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Registered number: 09091638
PRUDENT ELECTRICAL LIMITED
Unaudited Financial Statements
For The Year Ended 30 June 2025
ELM Partners
Chartered Certified Accountants & Registered Auditors
Southgate Offie Village
286a Chase Road
Soutghate
London
N14 6HF
PRUDENT ELECTRICAL LIMITED
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
PRUDENT ELECTRICAL LIMITED
Balance Sheet
As At 30 June 2025
Balance Sheet
Registered number: 09091638

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 3,942 |  | 15,326
|  |  | 3,942 |  | 15,326
CURRENT ASSETS
Debtors | 5 | 140,819 |  | 125,225 |
Cash at bank and in hand |  | 22,029 |  | 12,996 |
|  | 162,848 |  | 138,221 |
Creditors: Amounts Falling Due Within One Year | 6 | (136,931 ) |  | (117,135 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 25,917 |  | 21,086
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 29,859 |  | 36,412
Creditors: Amounts Falling Due After More Than One Year | 7 |  | (29,764 ) |  | (36,093 )
NET ASSETS |  |  | 95 |  | 319
CAPITAL AND RESERVES
Called up share capital | 8 |  | 2 |  | 2
Profit and Loss Account |  |  | 93 |  | 317
SHAREHOLDERS' FUNDS |  |  | 95 |  | 319

Page 1
Page 2
PRUDENT ELECTRICAL LIMITED
Balance Sheet (continued)
As At 30 June 2025
For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr Plamen Todorov Ilchev Director
20/10/2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
PRUDENT ELECTRICAL LIMITED
Notes to the Financial Statements
For The Year Ended 30 June 2025
Notes to the Financial Statements
1. General Information
PRUDENT ELECTRICAL LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 09091638 . The registered office is 23 Summit Way, Southgate, London, N14 7NN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery | 15% on a reducing balance method
Motor Vehicles | 15% on a reducing balance method

2.4. Taxation
Corporation tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
Page 3
Page 4
PRUDENT ELECTRICAL LIMITED
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2025
4. Tangible Assets

| Plant & Machinery
--- | ---
| £
Cost
As at 1 July 2024 | 34,214
Disposals | (24,871 )
As at 30 June 2025 | 9,343
Depreciation
As at 1 July 2024 | 18,888
Provided during the period | 986
Disposals | (14,473 )
As at 30 June 2025 | 5,401
Net Book Value
As at 30 June 2025 | 3,942
As at 1 July 2024 | 15,326

5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 40,700 |  | 22,324
Prepayments and accrued income | 41,040 |  | 51,432
Other debtors | 6,500 |  | -
Corporation tax recoverable assets | 13,233 |  | -
VAT | 136 |  | 340
Director's loan account | 39,210 |  | 51,129
| 140,819 |  | 125,225

6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 10,358 |  | 22,599
Bank loans and overdrafts | 6,329 |  | 7,627
Corporation tax | 108,558 |  | 82,455
Other taxes and social security | 10,486 |  | 2,554
Accruals and deferred income | 1,200 |  | 1,900
| 136,931 |  | 117,135

7. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 29,764 |  | 36,093

Included in creditors is a bounce bank loan of £36,093. The government guarantees 100% of the bounce loan and there are no fees or interest for the first 12 months. After 12 months , the interest is capped at 2.5% per year and the total amount payable must be repaid by way of monthly payments (consisting of capital and interest).
Page 4
Page 5
PRUDENT ELECTRICAL LIMITED
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2025
8. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 2 |  | 2

9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:

| As at 1 July 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 30 June 2025
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mr Plamen Todorov Ilchev | 51,129 | 73,585 | 85,504 | - | 39,210

The above loan is unsecured and repayable on demand. During the year interest was charged on overdrawn director loan account at the official interest rate.
10. Related Party Transactions
Included in debtors amount falling due within one year is an amount of £39,210 (2024: £51,129) due from Mr Plamen Ilchev, director of the company.
Page 5