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Company Registration No. 08296778 (England and Wales)
D A McNeil Electrical Limited Unaudited accounts for the year ended 30 November 2023
D A McNeil Electrical Limited Unaudited accounts Contents
Page
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D A McNeil Electrical Limited Company Information for the year ended 30 November 2023
Directors
Mr S. D. McNeil Mr R. D. McNeil
Company Number
08296778 (England and Wales)
Registered Office
103 High Street Waltham Cross Hertfordshire EN8 7AN
Accountants
Brindley Goldstein Ltd 103 High Street Waltham Cross EN8 7AN
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D A McNeil Electrical Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,065 
11,101 
Current assets
Inventories
5,500 
6,000 
Debtors
1,520 
2,349 
Cash at bank and in hand
(8,178)
(9,437)
(1,158)
(1,088)
Creditors: amounts falling due within one year
(68,145)
(47,219)
Net current liabilities
(69,303)
(48,307)
Total assets less current liabilities
(62,238)
(37,206)
Creditors: amounts falling due after more than one year
(10,332)
(18,261)
Net liabilities
(72,570)
(55,467)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(72,670)
(55,567)
Shareholders' funds
(72,570)
(55,467)
For the year ending 30 November 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 1 August 2024 and were signed on its behalf by
Mr R. D. McNeil Director Company Registration No. 08296778
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D A McNeil Electrical Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
D A McNeil Electrical Limited is a private company, limited by shares, registered in England and Wales, registration number 08296778. The registered office is 103 High Street, Waltham Cross, Hertfordshire, EN8 7AN.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 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:
Motor vehicles
20% Straight Line Basis
Computer equipment
33 1/3% Straight Line Basis
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Leased assets
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.
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D A McNeil Electrical Limited Notes to the Accounts for the year ended 30 November 2023
Going concern
The directors, having considered the net liability position of the company and made due enquiries, continue to adopt the going concern basis in preparing the financial statements as they will support the company and believe the company will continue in operation for the foreseeable future.
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2022
36,216 
366 
36,582 
At 30 November 2023
36,216 
366 
36,582 
Depreciation
At 1 December 2022
25,116 
365 
25,481 
Charge for the year
4,036 
- 
4,036 
At 30 November 2023
29,152 
365 
29,517 
Net book value
At 30 November 2023
7,064 
1 
7,065 
At 30 November 2022
11,100 
1 
11,101 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,520 
2,210 
Other debtors
- 
139 
1,520 
2,349 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
4,259 
4,259 
VAT
4,126 
2,764 
Obligations under finance leases and hire purchase contracts
4,036 
4,036 
Trade creditors
7,554 
6,476 
Taxes and social security
7,808 
4,573 
Other creditors
40,012 
25,096 
Loans from directors
350 
15 
68,145 
47,219 
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D A McNeil Electrical Limited Notes to the Accounts for the year ended 30 November 2023
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
7,305 
11,199 
Obligations under finance leases and hire purchase contracts
3,027 
7,062 
10,332 
18,261 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Transactions with related parties
The company was under the control of Mr S. D. McNeil and Mr R. D. McNeil throughout the current year. Mr S. D McNeil and Mr R. D. McNeil are both personally interested in 50% of the company's share capital. Mr S. D. McNeil and Mr R. D. McNeil each received a dividend from the company during the year of £13,250 (2022: £21,325).
10
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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