Company Registration No. 11201215 (England and Wales)
ML & SONS ELECTRICAL LTD
Unaudited accounts
for the year ended 28 February 2023
ML & SONS ELECTRICAL LTD
Unaudited accounts
Contents
ML & SONS ELECTRICAL LTD
Company Information
for the year ended 28 February 2023
Directors
M Jallow
H W Jallow
Company Number
11201215 (England and Wales)
Registered Office
11 Moorland View
Leeds
West Yorkshire
LS17 6EY
ML & SONS ELECTRICAL LTD
Statement of financial position
as at 28 February 2023
Tangible assets
16,235
18,764
Cash at bank and in hand
5,972
5,744
Creditors: amounts falling due within one year
(13,244)
(12,031)
Net current liabilities
(7,272)
(6,287)
Total assets less current liabilities
8,963
12,477
Creditors: amounts falling due after more than one year
(6,007)
(10,466)
Called up share capital
1
1
Profit and loss account
2,955
2,010
Shareholders' funds
2,956
2,011
For the year ending 28 February 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 27 November 2023 and were signed on its behalf by
M Jallow
Director
Company Registration No. 11201215
ML & SONS ELECTRICAL LTD
Notes to the Accounts
for the year ended 28 February 2023
ML & SONS ELECTRICAL LTD is a private company, limited by shares, registered in England and Wales, registration number 11201215. The registered office is 11 Moorland View, Leeds, West Yorkshire, LS17 6EY.
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:
Motor vehicles
20% - Reducing Balance
Fixtures & fittings
20% - Reducing Balance
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 March 2022
27,580
4,964
32,544
At 28 February 2023
27,580
6,494
34,074
At 1 March 2022
11,597
2,183
13,780
Charge for the year
3,197
862
4,059
At 28 February 2023
14,794
3,045
17,839
At 28 February 2023
12,786
3,449
16,235
At 28 February 2022
15,983
2,781
18,764
ML & SONS ELECTRICAL LTD
Notes to the Accounts
for the year ended 28 February 2023
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
1,154
3,146
Loans from directors
6,840
8,635
6
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
6,007
10,466
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
The company is controlled by the sole director who also holds 100% shares in the company.
9
Average number of employees
During the year the average number of employees was 2 (2022: 1).