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Company Registration No. 04508748 (England and Wales)
P Stewart Electrical Limited Unaudited accounts for the year ended 29 September 2024
P Stewart Electrical Limited Unaudited accounts Contents
Page
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P Stewart Electrical Limited Company Information for the year ended 29 September 2024
Director
Mr P Stewart
Company Number
04508748 (England and Wales)
Registered Office
Unit 1 Birchill Road Knowsley Industrial Park Liverpool Merseyside L33 7TD
Accountants
Invictus Accountancy Services Limited 1 Stable Court Business Centre Water Lane Farm Tarbock Green Liverpool Merseyside L35 1RD
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P Stewart Electrical Limited Statement of financial position as at 29 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
18,038 
26,756 
Current assets
Debtors
55,992 
67,708 
Cash at bank and in hand
385,254 
158,163 
441,246 
225,871 
Creditors: amounts falling due within one year
(182,570)
(102,302)
Net current assets
258,676 
123,569 
Total assets less current liabilities
276,714 
150,325 
Creditors: amounts falling due after more than one year
- 
(1,653)
Net assets
276,714 
148,672 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
276,712 
148,670 
Shareholders' funds
276,714 
148,672 
For the year ending 29 September 2024 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 3 April 2025 and were signed on its behalf by
Mr P Stewart Director Company Registration No. 04508748
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P Stewart Electrical Limited Notes to the Accounts for the year ended 29 September 2024
1
Statutory information
P Stewart Electrical Limited is a private company, limited by shares, registered in England and Wales, registration number 04508748. The registered office is Unit 1 Birchill Road, Knowsley Industrial Park, Liverpool, Merseyside, L33 7TD.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
15% on reducing balance
Motor vehicles
25% on reducing balance
Computer equipment
15% on reducing balance
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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P Stewart Electrical Limited Notes to the Accounts for the year ended 29 September 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 30 September 2023
8,502 
35,695 
6,428 
50,625 
At 29 September 2024
8,502 
35,695 
6,428 
50,625 
Depreciation
At 30 September 2023
7,223 
12,260 
4,386 
23,869 
Charge for the year
226 
7,811 
681 
8,718 
At 29 September 2024
7,449 
20,071 
5,067 
32,587 
Net book value
At 29 September 2024
1,053 
15,624 
1,361 
18,038 
At 29 September 2023
1,279 
23,435 
2,042 
26,756 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
13,523 
4,778 
Trade debtors
42,469 
26,452 
Other debtors
- 
36,478 
55,992 
67,708 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,202 
5,324 
Trade creditors
52,410 
16,350 
Taxes and social security
120,337 
64,100 
Other creditors
- 
13,001 
Loans from directors
816 
718 
Accruals
3,805 
2,809 
182,570 
102,302 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
1,653 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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