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REGISTERED NUMBER: 07926116 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Mark Nugent Electrical Services Limited

Mark Nugent Electrical Services Limited (Registered number: 07926116)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Mark Nugent Electrical Services Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: M S Nugent





REGISTERED OFFICE: Crows Nest
1 Bookham Grove
Bookham
Leatherhead
Surrey
KT23 4NS





REGISTERED NUMBER: 07926116 (England and Wales)





ACCOUNTANT: Karen Bowles
Chartered Certified Accountant
Esher Place Lodge
59 More Lane
Esher
Surrey
KT10 8AR

Mark Nugent Electrical Services Limited (Registered number: 07926116)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,101 2

CURRENT ASSETS
Debtors 5 10,298 10,945
Cash at bank 88,661 73,525
98,959 84,470
CREDITORS
Amounts falling due within one year 6 9,519 7,454
NET CURRENT ASSETS 89,440 77,016
TOTAL ASSETS LESS CURRENT
LIABILITIES

97,541

77,018

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 97,441 76,918
SHAREHOLDERS' FUNDS 97,541 77,018

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 27 March 2024 and were signed by:





M S Nugent - Director


Mark Nugent Electrical Services Limited (Registered number: 07926116)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Mark Nugent Electrical 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.

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 etc - 25% on 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Mark Nugent Electrical Services Limited (Registered number: 07926116)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 11,692
Additions 10,800
Disposals (11,093 )
At 31 January 2024 11,399
DEPRECIATION
At 1 February 2023 11,690
Charge for year 2,700
Eliminated on disposal (11,092 )
At 31 January 2024 3,298
NET BOOK VALUE
At 31 January 2024 8,101
At 31 January 2023 2

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 840 1,500
Other debtors 8,509 8,875
Prepayments 949 570
10,298 10,945

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Tax 4,507 7,154
Social security and other taxes 479 -
Other creditors 4,232 -
Directors' current accounts 1 -
Accrued expenses 300 300
9,519 7,454

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M S Nugent.