IRIS Accounts Production v23.2.0.158 00601888 Board of Directors 1.5.22 30.4.23 30.4.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh006018882022-04-30006018882023-04-30006018882022-05-012023-04-30006018882021-04-30006018882021-05-012022-04-30006018882022-04-3000601888ns10:Originalns15:EnglandWales2022-05-012023-04-3000601888ns14:PoundSterlingns10:Original2022-05-012023-04-3000601888ns10:Originalns10:Director12022-05-012023-04-3000601888ns10:Original2022-05-012023-04-3000601888ns10:Original2023-04-3000601888ns10:Originalns10:PrivateLimitedCompanyLtd2022-05-012023-04-3000601888ns10:Originalns10:SmallEntities2022-05-012023-04-3000601888ns10:Originalns10:AuditExempt-NoAccountantsReport2022-05-012023-04-3000601888ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-05-012023-04-3000601888ns10:SmallCompaniesRegimeForAccountsns10:Original2022-05-012023-04-3000601888ns10:Originalns10:FullAccounts2022-05-012023-04-3000601888ns10:Originalns10:OrdinaryShareClass12022-05-012023-04-3000601888ns10:Originalns10:Director22022-05-012023-04-3000601888ns10:Originalns10:Director32022-05-012023-04-3000601888ns10:CompanySecretary1ns10:Original2022-05-012023-04-3000601888ns10:Originalns10:RegisteredOffice2022-05-012023-04-3000601888ns10:Original2022-04-3000601888ns10:Originalns5:CurrentFinancialInstruments2023-04-3000601888ns10:Originalns5:CurrentFinancialInstruments2022-04-3000601888ns5:ShareCapitalns10:Original2023-04-3000601888ns5:ShareCapitalns10:Original2022-04-3000601888ns10:Originalns5:RevaluationReserve2023-04-3000601888ns10:Originalns5:RevaluationReserve2022-04-3000601888ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-04-3000601888ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-3000601888ns10:Originalns5:PlantMachinery2022-05-012023-04-3000601888ns10:Originalns5:MotorVehicles2022-05-012023-04-3000601888ns10:Originalns5:ComputerEquipment2022-05-012023-04-3000601888ns10:Original2021-05-012022-04-3000601888ns10:Originalns5:LandBuildings2022-04-3000601888ns10:Originalns5:PlantMachinery2022-04-3000601888ns10:Originalns5:MotorVehicles2022-04-3000601888ns10:Originalns5:ComputerEquipment2022-04-3000601888ns10:Original2022-04-3000601888ns10:Originalns5:LandBuildings2022-05-012023-04-3000601888ns10:Originalns5:LandBuildings2023-04-3000601888ns10:Originalns5:PlantMachinery2023-04-3000601888ns10:Originalns5:MotorVehicles2023-04-3000601888ns10:Originalns5:ComputerEquipment2023-04-3000601888ns10:Originalns5:LandBuildings2022-04-3000601888ns10:Originalns5:PlantMachinery2022-04-3000601888ns10:Originalns5:MotorVehicles2022-04-3000601888ns10:Originalns5:ComputerEquipment2022-04-3000601888ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3000601888ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-04-3000601888ns10:Originalns10:OrdinaryShareClass12023-04-3000601888ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-3000601888ns10:Originalns5:RevaluationReserve2022-04-3000601888ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-012023-04-30
REGISTERED NUMBER: 00601888 (England and Wales)














Unaudited Financial Statements for the Year Ended 30 April 2023

for

J.H.MAY (ELECTRICAL) LIMITED

J.H.MAY (ELECTRICAL) LIMITED (REGISTERED NUMBER: 00601888)






Contents of the Financial Statements
for the year ended 30 APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J.H.MAY (ELECTRICAL) LIMITED

