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REGISTERED NUMBER: 08865608 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

P & H Electrical Solutions Ltd

P & H Electrical Solutions Ltd (Registered number: 08865608)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


P & H Electrical Solutions Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: B E Hearn
J O Power





REGISTERED OFFICE: 303 Goring Road
Worthing
West Sussex
BN12 4NX





REGISTERED NUMBER: 08865608 (England and Wales)





ACCOUNTANTS: THL Accountancy Ltd
303 Goring Road
Worthing
West Sussex
BN12 4NX

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
P & H Electrical Solutions Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of P & H Electrical Solutions Ltd for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of P & H Electrical Solutions Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of P & H Electrical Solutions Ltd and state those matters that we have agreed to state to the Board of Directors of P & H Electrical Solutions Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than P & H Electrical Solutions Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that P & H Electrical Solutions Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of P & H Electrical Solutions Ltd. You consider that P & H Electrical Solutions Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of P & H Electrical Solutions Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






THL Accountancy Ltd
303 Goring Road
Worthing
West Sussex
BN12 4NX


5 February 2025

P & H Electrical Solutions Ltd (Registered number: 08865608)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 889,936 47,982

CURRENT ASSETS
Debtors 5 958,705 682,453
Cash at bank 43,413 79,200
1,002,118 761,653
CREDITORS
Amounts falling due within one year 6 1,694,244 448,855
NET CURRENT (LIABILITIES)/ASSETS (692,126 ) 312,798
TOTAL ASSETS LESS CURRENT
LIABILITIES

197,810

360,780

CREDITORS
Amounts falling due after more than one
year

7

62,121

137,659
NET ASSETS 135,689 223,121

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 135,589 223,021
135,689 223,121

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

P & H Electrical Solutions Ltd (Registered number: 08865608)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 5 February 2025 and were signed on its behalf by:





B E Hearn - Director


P & H Electrical Solutions Ltd (Registered number: 08865608)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

P & H Electrical Solutions 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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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 13 (2023 - 20 ) .

P & H Electrical Solutions Ltd (Registered number: 08865608)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 April 2023 - 9,908 3,324
Additions 880,335 - -
Disposals - - -
At 31 March 2024 880,335 9,908 3,324
DEPRECIATION
At 1 April 2023 - 9,418 2,958
Charge for year - 490 91
Eliminated on disposal - - -
At 31 March 2024 - 9,908 3,049
NET BOOK VALUE
At 31 March 2024 880,335 - 275
At 31 March 2023 - 490 366

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 8,710 83,890 11,444 117,276
Additions 178 - 159 880,672
Disposals - (69,995 ) - (69,995 )
At 31 March 2024 8,888 13,895 11,603 927,953
DEPRECIATION
At 1 April 2023 4,197 45,986 6,735 69,294
Charge for year 1,147 658 1,061 3,447
Eliminated on disposal - (34,724 ) - (34,724 )
At 31 March 2024 5,344 11,920 7,796 38,017
NET BOOK VALUE
At 31 March 2024 3,544 1,975 3,807 889,936
At 31 March 2023 4,513 37,904 4,709 47,982

P & H Electrical Solutions Ltd (Registered number: 08865608)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 732,635 331,891
Other debtors 226,070 350,562
958,705 682,453

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 70,538 65,287
Trade creditors 427,452 231,270
Taxation and social security 105,537 42,732
Other creditors 1,090,717 109,566
1,694,244 448,855

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 62,121 137,659