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REGISTERED NUMBER: 06387292 (England and Wales)






















M&N Electrical Contractors & Site
Services Limited

Unaudited Financial Statements

for the Year Ended 31 March 2023






M&N Electrical Contractors & Site
Services Limited (Registered number: 06387292)






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


M&N Electrical Contractors & Site
Services Limited

Company Information
for the year ended 31 March 2023







DIRECTORS: N J Crawford
M Crawford





SECRETARY: R Crawford





REGISTERED OFFICE: 55 The Round Meade
Green Park
Maghull
Liverpool
Merseyside
L31 8DY





REGISTERED NUMBER: 06387292 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Adelphi Chambers
30 Hoghton Street
Southport
Merseyside
PR9 0NZ

M&N Electrical Contractors & Site
Services Limited (Registered number: 06387292)

Balance Sheet
31 March 2023

2023 2022
Notes £ £
FIXED ASSETS
Tangible assets 4 10,763 14,330

CURRENT ASSETS
Stocks 7,685 5,079
Debtors 5 126,049 114,985
Cash in hand 1,390 793
135,124 120,857
CREDITORS
Amounts falling due within one year 6 (87,253 ) (76,006 )
NET CURRENT ASSETS 47,871 44,851
TOTAL ASSETS LESS CURRENT
LIABILITIES

58,634

59,181

CREDITORS
Amounts falling due after more than one year 7 (41,712 ) (51,658 )

PROVISIONS FOR LIABILITIES (2,691 ) (2,723 )
NET ASSETS 14,231 4,800

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 13,231 3,800
SHAREHOLDERS' FUNDS 14,231 4,800

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.

M&N Electrical Contractors & Site
Services Limited (Registered number: 06387292)

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 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 19 February 2024 and were signed on its behalf by:




N J Crawford - Director



M Crawford - Director


M&N Electrical Contractors & Site
Services Limited (Registered number: 06387292)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

M&N Electrical Contractors & Site Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Office Equipment - 33% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 5 (2022 - 5 ) .

M&N Electrical Contractors & Site
Services Limited (Registered number: 06387292)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Office
machinery fittings vehicles Equipment Totals
£ £ £ £ £
COST
At 1 April 2022
and 31 March 2023 4,039 2,288 59,651 7,753 73,731
DEPRECIATION
At 1 April 2022 3,090 2,097 46,987 7,227 59,401
Charge for year 189 38 3,166 174 3,567
At 31 March 2023 3,279 2,135 50,153 7,401 62,968
NET BOOK VALUE
At 31 March 2023 760 153 9,498 352 10,763
At 31 March 2022 949 191 12,664 526 14,330

5. DEBTORS
2023 2022
£ £
Amounts falling due within one year:
Trade debtors 32,900 43,346
Other debtors 81,290 59,780
114,190 103,126

Amounts falling due after more than one year:
Other debtors 11,859 11,859

Aggregate amounts 126,049 114,985

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 18,076 19,567
Hire purchase contracts 1,174 4,926
Trade creditors 23,945 16,654
Taxation and social security 36,163 27,486
Other creditors 7,895 7,373
87,253 76,006

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Bank loans 34,320 35,124
Hire purchase contracts - 1,642
Other creditors 7,392 14,892
41,712 51,658

M&N Electrical Contractors & Site
Services Limited (Registered number: 06387292)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£ £
Hire purchase contracts 1,174 6,568

The hire purchase agreements are secured against the assets to which they relate.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
1,000 Ordinary £1 1,000 1,000

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£ £
N J Crawford
Balance outstanding at start of year 37,437 30,018
Amounts advanced 69,520 80,879
Amounts repaid (55,423 ) (73,460 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 51,534 37,437

M Crawford
Balance outstanding at start of year 22,253 27,318
Amounts advanced 45,980 64,960
Amounts repaid (52,035 ) (70,025 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 16,198 22,253

Interest has been charged at a commercial rate.