Company Registration No. 04520268 (England and Wales)
Multiple Electrical Engineering Services Limited
Unaudited accounts
for the year ended 31 August 2023
Multiple Electrical Engineering Services Limited
Unaudited accounts
Contents
Multiple Electrical Engineering Services Limited
Company Information
for the year ended 31 August 2023
Directors
Mr Peter Boulton
Mr Alcon Francis
Secretary
Mr Alcon Francis
Company Number
04520268 (England and Wales)
Registered Office
UNIT 4 CROSSHATCH HOUSE
CROSS ROAD
TADWORTH
SURREY
KT20 5SR
ENGLAND
Accountants
Hybrid Premium LTD
110 Newbury Gardens
Stoneleigh
Epsom
Surrey
KT19 0PD
Multiple Electrical Engineering Services Limited
Statement of financial position
as at 31 August 2023
Tangible assets
92,619
42,641
Cash at bank and in hand
74,994
124,258
Creditors: amounts falling due within one year
(188,235)
(350,403)
Net current assets
114,823
148,444
Total assets less current liabilities
207,442
191,085
Creditors: amounts falling due after more than one year
(24,324)
(34,840)
Net assets
183,118
156,245
Called up share capital
3
3
Profit and loss account
183,115
156,242
Shareholders' funds
183,118
156,245
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2024 and were signed on its behalf by
Mr Peter Boulton
Director
Company Registration No. 04520268
Multiple Electrical Engineering Services Limited
Notes to the Accounts
for the year ended 31 August 2023
Multiple Electrical Engineering Services Limited is a private company, limited by shares, registered in England and Wales, registration number 04520268. The registered office and principal place of business is UNIT 4 CROSSHATCH HOUSE, CROSS ROAD, TADWORTH, SURREY, KT20 5SR, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on the reducing balance
Motor vehicles
25% on the reducing balance
Fixtures & fittings
3 years straight line and 25% on the reducing balance
Computer equipment
3 and 4 years Straight Line
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Multiple Electrical Engineering Services Limited
Notes to the Accounts
for the year ended 31 August 2023
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 September 2022
68,289
11,499
-
-
79,788
Additions
59,737
-
1,034
1,043
61,814
Disposals
-
(11,499)
-
-
(11,499)
At 31 August 2023
128,026
-
1,034
1,043
130,103
At 1 September 2022
26,553
10,594
-
-
37,147
Charge for the year
10,778
-
56
97
10,931
On disposals
-
(10,594)
-
-
(10,594)
At 31 August 2023
37,331
-
56
97
37,484
At 31 August 2023
90,695
-
978
946
92,619
At 31 August 2022
41,736
905
-
-
42,641
Amounts falling due within one year
Trade debtors
222,846
373,523
Accrued income and prepayments
1,787
-
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
15,289
15,703
Trade creditors
68,494
160,920
Taxes and social security
36,994
89,245
Other creditors
2,138
3,992
Loans from directors
19,386
-
The company received a £50,000 (2020) Bounce back loan scheme, loan term 72 months at an interest rate per annum of 2.5% (fixed). Balance at Year-end £35,107.37 (2023) £44,840.29 (2022).
Multiple Electrical Engineering Services Limited
Notes to the Accounts
for the year ended 31 August 2023
7
Creditors: amounts falling due after more than one year
2023
2022
A Director was overdrawn at year-end by £300.00, this balance was repaid on 30th September 2023.
9
Average number of employees
During the year the average number of employees was 18 (2022: 18).