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REGISTERED NUMBER: 09374003















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

FOR

MH ELECTRICAL SERVICES (UK) LTD

MH ELECTRICAL SERVICES (UK) LTD (REGISTERED NUMBER: 09374003)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MH ELECTRICAL SERVICES (UK) LTD

COMPANY INFORMATION
for the Year Ended 31st March 2023







DIRECTORS: Mr M C Hodson
Mrs H E Hodson





REGISTERED OFFICE: 22 Callow Hill Road
Alvechurch
Birmingham
B48 7LP





REGISTERED NUMBER: 09374003





ACCOUNTANTS: SAS Accountant Ltd t/as OJW Associates
16 Hennals Avenue
Webheath
Redditch
Worcestershire
B97 5RX

MH ELECTRICAL SERVICES (UK) LTD (REGISTERED NUMBER: 09374003)

BALANCE SHEET
31st March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,056 7,517

CURRENT ASSETS
Debtors 5 31,815 3,173
Cash at bank 139,191 63,625
171,006 66,798
CREDITORS
Amounts falling due within one year 6 60,164 32,334
NET CURRENT ASSETS 110,842 34,464
TOTAL ASSETS LESS CURRENT LIABILITIES 116,898 41,981

CREDITORS
Amounts falling due after more than one
year

7

(11,275

)

(16,276

)

PROVISIONS FOR LIABILITIES 9 (1,071 ) (1,428 )
NET ASSETS 104,552 24,277

CAPITAL AND RESERVES
Called up share capital 10 10 10
Retained earnings 104,542 24,267
SHAREHOLDERS' FUNDS 104,552 24,277

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

MH ELECTRICAL SERVICES (UK) LTD (REGISTERED NUMBER: 09374003)

BALANCE SHEET - continued
31st March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd October 2023 and were signed on its behalf by:





Mr M C Hodson - Director


MH ELECTRICAL SERVICES (UK) LTD (REGISTERED NUMBER: 09374003)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2023


1. STATUTORY INFORMATION

MH Electrical Services (UK) Ltd is a private company, limited by shares , registered in Not specified/Other. 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 - 33% on cost and 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 3 (2022 - 2 ) .

MH ELECTRICAL SERVICES (UK) LTD (REGISTERED NUMBER: 09374003)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2023


4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1st April 2022 28,454 583 29,037
Additions 471 - 471
At 31st March 2023 28,925 583 29,508
DEPRECIATION
At 1st April 2022 20,937 583 21,520
Charge for year 1,932 - 1,932
At 31st March 2023 22,869 583 23,452
NET BOOK VALUE
At 31st March 2023 6,056 - 6,056
At 31st March 2022 7,517 - 7,517

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 29,372 2,174
VAT 1,480 -
Prepayments 963 999
31,815 3,173

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 5,000 5,000
Trade creditors 4,269 2,011
Tax 36,887 12,537
Social security and other taxes 2,926 546
VAT - 76
Other creditors 36 20
Directors' current accounts 11,046 12,144
60,164 32,334

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 8) 11,275 16,276

MH ELECTRICAL SERVICES (UK) LTD (REGISTERED NUMBER: 09374003)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2023


8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 5,000 5,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 5,474 5,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 5,801 11,276

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 1,071 1,428

Deferred
tax
£   
Balance at 1st April 2022 1,428
Provided during year (357 )
Balance at 31st March 2023 1,071

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10 Ordinary £1 10 10