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REGISTERED NUMBER: 00601888 (England and Wales)














Unaudited Financial Statements for the Year Ended 30 April 2024

for

J.H.MAY (ELECTRICAL) LIMITED

J.H.MAY (ELECTRICAL) LIMITED (REGISTERED NUMBER: 00601888)






Contents of the Financial Statements
for the year ended 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J.H.MAY (ELECTRICAL) LIMITED

Company Information
for the year ended 30 APRIL 2024







DIRECTORS: J M May
M J May
M P May





SECRETARY: G J May





REGISTERED OFFICE: 5 Station Road
Rushden
Northamptonshire
NN10 9SR





REGISTERED NUMBER: 00601888 (England and Wales)





ACCOUNTANT: Elsby & Co
155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB

J.H.MAY (ELECTRICAL) LIMITED (REGISTERED NUMBER: 00601888)

Balance Sheet
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 314,837 311,181

CURRENT ASSETS
Stocks 8,930 9,305
Debtors 5 18,781 15,420
Cash at bank 7,123 28,473
34,834 53,198
CREDITORS
Amounts falling due within one year 6 64,302 61,670
NET CURRENT LIABILITIES (29,468 ) (8,472 )
TOTAL ASSETS LESS CURRENT LIABILITIES 285,369 302,709

PROVISIONS FOR LIABILITIES 28,731 27,591
NET ASSETS 256,638 275,118

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Revaluation reserve 8 122,485 117,625
Retained earnings 8 133,153 156,493
SHAREHOLDERS' FUNDS 256,638 275,118

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 directors acknowledge their 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.

J.H.MAY (ELECTRICAL) LIMITED (REGISTERED NUMBER: 00601888)

Balance Sheet - continued
30 APRIL 2024


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 Board of Directors and authorised for issue on 6 August 2024 and were signed on its behalf by:





J M May - Director


J.H.MAY (ELECTRICAL) LIMITED (REGISTERED NUMBER: 00601888)

Notes to the Financial Statements
for the year ended 30 APRIL 2024

1. STATUTORY INFORMATION

J.H.May (Electrical) 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 as modified by the revaluation of certain assets.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing
stock to its 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.

J.H.MAY (ELECTRICAL) LIMITED (REGISTERED NUMBER: 00601888)

Notes to the Financial Statements - continued
for the year ended 30 APRIL 2024

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

The average number of employees during the year was 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 May 2023 300,000 27,305 57,563 6,940 391,808
Additions - 290 - - 290
Disposals - - (9,450 ) - (9,450 )
Revaluations 6,000 - - - 6,000
At 30 April 2024 306,000 27,595 48,113 6,940 388,648
DEPRECIATION
At 1 May 2023 - 21,916 51,924 6,787 80,627
Charge for year - 851 1,337 153 2,341
Eliminated on disposal - - (9,157 ) - (9,157 )
At 30 April 2024 - 22,767 44,104 6,940 73,811
NET BOOK VALUE
At 30 April 2024 306,000 4,828 4,009 - 314,837
At 30 April 2023 300,000 5,389 5,639 153 311,181

Cost or valuation at 30 April 2024 is represented by:

Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
Valuation in 2023 145,216 - - - 145,216
Valuation in 2024 6,000 - - - 6,000
Cost 154,784 27,595 48,113 6,940 237,432
306,000 27,595 48,113 6,940 388,648

J.H.MAY (ELECTRICAL) LIMITED (REGISTERED NUMBER: 00601888)

Notes to the Financial Statements - continued
for the year ended 30 APRIL 2024

4. TANGIBLE FIXED ASSETS - continued

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 154,784 154,784
Aggregate depreciation 52,311 49,216

Value of land in freehold land and buildings 102,473 105,568

Freehold land and buildings were valued on an open market basis on 30 April 2024 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 17,024 7,123
Other debtors 1,757 8,297
18,781 15,420

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 7,125 14,085
Taxation and social security 17,560 21,293
Other creditors 39,617 26,292
64,302 61,670

7. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Share capital 1 £1 1,000 1,000

8. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 May 2023 156,493 117,625 274,118
Deficit for the year (12,215 ) (12,215 )
Dividends (5,125 ) (5,125 )
Property revaluation (6,000 ) 4,860 (1,140 )
At 30 April 2024 133,153 122,485 255,638