REGISTERED NUMBER: 10934905 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

PRS Electrical Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P T Davies

R Artus

S D Smith

REGISTERED OFFICE:

2 Holford Court

Whitchurch

Bristol

BS14 9LT

REGISTERED NUMBER:

10934905 (England and Wales)

ACCOUNTANTS:

Norton Accountancy Ltd

7 Soundwell Road

Staple Hill

Bristol

BS16 4QG

FIXED ASSETS

Tangible assets

4

24,721

65,028

CURRENT ASSETS

Debtors

5

122,993

108,008

Cash at bank

2,447

46,895

125,440

154,903

CREDITORS

Amounts falling due within one year

6

(127,853

)

(135,072

)

NET CURRENT (LIABILITIES)/ASSETS

(2,413

)

19,831

TOTAL ASSETS LESS CURRENT LIABILITIES

22,308

84,859

CREDITORS

Amounts falling due after more than one year

7

(19,362

)

(63,009

)

NET ASSETS

2,946

21,850

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

2,943

21,847

2,946

21,850

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 28 May 2026 and were signed on its behalf by:

P T Davies - Director

1.	STATUTORY INFORMATION

PRS Electrical Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2024

102,536

Disposals

(63,671

)

At 31 August 2025

38,865

DEPRECIATION

At 1 September 2024

37,508

Charge for year

6,180

Eliminated on disposal

(29,544

)

At 31 August 2025

14,144

NET BOOK VALUE

At 31 August 2025

24,721

At 31 August 2024

65,028

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 September 2024

102,011

Disposals

(63,671

)

At 31 August 2025

38,340

DEPRECIATION

At 1 September 2024

37,212

Charge for year

6,134

Eliminated on disposal

(29,544

)

At 31 August 2025

13,802

NET BOOK VALUE

At 31 August 2025

24,538

At 31 August 2024

64,799

5.

DEBTORS

31.8.25

31.8.24

£

£

Amounts falling due within one year:

Trade debtors

105,687

95,414

Other debtors

1,657

12,594

107,344

108,008

Amounts falling due after more than one year:

Other debtors

15,649

-

Aggregate amounts

122,993

108,008

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Hire purchase contracts

4,787

11,986

Trade creditors

3,359

11,674

Taxation and social security

87,214

72,721

Other creditors

32,493

38,691

127,853

135,072

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Hire purchase contracts

19,362

59,326

Other creditors

-

3,683

19,362

63,009

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At year end the directors owed the company £15,649 this was repaid within 9 months (2024 - company owed the directors £3,683).