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Registered number: 06468761
Masters Electrical Contractors Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
E Johnson & Associates Ltd
637 Green Lanes
London
N8 0RE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06468761
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 74 99
74 99
CURRENT ASSETS
Debtors 5 3 3
Cash at bank and in hand - 5
3 8
Creditors: Amounts Falling Due Within One Year 6 (4,352 ) (4,053 )
NET CURRENT ASSETS (LIABILITIES) (4,349 ) (4,045 )
TOTAL ASSETS LESS CURRENT LIABILITIES (4,275 ) (3,946 )
NET LIABILITIES (4,275 ) (3,946 )
CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Profit and Loss Account (5,275 ) (4,946 )
SHAREHOLDERS' FUNDS (4,275) (3,946)
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr T B Saru
Director
31st October 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Masters Electrical Contractors Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06468761 . The registered office is 9 Coombe Close, Frimley, Camberley, Surrey, GU16 7DZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The financial statement has been prepared on the going concern basis.This assumes that the company will continue in operational existence for the foreseeable future .
At the year end 31 January 2024 the company's liabilities exceeded its assets.The director of the company has assurance in place to support the company financially and does not intend to withdraw his support of the company in the next twelve month.
The director therefore deemed it appropriate for the financial statements to be prepared on the going concern basis.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 February 2023 3,854
As at 31 January 2024 3,854
Depreciation
As at 1 February 2023 3,755
Provided during the period 25
As at 31 January 2024 3,780
Net Book Value
As at 31 January 2024 74
As at 1 February 2023 99
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 3 3
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1
Other creditors 4,352 4,052
4,352 4,053
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
8. Related Party Transactions
During the year, no dividend was paid to the director.
9. Ultimate Controlling Party
The company's ultimate controlling party is Mr T B Saru by virtue of his ownership of 100% of the issued share capital in the company.
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