REGISTERED NUMBER: 04910257 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

P M W ELECTRICAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P M Wood

D Oliver

REGISTERED OFFICE:

23 The Hub

Commercial Road

Darwen

Lancashire

BB3 0FL

REGISTERED NUMBER:

04910257 (England and Wales)

ACCOUNTANTS:

P B Syddall & Co

Chartered Accountants

Grafton House

81 Chorley Old Road

Bolton

Lancashire

BL1 3AJ

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

38,371

37,005

38,371

37,005

CURRENT ASSETS

Stocks

7

42,900

27,400

Debtors

8

63,658

72,424

Cash in hand

80

80

106,638

99,904

CREDITORS

Amounts falling due within one year

9

136,036

158,712

NET CURRENT LIABILITIES

(29,398

)

(58,808

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,973

(21,803

)

CREDITORS

Amounts falling due after more than one year

10

(1,656

)

(12,142

)

PROVISIONS FOR LIABILITIES

(7,291

)

(7,031

)

NET ASSETS/(LIABILITIES)

26

(40,976

)

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

16

(40,986

)

SHAREHOLDERS' FUNDS

26

(40,976

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 11 August 2026 and were signed on its behalf by:

P M Wood - Director

1.	STATUTORY INFORMATION

P M W Electrical Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

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.

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

STOCKS

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2025 - 4 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

12,000

AMORTISATION

At 1 April 2025

and 31 March 2026

12,000

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

6.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 April 2025

105,938

38,667

144,605

Additions

7,468

-

7,468

At 31 March 2026

113,406

38,667

152,073

DEPRECIATION

At 1 April 2025

69,773

37,827

107,600

Charge for year

5,892

210

6,102

At 31 March 2026

75,665

38,037

113,702

NET BOOK VALUE

At 31 March 2026

37,741

630

38,371

At 31 March 2025

36,165

840

37,005

7.

STOCKS

2026

2025

£

£

Work-in-progress

42,900

27,400

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

29,927

58,793

Amounts owed by group undertakings

7,533

633

Directors current account

8,497

-

VAT

17,701

12,998

63,658

72,424

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

26,449

25,301

Trade creditors

43,129

30,888

Tax

28,350

43,164

Social security and other taxes

11,339

3,432

Directors current account

-

25,458

Accrued expenses

26,769

30,469

136,036

158,712

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans - 2-5 years

1,656

12,142

11.	RELATED PARTY DISCLOSURES

During the year the company partially made loans to Millot Investments Limited a company in which director P M Wood is materially interested in as director and shareholder. Outstanding at the year end was £7,533 (2025 - £633 was owed to P M W).