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REGISTERED NUMBER: 11498252 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Moorelec Electrical Contractors Limited

Moorelec Electrical Contractors Limited (Registered number: 11498252)

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










Page

Balance Sheet 1

Notes to the Financial Statements 3


Moorelec Electrical Contractors Limited (Registered number: 11498252)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £ £
Fixed assets
Tangible assets 5 30,228 38,573

Current assets
Debtors 6 35,747 63,597
Cash at bank 35,506 38,129
71,253 101,726
Creditors
Amounts falling due within one year 7 (38,955 ) (74,057 )
Net current assets 32,298 27,669
Total assets less current liabilities 62,526 66,242

Provisions for liabilities (5,402 ) (6,044 )
Net assets 57,124 60,198

Capital and reserves
Called up share capital 100 100
Retained earnings 57,024 60,098
57,124 60,198

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Moorelec Electrical Contractors Limited (Registered number: 11498252)

Balance Sheet - continued
31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by:





Mr S Moore - Director


Moorelec Electrical Contractors Limited (Registered number: 11498252)

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


1. Statutory information

Moorelec Electrical Contractors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11498252

Registered office: 22-26 King Street
King's Lynn
Norfolk
PE30 1HJ

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership
have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be
measured reliably; it is probable that the associated economic benefits will flow to the entity; and
the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Moorelec Electrical Contractors Limited (Registered number: 11498252)

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


3. Accounting policies - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 15% p.a. reducing balance
Fixtures and fittings - 15% p.a. reducing balance
Motor vehicles - 25% p.a. reducing balance
Office equipmt - 15% p.a. reducing balance

Tangible assets are initially recorded at cost, and subsequently stated at cost less any
accumulated depreciation and impairment losses.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Moorelec Electrical Contractors Limited (Registered number: 11498252)

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


3. Accounting policies - continued

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. Employees and directors

The average number of employees during the year was 2 (2023 - 4 ) .

Moorelec Electrical Contractors Limited (Registered number: 11498252)

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


5. Tangible fixed assets
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipmt Totals
£ £ £ £ £
Cost
At 1 September 2023 5,765 669 36,369 4,292 47,095
Additions - 625 - - 625
At 31 August 2024 5,765 1,294 36,369 4,292 47,720
Depreciation
At 1 September 2023 1,713 - 5,303 1,506 8,522
Charge for year 608 178 7,766 418 8,970
At 31 August 2024 2,321 178 13,069 1,924 17,492
Net book value
At 31 August 2024 3,444 1,116 23,300 2,368 30,228
At 31 August 2023 4,052 669 31,066 2,786 38,573

6. Debtors: amounts falling due within one year
31.8.24 31.8.23
£ £
Trade debtors 32,385 52,097
Other debtors 3,362 11,500
35,747 63,597

7. Creditors: amounts falling due within one year
31.8.24 31.8.23
£ £
Trade creditors 13,599 40,746
Taxation and social security 3,112 26
Other creditors 22,244 33,285
38,955 74,057

Moorelec Electrical Contractors Limited (Registered number: 11498252)

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


8. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.8.24 31.8.23
£ £
Within one year - 806

9. Related party disclosures

During the year there were net transactions with the directors of £12,820 (2023: £16,921). As at the
balance sheet date, the company, owed the directors £18,792 (2023: £29,613).

No further transactions with related parties were undertaken such as are required to be disclosed
under FRS 102 Section 1A.