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REGISTERED NUMBER: 08268570 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

PAH ELECTRICAL LIMITED

PAH ELECTRICAL LIMITED (REGISTERED NUMBER: 08268570)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PAH ELECTRICAL LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTOR: P A Henry





REGISTERED OFFICE: 1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB





REGISTERED NUMBER: 08268570 (England and Wales)





ACCOUNTANTS: LDP Luckmans
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB

PAH ELECTRICAL LIMITED (REGISTERED NUMBER: 08268570)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,694 4,464

CURRENT ASSETS
Debtors 5 2,737 20,956
Cash at bank 17,865 6,796
20,602 27,752
CREDITORS
Amounts falling due within one year 6 13,281 3,223
NET CURRENT ASSETS 7,321 24,529
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,015

28,993

PROVISIONS FOR LIABILITIES 7 892 848
NET ASSETS 11,123 28,145

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 11,121 28,143
SHAREHOLDERS' FUNDS 11,123 28,145

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 7 November 2024 and were signed by:




P A Henry - Director


PAH ELECTRICAL LIMITED (REGISTERED NUMBER: 08268570)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

PAH 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 - 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 2 (2023 - 2 ) .

PAH ELECTRICAL LIMITED (REGISTERED NUMBER: 08268570)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 6,832 3,500 3,338 13,670
Additions 1,595 - 752 2,347
Disposals (1,696 ) - - (1,696 )
At 31 March 2024 6,731 3,500 4,090 14,321
DEPRECIATION
At 1 April 2023 4,884 2,393 1,929 9,206
Charge for year 747 276 540 1,563
Eliminated on disposal (1,142 ) - - (1,142 )
At 31 March 2024 4,489 2,669 2,469 9,627
NET BOOK VALUE
At 31 March 2024 2,242 831 1,621 4,694
At 31 March 2023 1,948 1,107 1,409 4,464

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 2,320
Other debtors 464 -
Directors' loan accounts - 18,305
Tax 2,094 -
VAT 38 -
Prepayments 141 331
2,737 20,956

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,479 706
Tax - 620
Social security and other taxes - 152
VAT - 424
Directors' loan accounts 10,481 -
Accrued expenses 1,321 1,321
13,281 3,223

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 892 848

PAH ELECTRICAL LIMITED (REGISTERED NUMBER: 08268570)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 848
Charge to Income Statement during year 44
Balance at 31 March 2024 892

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1
1 Ordinary A £1 1 1
2 2

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
P A Henry
Balance outstanding at start of year 18,305 -
Amounts advanced - 18,305
Amounts repaid (18,305 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 18,305

Interest is charged on this loan at the HMRC official rate of interest.