REGISTERED NUMBER: 04346374 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

PR ELECTRICAL INSTALLATIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P S Ruddock

Mrs J E Ruddock

SECRETARY:

Mrs J E Ruddock

REGISTERED OFFICE:

29 Gildredge Road

Eastbourne

East Sussex

BN21 4RU

REGISTERED NUMBER:

04346374 (England and Wales)

ACCOUNTANTS:

Advanta

Chartered Accountants

29 Gildredge Road

Eastbourne

East Sussex

BN21 4RU

FIXED ASSETS

Tangible assets

4

361

785

CURRENT ASSETS

Stocks

5

5,000

5,000

Debtors

6

4,467

8,927

Cash at bank and in hand

29,070

41,294

38,537

55,221

CREDITORS

Amounts falling due within one year

7

22,620

41,714

NET CURRENT ASSETS

15,917

13,507

TOTAL ASSETS LESS CURRENT LIABILITIES

16,278

14,292

CREDITORS

Amounts falling due after more than one year

8

(5,000

)

(10,000

)

PROVISIONS FOR LIABILITIES

10

(69

)

(149

)

NET ASSETS

11,209

4,143

CAPITAL AND RESERVES

Called up share capital

102

102

Retained earnings

11,107

4,041

SHAREHOLDERS' FUNDS

11,209

4,143

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 1 October 2025 and were signed on its behalf by:

Mrs J E Ruddock - Director

1.	STATUTORY INFORMATION

PR Electrical Installations 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 represents income earned from the repair of electrical equipment, excluding value added tax.

Revenue is recognised when work is completed. Revenue not billed is included in debtors as work in progress.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & machinery

-

25% on reducing balance

Furniture,fittings & equipment

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant &

Furniture,fittings

Computer

machinery

& equipment

equipment

Totals

£

£

£

£

COST

At 1 February 2024

88

502

2,339

2,929

Additions

-

-

200

200

Disposals

(88

)

-

(640

)

(728

)

At 31 January 2025

-

502

1,899

2,401

DEPRECIATION

At 1 February 2024

22

502

1,620

2,144

Charge for year

-

-

558

558

Eliminated on disposal

(22

)

-

(640

)

(662

)

At 31 January 2025

-

502

1,538

2,040

NET BOOK VALUE

At 31 January 2025

-

-

361

361

At 31 January 2024

66

-

719

785

5.

STOCKS

2025

2024

£

£

Stocks

1,000

1,000

Work-in-progress

4,000

4,000

5,000

5,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,740

3,915

VAT

-

1,331

Prepayments

2,727

3,681

4,467

8,927

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,000

5,000

Trade creditors

3,705

9,658

Tax

5,550

8,055

PAYE

188

483

VAT

2,654

-

Other creditors

4,196

17,171

Accrued expenses

1,327

1,347

22,620

41,714

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

5,000

5,000

Bank loans - 2-5 years

-

5,000

5,000

10,000

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

2,220

4,440

Between one and five years

-

2,220

2,220

6,660

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

69

149

Deferred

tax

£

Balance at 1 February 2024

149

Provided during year

(80

)

Balance at 31 January 2025

69