P&M Electrical Services Ltd - Accounts to registrar (filleted) - small 17.3

P&M Electrical Services Ltd - Accounts to registrar (filleted) - small 17.3


IRIS Accounts Productionv17.3.1.106SC478057director1.6.1631.5.1731.5.17falsetruefalsefalsetruefalseiso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC4780572016-05-31SC4780572017-05-31SC4780572016-06-012017-05-31SC4780572015-05-31SC4780572015-06-012016-05-31SC4780572016-05-31SC478057ns15:Scotland2016-06-012017-05-31SC478057ns14:PoundSterling2016-06-012017-05-31SC478057ns10:Director12016-06-012017-05-31SC478057ns10:PrivateLimitedCompanyLtd2016-06-012017-05-31SC478057ns10:SmallEntities2016-06-012017-05-31SC478057ns10:AuditExempt-NoAccountantsReport2016-06-012017-05-31SC478057ns10:SmallCompaniesRegimeForDirectorsReport2016-06-012017-05-31SC478057ns10:SmallCompaniesRegimeForAccounts2016-06-012017-05-31SC478057ns10:FullAccounts2016-06-012017-05-31SC478057ns10:RegisteredOffice2016-06-012017-05-31SC478057ns5:CurrentFinancialInstruments2017-05-31SC478057ns5:CurrentFinancialInstruments2016-05-31SC478057ns5:ShareCapital2017-05-31SC478057ns5:ShareCapital2016-05-31SC478057ns5:RetainedEarningsAccumulatedLosses2017-05-31SC478057ns5:RetainedEarningsAccumulatedLosses2016-05-31SC478057ns5:PlantMachinery2016-06-012017-05-31SC478057ns5:PlantMachinery2016-05-31SC478057ns5:PlantMachinery2017-05-31SC478057ns5:PlantMachinery2016-05-31SC478057ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-05-31SC478057ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-05-31


REGISTERED NUMBER: SC478057(Scotland)















Unaudited Financial Statements for the Year Ended 31 May 2017

for

P & M Electrical Services Ltd

P & M Electrical Services Ltd (Registered number: SC478057)






Contents of the Financial Statements
for the Year Ended 31 May 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


P & M Electrical Services Ltd

Company Information
for the Year Ended 31 May 2017







DIRECTOR: Paul Manson





REGISTERED OFFICE: P&M Electrical Services Ltd
26 Glendevon Road
Edinburgh
EH12 5XG





REGISTERED NUMBER: SC478057(Scotland)





ACCOUNTANTS: Steedman & Company Limited
7 Howe Street
Edinburgh
Midlothian
EH3 6TE

P & M Electrical Services Ltd (Registered number: SC478057)

Balance Sheet
31 May 2017

31.5.17 31.5.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,173 2,595

CURRENT ASSETS
Stocks 330 140
Debtors 5 21,621 14,297
Cash at bank and in hand 53,523 51,271
75,474 65,708
CREDITORS
Amounts falling due within one year 6 24,339 30,369
NET CURRENT ASSETS 51,135 35,339
TOTAL ASSETS LESS CURRENT LIABILITIES 53,308 37,934

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 53,307 37,933
SHAREHOLDERS' FUNDS 53,308 37,934

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 14 February 2018and were signed by:





Paul Manson- Director


P & M Electrical Services Ltd (Registered number: SC478057)

Notes to the Financial Statements
for the Year Ended 31 May 2017

1. STATUTORY INFORMATION

P & M Electrical Services Ltd is a private company, limited by shares, registered in Scotland. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 - 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.

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. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2.

P & M Electrical Services Ltd (Registered number: SC478057)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2017

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2016 4,055
Additions 121
At 31 May 2017 4,176
DEPRECIATION
At 1 June 2016 1,460
Charge for year 543
At 31 May 2017 2,003
NET BOOK VALUE
At 31 May 2017 2,173
At 31 May 2016 2,595

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.17 31.5.16
£    £   
Other debtors 21,621 14,297

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.17 31.5.16
£    £   
Trade creditors 1 -
Taxation and social security 6,330 7,111
Other creditors 18,008 23,258
24,339 30,369