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COMPANY REGISTRATION NUMBER: 12399029
M & T Electrical (Cumbria) Limited
Filleted Unaudited Financial Statements
31 January 2023
M & T Electrical (Cumbria) Limited
Statement of Financial Position
31 January 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
4
7,565
7,936
Current assets
Cash at bank and in hand
10
183
Creditors: amounts falling due within one year
5
( 17,809)
( 16,367)
------------
------------
Net current liabilities
( 17,799)
( 16,184)
------------
------------
Total assets less current liabilities
( 10,234)
( 8,248)
------------
------------
Net liabilities
( 10,234)
( 8,248)
------------
------------
M & T Electrical (Cumbria) Limited
Statement of Financial Position (continued)
31 January 2023
2023
2022
Note
£
£
Capital and reserves
Called up share capital
2
2
Profit and loss account
( 10,236)
( 8,250)
------------
------------
Shareholders deficit
( 10,234)
( 8,248)
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 29 November 2023 , and are signed on behalf of the board by:
Mr N A Hannon
Director
Company registration number: 12399029
M & T Electrical (Cumbria) Limited
Notes to the Financial Statements
Year ended 31 January 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Oak Tree View, Lowca, Whitehaven, Cumbria, CA28 6QT.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered.
Taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
-
20% reducing balance
Reducing balance
-
20% reducing balance
4. Tangible assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 February 2022 and 31 January 2023
2,900
9,500
12,400
------------
------------
------------
Depreciation
At 1 February 2022
1,044
3,420
4,464
Charge for the year
371
371
------------
------------
------------
At 31 January 2023
1,415
3,420
4,835
------------
------------
------------
Carrying amount
At 31 January 2023
1,485
6,080
7,565
------------
------------
------------
At 31 January 2022
1,856
6,080
7,936
------------
------------
------------
5. Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
17,809
16,367
------------
------------
6. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward
Amounts repaid
Balance outstanding
£
£
£
Mr N A Hannon
( 15,801)
( 1,441)
( 17,242)
------------
------------
------------
2022
Balance brought forward
Amounts repaid
Balance outstanding
£
£
£
Mr N A Hannon
( 41,673)
25,872
( 15,801)
------------
------------
------------