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REGISTERED NUMBER: 07205658 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Manorside Electrical Ltd

Manorside Electrical Ltd (Registered number: 07205658)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Manorside Electrical Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: P A Bean
Miss K B Bean
Miss N S Blech
R J Edge
Miss G M Marks
S B Rosenthal





SECRETARY:





REGISTERED OFFICE: 26 Alexandra Road
Borehamwood
Hertfordshire
WD6 5PB





REGISTERED NUMBER: 07205658 (England and Wales)





ACCOUNTANTS: AFE Accountants Limited
North London Business Park
Oakleigh Road South
New Southgate
London
N11 1GN

Manorside Electrical Ltd (Registered number: 07205658)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,420 25,747
Investments 5 106,667 106,667
127,087 132,414

CURRENT ASSETS
Debtors 6 137,627 77,079
Cash at bank and in hand 33,636 25,029
171,263 102,108
CREDITORS
Amounts falling due within one year 7 243,786 210,721
NET CURRENT LIABILITIES (72,523 ) (108,613 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,564

23,801

CAPITAL AND RESERVES
Called up share capital 15 15
Retained earnings 54,549 23,786
54,564 23,801

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

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

Manorside Electrical Ltd (Registered number: 07205658)

Balance Sheet - continued
31 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 February 2024 and were signed on its behalf by:





S B Rosenthal - Director


Manorside Electrical Ltd (Registered number: 07205658)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Manorside Electrical Ltd 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.

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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Manorside Electrical Ltd (Registered number: 07205658)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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 10 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 46,463
DEPRECIATION
At 1 April 2022 20,716
Charge for year 5,327
At 31 March 2023 26,043
NET BOOK VALUE
At 31 March 2023 20,420
At 31 March 2022 25,747

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2022
and 31 March 2023 106,667
NET BOOK VALUE
At 31 March 2023 106,667
At 31 March 2022 106,667

Manorside Electrical Ltd (Registered number: 07205658)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 137,627 76,419
Other debtors - 660
137,627 77,079

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 62,201 48,527
Amounts owed to group undertakings 19,000 66,000
Taxation and social security 103,314 69,562
Other creditors 59,271 26,632
243,786 210,721