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REGISTERED NUMBER: 07841324 (England and Wales)












PTC ELECTRICAL LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






PTC ELECTRICAL LIMITED (REGISTERED NUMBER: 07841324)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PTC ELECTRICAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mrs C A Toon
J A Waring
P Sykes





REGISTERED OFFICE: Vale Industrial Estate
Spilsby
Lincolnshire
PE23 5HE





REGISTERED NUMBER: 07841324 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe (Boston)
The Old Vicarage
Church Close
Boston
Lincolnshire
PE21 6NA

PTC ELECTRICAL LIMITED (REGISTERED NUMBER: 07841324)

ABRIDGED BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 3 2,261,250 2,261,250

CURRENT ASSETS
Debtors 99,032 89,140
Cash at bank 1 103
99,033 89,243
CREDITORS
Amounts falling due within one year 105,625 95,134
NET CURRENT LIABILITIES (6,592 ) (5,891 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,254,658

2,255,359

CREDITORS
Amounts falling due after more than one
year

200,001

200,000
NET ASSETS 2,054,657 2,055,359

CAPITAL AND RESERVES
Called up share capital 300 300
Capital redemption reserve 33 33
Retained earnings 2,054,324 2,055,026
4 2,054,657 2,055,359

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

PTC ELECTRICAL LIMITED (REGISTERED NUMBER: 07841324)

ABRIDGED BALANCE SHEET - continued
30 JUNE 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 27 March 2025 and were signed on its behalf by:





Mrs C A Toon - Director


PTC ELECTRICAL LIMITED (REGISTERED NUMBER: 07841324)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. 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.

Investments in subsidiaries
Investments in subsidiaries are stated at cost less impairment.The directors assess the investment for impairment at each balance sheet date.The directors consider there are no indications of impairment

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.

2. EMPLOYEES AND DIRECTORS

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

3. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 July 2023
and 30 June 2024 2,261,250
NET BOOK VALUE
At 30 June 2024 2,261,250
At 30 June 2023 2,261,250

PTC ELECTRICAL LIMITED (REGISTERED NUMBER: 07841324)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. RECONCILIATION OF MOVEMENTS IN RESERVES
2024 2023
£    £   
Profit for the financial year 224,298 149,299
Dividends (225,000 ) (150,000 )
Payments to acquire own shares - (250,000 )
Net reduction of reserves (702 ) (250,701 )
Opening reserves 2,055,359 2,306,060
Closing reserves 2,054,657 2,055,359