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REGISTERED NUMBER: 05959476 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

POWER CABLE SERVICES LTD

POWER CABLE SERVICES LTD (REGISTERED NUMBER: 05959476)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


POWER CABLE SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: G P Oakley
Dr K Kurfiss
K McFadden



SECRETARY: G P Oakley



REGISTERED OFFICE: 30-34 North Street
Hailsham
East Sussex
BN27 1DW



REGISTERED NUMBER: 05959476 (England and Wales)



SENIOR STATUTORY AUDITOR: Samantha Hutton FCCA



AUDITORS: KJA Kilner Johnson Ltd
Network House
Stubs Beck Lane
Cleckheaton
BD19 4TT

POWER CABLE SERVICES LTD (REGISTERED NUMBER: 05959476)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 93,265 92,093

CURRENT ASSETS
Stocks 97,388 81,335
Debtors 5 1,069,051 1,376,568
Cash at bank and in hand 213,472 509,565
1,379,911 1,967,468
CREDITORS
Amounts falling due within one year 6 (44,071 ) (222,476 )
NET CURRENT ASSETS 1,335,840 1,744,992
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,429,105

1,837,085

PROVISIONS FOR LIABILITIES - (2,347 )
NET ASSETS 1,429,105 1,834,738

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 1,429,104 1,834,737
SHAREHOLDERS' FUNDS 1,429,105 1,834,738

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2025 and were signed on its behalf by:





K McFadden - Director


POWER CABLE SERVICES LTD (REGISTERED NUMBER: 05959476)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Power Cable Services 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.

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.

Critical accounting judgements and key sources of estimation uncertainty
No significant judgements have had to be made by management in preparing these financial statements.

There were no key assumptions made concerning the future, and other key sources of estimation uncertainty at the reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tools and equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Fixtures & fittings - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


POWER CABLE SERVICES LTD (REGISTERED NUMBER: 05959476)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Tools and Motor Fixtures
equipment vehicles & fittings Totals
£    £    £    £   
COST
At 1 January 2024 182,767 21,600 51,303 255,670
Additions 27,244 - 2,484 29,728
At 31 December 2024 210,011 21,600 53,787 285,398
DEPRECIATION
At 1 January 2024 103,363 20,916 39,298 163,577
Charge for year 24,888 171 3,497 28,556
At 31 December 2024 128,251 21,087 42,795 192,133
NET BOOK VALUE
At 31 December 2024 81,760 513 10,992 93,265
At 31 December 2023 79,404 684 12,005 92,093

POWER CABLE SERVICES LTD (REGISTERED NUMBER: 05959476)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 136,715 684,077
Amounts owed by group undertakings 841,878 608,093
Other debtors 90,458 84,398
1,069,051 1,376,568

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Payments on account - 67,714
Trade creditors 9,018 150,470
Taxation and social security 24,909 127
Other creditors 10,144 4,165
44,071 222,476

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Samantha Hutton FCCA (Senior Statutory Auditor)
for and on behalf of KJA Kilner Johnson Ltd

9. POST BALANCE SHEET EVENTS

On 2 April 2025 the company’s immediate parent undertaking, PCS Holdings UK Limited was acquired by Pfisterer Holding (SE), a company incorporated in Germany. As a result, the ultimate controlling party of the company has changed from the directors of PCS Holdings (UK) Limited to Pfisterer Holding (SE).
This event occurred after the balance sheet date and does not affect the financial position as at 31 December 2024.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Pfisterer Holding (SE), a public company incorporated in Germany.