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REGISTERED NUMBER: 08252332 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Maintenance Services Electrical Ltd

Maintenance Services Electrical Ltd (Registered number: 08252332)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Maintenance Services Electrical Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr J S Lockhart
Mr T Lockhart
Mr R A Jones





SECRETARY: Mrs J Lockhart





REGISTERED OFFICE: 1 Grange Farm Cottage
Holcot Road
Brixworth
Northampton
Northamptonshire
NN6 9BN





REGISTERED NUMBER: 08252332 (England and Wales)





ACCOUNTANTS: Clifford Roberts
63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ

Maintenance Services Electrical Ltd (Registered number: 08252332)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 38,831 29,391
38,831 29,391

CURRENT ASSETS
Stocks 25,877 1,976
Debtors 6 131,299 221,731
Cash at bank and in hand 79,427 21,258
236,603 244,965
CREDITORS
Amounts falling due within one year 7 108,408 95,246
NET CURRENT ASSETS 128,195 149,719
TOTAL ASSETS LESS CURRENT
LIABILITIES

167,026

179,110

CREDITORS
Amounts falling due after more than one
year

8

(28,312

)

(21,472

)

PROVISIONS FOR LIABILITIES (5,268 ) (4,321 )
NET ASSETS 133,446 153,317

CAPITAL AND RESERVES
Called up share capital 9 240 240
Retained earnings 133,206 153,077
SHAREHOLDERS' FUNDS 133,446 153,317

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

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 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.

Maintenance Services Electrical Ltd (Registered number: 08252332)

Balance Sheet - continued
31 December 2023


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 Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:





Mr T Lockhart - Director


Maintenance Services Electrical Ltd (Registered number: 08252332)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Maintenance Services Electrical 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.

Revenue
Turnover represents net invoices sale of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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 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.

Maintenance Services Electrical Ltd (Registered number: 08252332)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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 6 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 January 2023
and 31 December 2023 30,000
AMORTISATION
At 1 January 2023
and 31 December 2023 30,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 January 2023 2,820 379 61,152 833 65,184
Additions 2,400 - 21,800 - 24,200
Disposals - - (9,000 ) - (9,000 )
At 31 December 2023 5,220 379 73,952 833 80,384
DEPRECIATION
At 1 January 2023 2,820 379 31,761 833 35,793
Charge for year 360 - 12,264 - 12,624
Eliminated on disposal - - (6,864 ) - (6,864 )
At 31 December 2023 3,180 379 37,161 833 41,553
NET BOOK VALUE
At 31 December 2023 2,040 - 36,791 - 38,831
At 31 December 2022 - - 29,391 - 29,391

Maintenance Services Electrical Ltd (Registered number: 08252332)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 131,019 211,564
Directors' current accounts 280 10,167
131,299 221,731

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Hire purchase contracts 9,026 4,425
Trade creditors 41,440 32,034
Social security and other taxes 5,528 7,550
VAT 32,667 38,368
Credit card 2,914 2,370
Directors' current accounts 14,333 7,999
Accrued expenses 2,500 2,500
108,408 95,246

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Hire purchase contracts 28,312 21,472

Amounts falling due in more than five years:

Repayable by instalments
Hire purchase - 5,276

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
200 Ordinary £1 200 200
40 Ordinary B £1 40 40
240 240

Maintenance Services Electrical Ltd (Registered number: 08252332)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£ £
Mr J S Lockhart
Balance outstanding at start of year (8,000 ) (1,228 )
Amounts advanced 8,280 -
Amounts repaid - (6,772 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 280 (8,000 )

Mr R A Jones
Balance outstanding at start of year 6,167 167
Amounts advanced - 6,000
Amounts repaid (12,250 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (6,083 ) 6,167

Mr T Lockhart
Balance outstanding at start of year 4,000 (2,000 )
Amounts advanced - 6,000
Amounts repaid (12,250 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (8,250 ) 4,000