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Registered number: 02924921
Peter Fowler (Electrical) Limited
Financial Statements
For The Year Ended 30 April 2025
A Wigglesworth & Company Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 02924921
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 842,615 732,660
842,615 732,660
CURRENT ASSETS
Stocks 5 63,034 69,678
Debtors 6 1,166,609 1,101,563
Cash at bank and in hand 3,783,907 3,856,729
5,013,550 5,027,970
Creditors: Amounts Falling Due Within One Year 7 (511,960 ) (496,586 )
NET CURRENT ASSETS (LIABILITIES) 4,501,590 4,531,384
TOTAL ASSETS LESS CURRENT LIABILITIES 5,344,205 5,264,044
PROVISIONS FOR LIABILITIES
Deferred Taxation (37,412 ) (6,246 )
NET ASSETS 5,306,793 5,257,798
CAPITAL AND RESERVES
Called up share capital 8 171 171
Profit and Loss Account 5,306,622 5,257,627
SHAREHOLDERS' FUNDS 5,306,793 5,257,798
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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
D P Fowler
Director
19/01/2026
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Peter Fowler (Electrical) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02924921 . The registered office is Unit 3, Derby Road, Wheatley, Doncaster, South Yorkshire, DN2 4PQ.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:
Freehold 1% on cost or revalued amount
Leasehold 10% on cost
Plant & Machinery 20% on cost
Motor Vehicles 25% on cost
Fixtures & Fittings 20% on cost
Computer Equipment 33% on cost
2.4. 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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2.5. Taxation
Income 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 years 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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 30 (2024: 39)
30 39
4. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles
£ £ £ £
Cost
As at 1 May 2024 725,450 64,239 16,620 523,786
Additions - - 22,946 140,371
Disposals - - - (47,708 )
As at 30 April 2025 725,450 64,239 39,566 616,449
...CONTINUED
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Depreciation
As at 1 May 2024 59,165 64,239 12,417 461,620
Provided during the period 7,255 - 1,773 63,989
Disposals - - - (47,708 )
As at 30 April 2025 66,420 64,239 14,190 477,901
Net Book Value
As at 30 April 2025 659,030 - 25,376 138,548
As at 1 May 2024 666,285 - 4,203 62,166
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 May 2024 6,773 46,504 1,383,372
Additions 263 21,981 185,561
Disposals - - (47,708 )
As at 30 April 2025 7,036 68,485 1,521,225
Depreciation
As at 1 May 2024 6,773 46,498 650,712
Provided during the period 35 2,554 75,606
Disposals - - (47,708 )
As at 30 April 2025 6,808 49,052 678,610
Net Book Value
As at 30 April 2025 228 19,433 842,615
As at 1 May 2024 - 6 732,660
5. Stocks
2025 2024
£ £
Stock 28,220 25,228
Work in progress 34,814 44,450
63,034 69,678
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 540,694 546,057
Amounts owed by group undertakings 573,575 497,984
Other debtors 52,340 57,522
1,166,609 1,101,563
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 143,904 104,325
Other creditors 49,762 35,193
Taxation and social security 318,294 357,068
511,960 496,586
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 171 171
9. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
10. Audit Information
The auditor's report on the accounts of Peter Fowler (Electrical) Limited for the year ended 30 April 2025 was unqualified.
The auditor's report was signed by Arthur Wigglesworth (Senior Statutory Auditor) for and on behalf of A Wigglesworth & Company Ltd , Statutory Auditor.
A Wigglesworth & Company Ltd
Armstrong House, First Avenue
Finningley
Doncaster
DN9 3GA
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