Mendip Electrical Contractors ltd |
Registered Number:04332539 |
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2024
Mendip Electrical Contractors ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Mendip Electrical Contractors ltd
Statement of Financial Position
2023
2024
Property, plant and equipment |
82,551
59,715
2
82,551
59,715
1,664
3,395
3
Trade and other receivables |
38,543
22,646
4
109,899
Cash and cash equivalents |
126,415
152,456
150,106
Trade and other payables: amounts falling due |
within one year |
(40,112)
(25,780)
5
109,994
126,676
Net current assets
Total assets less current liabilities |
209,227
169,709
Trade and other payables: amounts falling due after |
more than one year |
(1,527)
(40,844)
6
168,383
Net assets
168,182
2
2
168,381
168,180
168,383
168,182
Shareholders' funds
For the year ended 31 March 2024 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been deliver |
ed. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 March 2024
Mendip Electrical Contractors ltd
Statement of Financial Position Continued
Mrs H A Smithers Director |
These financial statements were approved and authorised for issue by the Board on 08 June 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 March 2024
Mendip Electrical Contractors ltd
Notes to the Financial Statements
Statutory Information
Mendip Electrical Contractors ltd is a private limited company, limited by shares, domiciled in England |
and Wales, registration number 04332539. |
21 Wood View
Paulton
Bristol
BS39 7XQ
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of |
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and |
Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared |
under the historical costs convention as modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis. |
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For the year ended 31 March 2024
Mendip Electrical Contractors ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
92,837
67,692
25,145
62,132
62,132
-
(24,192)
-
(24,192)
25,145
105,632
130,777
Provision for depreciation and impairmen |
t |
33,122
13,538
19,584
Charge for year
19,942
19,386
556
(4,838)
(4,838)
-
48,226
28,086
20,140
5,005
77,546
82,551
5,561
54,154
59,715
2023
2024
3,395
1,664
4. Trade and other receivables |
2023
2024
22,646
37,843
-
700
38,543
22,646
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For the year ended 31 March 2024
Mendip Electrical Contractors ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year |
2023
2024
6,269
8,644
Taxation and social security |
15,216
25,863
4,295
5,605
25,780
40,112
6. Trade and other payables: amounts falling due after more than one year |
2023
2024
40,844
1,527
7. Average number of persons employed |
During the year the average number of employees was 0
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