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Unaudited Financial Statements

for the Year Ended 30 November 2023

for

MH Electrical Solutions Limited

MH Electrical Solutions Limited (Registered number: 06421729)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MH Electrical Solutions Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: M Hubbard





SECRETARY: Mrs K L Hubbard





REGISTERED OFFICE: 146 High Street
Billericay
Essex
CM12 9DF





REGISTERED NUMBER: 06421729 (England and Wales)





ACCOUNTANTS: Michael Letch & Partners LLP
Accountants
146 High Street
Billericay
Essex
CM12 9DF

MH Electrical Solutions Limited (Registered number: 06421729)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,653 7,622

CURRENT ASSETS
Debtors 5 97,906 48,412
Cash at bank 131,396 109,424
229,302 157,836
CREDITORS
Amounts falling due within one year 6 82,557 61,759
NET CURRENT ASSETS 146,745 96,077
TOTAL ASSETS LESS CURRENT
LIABILITIES

158,398

103,699

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 158,396 103,697
SHAREHOLDERS' FUNDS 158,398 103,699

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.

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 10 August 2024 and were signed by:





M Hubbard - Director


MH Electrical Solutions Limited (Registered number: 06421729)

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

1. STATUTORY INFORMATION

MH Electrical Solutions Limited 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
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

MH Electrical Solutions Limited (Registered number: 06421729)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 18,460 3,028 - - 21,488
Additions - - 7,330 658 7,988
At 30 November 2023 18,460 3,028 7,330 658 29,476
DEPRECIATION
At 1 December 2022 12,115 1,751 - - 13,866
Charge for year 1,586 319 1,833 219 3,957
At 30 November 2023 13,701 2,070 1,833 219 17,823
NET BOOK VALUE
At 30 November 2023 4,759 958 5,497 439 11,653
At 30 November 2022 6,345 1,277 - - 7,622

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 95,028 44,992
Social security and other tax 2,878 3,420
97,906 48,412

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 36,749 42,305
Trade creditors 7,591 2,158
Tax 31,833 9,061
Social security and other taxes 352 -
Directors' current accounts 4,882 -
Accrued expenses 1,150 8,235
82,557 61,759