REGISTERED NUMBER: 05608834 (England and Wales)

Unaudited Financial Statements For The Year Ended 31 March 2025

for

Platinum Electrical Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Paul Bolderson

Mrs Kirsty Bolderson

SECRETARY:

Mrs Kirsty Bolderson

REGISTERED OFFICE:

Unit 10

Ecclesbourne Road Industrial Estate

Clover Nook Road, Cotes Park Industrial

Somercotes

Derbyshire

DE55 4RF

REGISTERED NUMBER:

05608834 (England and Wales)

ACCOUNTANTS:

Pedley & Co.

82 Nottingham Road

Somercotes

Alfreton

Derbyshire

DE55 4LY

FIXED ASSETS

Tangible assets

4

187,270

176,164

CURRENT ASSETS

Stocks

30,000

25,750

Debtors

5

1,049,971

249,289

Cash at bank and in hand

189,721

317,107

1,269,692

592,146

CREDITORS

Amounts falling due within one year

6

596,606

231,687

NET CURRENT ASSETS

673,086

360,459

TOTAL ASSETS LESS CURRENT LIABILITIES

860,356

536,623

CREDITORS

Amounts falling due after more than one year

7

48,600

80,061

NET ASSETS

811,756

456,562

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

811,753

456,559

SHAREHOLDERS' FUNDS

811,756

456,562

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 31 July 2025 and were signed on its behalf by:

Mr Paul Bolderson - Director

1.	STATUTORY INFORMATION

Platinum Electrical Limited 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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

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.

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 20 (2024 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

70,877

47,711

443,251

561,839

Additions

1,400

1,499

82,444

85,343

Disposals

-

-

(21,000

)

(21,000

)

At 31 March 2025

72,277

49,210

504,695

626,182

DEPRECIATION

At 1 April 2024

53,457

38,500

293,718

385,675

Charge for year

4,705

2,678

55,042

62,425

Eliminated on disposal

-

-

(9,188

)

(9,188

)

At 31 March 2025

58,162

41,178

339,572

438,912

NET BOOK VALUE

At 31 March 2025

14,115

8,032

165,123

187,270

At 31 March 2024

17,420

9,211

149,533

176,164

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,010,978

207,009

Other debtors

38,993

42,280

1,049,971

249,289

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

31,470

34,811

Trade creditors

232,476

71,849

Taxation and social security

308,169

124,812

Other creditors

24,491

215

596,606

231,687

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

48,600

80,061