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REGISTERED NUMBER: 07847822 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 November 2023

for

M Howe Electrical Services Ltd

M Howe Electrical Services Ltd (Registered number: 07847822)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M Howe Electrical Services Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTOR: M Howe





REGISTERED OFFICE: 27 Old Gloucester Street
London
WC1N 3AX





REGISTERED NUMBER: 07847822 (England and Wales)





ACCOUNTANTS: Camplejohn Rowan
CFC House
Acorn Business Park
Woodseats Close
Sheffield
South Yorkshire
S8 0TB

M Howe Electrical Services Ltd (Registered number: 07847822)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 44,098 39,808

CURRENT ASSETS
Stocks 29,457 47,214
Debtors 5 127,220 221,638
Cash at bank 31,621 75,717
188,298 344,569
CREDITORS
Amounts falling due within one year 6 (214,247 ) (288,743 )
NET CURRENT (LIABILITIES)/ASSETS (25,949 ) 55,826
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,149

95,634

CREDITORS
Amounts falling due after more than one year 7 (64,705 ) (108,058 )

PROVISIONS FOR LIABILITIES - (9,100 )
NET LIABILITIES (46,556 ) (21,524 )

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings (46,566 ) (21,534 )
SHAREHOLDERS' FUNDS (46,556 ) (21,524 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

M Howe Electrical Services Ltd (Registered number: 07847822)

Balance Sheet - continued
30 November 2023


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 4 January 2024 and were signed by:





M Howe - Director


M Howe Electrical Services Ltd (Registered number: 07847822)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

M Howe Electrical Services 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 represents sale of services. It is recognised when the services are provided.

Income is also received from the hire of equipment / assets. This is recognised when the hire takes place.

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 - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on reducing balance

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 and deferred 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 or deferred 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

M Howe Electrical Services Ltd (Registered number: 07847822)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

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 11 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 December 2022 14,622 16,588 5,083
Additions - 17,213 1,140
Disposals - - -
At 30 November 2023 14,622 33,801 6,223
DEPRECIATION
At 1 December 2022 - 13,346 1,091
Charge for year - 3,829 1,144
Eliminated on disposal - - -
At 30 November 2023 - 17,175 2,235
NET BOOK VALUE
At 30 November 2023 14,622 16,626 3,988
At 30 November 2022 14,622 3,242 3,992

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2022 36,700 11,739 84,732
Additions - 902 19,255
Disposals (10,000 ) - (10,000 )
At 30 November 2023 26,700 12,641 93,987
DEPRECIATION
At 1 December 2022 24,746 5,742 44,925
Charge for year 4,915 1,534 11,422
Eliminated on disposal (6,458 ) - (6,458 )
At 30 November 2023 23,203 7,276 49,889
NET BOOK VALUE
At 30 November 2023 3,497 5,365 44,098
At 30 November 2022 11,954 5,997 39,807

M Howe Electrical Services Ltd (Registered number: 07847822)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS - continued

Assets held under hire purchase contracts had a net book value at the balance sheet date of £nil (2022: £25,144). Depreciation charged on these assets during the year totalled £nil (2022: £3,244).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 121,605 207,890
Other debtors - 8,350
Prepayments 5,615 5,398
127,220 221,638

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 46,885 42,312
Trade creditors 79,551 196,562
Tax 2 2
Social security and other taxes 6,310 7,136
VAT 8,135 3,444
Other creditors 32,573 1,798
Directors' current accounts 37,491 34,189
Accrued expenses 3,300 3,300
214,247 288,743

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 64,705 108,058