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REGISTERED NUMBER: 13354395 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

MJBoon Electrical Ltd

MJBoon Electrical Ltd (Registered number: 13354395)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


MJBoon Electrical Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: M J Boon





REGISTERED OFFICE: 40 Perry Orchard
Upton St. Leonards
Gloucester
Gloucestershire
GL4 8DQ





REGISTERED NUMBER: 13354395 (England and Wales)





ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS

MJBoon Electrical Ltd (Registered number: 13354395)

Statement of Financial Position
30 April 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,488 5,344

CURRENT ASSETS
Stocks 3,727 400
Debtors 5 7,638 3,201
Cash at bank 3,833 1,916
15,198 5,517
CREDITORS
Amounts falling due within one year 6 15,083 10,040
NET CURRENT ASSETS/(LIABILITIES) 115 (4,523 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,603

821

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,503 721
SHAREHOLDERS' FUNDS 4,603 821

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 July 2024 and were signed by:





M J Boon - Director


MJBoon Electrical Ltd (Registered number: 13354395)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

MJBoon Electrical Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - Straight line over 3 years

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

MJBoon Electrical Ltd (Registered number: 13354395)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
Cost
At 1 May 2023 9,000 - 9,000
Additions - 524 524
At 30 April 2024 9,000 524 9,524
Depreciation
At 1 May 2023 3,656 - 3,656
Charge for year 1,336 44 1,380
At 30 April 2024 4,992 44 5,036
Net book value
At 30 April 2024 4,008 480 4,488
At 30 April 2023 5,344 - 5,344

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade debtors 7,351 2,079
Other debtors 287 1,122
7,638 3,201

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade creditors 3,014 1,841
Taxation and social security 10,999 5,301
Other creditors 1,070 2,898
15,083 10,040

7. RELATED PARTY DISCLOSURES

At 30 April 2024, the company owed the director M J Boon £215 (2023 - £2,065). The balance owed, included within other creditors, is made of business expenses not yet reimbursed and declared dividends directly credited to the director's loan account. The unsecured loan balance is repayable to the director on demand.