Registered number
04463014
Page Electrical Limited
Report and Accounts
31 August 2024
Page Electrical Limited
Report to the director on the preparation of the unaudited statutory accounts of Page Electrical Limited for the year ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Page Electrical Limited for the year ended 31 August 2024 which comprise of the Profit and Loss Account, the Balance Sheet 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Coalesco Accountants Limited
Chartered Certified Accountants
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
15 April 2025
Page Electrical Limited
Registered number: 04463014
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 17,955 23,940
Current assets
Stocks 2,000 2,000
Debtors 4 10,941 20,559
Cash at bank and in hand 5,181 454
18,122 23,013
Creditors: amounts falling due within one year 5 (9,683) (22,157)
Net current assets 8,439 856
Net assets 26,394 24,796
Capital and reserves
Called up share capital 2 2
Profit and loss account 26,392 24,794
Shareholder's funds 26,394 24,796
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
B E Page
Director
Approved by the board on 15 April 2025
Page Electrical Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 September 2023 11,253 28,394 39,647
At 31 August 2024 11,253 28,394 39,647
Depreciation
At 1 September 2023 8,609 7,098 15,707
Charge for the year 661 5,324 5,985
At 31 August 2024 9,270 12,422 21,692
Net book value
At 31 August 2024 1,983 15,972 17,955
At 31 August 2023 2,644 21,296 23,940
4 Debtors 2024 2023
£ £
Trade debtors 10,441 19,760
Other debtors 500 799
10,941 20,559
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other taxes and social security costs 1,634 2,750
Other creditors 8,049 19,407
9,683 22,157
6 Other information
Page Electrical Limited is a private company limited by shares and incorporated in England. Its registered office is:
31 Birchwood Drive
Ravenshead
Nottingham
NG15 9EE
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