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REGISTERED NUMBER: 10900901 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 March 2024

for

M.falzon Electrical Contractors Ltd

M.falzon Electrical Contractors Ltd (Registered number: 10900901)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M.falzon Electrical Contractors Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Max Falzon





REGISTERED OFFICE: 4 Capricorn Centre
Cranes Farm Road
Basildon
Essex
SS14 3JJ





REGISTERED NUMBER: 10900901 (England and Wales)





ACCOUNTANTS: Robert Lewis Accountants
4 Capricorn Centre
Cranes Farm Road
Basildon
Essex
SS14 3JJ

M.falzon Electrical Contractors Ltd (Registered number: 10900901)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,338 21,575

CURRENT ASSETS
Stocks 75,402 94,274
Debtors 5 78,742 25,253
Cash at bank and in hand 2 8,312
154,146 127,839
CREDITORS
Amounts falling due within one year 6 102,944 81,557
NET CURRENT ASSETS 51,202 46,282
TOTAL ASSETS LESS CURRENT
LIABILITIES

69,540

67,857

CREDITORS
Amounts falling due after more than one
year

7

(50,006

)

(61,909

)

PROVISIONS FOR LIABILITIES (3,900 ) (4,823 )
NET ASSETS 15,634 1,125

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 15,632 1,123
SHAREHOLDERS' FUNDS 15,634 1,125

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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

M.falzon Electrical Contractors Ltd (Registered number: 10900901)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 November 2024 and were signed by:





Max Falzon - Director


M.falzon Electrical Contractors Ltd (Registered number: 10900901)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

M.falzon Electrical Contractors 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

M.falzon Electrical Contractors Ltd (Registered number: 10900901)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 45,491
DEPRECIATION
At 1 April 2023 23,916
Charge for year 3,237
At 31 March 2024 27,153
NET BOOK VALUE
At 31 March 2024 18,338
At 31 March 2023 21,575

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 68,166 -
Amounts owed by group undertakings 750 -
Other debtors 9,826 25,253
78,742 25,253

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 12,225 6,750
Hire purchase contracts 5,409 5,409
Trade creditors 2,554 16,809
Taxation and social security 74,745 48,760
Other creditors 8,011 3,829
102,944 81,557

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 42,004 48,498
Hire purchase contracts 8,002 13,411
50,006 61,909

8. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr Max Falzon by virtue of a major shareholding.