IRIS Accounts Production v24.3.0.553 05121174 director 1.6.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh051211742023-05-31051211742024-05-31051211742023-06-012024-05-31051211742022-05-31051211742022-06-012023-05-31051211742023-05-3105121174ns15:EnglandWales2023-06-012024-05-3105121174ns14:PoundSterling2023-06-012024-05-3105121174ns10:Director12023-06-012024-05-3105121174ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3105121174ns10:SmallEntities2023-06-012024-05-3105121174ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3105121174ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3105121174ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3105121174ns10:FullAccounts2023-06-012024-05-3105121174ns10:CompanySecretary12023-06-012024-05-3105121174ns10:RegisteredOffice2023-06-012024-05-3105121174ns5:CurrentFinancialInstruments2024-05-3105121174ns5:CurrentFinancialInstruments2023-05-3105121174ns5:ShareCapital2024-05-3105121174ns5:ShareCapital2023-05-3105121174ns5:RetainedEarningsAccumulatedLosses2024-05-3105121174ns5:RetainedEarningsAccumulatedLosses2023-05-3105121174ns5:PlantMachinery2023-06-012024-05-3105121174ns5:MotorVehicles2023-06-012024-05-3105121174ns5:ComputerEquipment2023-06-012024-05-3105121174ns5:PlantMachinery2023-05-3105121174ns5:MotorVehicles2023-05-3105121174ns5:ComputerEquipment2023-05-3105121174ns5:PlantMachinery2024-05-3105121174ns5:MotorVehicles2024-05-3105121174ns5:ComputerEquipment2024-05-3105121174ns5:PlantMachinery2023-05-3105121174ns5:MotorVehicles2023-05-3105121174ns5:ComputerEquipment2023-05-3105121174ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3105121174ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-31
REGISTERED NUMBER: 05121174 (England and Wales)












M.H. Electrical Controls Limited

Unaudited Financial Statements

for the Year Ended 31 May 2024






M.H. Electrical Controls Limited (Registered number: 05121174)






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




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


M.H. Electrical Controls Limited

Company Information
for the Year Ended 31 May 2024







Director: S B Merron





Secretary: Miss C A Lee





Registered office: Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ





Registered number: 05121174 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

M.H. Electrical Controls Limited (Registered number: 05121174)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 1,723 2,294

Current assets
Stocks 5 2,500 2,500
Debtors 6 1,237 6,004
Cash at bank 99,450 59,711
103,187 68,215
Creditors
Amounts falling due within one year 7 26,261 18,020
Net current assets 76,926 50,195
Total assets less current liabilities 78,649 52,489

Provisions for liabilities 372 435
Net assets 78,277 52,054

Capital and reserves
Called up share capital 1 1
Retained earnings 78,276 52,053
Shareholders' funds 78,277 52,054

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.H. Electrical Controls Limited (Registered number: 05121174)

Balance Sheet - continued
31 May 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 26 November 2024 and were signed by:





S B Merron - Director


M.H. Electrical Controls Limited (Registered number: 05121174)

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

1. Statutory information

M.H. Electrical Controls Limited 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.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

M.H. Electrical Controls Limited (Registered number: 05121174)

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

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4. Tangible fixed assets
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1 June 2023
and 31 May 2024 547 17,000 1,253 18,800
Depreciation
At 1 June 2023 522 14,731 1,253 16,506
Charge for year 4 567 - 571
At 31 May 2024 526 15,298 1,253 17,077
Net book value
At 31 May 2024 21 1,702 - 1,723
At 31 May 2023 25 2,269 - 2,294

5. Stocks
31.5.24 31.5.23
£    £   
Stock 2,500 2,500

6. Debtors: amounts falling due within one year
31.5.24 31.5.23
£    £   
Corporation tax recoverable - 5,436
Prepayments 1,237 568
1,237 6,004

7. Creditors: amounts falling due within one year
31.5.24 31.5.23
£    £   
Trade creditors 2,060 -
Corporation tax 16,434 12,174
VAT 5,844 3,455
Directors' current accounts 283 541
Accrued expenses 1,640 1,850
26,261 18,020