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REGISTERED NUMBER: 13542377 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

TIM PEARSON ELECTRICIAL LTD

TIM PEARSON ELECTRICIAL LTD (REGISTERED NUMBER: 13542377)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


TIM PEARSON ELECTRICIAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: Mr T B Pearson



SECRETARY: Mrs J Pearson



REGISTERED OFFICE: 17 Buttermere Drive
Dalton-In-Furness
LA15 8QW



REGISTERED NUMBER: 13542377 (England and Wales)



BANKERS: National Westminster Bank plc
113 Dalton Road
Barrow-in-Furness
Cumbria
LA14 1WY

TIM PEARSON ELECTRICIAL LTD (REGISTERED NUMBER: 13542377)

ABRIDGED BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,737 17,542

CURRENT ASSETS
Debtors 48,342 26,697
Cash at bank 327 1,200
48,669 27,897
CREDITORS
Amounts falling due within one year 48,264 31,848
NET CURRENT ASSETS/(LIABILITIES) 405 (3,951 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,142

13,591

CREDITORS
Amounts falling due after more than one year 12,707 12,935
NET ASSETS 435 656

CAPITAL AND RESERVES
Called up share capital 6 4 4
Retained earnings 431 652
SHAREHOLDERS' FUNDS 435 656

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

TIM PEARSON ELECTRICIAL LTD (REGISTERED NUMBER: 13542377)

ABRIDGED BALANCE SHEET - continued
30 SEPTEMBER 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 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 March 2025 and were signed by:





Mr T B Pearson - Director


TIM PEARSON ELECTRICIAL LTD (REGISTERED NUMBER: 13542377)

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

1. STATUTORY INFORMATION

Tim Pearson Electricial 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of goods and services as adjusted for work in progress, excluding VAT.

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 - 20% on cost
Motor vehicles - 20% on cost

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023
and 30 September 2024 24,025
DEPRECIATION
At 1 October 2023 6,483
Charge for year 4,805
At 30 September 2024 11,288
NET BOOK VALUE
At 30 September 2024 12,737
At 30 September 2023 17,542

The net book value of tangible fixed assets includes £8487 (2023: £14145) in respect of assets held under hire purchase agreements. The amount of depreciation in respect of such assets amounted to £2829 (2023: £2829) for the financial year.

TIM PEARSON ELECTRICIAL LTD (REGISTERED NUMBER: 13542377)

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

5. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Hire purchase contracts 14,838 13,921

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
4 Ordinary £1 4 4

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
Mr T B Pearson
Balance outstanding at start of year 26,347 2,990
Amounts advanced 48,342 26,347
Amounts repaid (26,347 ) (2,990 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 48,342 26,347

During the financial year the director was charged £831 (2023: £326) interest on the loan which is unsecured and repayable on demand.

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr T B Pearson.