PP Electrical Services (Shropshire) Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 8447690

PP Electrical Services (Shropshire) Ltd

Filleted Unaudited Financial Statements

31 March 2026

PP Electrical Services (Shropshire) Ltd

Balance Sheet

31 March 2026

	2026	2025
Note	£	£

Fixed assets

Intangible assets	5	1	1
Tangible assets	6	120,807	202,938
		---------	---------
		120,808	202,939

Current assets

Stocks		6,950	6,950
Debtors	7	120,648	189,167
Cash at bank and in hand		259,784	122,350
		---------	---------
		387,382	318,467

Creditors: amounts falling due within one year	8	381,031	323,296
		---------	---------
Net current assets/(liabilities)		6,351	( 4,829)
		---------	---------
Total assets less current liabilities		127,159	198,110

Creditors: amounts falling due after more than one year	9	10,502	48,371

Provisions	30,202	50,734
	---------	---------
Net assets	86,455	99,005
	---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	86,355	98,905
	--------	--------
Shareholders funds	86,455	99,005
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

PP Electrical Services (Shropshire) Ltd

Balance Sheet (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 18 June 2026 , and are signed on behalf of the board by:

Mr P A Turner

Director

Company registration number: 8447690

PP Electrical Services (Shropshire) Ltd

Notes to the Financial Statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit H6, Halesfield 19, Telford, Shropshire, TF7 4QT.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	Over 5 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Office Equipment	-	25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. The basic financial instruments of the company are as follows: Debtors Debtors do not carry any interest and are stated at their nominal values. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired. Cash at bank and in hand This comprises cash at bank and cash in hand. Trade creditors Trade creditors are not interest bearing and are stated at their nominal value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 14 (2025: 12 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 April 2025 and 31 March 2026	250,000
	---------
Amortisation
At 1 April 2025 and 31 March 2026	249,999
	---------
Carrying amount
At 31 March 2026	1
	---------
At 31 March 2025	1
	---------

6. Tangible assets

	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 April 2025	62,149	303,476	28,423	394,048
Additions	1,943	–	5,956	7,899
Disposals	–	( 136,527)	–	( 136,527)
	--------	---------	--------	---------
At 31 March 2026	64,092	166,949	34,379	265,420
	--------	---------	--------	---------
Depreciation
At 1 April 2025	54,416	119,138	17,556	191,110
Charge for the year	1,934	46,084	2,717	50,735
Disposals	–	( 97,232)	–	( 97,232)
	--------	---------	--------	---------
At 31 March 2026	56,350	67,990	20,273	144,613
	--------	---------	--------	---------
Carrying amount
At 31 March 2026	7,742	98,959	14,106	120,807
	--------	---------	--------	---------
At 31 March 2025	7,733	184,338	10,867	202,938
	--------	---------	--------	---------

7. Debtors

	2026	2025
	£	£
Trade debtors	119,436	173,163
Other debtors	1,212	16,004
	---------	---------
	120,648	189,167
	---------	---------

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	1,667	10,000
Trade creditors	190,512	153,424
Corporation tax	54,549	41,733
Social security and other taxes	35,293	16,948
Other creditors	99,010	101,191
	---------	---------
	381,031	323,296
	---------	---------

The amount of £1,667 (2025 - £10,000) include in creditors due within one year is subject to a UK Government guarantee. The facility is provided through the Bounce Back Loan Scheme (BBLS), manage by the British Business Bank on behalf of and with the financial backing of the Secretary of State for business, Energy and Industrial Strategy. The BBLS guarantee is provided to the lender. An amount of £35,297 ( 2025 - £50,143) included within other creditors due within one year is hire purchase liability which is secured on the asset to which it relates.

9. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	–	1,667
Other creditors	10,502	46,704
	--------	--------
	10,502	48,371
	--------	--------

An amount of £10,502 ( 2025 - £46,704) included within other creditors due after more than one year is hire purchase liability which is secured on the asset to which it relates.

10. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2026	2025
	£	£
Not later than 1 year	16,428	16,428
Later than 1 year and not later than 5 years	4,107	20,535
	--------	--------
	20,535	36,963
	--------	--------