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Registered number: 12120599
M&T Electrical Services Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
James Khan
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12120599
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,762 850
4,762 850
CURRENT ASSETS
Debtors - 14,797
Cash at bank and in hand 50,444 34,743
50,444 49,540
Creditors: Amounts Falling Due Within One Year (27,181 ) (47,860 )
NET CURRENT ASSETS (LIABILITIES) 23,263 1,680
TOTAL ASSETS LESS CURRENT LIABILITIES 28,025 2,530
NET ASSETS 28,025 2,530
CAPITAL AND RESERVES
Called up share capital 5 101 101
Profit and Loss Account 27,924 2,429
SHAREHOLDERS' FUNDS 28,025 2,530
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Page 2
For the year ending 31 July 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 Matthew Brown
Director
29/08/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
M&T Electrical Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12120599 . The registered office is 243 Gladstone Road , Barry, CF62 8NE.
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.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. 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% Reducing Balance
Computer Equipment 25% Reducing Balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 August 2023 - 1,133 1,133
Additions 5,500 - 5,500
As at 31 July 2024 5,500 1,133 6,633
Depreciation
As at 1 August 2023 - 283 283
Provided during the period 1,375 213 1,588
As at 31 July 2024 1,375 496 1,871
Net Book Value
As at 31 July 2024 4,125 637 4,762
As at 1 August 2023 - 850 850
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 101 101
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