2023-01-01 03522631 2023-12-31 03522631 2023-01-01 2023-12-31 03522631 2022-12-31 03522631 2022-01-01 2022-12-31 03522631 uk-core:WithinOneYear 2022-12-31 03522631 uk-core:WithinOneYear 2023-12-31 03522631 uk-core:ShareCapital 2023-12-31 03522631 uk-core:ShareCapital 2022-12-31 03522631 uk-core:SharePremium 2023-12-31 03522631 uk-core:SharePremium 2022-12-31 03522631 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 03522631 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 03522631 uk-core:OtherMiscellaneousReserve 2023-12-31 03522631 uk-bus:Director1 2023-01-01 2023-12-31 03522631 uk-core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 03522631 uk-core:WithinOneYear uk-core:Secured 2023-12-31 03522631 uk-core:WithinOneYear uk-core:Secured 2022-12-31 iso4217:GBP xbrli:pure 03522631 uk-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 03522631 uk-bus:FRS102 2023-01-01 2023-12-31 03522631 uk-bus:FilletedAccounts 2023-01-01 2023-12-31 03522631 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
M H A Integrated Electronic Services Limited
Registered Number:03522631
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2023
M H A Integrated Electronic Services Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
03522631
As at 31 December 2023
M H A Integrated Electronic Services Limited
Statement of Financial Position
£
£
2022
2023
Notes
Current assets
Inventories
15,317
8,360
3
Trade and other receivables
304,338
166,822
4
22,501
Cash and cash equivalents
101,202
276,384
342,156
Trade and other payables: amounts falling due within one year
(169,201)
(84,535)
5
172,955
191,849
Net current assets
Total assets less current liabilities
191,849
172,955
191,849
Net assets
172,955
Capital and reserves
Called up share capital
699
699
Share premium account
57,542
57,542
Retained earnings
133,607
114,713
Other reserves
1
1
191,849
172,955
Shareholders' funds
For the year ended 31 December 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Ms Lynne Margaret Harrisson Director
These financial statements were approved and authorised for issue by the Board on 30 August 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2023
M H A Integrated Electronic Services Limited
Notes to the Financial Statements
Statutory Information
M H A Integrated Electronic Services Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 03522631.
Registered address:
Unit 26 Meadowcroft Way
Leigh Business Park
Leigh
England
WN7 3XZ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard
102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.
The financial statements have been prepared under the historical costs convention.
Revenue recognition
Revenue represents the total value of all contracts fully and partially completed during the year. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery etc
25% Straight line
Inventories
Inventories are valued at the lower of cost and net realisable value. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. On the date of the Statment of Finacial Position, an assessment is made for impairment. Any excess of the carrying amount of inventory over its net realisable value is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the Statement of Financial Position 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 the financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and are expected to apply to the reversal of the timing difference.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they fall due.
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5
For the year ended 31 December 2023
M H A Integrated Electronic Services Limited
Notes to the Financial Statements Continued
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 rates and laws that have been enacted or substantively enacted
by the Statement of Financial Position date.
Impairment of assets
At each reporting date assets are reviewed to determine whether there is any indication that those assets have suffered an
impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and
compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its
recoverable amount and an impairment loss is recognised immediately in the profit or loss.
If an impairment loss is subsequently reversed, the carrying amount of the asset is increased to the revised estimate of its
recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised in
prior periods. A reversal of an impairment loss is recognised immediately in the profit or loss.
Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial
Instruments Issues' of FRS102 to all its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual
provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts present in the financial statements, when there is a legally
enforceable right to se off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and
settle the liability simultaneously.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including
transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement
constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a
market rate of interest. Financial assets classified as receivable within one year are not amortised.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.
An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its
liabilities.
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are
classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where
the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial
liabilities classified as payable within one year are not amortised.
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6
For the year ended 31 December 2023
M H A Integrated Electronic Services Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Plant and
machinery etc
£
Cost or valuation
At 01 January 2023
127,840
At 31 December 2023
127,840
Provision for depreciation and impairment
At 01 January 2023
127,840
At 31 December 2023
127,840
At 31 December 2023
Net book value
-
At 31 December 2022
-
3. Inventories
2022
2023
£
£
Stocks
8,360
15,317
4. Trade and other receivables
2022
2023
£
£
Trade debtors
32,641
158,462
Prepayments and accrued income
4,361
4,460
Deferred tax asset
41,027
33,176
Taxation and social security
193
17,616
Other debtors
88,600
90,624
304,338
166,822
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft (secured)
24,569
31,450
Trade creditors
57,495
127,856
Taxation and social security
1,601
937
Accruals and deferred income
870
8,958
84,535
169,201
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7
For the year ended 31 December 2023
M H A Integrated Electronic Services Limited
Notes to the Financial Statements Continued
6. Related party transactions
During the year Intelect Lighting Limited borrowed a further £658 from MHA Integrated Electronic Services Limited. At the
year end Intelect Lighting Limited owed the company £88,600 (2022: £87,942). Intelect Lighting is controlled by close family
members of the directors.
7. Average number of persons employed
During the year the average number of employees was 4 (2022 : 3)
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