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PETE MILLER ELECTRICAL LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 30 JUNE 2024




















Company Registration Number - 07699822





















1.
PETE MILLER ELECTRICAL LIMITED
COMPANY NUMBER - 07699822

Balance sheet as at 30 June 2024





2024
2023

Notes
£ £ £ £
FIXED ASSETS





Tangible assets 4
44,600
54,075

Current assets




Debtors 5 6,297
6,683

Cash at bank and in hand
27,470
25,460




33,767
32,143
Current liabilities




Creditors - Amounts
falling due within one year 6 14,704
44,916


NET CURRENT ASSETS (LIABILITIES)

19,063
(12,773)


Total assets less current liabilities

63,663
41,302












CAPITAL AND RESERVES

Called up share capital 7
2
2

Profit and Loss account

63,661
41,300


Shareholders' funds

63,663
41,302



These financial statements have been prepared in accordance with the provisions of FRS102 Section 1A of the Companies Act 2006 relating to small companies.
In accordance with section 444 of the Companies Act 2006, the directors' report and the profit and loss account have not been delivered.

For the financial year ended 30 June 2024, the company was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.

The members have not required the company to obtain an audit.


The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.


Approved by the board of directors on 20 March 2025
and signed on their behalf by:




P Miller



Director






The notes on pages 2 to 3 form an integral part of these accounts.


2.
PETE MILLER ELECTRICAL LIMITED

Notes to the Financial Statements

For the year ended 30 June 2024


1. General Information

PETE MILLER ELECTRICAL LIMITED is a Private Company, limited by shares, domiciled in England and Wales, registration number 07699822.


The company's registered office is Brunswick House, 1 Weirfield Green, Taunton, Somerset TA1 1AZ.


2. Accounting policies

Basis of accounting

The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102, section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.


Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents goods supplied or services rendered, stated net of Value Added Tax. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.


Tangible fixed assets and depreciation

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life:


Plant and machinery - 25% reducing balance

Motor vehicles - 25% reducing balance


Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.


3. Employees

The average number employed by the company (including directors) during the year 2024 was 1
and in the previous year 2023 was 1.


3.
PETE MILLER ELECTRICAL LIMITED

Notes to the Financial Statements

For the year ended 30 June 2024


4. Fixed assets - tangible

Plant and

Machinery

etc.


Fair value £


At 1 July 2023 84,578
Additions 1,339

At 30 June 2024 85,917

Depreciation
At 1 July 2023 30,503
Charge for year 10,814

At 30 June 2024 41,317

Net book values
At 30 June 2024 44,600
At 1 July 2023 54,075





2024
2023


£
£
5. Debtors

Due within one year:



Trade debtors 6,297
6,683



6. Creditors

Amounts falling due within one year:



Trade creditors 5,467
31,652
Taxation and social security 7,442
13,111
Director's Current Accounts 1,795
153


14,704 44,916



7. Called up share capital

There was no change in share capital during the year.


Allotted, called up and fully paid



Ordinary shares of £1 each 2
2