Company Information
for the year ended 30 APRIL 2023







DIRECTORS: J M May
M J May
M P May





SECRETARY: G J May





REGISTERED OFFICE: 5 Station Road
Rushden
Northamptonshire
NN10 9SR





REGISTERED NUMBER: 00601888 (England and Wales)





ACCOUNTANT: Elsby & Co
155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB

J.H.MAY (ELECTRICAL) LIMITED (REGISTERED NUMBER: 00601888)

Balance Sheet
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 311,181 115,939

CURRENT ASSETS
Stocks 9,305 4,148
Debtors 5 15,420 23,366
Cash at bank and in hand 28,473 30,136
53,198 57,650
CREDITORS
Amounts falling due within one year 6 61,670 64,961
NET CURRENT LIABILITIES (8,472 ) (7,311 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

302,709

108,628

PROVISIONS FOR LIABILITIES 27,591 -
NET ASSETS 275,118 108,628

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Revaluation reserve 8 117,625 -
Retained earnings 8 156,493 107,628
SHAREHOLDERS' FUNDS 275,118 108,628

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

J.H.MAY (ELECTRICAL) LIMITED (REGISTERED NUMBER: 00601888)

Balance Sheet - continued
30 APRIL 2023


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 Board of Directors and authorised for issue on 9 October 2023 and were signed on its behalf by:





J M May - Director


J.H.MAY (ELECTRICAL) LIMITED (REGISTERED NUMBER: 00601888)

Notes to the Financial Statements
for the year ended 30 APRIL 2023

1. STATUTORY INFORMATION

J.H.May (Electrical) Limited is a private company, limited by shares , registered in England and Wales. 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 as modified by the revaluation of certain assets.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing
stock to its present location and condition.

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.

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.

J.H.MAY (ELECTRICAL) LIMITED (REGISTERED NUMBER: 00601888)

Notes to the Financial Statements - continued
for the year ended 30 APRIL 2023

3. EMPLOYEES

The average number of employees during the year was 7 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 May 2022 154,784 34,550 53,563 13,774 256,671
Additions - 2,320 4,000 - 6,320
Disposals - (9,565 ) - (6,834 ) (16,399 )
Revaluations 145,216 - - - 145,216
At 30 April 2023 300,000 27,305 57,563 6,940 391,808
DEPRECIATION
At 1 May 2022 46,120 30,101 51,045 13,466 140,732
Charge for year - 951 879 155 1,985
Eliminated on disposal (46,120 ) (9,136 ) - (6,834 ) (62,090 )
At 30 April 2023 - 21,916 51,924 6,787 80,627
NET BOOK VALUE
At 30 April 2023 300,000 5,389 5,639 153 311,181
At 30 April 2022 108,664 4,449 2,518 308 115,939

Cost or valuation at 30 April 2023 is represented by:

Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
Valuation in 2023 145,216 - - - 145,216
Cost 154,784 27,305 57,563 6,940 246,592
300,000 27,305 57,563 6,940 391,808

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 154,784 -
Aggregate depreciation 49,216 -

Value of land in freehold land and buildings 105,568 -

Freehold land and buildings were valued on an open market basis on 30 April 2023 by the directors .

J.H.MAY (ELECTRICAL) LIMITED (REGISTERED NUMBER: 00601888)

Notes to the Financial Statements - continued
for the year ended 30 APRIL 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,123 13,746
Other debtors - 3,286
Tax 871 871
Prepayments 7,426 5,463
15,420 23,366

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 14,085 7,531
Tax 891 1,298
Social security and other taxes 5,677 3,571
VAT 14,725 13,935
Other creditors 869 87
Directors' current accounts 22,746 29,568
Accrued expenses 2,677 8,971
61,670 64,961

7. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Share capital 1 £1 1,000 1,000

8. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 May 2022 107,628 - 107,628
Profit for the year 52,865 52,865
Dividends (4,000 ) (4,000 )
Property revaluation - 117,625 117,625
At 30 April 2023 156,493 117,625 274,118