2024 573
At 30 June 2023 766

P.MEEKS (ELECTRICAL) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Related party transactions

The company is controlled by Mr & Mrs P V Meeks.