Prince Electronic Supplies Limited

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

Registered number: 02112565

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		11,350		14,187

			11,350		14,187
CURRENT ASSETS
Stocks	5	19,236		18,845
Debtors	6	80,138		104,386
Cash at bank and in hand		1,422		7,047

		100,796		130,278
Creditors: Amounts Falling Due Within One Year	7	(92,271 )		(116,829 )

NET CURRENT ASSETS (LIABILITIES)			8,525		13,449

TOTAL ASSETS LESS CURRENT LIABILITIES			19,875		27,636

Creditors: Amounts Falling Due After More Than One Year	8		(19,831 )		(27,564 )

NET ASSETS			44		72

CAPITAL AND RESERVES
Called up share capital	10		4		4
Profit and Loss Account			40		68

SHAREHOLDERS' FUNDS			44		72

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Prince Electronic Supplies Limited

Balance Sheet (continued)

As At 31 October 2025

For the year ending 31 October 2025 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 directors acknowledge their 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 Christopher Humphrey

Director

17 December 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Prince Electronic Supplies Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02112565 . The registered office is Damer House, Meadow Way, Wickford, Essex, SS12 9HA.

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, excluding discounts, rebates, value added taxes, and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and 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	20% Reducing balance
Motor Vehicles	20% Reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Prince Electronic Supplies Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

2.6. Taxation

Taxation represents the sum of the tax currently payable and deferred tax.

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. 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.

3. Average Number of Employees

The average number of employees, including directors, during the year was as follows: 2 (2024: 2)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 November 2024	9,639	21,995	31,634

As at 31 October 2025	9,639	21,995	31,634

Depreciation
As at 1 November 2024	9,529	7,918	17,447
Provided during the period	22	2,815	2,837

As at 31 October 2025	9,551	10,733	20,284

Net Book Value
As at 31 October 2025	88	11,262	11,350

As at 1 November 2024	110	14,077	14,187

5. Stocks

	2025	2024
	£	£
Stocks	19,236	18,845

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Prince Electronic Supplies Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	80,112	104,360
Other debtors	26	26

	80,138	104,386

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	4,399	4,399
Trade creditors	58,681	85,136
Bank loans and overdrafts	3,333	3,333
Other creditors	15,788	13,115
Taxation and social security	10,070	10,846

	92,271	116,829

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	7,331	11,730
Bank loans	12,500	15,834

	19,831	27,564

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	4,399	4,399
Later than one year and not later than five years	7,331	11,730

	11,730	16,129

	11,730	16,129

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	4	4

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