2023-04-01 04332539 2024-03-31 04332539 2023-04-01 2024-03-31 04332539 2023-03-31 04332539 2022-04-01 2023-03-31 04332539 uk-core:WithinOneYear 2023-03-31 04332539 uk-core:WithinOneYear 2024-03-31 04332539 uk-core:AfterOneYear 2023-03-31 04332539 uk-core:AfterOneYear 2024-03-31 04332539 uk-core:ShareCapital 2024-03-31 04332539 uk-core:ShareCapital 2023-03-31 04332539 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 04332539 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 04332539 uk-bus:Director1 2023-04-01 2024-03-31 04332539 uk-core:CommercialMotorVehicles 2023-03-31 04332539 uk-core:PlantMachinery 2023-03-31 04332539 uk-core:CommercialMotorVehicles 2023-04-01 2024-03-31 04332539 uk-core:PlantMachinery 2023-04-01 2024-03-31 04332539 uk-core:PlantMachinery 2024-03-31 04332539 uk-core:CommercialMotorVehicles 2024-03-31 iso4217:GBP xbrli:pure 04332539 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 04332539 uk-bus:FRS102 2023-04-01 2024-03-31 04332539 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 04332539 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
Mendip Electrical Contractors ltd
Registered Number:04332539
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
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
3
Registered Number :
04332539
As at 31 March 2024
Mendip Electrical Contractors ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
82,551
59,715
2
82,551
59,715
Current assets
Inventories
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
Capital and reserves
Called up share capital
2
2
Retained earnings
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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4
Registered Number :
04332539
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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5
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.
Registered address:
21 Wood View
Paulton
Bristol
BS39 7XQ
The presentation currency is £ sterling.
1. Accounting policies
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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6
For the year ended 31 March 2024
Mendip Electrical Contractors ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Motor
vehicles
Plant and
machinery
£
£
£
Cost or
valuation
At 01 April 2023
92,837
67,692
25,145
62,132
62,132
-
Additions
(24,192)
-
Disposals
(24,192)
At 31 March 2024
25,145
105,632
130,777
Provision for depreciation and impairmen
t
At 01 April 2023
33,122
13,538
19,584
Charge for year
19,942
19,386
556
(4,838)
(4,838)
-
On disposal
At 31 March 2024
48,226
28,086
20,140
At 31 March 2024
Net book value
5,005
77,546
82,551
At 31 March 2023
5,561
54,154
59,715
3. Inventories
2023
2024
£
£
Stocks
3,395
1,664
4. Trade and other receivables
2023
2024
£
£
Trade debtors
22,646
37,843
Other debtors
-
700
38,543
22,646
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7
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
£
£
Trade creditors
6,269
8,644
Taxation and social security
15,216
25,863
Other creditors
4,295
5,605
25,780
40,112
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Other creditors
40,844
1,527
7. Average number of persons employed
During the year the average number of employees was 0
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