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REGISTERED NUMBER: 08538258 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Phil Clark Electrical Ltd

Phil Clark Electrical Ltd (Registered number: 08538258)






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


Phil Clark Electrical Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTOR: P C Clark





REGISTERED OFFICE: 794 High Street
Kingswinford
West Midlands
DY6 8BQ





REGISTERED NUMBER: 08538258 (England and Wales)





ACCOUNTANTS: Dalton Pardoe Limited
Chartered Accountants
794 High Street
Kingswinford
West Midlands
DY6 8BQ

Phil Clark Electrical Ltd (Registered number: 08538258)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,410 3,122

CURRENT ASSETS
Stocks 300 350
Debtors 5 1,769 5,260
Cash at bank 18,977 12,102
21,046 17,712
CREDITORS
Amounts falling due within one year 6 18,191 15,438
NET CURRENT ASSETS 2,855 2,274
TOTAL ASSETS LESS CURRENT LIABILITIES 7,265 5,396

PROVISIONS FOR LIABILITIES 593 593
NET ASSETS 6,672 4,803

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 6,572 4,703
SHAREHOLDERS' FUNDS 6,672 4,803

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 July 2025 and were signed by:





P C Clark - Director


Phil Clark Electrical Ltd (Registered number: 08538258)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Phil Clark Electrical 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.

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.
Improvements to property - in accordance with the property
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Phil Clark Electrical Ltd (Registered number: 08538258)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 2,736 1,855 5,750 2,481 12,822
Additions - 1,245 - 939 2,184
At 31 December 2024 2,736 3,100 5,750 3,420 15,006
DEPRECIATION
At 1 January 2024 876 1,577 5,320 1,927 9,700
Charge for year 109 305 108 374 896
At 31 December 2024 985 1,882 5,428 2,301 10,596
NET BOOK VALUE
At 31 December 2024 1,751 1,218 322 1,119 4,410
At 31 December 2023 1,860 278 430 554 3,122

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 627 3,766
Other debtors 1,142 1,494
1,769 5,260

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors - 42
Tax 230 115
VAT 600 1,200
Directors' current accounts 16,597 13,325
Accrued expenses 764 756
18,191 15,438

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Retained
earnings
£   

At 1 January 2024 4,703
Profit for the year 2,269
Dividends (400 )
At 31 December 2024 6,572

Phil Clark Electrical Ltd (Registered number: 08538258)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

9. ULTIMATE CONTROLLING PARTY

The controlling party is P C Clark.