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REGISTERED NUMBER: 07167594 (England and Wales)








REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

FORD AND MEADE ELECTRICAL LIMITED

FORD AND MEADE ELECTRICAL LIMITED (REGISTERED NUMBER: 07167594)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company Information 1

Report of the Director 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 7


FORD AND MEADE ELECTRICAL LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTOR: Mr M Meade





REGISTERED OFFICE: Britannic House
657 Liverpool Road
Irlam
Manchester
M44 5XD





BUSINESS ADDRESS: 2 The Maples
210 Manchester Road
Woolston
Warrington
Cheshire
WA1 4HJ





REGISTERED NUMBER: 07167594 (England and Wales)





ACCOUNTANTS: Cadishead Accountancy Services Limited
Britannic House
657 Liverpool Road
Irlam
Manchester
Lancashire
M44 5XD

FORD AND MEADE ELECTRICAL LIMITED (REGISTERED NUMBER: 07167594)

REPORT OF THE DIRECTOR
for the Year Ended 30 June 2024

The director presents his report with the financial statements of the company for the year ended 30 June 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of an electrical contractor.

DIRECTOR
Mr M Meade held office during the whole of the period from 1 July 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr M Meade - Director


24 October 2024

FORD AND MEADE ELECTRICAL LIMITED (REGISTERED NUMBER: 07167594)

BALANCE SHEET
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 4,349 5,157
4,349 5,157

CURRENT ASSETS
Stocks 815 952
Debtors 6 736 2,411
Cash at bank 3,927 7,299
5,478 10,662
CREDITORS
Amounts falling due within one year 7 (34,795 ) (22,370 )
NET CURRENT LIABILITIES (29,317 ) (11,708 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(24,968

)

(6,551

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (24,969 ) (6,552 )
SHAREHOLDERS' FUNDS (24,968 ) (6,551 )

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

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

FORD AND MEADE ELECTRICAL LIMITED (REGISTERED NUMBER: 07167594)

BALANCE SHEET - continued
30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 October 2024 and were signed by:





Mr M Meade - Director


FORD AND MEADE ELECTRICAL LIMITED (REGISTERED NUMBER: 07167594)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Ford and Meade Electrical Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten 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.
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.

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.

FORD AND MEADE ELECTRICAL LIMITED (REGISTERED NUMBER: 07167594)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

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 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 10,000
AMORTISATION
At 1 July 2023
and 30 June 2024 10,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 22,578 2,602 25,180
Additions - 550 550
At 30 June 2024 22,578 3,152 25,730
DEPRECIATION
At 1 July 2023 17,948 2,075 20,023
Charge for year 1,157 201 1,358
At 30 June 2024 19,105 2,276 21,381
NET BOOK VALUE
At 30 June 2024 3,473 876 4,349
At 30 June 2023 4,630 527 5,157

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 736 2,411

FORD AND MEADE ELECTRICAL LIMITED (REGISTERED NUMBER: 07167594)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 46 -
Taxation and social security 3,035 4,147
Other creditors 31,714 18,223
34,795 22,370

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M Meade.