Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 09646975 Mr P Gaines Mr N Varley Mr D Varley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09646975 2022-12-31 09646975 2023-12-31 09646975 2023-01-01 2023-12-31 09646975 frs-core:CurrentFinancialInstruments 2023-12-31 09646975 frs-core:Non-currentFinancialInstruments 2023-12-31 09646975 frs-core:FurnitureFittings 2023-12-31 09646975 frs-core:FurnitureFittings 2023-01-01 2023-12-31 09646975 frs-core:FurnitureFittings 2022-12-31 09646975 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 09646975 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 09646975 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 09646975 frs-core:MotorVehicles 2023-12-31 09646975 frs-core:MotorVehicles 2023-01-01 2023-12-31 09646975 frs-core:MotorVehicles 2022-12-31 09646975 frs-core:ShareCapital 2023-12-31 09646975 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09646975 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09646975 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 09646975 frs-bus:SmallEntities 2023-01-01 2023-12-31 09646975 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09646975 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09646975 frs-bus:Director1 2023-01-01 2023-12-31 09646975 frs-bus:Director2 2023-01-01 2023-12-31 09646975 frs-bus:Director3 2023-01-01 2023-12-31 09646975 frs-countries:EnglandWales 2023-01-01 2023-12-31 09646975 2021-12-31 09646975 2022-12-31 09646975 2022-01-01 2022-12-31 09646975 frs-core:CurrentFinancialInstruments 2022-12-31 09646975 frs-core:Non-currentFinancialInstruments 2022-12-31 09646975 frs-core:ShareCapital 2022-12-31 09646975 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 09646975
MCE Electrical Contractors Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 09646975
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 131,362 138,834
131,362 138,834
CURRENT ASSETS
Stocks 5 5,400 5,400
Debtors 6 378,823 365,773
Cash at bank and in hand 147,633 189,735
531,856 560,908
Creditors: Amounts Falling Due Within One Year 7 (215,944 ) (238,312 )
NET CURRENT ASSETS (LIABILITIES) 315,912 322,596
TOTAL ASSETS LESS CURRENT LIABILITIES 447,274 461,430
Creditors: Amounts Falling Due After More Than One Year 8 (18,214 ) (28,271 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (16,122 ) (11,870 )
NET ASSETS 412,938 421,289
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 412,838 421,189
SHAREHOLDERS' FUNDS 412,938 421,289
Page 1
Page 2
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr N Varley
Director
8th August 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
MCE Electrical Contractors Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09646975 . The registered office is Progress Works, Hall Lane, Bradford, West Yorkshire, BD4 7DN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 2% Straight line
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Straight line
2.4. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2022: 13)
12 13
4. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2023 68,240 135,070 7,096 210,406
Additions - 24,500 - 24,500
Disposals - (10,000 ) - (10,000 )
As at 31 December 2023 68,240 149,570 7,096 224,906
...CONTINUED
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Depreciation
As at 1 January 2023 - 66,743 4,829 71,572
Provided during the period 1,365 21,332 1,775 24,472
Disposals - (2,500 ) - (2,500 )
As at 31 December 2023 1,365 85,575 6,604 93,544
Net Book Value
As at 31 December 2023 66,875 63,995 492 131,362
As at 1 January 2023 68,240 68,327 2,267 138,834
5. Stocks
2023 2022
£ £
Materials 5,400 5,400
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 187,074 156,802
Amounts owed by other participating interests 191,749 208,971
378,823 365,773
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 147,087 112,613
Bank loans and overdrafts 10,056 9,808
Corporation tax 3,073 30,944
Other taxes and social security 10,520 20,078
VAT 23,272 45,815
Other creditors 7,196 3,614
Accruals and deferred income 2,750 3,450
Directors' loan accounts 11,990 11,990
215,944 238,312
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 18,214 28,271
18,214 28,271
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9. Deferred Taxation
The provision for deferred tax is made up as follows:
2023 2022
£ £
Other timing differences 16,122 11,870
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
11. Related Party Transactions
MC Builders Merchants LtdUnder common controlAs at the balance sheet date the amount owed by the related party was £3,018 (2022: £nil).

MC Builders Merchants Ltd

Under common control

As at the balance sheet date the amount owed by the related party was £3,018 (2022: £nil).

Metalcraft Projects UK LtdUnder common controlAs at the balance sheet date the amount owed by the related party was £780 (2022: £nil).

Metalcraft Projects UK Ltd

Under common control

As at the balance sheet date the amount owed by the related party was £780 (2022: £nil).

Metalcraft Laser LtdUnder common controlAs at the balance sheet date the amount owed to the related party was £42 (2022: £nil).

Metalcraft Laser Ltd

Under common control

As at the balance sheet date the amount owed to the related party was £42 (2022: £nil).

Process Pump Solutions LtdUnder common controlAs at the balance sheet date the amount owed to the related party was £4,095 (2022: £nil).

Process Pump Solutions Ltd

Under common control

As at the balance sheet date the amount owed to the related party was £4,095 (2022: £nil).

M Craft Developments LtdUnder common controlAs at the balance sheet date the amount owed to the related party was £2,500 (2022: £300).

M Craft Developments Ltd

Under common control

As at the balance sheet date the amount owed to the related party was £2,500 (2022: £300).

Metalcraft Precision Engineering LtdUnder common controlAs at the balance sheet date the amount owed by the related party was £816 (2022: £21,193).

Metalcraft Precision Engineering Ltd

Under common control

As at the balance sheet date the amount owed by the related party was £816 (2022: £21,193).

Metalcraft Europe LtdUnder common controlAs at the balance sheet date the amount owed by the related party was £108,236 (2022: £102,341).

Metalcraft Europe Ltd

Under common control

As at the balance sheet date the amount owed by the related party was £108,236 (2022: £102,341).

Varley Group (Bradford) LtdUnder common controlAs at the balance sheet date the amount owed by the related party was £85,537 (2022: £85,737).
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Varley Group (Bradford) Ltd

Under common control

As at the balance sheet date the amount owed by the related party was £85,537 (2022: £85,737).

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