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PRO-CONNECT ELECTRICAL LIMITED

Registered Number
09780210
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

PRO-CONNECT ELECTRICAL LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

Richard Follano
Jamie Izzard

Registered Address

11 Wood Lane
Cotton End
Bedford
MK45 3AJ

Registered Number

09780210 (England and Wales)
PRO-CONNECT ELECTRICAL LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets337,04145,009
37,04145,009
Current assets
Stocks2,5162,516
Debtors73,35466,042
Cash at bank and on hand52,30556,459
128,175125,017
Creditors amounts falling due within one year(77,523)(53,971)
Net current assets (liabilities)50,65271,046
Total assets less current liabilities87,693116,055
Creditors amounts falling due after one year(34,505)(47,845)
Net assets53,18868,210
Capital and reserves
Called up share capital100100
Profit and loss account53,08868,110
Shareholders' funds53,18868,210
The financial statements were approved and authorised for issue by the Board of Directors on 23 December 2024, and are signed on its behalf by:
Richard Follano
Director
Registered Company No. 09780210
PRO-CONNECT ELECTRICAL LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Revenue from rendering of services
Revenue 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: 15%

Reducing balance (%)
Plant and machinery25
Fixtures and fittings25
Vehicles15
Office Equipment25
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 2388,795
Additions573
At 31 March 2489,368
Depreciation and impairment
At 01 April 2343,787
Charge for year8,540
At 31 March 2452,327
Net book value
At 31 March 2437,041
At 31 March 2345,009