PNG ELECTRICAL LIMITED

PNG ELECTRICAL LIMITED
Contents Page
For the year ended 31 March 2026

Accountants' Report	1
Statement of Financial Position	2
Notes to the Financial Statements	3

PNG ELECTRICAL LIMITED Accountants' Report For the year ended 31 March 2026
Accountant’s report You consider that the company is exempt from an audit for the year ended 31 March 2026 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. Swan Saunders Limited 31 March 2026 .................................................... Swan Saunders Limited Oak Lodge Business Centre 129 School Lane Little Melton NR93LB 11 August 2026 1

PNG ELECTRICAL LIMITED
Accountants' Report
For the year ended 31 March 2026

Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 March 2026 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Swan Saunders Limited
31 March 2026

....................................................

Swan Saunders Limited
Oak Lodge Business Centre
129 School Lane
Little Melton
NR93LB
11 August 2026

1

PNG ELECTRICAL LIMITED
Statement of Financial Position
As at 31 March 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	3	106,637	54,962
		106,637	54,962
Current assets
Stocks		25,000	34,852
Debtors		105,817	60,386
Cash at bank and in hand		160,748	214,460
		291,565	309,698
Creditors: amount falling due within one year		(75,376)	(92,395)
Net current assets		216,189	217,303

Total assets less current liabilities		322,826	272,265
Creditors: amount falling due after more than one year		(61,041)	(28,704)
Accruals and deferred income		(1,896)	(7,700)
Provisions for liabilities		(13,896)	(13,740)
Net assets		245,993	222,121

Capital and reserves
Called up share capital	4	100	100
Profit and loss account		245,893	222,021
Shareholders' funds		245,993	222,121

For the year ended 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 accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 11 August 2026 and were signed on its behalf by:

-------------------------------
Paul Grimsley
Director

2

PNG ELECTRICAL LIMITED
Notes to the Abridged Financial Statements
For the year ended 31 March 2026

General Information

PNG ELECTRICAL LIMITED is a private company, limited by shares, registered in , registration number 08567237, registration address Unit 4 Riverside Road, Riverside Industrial Estate, Gorleston Great Yarmouth , NORFOLK, NR31 6PU.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using 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.
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.
Current and deferred tax assets and liabilities are not discounted.

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	15% Reducing Balance
Motor Vehicles	20% Reducing Balance
Computer Equipment	20% Reducing Balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 8 (2025 : 8).

3.

Tangible fixed assets

Cost or valuation	Plant and Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
At 01 April 2025	46,603	67,180	15,940	129,723
Additions	4,242	77,330	-	81,572
Disposals	-	-	-	-
At 31 March 2026	50,845	144,510	15,940	211,295
Depreciation
At 01 April 2025	15,841	49,100	9,820	74,761
Charge for year	7,627	19,082	3,188	29,897
On disposals	-	-	-	-
At 31 March 2026	23,468	68,182	13,008	104,658
Net book values
Closing balance as at 31 March 2026	27,377	76,328	2,932	106,637
Opening balance as at 01 April 2025	30,762	18,080	6,120	54,962

4.

Share Capital

Allotted, called up and fully paid	2026 £		2025 £
100 Class A shares of £1.00 each	100		100
	100		100

3

Registered Number: 08567237

PNG ELECTRICAL LIMITED

Abridged Accounts

Period of accounts Start date: 01 April 2025 End date: 31 March 2026