Company Registration No. 11327046 (England and Wales)
PRESTIGE ELECTRICAL SERVICES OXON LTD
Unaudited accounts
for the year ended 31 March 2026
PRESTIGE ELECTRICAL SERVICES OXON LTD
Unaudited accounts
Contents
PRESTIGE ELECTRICAL SERVICES OXON LTD
Company Information
for the year ended 31 March 2026
Company Number
11327046 (England and Wales)
Registered Office
4 POST OFFICE VAULTS
MARKET PLACE
WANTAGE
OXFORDSHIRE
OX12 8AT
United Kingdom
Accountants
J JENKIN & ASSOCIATES LIMITED
POST OFFICE VAULTS
4 MARKET PLACE
WANTAGE
OXFORDSHIRE
OX12 8AT
PRESTIGE ELECTRICAL SERVICES OXON LTD
Statement of financial position
as at 31 March 2026
Tangible assets
24,848
32,242
Cash at bank and in hand
62,903
91,726
Creditors: amounts falling due within one year
(68,448)
(73,332)
Net current assets
51,638
94,980
Total assets less current liabilities
76,486
127,222
Creditors: amounts falling due after more than one year
(17,479)
(22,955)
Called up share capital
1
1
Profit and loss account
59,006
104,266
Shareholders' funds
59,007
104,267
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 May 2026 and were signed on its behalf by
Joseph Bennett
Director
Company Registration No. 11327046
PRESTIGE ELECTRICAL SERVICES OXON LTD
Notes to the Accounts
for the year ended 31 March 2026
PRESTIGE ELECTRICAL SERVICES OXON LTD is a private company, limited by shares, registered in England and Wales, registration number 11327046. The registered office is 4 POST OFFICE VAULTS, MARKET PLACE, WANTAGE, OXFORDSHIRE, OX12 8AT, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing balance
Fixtures & fittings
25% Reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
PRESTIGE ELECTRICAL SERVICES OXON LTD
Notes to the Accounts
for the year ended 31 March 2026
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2025
51,584
8,850
60,434
At 31 March 2026
51,584
9,690
61,274
At 1 April 2025
23,209
4,983
28,192
Charge for the year
7,093
1,141
8,234
At 31 March 2026
30,302
6,124
36,426
At 31 March 2026
21,282
3,566
24,848
At 31 March 2025
28,375
3,867
32,242
Amounts falling due within one year
Deferred tax asset
4,721
6,126
Other debtors
28,033
29,999
6
Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
975
3,972
Obligations under finance leases and hire purchase contracts
5,477
5,477
Trade creditors
52,910
42,437
Taxes and social security
7,632
20,356
Loans from directors
148
501
7
Creditors: amounts falling due after more than one year
2026
2025
Obligations under finance leases and hire purchase contracts
17,479
22,955
8
Average number of employees
During the year the average number of employees was 1 (2025: 1).