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REGISTERED NUMBER: 08982642 (England and Wales)















PES Electrical Installations Ltd

Unaudited Financial Statements

for the year ended

30 April 2024






PES Electrical Installations Ltd (Registered number: 08982642)

Contents of the Financial Statements
for the year ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


PES Electrical Installations Ltd

Company Information
for the year ended 30 April 2024







DIRECTOR: A P Parker





REGISTERED OFFICE: 5 Burdock Close
Wymondham
Norfolk
NR18 0YE





REGISTERED NUMBER: 08982642 (England and Wales)





ACCOUNTANTS: TC Group
Accountants
Yare House
62-64 Thorpe Road
Norwich
Norfolk
NR1 1RY

PES Electrical Installations Ltd (Registered number: 08982642)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 59,269 11,362
59,269 11,362

CURRENT ASSETS
Debtors 6 13,475 25,252
Cash at bank 18,958 9,111
32,433 34,363
CREDITORS
Amounts falling due within one year 7 (62,394 ) (26,946 )
NET CURRENT (LIABILITIES)/ASSETS (29,961 ) 7,417
TOTAL ASSETS LESS CURRENT LIABILITIES 29,308 18,779

CREDITORS
Amounts falling due after more than one year 8 (23,367 ) (16,441 )

PROVISIONS FOR LIABILITIES (11,261 ) (2,159 )
NET (LIABILITIES)/ASSETS (5,320 ) 179

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (5,420 ) 79
(5,320 ) 179

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 30 January 2025 and were signed by:





A P Parker - Director


PES Electrical Installations Ltd (Registered number: 08982642)

Notes to the Financial Statements
for the year ended 30 April 2024


1. STATUTORY INFORMATION

PES Electrical Installations Ltd 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
Notwithstanding the negative reserves the directors believe the company to be a going concern.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

PES Electrical Installations Ltd (Registered number: 08982642)

Notes to the Financial Statements - continued
for the year ended 30 April 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 10,000
AMORTISATION
At 1 May 2023
and 30 April 2024 10,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 26,497 - 3,392 29,889
Additions 20,078 38,046 1,409 59,533
At 30 April 2024 46,575 38,046 4,801 89,422
DEPRECIATION
At 1 May 2023 15,684 - 2,843 18,527
Charge for year 9,311 1,585 730 11,626
At 30 April 2024 24,995 1,585 3,573 30,153
NET BOOK VALUE
At 30 April 2024 21,580 36,461 1,228 59,269
At 30 April 2023 10,813 - 549 11,362

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 May 2023
and 30 April 2024 17,597
DEPRECIATION
At 1 May 2023
and 30 April 2024 7,424
NET BOOK VALUE
At 30 April 2024 10,173
At 30 April 2023 10,173

PES Electrical Installations Ltd (Registered number: 08982642)

Notes to the Financial Statements - continued
for the year ended 30 April 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,033 11,035
Other debtors 10,442 14,217
13,475 25,252

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 12,101 2,232
Hire purchase contracts 6,227 2,302
Trade creditors 11,843 12,303
Taxation and social security - 4,440
Other creditors 32,223 5,669
62,394 26,946

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 11,270 13,502
Hire purchase contracts 12,097 2,939
23,367 16,441

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,342 4,574

9. RELATED PARTY DISCLOSURES

At the year end, the company owed a director £28,327. (2023 owing £7,186).

There is no interest or fixed repayments due on this balance.