PAC Electrical Services Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02117640

PAC Electrical Services Limited

Filleted Unaudited Financial Statements

For the year ended

31 March 2026

PAC Electrical Services Limited

Statement of Financial Position

31 March 2026

	2026		2025
Note	£	£	£	£

Fixed assets

Tangible assets	5		322,461		265,021

Current assets

Debtors	6	2,020,502	1,611,995
Cash at bank and in hand		569,872	768,726
		------------	------------
		2,590,374	2,380,721

Creditors: amounts falling due within one year	7	1,458,102		1,524,679
		------------		------------
Net current assets			1,132,272		856,042
			------------		------------
Total assets less current liabilities			1,454,733		1,121,063

Creditors: amounts falling due after more than one year	8		20,281		11,729

Provisions

Deferred taxation	32,930	45,456
	------------	------------
Net assets	1,401,522	1,063,878
	------------	------------

Capital and reserves

Called up share capital	30,000	30,000
Profit and loss account	1,371,522	1,033,878
	------------	------------
Shareholders funds	1,401,522	1,063,878
	------------	------------

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 statement of comprehensive income 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 .

PAC Electrical Services Limited

Statement of Financial Position (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 29 July 2026 , and are signed on behalf of the board by:

Mr P D Fish

Director

Company registration number: 02117640

PAC Electrical Services Limited

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 Shortacre Works, Beach Road, Cottenham, Cambridge, CB24 8BW.

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.

Revenue recognition

Turnover represents work done during the year, exclusive of Value Added Tax. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

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:

Short leasehold property	-	20% straight line
Motor vehicles	-	25% reducing balance
Equipment	-	20-30% straight line

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position 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.

Defined contribution plans

The company operates a small self-administered pension scheme on behalf of certain directors. This is administered by trustees and is independent of the company finances. The company also operates a defined contribution scheme on behalf of the employees. This is administered by trustees and is independent of the company finances. Contributions are charged to profit and loss as they become payable in accordance with the rules of the scheme. Pension payments are related to the premiums paid.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 79 (2025: 70 ).

5. Tangible assets

	Land and buildings	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 April 2025	8,033	543,063	81,464	632,560
Additions	88,751	34,999	17,922	141,672
Disposals	–	( 86,389)	–	( 86,389)
	--------	---------	--------	---------
At 31 March 2026	96,784	491,673	99,386	687,843
	--------	---------	--------	---------
Depreciation
At 1 April 2025	1,250	322,521	43,768	367,539
Charge for the year	3,484	55,801	19,761	79,046
Disposals	–	( 81,203)	–	( 81,203)
	--------	---------	--------	---------
At 31 March 2026	4,734	297,119	63,529	365,382
	--------	---------	--------	---------
Carrying amount
At 31 March 2026	92,050	194,554	35,857	322,461
	--------	---------	--------	---------
At 31 March 2025	6,783	220,542	37,696	265,021
	--------	---------	--------	---------

6. Debtors

	2026	2025
	£	£
Trade debtors	1,959,074	1,507,085
Other debtors	61,428	104,910
	------------	------------
	2,020,502	1,611,995
	------------	------------

Included within trade debtors is £234,276 (2025: £163,004) in respect of amounts recoverable on contracts.

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	14,734	71,197
Trade creditors	714,519	869,932
Social security and other taxes	312,880	243,608
Other creditors	415,969	339,942
	------------	------------
	1,458,102	1,524,679
	------------	------------

Included within other creditors stated above is an amount of £17,789 (2025: £40,794) for which security over the assets to which the liability relates to has been given.

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

	2026	2025
	£	£
Other creditors	20,281	11,729
	--------	--------

The amounts stated above for other creditors are secured over the assets to which the liability relates.

9. Other financial commitments

The total future minimum lease payments under non-cancellable operating leases is £844,959 (2025: £885,646).