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Company Registration No. 06578642 (England and Wales)
Mealey Electrical Contractors Limited Unaudited accounts for the year ended 31 March 2022
Mealey Electrical Contractors Limited Unaudited accounts Contents
Page
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Mealey Electrical Contractors Limited Company Information for the year ended 31 March 2022
Director
Patrick Mealey
Company Number
06578642 (England and Wales)
Registered Office
Unit 79, Waterside Road Hamilton Industrial Estate, Hamilton Leicester LE5 1TL
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Mealey Electrical Contractors Limited Statement of financial position as at 31 March 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
380,075 
411,290 
Current assets
Inventories
8,000 
10,789 
Debtors
544,847 
708,527 
Cash at bank and in hand
105,521 
155,220 
658,368 
874,536 
Creditors: amounts falling due within one year
(280,734)
(604,051)
Net current assets
377,634 
270,485 
Total assets less current liabilities
757,709 
681,775 
Creditors: amounts falling due after more than one year
(14,265)
(24,885)
Provisions for liabilities
Deferred tax
(17,792)
(23,723)
Net assets
725,652 
633,167 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
725,552 
633,067 
Shareholders' funds
725,652 
633,167 
For the year ending 31 March 2022 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 8 June 2022 and were signed on its behalf by
Patrick Mealey Director Company Registration No. 06578642
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Mealey Electrical Contractors Limited Notes to the Accounts for the year ended 31 March 2022
1
Statutory information
Mealey Electrical Contractors Limited is a private company, limited by shares, registered in England and Wales, registration number 06578642. The registered office is Unit 79, Waterside Road, Hamilton Industrial Estate, Hamilton, Leicester, LE5 1TL.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2021
70,000 
At 31 March 2022
70,000 
Amortisation
At 1 April 2021
70,000 
At 31 March 2022
70,000 
Net book value
At 31 March 2022
- 
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Mealey Electrical Contractors Limited Notes to the Accounts for the year ended 31 March 2022
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2021
286,431 
31,161 
169,935 
487,527 
At 31 March 2022
286,431 
31,161 
169,935 
487,527 
Depreciation
At 1 April 2021
- 
22,767 
53,470 
76,237 
Charge for the year
- 
2,099 
29,116 
31,215 
At 31 March 2022
- 
24,866 
82,586 
107,452 
Net book value
At 31 March 2022
286,431 
6,295 
87,349 
380,075 
At 31 March 2021
286,431 
8,394 
116,465 
411,290 
6
Debtors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
32,714 
- 
Trade debtors
233,386 
508,994 
Amounts due from group undertakings etc.
194,647 
119,725 
Accrued income and prepayments
2,927 
- 
Other debtors
81,173 
79,808 
544,847 
708,527 
7
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
- 
92,417 
Obligations under finance leases and hire purchase contracts
11,447 
12,983 
Trade creditors
185,315 
399,091 
Taxes and social security
63,146 
75,556 
Other creditors
18,326 
24,004 
Accruals
2,500 
- 
280,734 
604,051 
8
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Obligations under finance leases and hire purchase contracts
14,265 
24,885 
9
Average number of employees
During the year the average number of employees was 17 (2021: 19).
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