Company Registration No. 11327046 (England and Wales)
PRESTIGE ELECTRICAL SERVICES OXON LTD
Unaudited accounts
for the year ended 31 March 2021
PRESTIGE ELECTRICAL SERVICES OXON LTD
Unaudited accounts
Contents
PRESTIGE ELECTRICAL SERVICES OXON LTD
Company Information
for the year ended 31 March 2021
Company Number
11327046 (England and Wales)
Registered Office
14 MALLOW CLOSE
SOUTHMOOR
OXFORDSHIRE
OX13 5FN
ENGLAND
Accountants
J JENKIN & ASSOCIATES LIMITED
POST OFFICE VAULTS
4 MARKET PLACE
WANTAGE
OXFORDSHIRE
OX12 8AT
PRESTIGE ELECTRICAL SERVICES OXON LTD
Accountants' report
Accountants' report to the director of PRESTIGE ELECTRICAL SERVICES OXON LTD on the preparation of the unaudited statutory accounts for the year ended 31 March 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
PRESTIGE ELECTRICAL SERVICES OXON LTD for the year ended
31 March 2021 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of PRESTIGE ELECTRICAL SERVICES OXON LTD, as a body, in accordance with the terms of our engagement letter dated 6 January 2018. Our work has been undertaken solely to prepare for your approval the accounts of PRESTIGE ELECTRICAL SERVICES OXON LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PRESTIGE ELECTRICAL SERVICES OXON LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that PRESTIGE ELECTRICAL SERVICES OXON LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of PRESTIGE ELECTRICAL SERVICES OXON LTD. You consider that PRESTIGE ELECTRICAL SERVICES OXON LTD 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 accounts of PRESTIGE ELECTRICAL SERVICES OXON LTD. 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 accounts.
J JENKIN & ASSOCIATES LIMITED
POST OFFICE VAULTS
4 MARKET PLACE
WANTAGE
OXFORDSHIRE
OX12 8AT
12 May 2021
PRESTIGE ELECTRICAL SERVICES OXON LTD
Statement of financial position
as at
31 March 2021
Tangible assets
12,142
5,265
Cash at bank and in hand
22,512
20,445
Creditors: amounts falling due within one year
(61,863)
(10,822)
Net current assets
5,800
26,691
Total assets less current liabilities
17,942
31,956
Creditors: amounts falling due after more than one year
(15,000)
-
Called up share capital
1
1
Profit and loss account
2,941
31,955
Shareholders' funds
2,942
31,956
For the year ending 31 March 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 17 July 2021 and were signed on its behalf by
Joseph Bennett
Director
Company Registration No. 11327046
PRESTIGE ELECTRICAL SERVICES OXON LTD
Notes to the Accounts
for the year ended 31 March 2021
PRESTIGE ELECTRICAL SERVICES OXON LTD is a private company, limited by shares, registered in England and Wales, registration number 11327046. The registered office is 14 MALLOW CLOSE, SOUTHMOOR, OXFORDSHIRE, OX13 5FN, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Motor vehicles
25% Reducing balance
Fixtures & fittings
25% Reducing balance
PRESTIGE ELECTRICAL SERVICES OXON LTD
Notes to the Accounts
for the year ended 31 March 2021
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2020
6,194
3,166
9,360
Additions
13,300
-
13,300
Disposals
(1,900)
-
(1,900)
At 31 March 2021
17,594
3,166
20,760
At 1 April 2020
2,709
1,386
4,095
Charge for the year
3,365
446
3,811
At 31 March 2021
6,786
1,832
8,618
At 31 March 2021
10,808
1,334
12,142
At 31 March 2020
3,485
1,780
5,265
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
5,141
5,214
Other debtors
5,010
11,854
Debtors: amounts falling due after more than one year
Accrued income and prepayments
16,100
-
6
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
5,124
10,762
Loans from directors
46,918
60
7
Creditors: amounts falling due after more than one year
2021
2020
8
Average number of employees
During the year the average number of employees was 0 (2020: 1).