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Company Registration No. 12157117 (England and Wales)
Persson Electrical Ltd Unaudited accounts for the year ended 31 August 2024
Persson Electrical Ltd Unaudited accounts Contents
Page
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Persson Electrical Ltd Company Information for the year ended 31 August 2024
Director
D Persson
Company Number
12157117 (England and Wales)
Registered Office
Suite E, Canal Wharf, Eshton Rd Gargrave SKIPTON BD23 3SE
Accountants
Pearson & Associates Suite E, Canal Wharf Eshton Road Gargrave, Skipton North Yorkshire BD23 3SE
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Persson Electrical Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
22,604 
28,144 
Current assets
Debtors
31,148 
6,400 
Cash at bank and in hand
36,182 
34,724 
67,330 
41,124 
Creditors: amounts falling due within one year
(58,485)
(22,259)
Net current assets
8,845 
18,865 
Total assets less current liabilities
31,449 
47,009 
Creditors: amounts falling due after more than one year
(29,621)
(39,361)
Net assets
1,828 
7,648 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,728 
7,548 
Shareholders' funds
1,828 
7,648 
For the year ending 31 August 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 December 2024 and were signed on its behalf by
D Persson Director Company Registration No. 12157117
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Persson Electrical Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Persson Electrical Ltd is a private company, limited by shares, registered in England and Wales, registration number 12157117. The registered office is Suite E, Canal Wharf, Eshton Rd, Gargrave, SKIPTON, BD23 3SE.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on Cost
Motor vehicles
25% reducing balance
Computer equipment
25% on Cost
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2023
1,166 
33,450 
4,048 
38,664 
Additions
168 
- 
1,567 
1,735 
At 31 August 2024
1,334 
33,450 
5,615 
40,399 
Depreciation
At 1 September 2023
461 
8,363 
1,696 
10,520 
Charge for the year
291 
6,272 
712 
7,275 
At 31 August 2024
752 
14,635 
2,408 
17,795 
Net book value
At 31 August 2024
582 
18,815 
3,207 
22,604 
At 31 August 2023
705 
25,087 
2,352 
28,144 
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Persson Electrical Ltd Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
31,148 
440 
Other debtors
- 
5,960 
31,148 
6,400 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
35,529 
22,232 
Other creditors
21,456 
- 
Loans from directors
- 
27 
Accruals
1,500 
- 
58,485 
22,259 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
9,126 
14,167 
Obligations under finance leases and hire purchase contracts
20,495 
25,194 
29,621 
39,361 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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