Caseware UK (AP4) 2024.0.164 2024.0.164 8The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-12-01falseelectrical contracting8truetruefalse 05619094 2023-12-01 2024-11-30 05619094 2022-12-01 2023-11-30 05619094 2024-11-30 05619094 2023-11-30 05619094 c:Director1 2023-12-01 2024-11-30 05619094 d:PlantMachinery 2023-12-01 2024-11-30 05619094 d:PlantMachinery 2024-11-30 05619094 d:PlantMachinery 2023-11-30 05619094 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 05619094 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-12-01 2024-11-30 05619094 d:MotorVehicles 2023-12-01 2024-11-30 05619094 d:MotorVehicles 2024-11-30 05619094 d:MotorVehicles 2023-11-30 05619094 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 05619094 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-12-01 2024-11-30 05619094 d:FurnitureFittings 2023-12-01 2024-11-30 05619094 d:FurnitureFittings 2024-11-30 05619094 d:FurnitureFittings 2023-11-30 05619094 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 05619094 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-12-01 2024-11-30 05619094 d:OfficeEquipment 2023-12-01 2024-11-30 05619094 d:OfficeEquipment 2024-11-30 05619094 d:OfficeEquipment 2023-11-30 05619094 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 05619094 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-12-01 2024-11-30 05619094 d:OtherPropertyPlantEquipment 2023-12-01 2024-11-30 05619094 d:OtherPropertyPlantEquipment 2024-11-30 05619094 d:OtherPropertyPlantEquipment 2023-11-30 05619094 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 05619094 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2023-12-01 2024-11-30 05619094 d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 05619094 d:LeasedAssetsHeldAsLessee 2023-12-01 2024-11-30 05619094 d:Goodwill 2024-11-30 05619094 d:Goodwill 2023-11-30 05619094 d:CurrentFinancialInstruments 2024-11-30 05619094 d:CurrentFinancialInstruments 2023-11-30 05619094 d:Non-currentFinancialInstruments 2024-11-30 05619094 d:Non-currentFinancialInstruments 2023-11-30 05619094 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 05619094 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 05619094 d:Non-currentFinancialInstruments d:AfterOneYear 2024-11-30 05619094 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 05619094 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-11-30 05619094 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-11-30 05619094 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-11-30 05619094 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-11-30 05619094 d:ShareCapital 2024-11-30 05619094 d:ShareCapital 2023-11-30 05619094 d:RetainedEarningsAccumulatedLosses 2024-11-30 05619094 d:RetainedEarningsAccumulatedLosses 2023-11-30 05619094 c:FRS102 2023-12-01 2024-11-30 05619094 c:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 05619094 c:FullAccounts 2023-12-01 2024-11-30 05619094 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 05619094 d:WithinOneYear 2024-11-30 05619094 d:WithinOneYear 2023-11-30 05619094 d:BetweenOneFiveYears 2024-11-30 05619094 d:BetweenOneFiveYears 2023-11-30 05619094 d:AcceleratedTaxDepreciationDeferredTax 2024-11-30 05619094 d:AcceleratedTaxDepreciationDeferredTax 2023-11-30 05619094 2 2023-12-01 2024-11-30 05619094 e:PoundSterling 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure

Registered number: 05619094










PETER A WRIGHT ELECTRICAL LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

For the Year Ended 30 November 2024

 
PETER A WRIGHT ELECTRICAL LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PETER A WRIGHT ELECTRICAL LIMITED
FOR THE YEAR ENDED 30 NOVEMBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Peter A Wright Electrical Limited for the year ended 30 November 2024 which comprise  the Statement of financial position 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 at https://www.icaew.com /regulation.

This report is made solely to the director of Peter A Wright Electrical Limited in accordance with the terms of our engagement letter dated 1st December 2021Our work has been undertaken solely to prepare for your approval the financial statements of Peter A Wright Electrical Limited and state those matters that we have agreed to state to the director of Peter A Wright Electrical Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Peter A Wright Electrical Limited and its director for our work or for this report. 

It is your duty to ensure that Peter A Wright Electrical Limited 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 Peter A Wright Electrical Limited. You consider that Peter A Wright Electrical Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Peter A Wright Electrical Limited. 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.

  



McColes & Co (Herts) Ltd
 
Chartered Accountants
  
First Floor
28 Whitehorse Street
Baldock
Hertfordshire
SG7 6QQ
25 March 2025
Page 1

 
PETER A WRIGHT ELECTRICAL LIMITED
Registered number: 05619094

STATEMENT OF FINANCIAL POSITION
As at 30 November 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 5 
22,544
29,265

  
22,544
29,265

Current assets
  

Debtors: amounts falling due within one year
 6 
45,137
45,556

Cash at bank and in hand
  
140,589
154,774

  
185,726
200,330

Creditors: amounts falling due within one year
 7 
(74,036)
(71,274)

Net current assets
  
 
 
111,690
 
 
129,056

Total assets less current liabilities
  
134,234
158,321

Creditors: amounts falling due after more than one year
 8 
(7,412)
(20,636)

Provisions for liabilities
  

Deferred tax
 10 
(3,406)
(4,491)

  
 
 
(3,406)
 
 
(4,491)

Net assets
  
123,416
133,194


Capital and reserves
  

Called up share capital 
  
125
125

Profit and loss account
  
123,291
133,069

  
123,416
133,194


Page 2

 
PETER A WRIGHT ELECTRICAL LIMITED
Registered number: 05619094
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
As at 30 November 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 March 2025.




