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REGISTERED NUMBER: SC503333 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Mb Electrical Services (Falkirk) Ltd

Mb Electrical Services (Falkirk) Ltd (Registered number: SC503333)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mb Electrical Services (Falkirk) Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: M Brash





REGISTERED OFFICE: 17 Taransay Drive
Polmont
Falkirk
FK2 0YY





REGISTERED NUMBER: SC503333 (Scotland)





ACCOUNTANTS: Norman Foster Accountancy Services
78 Carronshore Road
Carron
Falkirk
FK2 8EE

Mb Electrical Services (Falkirk) Ltd (Registered number: SC503333)

Balance Sheet
30 April 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 48,362

CURRENT ASSETS
Stocks 3,640
Debtors 5 86,807
Cash at bank and in hand 15,495
105,942
CREDITORS
Amounts falling due within one year 6 78,798
NET CURRENT ASSETS 27,144
TOTAL ASSETS LESS CURRENT
LIABILITIES

75,506

CREDITORS
Amounts falling due after more than
one year

7

20,972
NET ASSETS 54,534

CAPITAL AND RESERVES
Called up share capital 8 1
Retained earnings 9 54,533
SHAREHOLDERS' FUNDS 54,534

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Mb Electrical Services (Falkirk) Ltd (Registered number: SC503333)

Balance Sheet - continued
30 April 2024


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 10 October 2024 and were signed by:





M Brash - Director


Mb Electrical Services (Falkirk) Ltd (Registered number: SC503333)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Mb Electrical Services (Falkirk) Ltd is a private company, limited by shares , registered in Scotland. 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
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 7 .

Mb Electrical Services (Falkirk) Ltd (Registered number: SC503333)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 1,700 75,441 4,790 81,931
Additions - 20,076 2,293 22,369
Disposals - (20,200 ) - (20,200 )
At 30 April 2024 1,700 75,317 7,083 84,100
DEPRECIATION
At 1 May 2023 1,436 32,931 3,187 37,554
Charge for year 66 15,081 974 16,121
Eliminated on disposal - (17,937 ) - (17,937 )
At 30 April 2024 1,502 30,075 4,161 35,738
NET BOOK VALUE
At 30 April 2024 198 45,242 2,922 48,362
At 30 April 2023 264 42,510 1,603 44,377

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 83,657
Other debtors 3,150
86,807

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 10,754
Hire purchase contracts 4,218
Trade creditors 39,088
Taxation and social security 18,634
Other creditors 6,104
78,798

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
£   
Bank loans 5,609
Hire purchase contracts 15,363
20,972

Mb Electrical Services (Falkirk) Ltd (Registered number: SC503333)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
1 Ordinary £1 1

9. RESERVES
Retained
earnings
£   

At 1 May 2023 57,262
Profit for the year 37,271
Dividends (40,000 )
At 30 April 2024 54,533