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REGISTERED NUMBER: SC503333 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2022

for

Mb Electrical Services (Falkirk) Ltd

Mb Electrical Services (Falkirk) Ltd (Registered number: SC503333)






Contents of the Financial Statements
for the Year Ended 30 April 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mb Electrical Services (Falkirk) Ltd

Company Information
for the Year Ended 30 April 2022







DIRECTOR: M Brash





REGISTERED OFFICE: 17 Taransay Drive
Polmont
Falkirk
FK2 0YY





REGISTERED NUMBER: SC503333 (Scotland)





ACCOUNTANTS: Norman Foster Accountancy Services
78 Carronshore Road
Carron
Falkirk
FK2 8EE

Mb Electrical Services (Falkirk) Ltd (Registered number: SC503333)

Balance Sheet
30 April 2022

Notes £    £   
FIXED ASSETS
Tangible assets 4 31,209

CURRENT ASSETS
Stocks 4,215
Debtors 5 60,330
Cash at bank and in hand 32,214
96,759
CREDITORS
Amounts falling due within one year 6 85,391
NET CURRENT ASSETS 11,368
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,577

CREDITORS
Amounts falling due after more than
one year

7

37,104
NET ASSETS 5,473

CAPITAL AND RESERVES
Called up share capital 8 1
Retained earnings 9 5,472
SHAREHOLDERS' FUNDS 5,473

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 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.

Mb Electrical Services (Falkirk) Ltd (Registered number: SC503333)

Balance Sheet - continued
30 April 2022


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 3 August 2022 and were signed by:





M Brash - Director


Mb Electrical Services (Falkirk) Ltd (Registered number: SC503333)

Notes to the Financial Statements
for the Year Ended 30 April 2022

1. STATUTORY INFORMATION

Mb Electrical Services (Falkirk) 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 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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 7 .

Mb Electrical Services (Falkirk) Ltd (Registered number: SC503333)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2022

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2021 1,700 20,200 3,307 25,207
Additions - 34,272 1,483 35,755
At 30 April 2022 1,700 54,472 4,790 60,962
DEPRECIATION
At 1 May 2021 1,231 16,178 1,941 19,350
Charge for year 118 9,573 712 10,403
At 30 April 2022 1,349 25,751 2,653 29,753
NET BOOK VALUE
At 30 April 2022 351 28,721 2,137 31,209
At 30 April 2021 469 4,022 1,366 5,857

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 57,435
Other debtors 2,895
60,330

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 3,333
Hire purchase contracts 4,218
Trade creditors 48,688
Taxation and social security 22,049
Other creditors 7,103
85,391

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
£   
Bank loans 13,505
Hire purchase contracts 23,599
37,104

Mb Electrical Services (Falkirk) Ltd (Registered number: SC503333)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2022

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
1 Ordinary £1 1

9. RESERVES
Retained
earnings
£   

At 1 May 2021 7,392
Deficit for the year (1,920 )
At 30 April 2022 5,472