P A Wright
Director

The notes on pages 4 to 13 form part of these financial statements.

Page 3

 
PETER A WRIGHT ELECTRICAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 November 2024

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The presentational currency of the Company is GBP.

The following principal accounting policies have been applied:

 
1.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
1.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
1.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 
PETER A WRIGHT ELECTRICAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 November 2024

1.Accounting policies (continued)

 
1.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
1.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
1.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
1.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 5

 
PETER A WRIGHT ELECTRICAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 November 2024

1.Accounting policies (continued)

 
1.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the methods below.

Depreciation is provided on the following basis:

Plant & machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Fixtures & fittings
-
20% reducing balance
Office equipment
-
33% reducing balance
Other fixed assets
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
1.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
1.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
1.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 6

 
PETER A WRIGHT ELECTRICAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 November 2024

1.Accounting policies (continued)

 
1.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


2.


General information

The Company is a private company, limited by shares and registered in England.
Its registered number is: 05619094
Its Registered Office is: 
First Floor
28 Whitehorse Street
Baldock
Hertfordshire
SG7 6QQ


3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2023 - 8).

Page 7

 
PETER A WRIGHT ELECTRICAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 November 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 December 2023
30,000



At 30 November 2024

30,000



Amortisation


At 1 December 2023
30,000



At 30 November 2024

30,000



Net book value



At 30 November 2024
-



At 30 November 2023
-



Page 8

 
PETER A WRIGHT ELECTRICAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 November 2024

5.


Tangible fixed assets





Plant & machinery
Motor vehicles
Fixtures & fittings
Office equipment
Other fixed assets

£
£
£
£
£



Cost or valuation


At 1 December 2023
1,858
105,361
19,274
4,736
3,246


Additions
-
-
-
749
-



At 30 November 2024

1,858
105,361
19,274
5,485
3,246



Depreciation


At 1 December 2023
1,191
82,292
15,783
3,724
2,219


Charge for the year on owned assets
167
4,100
698
581
257


Charge for the year on financed assets
-
1,667
-
-
-



At 30 November 2024

1,358
88,059
16,481
4,305
2,476



Net book value



At 30 November 2024
500
17,302
2,793
1,180
770



At 30 November 2023
667
23,069
3,491
1,011
1,027
Page 9

 
PETER A WRIGHT ELECTRICAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 November 2024

           5.Tangible fixed assets (continued)


Total

£



Cost or valuation


At 1 December 2023
134,475


Additions
749



At 30 November 2024

135,224



Depreciation


At 1 December 2023
105,209


Charge for the year on owned assets
5,803


Charge for the year on financed assets
1,667



At 30 November 2024

112,679



Net book value



At 30 November 2024
22,545



At 30 November 2023
29,265


6.


Debtors

2024
2023
£
£


Trade debtors
42,312
42,713

Prepayments and accrued income
2,825
2,843

45,137
45,556


Page 10

 
PETER A WRIGHT ELECTRICAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 November 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,372
10,079

Trade creditors
20,452
8,917

Corporation tax
10,738
20,551

Other taxation and social security
26,674
24,885

Obligations under finance lease and hire purchase contracts
3,429
3,239

Other creditors
171
1,483

Accruals and deferred income
2,200
2,120

74,036
71,274



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
5,324
15,118

Net obligations under finance leases and hire purchase contracts
2,088
5,518

7,412
20,636


Page 11

 
PETER A WRIGHT ELECTRICAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 November 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,372
10,079


10,372
10,079

Amounts falling due 1-2 years

Bank loans
5,324
10,079


5,324
10,079

Amounts falling due 2-5 years

Bank loans
-
5,039


-
5,039


15,696
25,197


Page 12

 
PETER A WRIGHT ELECTRICAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 November 2024

10.


Deferred taxation




2024


£






At beginning of year
(4,491)


Charged to profit or loss
1,085



At end of year
(3,406)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(3,406)
(4,491)

(3,406)
(4,491)


11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £3,009 (2023 - £2,722). Contributions totalling £Nil (2023 - £583) were payable to the fund at the reporting date and are included in creditors


12.


Commitments under operating leases

At 30 November 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
5,083
15,250

Later than 1 year and not later than 5 years
-
5,083

5,083
20,333


13.


Related party transactions

The amount due to the director Mr P A Wright, and included in other creditors at the reporting date, was £171; (2023: £900).  The loan does not attract a rate of interest and is repayable on demand.

 
Page 13