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
P Stewart Electrical Limited
Company Information
for the year ended 29 September 2024
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
P Stewart Electrical Limited
Statement of financial position
as at 29 September 2024
Tangible assets
18,038
26,756
Cash at bank and in hand
385,254
158,163
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
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
P Stewart Electrical Limited
Notes to the Accounts
for the year ended 29 September 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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.
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
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
At 29 September 2024
1,053
15,624
1,361
18,038
At 29 September 2023
1,279
23,435
2,042
26,756
Amounts falling due within one year
Trade debtors
42,469
26,452
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
Loans from directors
816
718
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).