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Mayo Electrical Contractors Limited

FILLETED FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2018




















Company Registration Number - 05769044

















NEON NUMBERS LIMITED



1.
Mayo Electrical Contractors Limited
COMPANY NUMBER - 05769044

Balance sheet as at 31 March 2018





2018
2017



----
----

Notes
£ £ £ £
FIXED ASSETS

Tangible assets 4
24,726
19,210

Current assets


Debtors 5 97,797
26,727

Cash at bank and in hand
6
83,462




97,803
110,189

Current liabilities

Creditors - Amounts
falling due within one year 6 30,552
37,499


NET CURRENT ASSETS

67,251
72,690


Total assets less current liabilities

91,977
91,900



CAPITAL AND RESERVES

Called up share capital 7
100
100

Profit and Loss account

91,877
91,800


Shareholders' funds

91,977
91,900



These financial statements have been prepared in accordance with the provisions of FRS102 Section 1A of the Companies Act 2006 relating to small companies. In accordance with section 444 of the Companies Act 2006, the directors' report and the profit and loss account have not been delivered.

For the financial year ended 31 March 2018, the company was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.

The members have not required the company to obtain an audit.


The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.


Approved by the board of directors on31 October 2018
and signed on their behalf by:


Jason Mayo



The notes on pages 2 to 4 form an integral part of these accounts.


2.
Mayo Electrical Contractors Limited

Notes to the Financial Statements

For the year ended 31 March 2018


1. General Information

Mayo Electrical Contractors Limited is a Private Company, limited by shares, domiciled in England and Wales, registration number 05769044.


The company's registered office is 109 Station Road, Drayton, Portsmouth, Hampshire PO6 1PL.


2. Accounting policies

Basis of accounting

The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102, section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.


Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents goods supplied or services rendered, stated net of Value Added Tax. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.


Tangible fixed assets and depreciation

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life:


Fixtures and fittings - 25% straight line

Motor vehicles - 25% reducing balance

Other fixed assets - 00% reducing balance


Financial Instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.



3. Employees

The average number of persons employed by the company (including directors) during the year was 2 (2017 - 2).



3.
Mayo Electrical Contractors Limited

Notes to the Financial Statements

For the year ended 31 March 2018

4. Fixed assets - tangible

Plant and

Machinery

etc.


Fair value £
At 01 April 2017 40,896
Additions 10,236

At 31 March 2018 51,132


Depreciation
At 01 April 2017 21,576
Charge for year 4,830

At 31 March 2018 26,406


Net book values
At 31 March 2018 24,726

At 01 April 2017 19,320






2018
2017


----
----


£
£
5. Debtors

Due within one year:



Trade debtors 49,797
26,727
Other debtors 48,000
-



97,797
26,727





2018
2017


----
----


£
£
6. Creditors

Amounts falling due within one year:



Bank overdraft 3,215
-
Trade creditors 11,715
2,125
Taxation and social security 13,339
32,986
Director's Current Accounts 391
1,338
Other creditors 1,892
1,050


30,552 37,499





4.
Mayo Electrical Contractors Limited

Notes to the Financial Statements

For the year ended 31 March 2018




2018
2017


----
----


£
£

7. Called up share capital

There was no change in share capital during the year.


Allotted, called up and fully paid



shares of £1 eachOrdinary 100
100


8. Control

Jason Mayo, a director, controls the company by virtue of a majority shareholding.