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REGISTERED NUMBER: 07970160 (England and Wales)

















Unaudited Financial Statements for the Year Ended 31 March 2024

for

MB-ES Electrical Contractors Ltd

MB-ES Electrical Contractors Ltd (Registered number: 07970160)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MB-ES Electrical Contractors Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr M D Bullock





REGISTERED OFFICE: 46 Oakwell Road
Drighlington
Bradford
West Yorkshire
BD11 1DS





REGISTERED NUMBER: 07970160 (England and Wales)





ACCOUNTANTS: Lishmans LLP
16-18 Station Road
Chapeltown
Sheffield
South Yorkshire
S35 2XH

MB-ES Electrical Contractors Ltd (Registered number: 07970160)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,845 7,898

CURRENT ASSETS
Stocks 2,547 15,764
Debtors 5 170,151 174,928
Cash at bank 15,215 29,108
187,913 219,800
CREDITORS
Amounts falling due within one year 6 154,075 175,588
NET CURRENT ASSETS 33,838 44,212
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,683

52,110

CREDITORS
Amounts falling due after more than
one year

7

-

(4,000

)

PROVISIONS FOR LIABILITIES 8 (5,291 ) (1,501 )
NET ASSETS 56,392 46,609

MB-ES Electrical Contractors Ltd (Registered number: 07970160)

Balance Sheet - continued
31 March 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 56,292 46,509
SHAREHOLDERS' FUNDS 56,392 46,609

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 3 September 2024 and were signed by:





Mr M D Bullock - Director


MB-ES Electrical Contractors Ltd (Registered number: 07970160)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

MB-ES Electrical Contractors 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 - 15% reducing balance basis
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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.


MB-ES Electrical Contractors Ltd (Registered number: 07970160)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

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 3 (2023 - 3 ) .

MB-ES Electrical Contractors Ltd (Registered number: 07970160)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 35,540
Additions 28,198
Disposals (15,000 )
At 31 March 2024 48,738
DEPRECIATION
At 1 April 2023 27,642
Charge for year 7,124
Eliminated on disposal (13,873 )
At 31 March 2024 20,893
NET BOOK VALUE
At 31 March 2024 27,845
At 31 March 2023 7,898

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 141,448 138,577
Other debtors 28,703 36,351
170,151 174,928

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,014 10,000
Trade creditors 68,473 141,937
Taxation and social security 20,090 14,778
Other creditors 60,498 8,873
154,075 175,588

MB-ES Electrical Contractors Ltd (Registered number: 07970160)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors - 4,000

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 5,291 1,501

Deferred
tax
£   
Balance at 1 April 2023 1,501
Provided during year 3,790
Profit and loss
Balance at 31 March 2024 5,291