Registered number
11785231
MMElectricalltd Limited
Unaudited Filleted Accounts
31 January 2024
MMElectricalltd Limited
Registered number: 11785231
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 4,575 10,064
Current assets
Stocks 2,000 2,000
Debtors 4 25,810 35,152
Cash at bank and in hand 1,570 1,018
29,380 38,170
Creditors: amounts falling due within one year 5 (21,146) (35,144)
Net current assets 8,234 3,026
Total assets less current liabilities 12,809 13,090
Creditors: amounts falling due after more than one year 6 (8,350) (11,050)
·
Net assets 4,459 2,040
Capital and reserves
Called up share capital 1 1
Profit and loss account 4,458 2,039
Shareholder's funds 4,459 2,040
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mark McGinnigle
Director
Approved by the board on 9 April 2024
MMElectricalltd Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor Vehicles over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
· Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Equipment etc Motor vehicles Total
£ £ £
Cost
At 1 February 2023 8,382 19,070 27,452
At 31 January 2024 8,382 19,070 27,452
Depreciation
At 1 February 2023 5,960 11,428 17,388
Charge for the year 1,675 3,814 5,489
At 31 January 2024 7,635 15,242 22,877
Net book value
At 31 January 2024 747 3,828 4,575
At 31 January 2023 2,422 7,642 10,064
4 Debtors 2024 2023
£ £
Trade debtors 25,810 35,152
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 2,700 2,700
Trade creditors 694 10,664
Taxation and social security costs 9,705 17,080
Other creditors 8,047 4,700
21,146 35,144
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 8,350 11,050
7 Controlling party
At the balance sheet date, Mark McGinnigle is the controling party by virtue of his shareholding.
8 Other information
MMElectricalltd Limited is a private company limited by shares and incorporated in England. Its registered office is:
367 Chester Road
Little Sutton
Ellesmere Port
Cheshire
CH65 3RQ
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