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Company Registration No. 09087668 (England and Wales)
P A Smart Electrical Services Ltd Unaudited accounts for the year ended 30 June 2024
P A Smart Electrical Services Ltd Unaudited accounts Contents
Page
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P A Smart Electrical Services Ltd Company Information for the year ended 30 June 2024
Director
Philip Smart
Company Number
09087668 (England and Wales)
Registered Office
19 Woodside Ashby de la Zouch Leicestershire LE65 2NJ
Accountants
Shelton Accountancy Services 51 Beaumont Avenue Ashby de la Zouch Leicestershire LE65 2NF
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P A Smart Electrical Services Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,546 
14,061 
Current assets
Debtors
463 
6,803 
Cash at bank and in hand
479 
801 
942 
7,604 
Creditors: amounts falling due within one year
(5,123)
(4,835)
Net current (liabilities)/assets
(4,181)
2,769 
Total assets less current liabilities
6,365 
16,830 
Creditors: amounts falling due after more than one year
(9,484)
(12,824)
Provisions for liabilities
Deferred tax
(2,004)
(2,672)
Net (liabilities)/assets
(5,123)
1,334 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(5,124)
1,333 
Shareholders' funds
(5,123)
1,334 
For the year ending 30 June 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 27 March 2025 and were signed on its behalf by
Philip Smart Director Company Registration No. 09087668
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P A Smart Electrical Services Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
P A Smart Electrical Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 09087668. The registered office is 19 Woodside, Ashby de la Zouch, Leicestershire, LE65 2NJ.
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.
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:
Motor vehicles
25% reducing balance
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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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P A Smart Electrical Services Ltd Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 July 2023
14,999 
At 30 June 2024
14,999 
Depreciation
At 1 July 2023
938 
Charge for the year
3,515 
At 30 June 2024
4,453 
Net book value
At 30 June 2024
10,546 
At 30 June 2023
14,061 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
730 
Other debtors
463 
6,073 
463 
6,803 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
972 
996 
Obligations under finance leases and hire purchase contracts
2,526 
2,144 
Taxes and social security
- 
739 
Other creditors
1,007 
956 
Loans from directors
618 
- 
5,123 
4,835 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
3,944 
4,757 
Obligations under finance leases and hire purchase contracts
5,540 
8,067 
9,484 
12,824 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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