PB Electrical (UK) Ltd

PB Electrical (UK) Ltd

PB ELECTRICAL (UK) LTD - Company Information

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1 June 2020 false No description of principal activity Taxfiler 2021.20 05828951business:PrivateLimitedCompanyLtd2020-06-012021-05-31 058289512020-05-31 058289512020-06-012021-05-31 05828951business:AuditExemptWithAccountantsReport2020-06-012021-05-31 05828951business:FullAccounts2020-06-012021-05-31 058289512021-05-31 05828951business:Director12020-06-012021-05-31 05828951business:RegisteredOffice2020-06-012021-05-31 058289512020-05-31 05828951core:WithinOneYear2021-05-31 05828951core:WithinOneYear2020-05-31 05828951core:ShareCapital2021-05-31 05828951core:ShareCapital2020-05-31 05828951core:RetainedEarningsAccumulatedLosses2021-05-31 05828951core:RetainedEarningsAccumulatedLosses2020-05-31 05828951business:SmallEntities2020-06-012021-05-31 05828951countries:EnglandWales2020-06-012021-05-31 05828951core:PlantMachinery2020-06-012021-05-31 05828951core:MotorVehicles2020-06-012021-05-31 05828951core:ComputerEquipment2020-06-012021-05-31 05828951core:Goodwill2020-05-31 05828951core:Goodwill2021-05-31 05828951core:PlantMachinery2020-05-31 05828951core:MotorVehicles2020-05-31 05828951core:ComputerEquipment2020-05-31 05828951core:PlantMachinery2021-05-31 05828951core:MotorVehicles2021-05-31 05828951core:ComputerEquipment2021-05-31 05828951core:AcceleratedTaxDepreciationDeferredTax2021-05-31 05828951core:AcceleratedTaxDepreciationDeferredTax2020-05-31 058289512019-05-31 058289512019-06-012020-05-31 05828951business:Director112020-06-012021-05-31 05828951business:Director112020-05-31 05828951business:Director112021-05-31 iso4217:GBP xbrli:pure
Company Registration No. 05828951 (England and Wales)
PB Electrical (UK) Ltd Unaudited accounts for the year ended 31 May 2021
PB Electrical (UK) Ltd Unaudited accounts Contents
Page
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PB Electrical (UK) Ltd Company Information for the year ended 31 May 2021
Director
Paul Andrew Berry
Company Number
05828951 (England and Wales)
Registered Office
OFFICE 2 8 PANKHURST UNITS PANKHURST CLOSE EXMOUTH DEVON EX8 2RN UNITED KINGDOM
Accountants
Jenkins Accountants Ltd 17 Oaktree Road South Molton Devon EX36 4FJ
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PB Electrical (UK) Ltd Statement of financial position as at 31 May 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
5
39,618 
18,163 
Current assets
Inventories
5,500 
5,500 
Debtors
6
10,769 
25,266 
Cash at bank and in hand
15,604 
24,954 
31,873 
55,720 
Creditors: amounts falling due within one year
7
(50,410)
(48,380)
Net current (liabilities)/assets
(18,537)
7,340 
Total assets less current liabilities
21,081 
25,503 
Provisions for liabilities
Deferred tax
8
(7,527)
(3,452)
Net assets
13,554 
22,051 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
13,552 
22,049 
Shareholders' funds
13,554 
22,051 
For the year ending 31 May 2021 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 December 2021 and were signed on its behalf by
Paul Andrew Berry Director Company Registration No. 05828951
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PB Electrical (UK) Ltd Notes to the Accounts for the year ended 31 May 2021
1
Statutory information
PB Electrical (UK) Ltd is a private company, limited by shares, registered in England and Wales, registration number 05828951. The registered office is OFFICE 2 8 PANKHURST UNITS, PANKHURST CLOSE, EXMOUTH, DEVON, EX8 2RN, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Plant & machinery
20% Reducing balance basis
Motor vehicles
25% Reducing balance basis
Computer equipment
33% Straight line basis
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 June 2020
60,121 
At 31 May 2021
60,121 
Amortisation
At 1 June 2020
60,121 
At 31 May 2021
60,121 
Net book value
At 31 May 2021
- 
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PB Electrical (UK) Ltd Notes to the Accounts for the year ended 31 May 2021
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2020
19,956 
66,203 
5,472 
91,631 
Additions
9,042 
29,000 
- 
38,042 
Disposals
(13,925)
(39,112)
(1,329)
(54,366)
At 31 May 2021
15,073 
56,091 
4,143 
75,307 
Depreciation
At 1 June 2020
13,022 
55,957 
4,489 
73,468 
Charge for the year
2,385 
7,437 
652 
10,474 
On disposals
(9,875)
(37,049)
(1,329)
(48,253)
At 31 May 2021
5,532 
26,345 
3,812 
35,689 
Net book value
At 31 May 2021
9,541 
29,746 
331 
39,618 
At 31 May 2020
6,934 
10,246 
983 
18,163 
6
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
9,602 
4,010 
Accrued income and prepayments
676 
- 
Other debtors
491 
21,256 
10,769 
25,266 
7
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
1,199 
- 
Trade creditors
25,663 
22,080 
Taxes and social security
1,676 
23,335 
Other creditors
656 
2,048 
Loans from directors
20,079 
- 
Accruals
1,137 
917 
50,410 
48,380 
8
Deferred taxation
2021 
2020 
£ 
£ 
Accelerated capital allowances
7,527 
3,452 
2021 
2020 
£ 
£ 
Provision at start of year
3,452 
3,452 
Charged to other comprehensive income
4,075 
- 
Provision at end of year
7,527 
3,452 
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PB Electrical (UK) Ltd Notes to the Accounts for the year ended 31 May 2021
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Paul Andrew Berry
Directors Loan
20,436 
28,633 
49,069 
- 
20,436 
28,633 
49,069 
- 
Interest charged at 2.5%
10
Average number of employees
During the year the average number of employees was 3 (2020: 3).
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