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REGISTERED NUMBER: 04180784 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

M W ELECTRICAL SERVICES LTD

M W ELECTRICAL SERVICES LTD (Registered number: 04180784)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M W ELECTRICAL SERVICES LTD

Company Information
for the Year Ended 31 March 2024







DIRECTOR: C A Wilson





REGISTERED OFFICE: 31 St. Oswalds Road
York
North Yorkshire
YO10 4PF





REGISTERED NUMBER: 04180784 (England and Wales)





ACCOUNTANTS: Beckingtons
2 Clifton Moor Business
Village
James Nicolson Link
York
North Yorkshire
YO30 4XG

M W ELECTRICAL SERVICES LTD (Registered number: 04180784)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,794 7,353

CURRENT ASSETS
Stocks 1,165 1,244
Debtors 5 10,853 8,287
Cash at bank and in hand 46,513 38,804
58,531 48,335
CREDITORS
Amounts falling due within one year 6 26,659 25,495
NET CURRENT ASSETS 31,872 22,840
TOTAL ASSETS LESS CURRENT
LIABILITIES

52,666

30,193

CREDITORS
Amounts falling due after more than one year 7 (5,444 ) -

PROVISIONS FOR LIABILITIES (5,199 ) (1,838 )
NET ASSETS 42,023 28,355

CAPITAL AND RESERVES
Called up share capital 8 50 50
Retained earnings 41,973 28,305
SHAREHOLDERS' FUNDS 42,023 28,355

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

M W ELECTRICAL SERVICES LTD (Registered number: 04180784)

Balance Sheet - continued
31 March 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 14 October 2024 and were signed by:





C A Wilson - Director


M W ELECTRICAL SERVICES LTD (Registered number: 04180784)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

M W ELECTRICAL SERVICES 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.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 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 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 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.

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.

M W ELECTRICAL SERVICES LTD (Registered number: 04180784)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2023 8,509 14,470 22,979
Additions 666 21,745 22,411
Disposals - (14,470 ) (14,470 )
At 31 March 2024 9,175 21,745 30,920
DEPRECIATION
At 1 April 2023 6,513 9,113 15,626
Charge for year 532 3,081 3,613
Eliminated on disposal - (9,113 ) (9,113 )
At 31 March 2024 7,045 3,081 10,126
NET BOOK VALUE
At 31 March 2024 2,130 18,664 20,794
At 31 March 2023 1,996 5,357 7,353

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 10,160 8,287
Other debtors 693 -
10,853 8,287

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 3,688 -
Trade creditors 4,488 4,714
Taxation and social security 12,678 15,799
Other creditors 5,805 4,982
26,659 25,495

M W ELECTRICAL SERVICES LTD (Registered number: 04180784)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 5,444 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
50 Ordinary 1 50 50