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REGISTERED NUMBER: 04612725 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2023

FOR

TME ELECTRICAL CONTRACTING LTD

TME ELECTRICAL CONTRACTING LTD (REGISTERED NUMBER: 04612725)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


TME ELECTRICAL CONTRACTING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2023







DIRECTOR: Mr T M Edwards





SECRETARY: Miss M Cain





REGISTERED OFFICE: Unit 3
Min y Llyn
Glanyrafon Industrial Estate
Aberystwyth
Wales
SY23 3NG





REGISTERED NUMBER: 04612725 (England and Wales)

TME ELECTRICAL CONTRACTING LTD (REGISTERED NUMBER: 04612725)

ABRIDGED BALANCE SHEET
31ST OCTOBER 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 13,200 16,080
Tangible assets 5 220,907 144,586
234,107 160,666

CURRENT ASSETS
Stocks 51,000 12,000
Debtors 290,564 315,671
Cash at bank 25,926 51,206
367,490 378,877
CREDITORS
Amounts falling due within one year 208,540 215,732
NET CURRENT ASSETS 158,950 163,145
TOTAL ASSETS LESS CURRENT
LIABILITIES

393,057

323,811

CREDITORS
Amounts falling due after more than one
year

(86,553

)

(71,195

)

PROVISIONS FOR LIABILITIES (40,000 ) (23,500 )
NET ASSETS 266,504 229,116

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 266,498 229,110
SHAREHOLDERS' FUNDS 266,504 229,116

TME ELECTRICAL CONTRACTING LTD (REGISTERED NUMBER: 04612725)

ABRIDGED BALANCE SHEET - continued
31ST OCTOBER 2023


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

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 31st October 2024 and were signed by:





Mr T M Edwards - Director


TME ELECTRICAL CONTRACTING LTD (REGISTERED NUMBER: 04612725)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023

1. STATUTORY INFORMATION

Tme Electrical Contracting 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 2003, is being amortised evenly over its estimated useful life of twenty 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.
Fixtures and fittings - 15% on cost
Motor vehicles - 25% 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.


TME ELECTRICAL CONTRACTING LTD (REGISTERED NUMBER: 04612725)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Going concern basis of accounting
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern, which the director considers appropriate.

Hire purchase and leasing commitments
Assets held under finance leases and hire purchase contracts, which are those where
substantially all the risks and rewards of ownership of the asset have passed to the
company, are capitalised in the balance sheet and depreciated over their useful lives.
The interest element of the rental obligations is charged to the profit and loss account over
the period of the lease and represents a constant proportion of the balance of capital
repayments outstanding.
Rentals paid under operating leases are charged to income on a straight line basis over the
lease term.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

TME ELECTRICAL CONTRACTING LTD (REGISTERED NUMBER: 04612725)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023

4. INTANGIBLE FIXED ASSETS
Totals
£
COST
At 1st November 2022
and 31st October 2023 72,000
AMORTISATION
At 1st November 2022 55,920
Amortisation for year 2,880
At 31st October 2023 58,800
NET BOOK VALUE

At 31st October 2023 13,200
At 31st October 2022 16,080

5. TANGIBLE FIXED ASSETS
Totals
£
COST
At 1st November 2022 625,882
Additions 165,311
Disposals (43,237 )
At 31st October 2023 747,956
DEPRECIATION
At 1st November 2022 481,296
Charge for year 68,755
Eliminated on disposal (23,002 )
At 31st October 2023 527,049
NET BOOK VALUE
At 31st October 2023 220,907
At 31st October 2022 144,586