PJS Electrical Contractors (NW) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05225556 (England and Wales)

Financial Statements for the Year Ended 30 September 2019

for

P J S Electrical Contractors

(North West) Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

6

DIRECTORS:

Mrs K Sullivan

Mr P Sullivan

REGISTERED OFFICE:

1-3 Crosby Road South

Liverpool

Merseyside

L22 1RG

REGISTERED NUMBER:

05225556 (England and Wales)

ACCOUNTANTS:

V & R Accountancy Services

Chartered Certified Accountants

1-3 Crosby Road South

Waterloo

Liverpool

Merseyside

L22 1RG

FIXED ASSETS

Tangible assets

3

10,492

4,520

CURRENT ASSETS

Debtors

1,154,438

340,384

Cash at bank

217,020

313,837

1,371,458

654,221

CREDITORS

Amounts falling due within one year

572,467

304,392

NET CURRENT ASSETS

798,991

349,829

TOTAL ASSETS LESS CURRENT LIABILITIES

809,483

354,349

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

809,481

354,347

SHAREHOLDERS' FUNDS

809,483

354,349

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 September 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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 7 May 2020 and were signed on its behalf by:

Mrs K Sullivan - Director

1.	STATUTORY INFORMATION

P J S Electrical Contractors (North West) 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. 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.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

3.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2018

18,823

Additions

9,470

At 30 September 2019

28,293

DEPRECIATION

At 1 October 2018

14,303

Charge for year

3,498

At 30 September 2019

17,801

NET BOOK VALUE

At 30 September 2019

10,492

At 30 September 2018

4,520

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary

statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of P J S Electrical Contractors (North West) Limited for the year ended 30 September 2019 which

comprise the Abridged Income Statement, Abridged Balance Sheet, Statement of Changes in Equity and the related

notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of P J S Electrical Contractors (North West) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of P J S Electrical Contractors (North West) Limited and state those matters that we have agreed to state to the Board of Directors of P J S Electrical Contractors (North West) Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that P J S Electrical Contractors (North West) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of P J S Electrical Contractors (North West) Limited. You consider that P J S Electrical Contractors (North West) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of P J S Electrical Contractors (North West) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

V & R Accountancy Services

Chartered Certified Accountants

1-3 Crosby Road South

Waterloo

Liverpool

Merseyside

L22 1RG

7 May 2020