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
Mealey Electrical Contractors Limited
Company Information
for the year ended 31 March 2022
Company Number
06578642 (England and Wales)
Registered Office
Unit 79, Waterside Road
Hamilton Industrial Estate, Hamilton
Leicester
LE5 1TL
Mealey Electrical Contractors Limited
Statement of financial position
as at 31 March 2022
Tangible assets
380,075
411,290
Cash at bank and in hand
105,521
155,220
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
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
Mealey Electrical Contractors Limited
Notes to the Accounts
for the year ended 31 March 2022
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
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
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
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
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
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
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).