P G ELECTRICAL CONTRACTING LTD


Director	GARRETT, Paul Stephen


Registered Address	10 Heron Close
	Church Crookham
	Fleet
	GU52 6EF


Registered Number	15325069 (England and Wales)

Balance Sheet as at
31 December 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		60,000		67,500
Tangible assets	4		345		253
			60,345		67,753
Current assets
Debtors	5	7,222		17,596
Cash at bank and on hand		28,256		36,008
		35,478		53,604
Creditors amounts falling due within one year	6	(68,809)		(99,529)
Net current assets (liabilities)			(33,331)		(45,925)
Total assets less current liabilities			27,014		21,828
Net assets			27,014		21,828
Capital and reserves
Called up share capital			100		100
Profit and loss account			26,914		21,728
Shareholders' funds			27,014		21,828

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 21 May 2026, and are signed on its behalf by:

GARRETT, Paul Stephen
Director
Registered Company No. 15325069

P G ELECTRICAL CONTRACTING LTD

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover policy
	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.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Goodwill
	Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Reducing balance (%)
	Office Equipment	25

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 January 25	75,000	75,000
At 31 December 25	75,000	75,000
Amortisation and impairment
At 01 January 25	7,500	7,500
Charge for year	7,500	7,500
At 31 December 25	15,000	15,000
Net book value
At 31 December 25	60,000	60,000
At 31 December 24	67,500	67,500

4.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 January 25	337	337
Additions	207	207
At 31 December 25	544	544
Depreciation and impairment
At 01 January 25	84	84
Charge for year	115	115
At 31 December 25	199	199
Net book value
At 31 December 25	345	345
At 31 December 24	253	253

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	4,703	11,886
Other debtors	2,519	5,710
Total	7,222	17,596

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	1,699	3,486
Amounts owed to related parties	51,864	73,651
Taxation and social security	14,330	21,512
Accrued liabilities and deferred income	916	880
Total	68,809	99,529