Company Registration No. 6610737 (England and Wales)
Premier Electrical (Hull) Ltd
Unaudited accounts
for the year ended 30 June 2024
Premier Electrical (Hull) Ltd
Unaudited accounts
Contents
Premier Electrical (Hull) Ltd
Company Information
for the year ended 30 June 2024
Company Number
6610737 (England and Wales)
Registered Office
19 Alder Close
Brough
Hull
East Yorkshire
HU15 1ST
England
Accountants
Kendall Accountancy Services Limited
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
Premier Electrical (Hull) Ltd
Statement of financial position
as at 30 June 2024
Tangible assets
12,025
15,500
Creditors: amounts falling due within one year
(20,779)
(19,302)
Net current liabilities
(19,818)
(18,777)
Total assets less current liabilities
(7,793)
(3,277)
Creditors: amounts falling due after more than one year
(3,855)
(4,600)
Net liabilities
(11,648)
(7,877)
Called up share capital
2
2
Profit and loss account
(11,650)
(7,879)
Shareholders' funds
(11,648)
(7,877)
For the year ending 30 June 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 10 January 2025 and were signed on its behalf by
Mr L N Robinson
Director
Company Registration No. 6610737
Premier Electrical (Hull) Ltd
Notes to the Accounts
for the year ended 30 June 2024
Premier Electrical (Hull) Ltd is a private company, limited by shares, registered in England and Wales, registration number 6610737. The registered office is 19 Alder Close, Brough, Hull, East Yorkshire, HU15 1ST, England.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% cost
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Premier Electrical (Hull) Ltd
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 July 2023
33,230
109
33,339
At 30 June 2024
33,230
109
33,339
At 1 July 2023
17,787
52
17,839
Charge for the year
3,448
27
3,475
At 30 June 2024
21,235
79
21,314
At 30 June 2024
11,995
30
12,025
At 30 June 2023
15,443
57
15,500
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
6,195
7,175
Taxes and social security
13,457
9,947
Loans from directors
-
681
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).