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Company Registration No. 03555145 (England and Wales)
PSP Electrical Services Limited Unaudited accounts for the year ended 30 April 2025
PSP Electrical Services Limited Unaudited accounts Contents
Page
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PSP Electrical Services Limited Company Information for the year ended 30 April 2025
Director
Paul Papworth
Company Number
03555145 (England and Wales)
Registered Office
Sun Place 13 Sun Street Biggleswade Beds SG18 0BP
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PSP Electrical Services Limited Statement of financial position as at 30 April 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
48,692 
69,069 
Current assets
Inventories
9,200 
5,700 
Debtors
114,113 
151,636 
Cash at bank and in hand
253,893 
157,730 
377,206 
315,066 
Creditors: amounts falling due within one year
(148,773)
(145,756)
Net current assets
228,433 
169,310 
Total assets less current liabilities
277,125 
238,379 
Creditors: amounts falling due after more than one year
(17,283)
- 
Net assets
259,842 
238,379 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
259,840 
238,377 
Shareholders' funds
259,842 
238,379 
For the year ending 30 April 2025 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 13 June 2025 and were signed on its behalf by
Paul Papworth Director Company Registration No. 03555145
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PSP Electrical Services Limited Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
PSP Electrical Services Limited is a private company, limited by shares, registered in England and Wales, registration number 03555145. The registered office is Sun Place, 13 Sun Street, Biggleswade, Beds, SG18 0BP.
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
18%
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 May 2024
98,950 
At 30 April 2025
98,950 
Depreciation
At 1 May 2024
29,881 
Charge for the year
20,377 
At 30 April 2025
50,258 
Net book value
At 30 April 2025
48,692 
At 30 April 2024
69,069 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
102,118 
141,636 
Other debtors
11,995 
10,000 
114,113 
151,636 
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PSP Electrical Services Limited Notes to the Accounts for the year ended 30 April 2025
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
34,368 
52,983 
Obligations under finance leases and hire purchase contracts
4,412 
- 
Trade creditors
60,217 
43,091 
Taxes and social security
49,776 
49,682 
148,773 
145,756 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Obligations under finance leases and hire purchase contracts
17,283 
- 
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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