Port Electrical Services Ltd - Accounts to registrar (filleted) - small 18.2

Port Electrical Services Ltd - Accounts to registrar (filleted) - small 18.2

PORT ELECTRICAL SERVICES LTD - Company Information

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REGISTERED NUMBER: 09995210 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2020

for

Port Electrical Services Ltd
Port Electrical Services Ltd (Registered number: 09995210)






Contents of the Financial Statements
for the Year Ended 29 February 2020




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Port Electrical Services Ltd

Company Information
for the Year Ended 29 February 2020







DIRECTOR: N Houghton





REGISTERED OFFICE: Ground Floor
Rear Barn
The Brookdale Centre
Knutsford
Cheshire
WA16 0SR





REGISTERED NUMBER: 09995210 (England and Wales)





ACCOUNTANTS: EBA Chartered Accountants
Ground Floor
Rear Barn
The Brookdale Centre
Knutsford
Cheshire
WA16 0SR
Page 1
Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Port Electrical Services Ltd

The following reproduces the text of the report prepared for the director 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 Income Statement and certain
other primary statements and the Report of the Director 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 Port Electrical Services Ltd for the year ended 29 February 2020 which comprise
the Income Statement, 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Port Electrical Services Ltd in accordance with the terms of our engagement letter dated 2 March 2016. Our work has been undertaken solely to prepare for your approval the financial statements of Port Electrical Services Ltd and state those matters that we have agreed to state to the director of Port Electrical Services Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Port Electrical Services Ltd and its director for our work or for this report.

It is your duty to ensure that Port Electrical Services Ltd 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 Port Electrical Services Ltd. You consider that Port Electrical Services 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 financial statements of Port Electrical Services 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 financial statements.






EBA Chartered Accountants
Ground Floor
Rear Barn
The Brookdale Centre
Knutsford
Cheshire
WA16 0SR


16 September 2020

This page does not form part of the statutory financial statements

Page 2
Port Electrical Services Ltd (Registered number: 09995210)

Balance Sheet
29 February 2020

29.2.20 28.2.19
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 9,216 12,232

CURRENT ASSETS
Stocks 1,500 1,500
Debtors 5 40,110 36,265
Cash at bank and in hand 890 10,919
42,500 48,684
CREDITORS
Amounts falling due within one year 6 14,164 7,353
NET CURRENT ASSETS 28,336 41,331
TOTAL ASSETS LESS CURRENT
LIABILITIES
37,552
53,563

CREDITORS
Amounts falling due after more than one
year
7
(2,781
)
(4,252
)

PROVISIONS FOR LIABILITIES (1,751 ) (2,324 )
NET ASSETS 33,020 46,987

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 33,019 46,986
33,020 46,987

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these financial statements

Page 3 continued...
Port Electrical Services Ltd (Registered number: 09995210)

Balance Sheet - continued
29 February 2020


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 director and authorised for issue on 16 September 2020 and
were signed by:





N Houghton - Director


The notes form part of these financial statements

Page 4
Port Electrical Services Ltd (Registered number: 09995210)

Notes to the Financial Statements
for the Year Ended 29 February 2020

1. STATUTORY INFORMATION

Port Electrical Services Ltd 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 etc - 25% on reducing balance and 20% on 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

Page 5 continued...
Port Electrical Services Ltd (Registered number: 09995210)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2020

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 March 2019
and 29 February 2020 16,339
DEPRECIATION
At 1 March 2019 4,107
Charge for year 3,016
At 29 February 2020 7,123
NET BOOK VALUE
At 29 February 2020 9,216
At 28 February 2019 12,232

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.20 28.2.19
£ £
Trade debtors 23,150 1,920
Amounts owed by group undertakings - 21,114
Other debtors 16,960 13,231
40,110 36,265

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.20 28.2.19
£ £
Hire purchase contracts 1,470 1,338
Trade creditors 5,459 4,507
Taxation and social security 7,235 1,508
14,164 7,353

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.20 28.2.19
£ £
Hire purchase contracts 2,781 4,252

Page 6 continued...
Port Electrical Services Ltd (Registered number: 09995210)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2020

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2020
and 28 February 2019:

29.2.20 28.2.19
£ £
N Houghton
Balance outstanding at start of year 7,442 1,231
Amounts advanced 54,197 52,693
Amounts repaid (51,810 ) (46,482 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,829 7,442

9. ULTIMATE CONTROLLING PARTY

The controlling party is N Houghton.

Page 7