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Registered number: 6223680
PDW Electrical Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Care Accountancy Services
69 Ingleside Drive
Stevenage
Herts
SG1 4RY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 6223680
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5 1,341 894
Cash at bank and in hand 3,746 5,047
5,087 5,941
Creditors: Amounts Falling Due Within One Year 6 (76,766 ) (81,077 )
NET CURRENT ASSETS (LIABILITIES) (71,679 ) (75,136 )
TOTAL ASSETS LESS CURRENT LIABILITIES (71,679 ) (75,136 )
NET LIABILITIES (71,679 ) (75,136 )
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account (72,679 ) (76,136 )
SHAREHOLDERS' FUNDS (71,679) (75,136)
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For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Peter Wood
Director
17 January 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
PDW Electrical Limited is a private company, limited by shares, incorporated in England & Wales, registered number 6223680 . The registered office is 26 Wood End Road, Kempston, Beds, MK43 9BB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% cost
Motor Vehicles 25% cost
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 May 2023 22,930
As at 30 April 2024 22,930
Depreciation
As at 1 May 2023 22,930
As at 30 April 2024 22,930
Net Book Value
As at 30 April 2024 -
As at 1 May 2023 -
5. Debtors
2024 2023
£ £
Due within one year
Other taxes and social security 1,341 894
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 1,313
Trade creditors 718 830
Other creditors 72,789 76,634
Accruals and deferred income 3,259 2,300
76,766 81,077
7. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 1,313
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
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9. Ultimate Controlling Party
The company's ultimate controlling party is Mr Peter Wood by virtue of his ownership of 100% of the issued share capital in the company.
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