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Company Registration No. 08490763 (England and Wales)
G. MCGREAVY ELECTRICAL & SECURITY LIMITED Unaudited accounts for the year ended 30 April 2024
G. MCGREAVY ELECTRICAL & SECURITY LIMITED Unaudited accounts Contents
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G. MCGREAVY ELECTRICAL & SECURITY LIMITED Company Information for the year ended 30 April 2024
Directors
Joshua McGreavy Jill McGreavy Graham McGreavy
Company Number
08490763 (England and Wales)
Registered Office
46 New Hall Lane Bolton BL1 5LW England
Accountants
Xeinadin Group Regent House Folds Road Bolton BL1 2RZ
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G. MCGREAVY ELECTRICAL & SECURITY LIMITED Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,821 
14,428 
Current assets
Cash at bank and in hand
6,625 
6,469 
Creditors: amounts falling due within one year
(17,302)
(16,260)
Net current liabilities
(10,677)
(9,791)
Net assets
144 
4,637 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
134 
4,627 
Shareholders' funds
144 
4,637 
For the year ending 30 April 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 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 8 August 2024 and were signed on its behalf by
Graham McGreavy Director Company Registration No. 08490763
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G. MCGREAVY ELECTRICAL & SECURITY LIMITED Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
G. MCGREAVY ELECTRICAL & SECURITY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08490763. The registered office is 46 New Hall Lane, Bolton, BL1 5LW, 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.
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.
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
33% straight line
Motor vehicles
25% reducing balance
Computer equipment
33% straight line
Turnover
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.
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 May 2023
25,611 
At 30 April 2024
25,611 
Depreciation
At 1 May 2023
11,183 
Charge for the year
3,607 
At 30 April 2024
14,790 
Net book value
At 30 April 2024
10,821 
At 30 April 2023
14,428 
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G. MCGREAVY ELECTRICAL & SECURITY LIMITED Notes to the Accounts for the year ended 30 April 2024
5
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10 
10 
6
Average number of employees
During the year the average number of employees was 2 (2023: 3).
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