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Registration number: 04961826

Meehan Electrical Engineering Training & Safety Limited

Unaudited Financial Statements

for the Year Ended 29 November 2023

 

Meehan Electrical Engineering Training & Safety Limited

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Meehan Electrical Engineering Training & Safety Limited

(Registration number: 04961826)
Statement of Financial Position as at 29 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

939

1,345

Current assets

 

Stocks

5

-

20

Debtors

6

4,440

3,942

Cash at bank and in hand

 

19,981

15,224

 

24,421

19,186

Creditors: Amounts falling due within one year

7

(18,013)

(8,292)

Net current assets

 

6,408

10,894

Net assets

 

7,347

12,239

Capital and reserves

 

Called up share capital

1

1

Retained earnings

7,346

12,238

Shareholders' funds

 

7,347

12,239

 

Meehan Electrical Engineering Training & Safety Limited

(Registration number: 04961826)
Statement of Financial Position as at 29 November 2023

For the financial year ending 29 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 November 2024
 

.........................................
K V Meehan
Director

 

Meehan Electrical Engineering Training & Safety Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
40 Stamford Avenue
Oldfield Brow
Altrincham
Cheshire
WA14 4JH
United Kingdom

These financial statements were authorised for issue by the director on 20 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grants are credited to the profit and loss account on the accruals basis.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Meehan Electrical Engineering Training & Safety Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 November 2023

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

15% reducing balance

Office equipment

33% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Meehan Electrical Engineering Training & Safety Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 November 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 30 November 2022

14,686

14,686

At 29 November 2023

14,686

14,686

Depreciation

At 30 November 2022

13,341

13,341

Charge for the year

406

406

At 29 November 2023

13,747

13,747

Carrying amount

At 29 November 2023

939

939

At 29 November 2022

1,345

1,345

5

Stocks

2023
£

2022
£

Other inventories

-

20

6

Debtors

Current

2023
£

2022
£

Trade debtors

3,300

3,135

Other debtors

1,140

807

 

4,440

3,942

 

Meehan Electrical Engineering Training & Safety Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 November 2023

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

1,528

3,354

Accruals and deferred income

3,238

2,722

Other creditors

13,247

2,216

18,013

8,292