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M & A ELECTRICS LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023






M & A ELECTRICS LTD (REGISTERED NUMBER: 11712554)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


M & A ELECTRICS LTD

COMPANY INFORMATION
for the Year Ended 31st December 2023







DIRECTOR: A D D Lee





REGISTERED OFFICE: Garner and Associates Ltd
Liverpool Road Studios
Suite 3 and 4
Crosby
Merseyside
L23 5TD





REGISTERED NUMBER: 11712554 (England and Wales)





ACCOUNTANTS: Garner & Associates Ltd
Liverpool Road Studios
Suites 3 & 4
113 Liverpool Road
Crosby
Merseyside
L23 5TD

M & A ELECTRICS LTD (REGISTERED NUMBER: 11712554)

BALANCE SHEET
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,505 2,732

CURRENT ASSETS
Stocks 1,500 1,000
Debtors 5 8,999 27,699
Cash at bank 49,232 17,045
59,731 45,744
CREDITORS
Amounts falling due within one year 6 17,357 11,646
NET CURRENT ASSETS 42,374 34,098
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,879

36,830

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 45,877 36,828
SHAREHOLDERS' FUNDS 45,879 36,830

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19th September 2024 and were signed by:




A D D Lee - Director


M & A ELECTRICS LTD (REGISTERED NUMBER: 11712554)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

M & A Electrics 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 - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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 Statement of Income and Retained Earnings, 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 1 (2022 - 1 ) .

M & A ELECTRICS LTD (REGISTERED NUMBER: 11712554)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1st January 2023 4,500 1,780 6,280
Additions - 1,557 1,557
At 31st December 2023 4,500 3,337 7,837
DEPRECIATION
At 1st January 2023 3,075 473 3,548
Charge for year 355 429 784
At 31st December 2023 3,430 902 4,332
NET BOOK VALUE
At 31st December 2023 1,070 2,435 3,505
At 31st December 2022 1,425 1,307 2,732

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 8,999 27,699

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 145 254
Taxation and social security 6,604 10,256
Other creditors 10,608 1,136
17,357 11,646