Registered number
14742558
PS Electrical Ltd
Filleted Accounts
31 March 2025
PS Electrical Ltd
Registered number: 14742558
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 1,385 -
Current assets
Debtors 4 7,696 10,815
Cash at bank and in hand 741 491
8,437 11,306
Creditors: amounts falling due within one year 5 (5,167) (8,077)
Net current assets 3,270 3,229
Total assets less current liabilities 4,655 3,229
Provisions for liabilities (263) -
Net assets 4,392 3,229
Capital and reserves
Called up share capital 1 1
Profit and loss account 4,391 3,228
Shareholders' funds 4,392 3,229
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Piotr Stanek
Director
Approved by the board on 7 May 2025
PS Electrical Ltd
Notes to the Accounts
for the year ended 31 March 2025
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 (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
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:
IT Equipment over 4 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Current tax liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
IT Equipment
£
Cost
Additions 1,564
At 31 March 2025 1,564
Depreciation
Charge for the year 179
At 31 March 2025 179
Net book value
At 31 March 2025 1,385
4 Debtors 2025 2024
£ £
Trade debtors 6,205 2,250
Other debtors, excess CIS tax suffered 1,491 8,565
7,696 10,815
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 1,287 1,326
Taxation and social security costs 2,758 5,939
Other creditors 1,122 812
5,167 8,077
6 Other information
PS Electrical Ltd is a private company limited by shares and incorporated in England. Its registered office is:
16b Marylands Road
London
W9 2DY
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