Registered number
07627666
MVL Electrical Limited
Filleted Accounts
30 April 2024
MVL Electrical Limited
Registered number: 07627666
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 907 1,287
Current assets
Debtors 4 46,171 41,713
Cash at bank and in hand 46,698 1,847
92,869 43,560
Creditors: amounts falling due within one year 5 (62,695) (43,637)
Net current assets/(liabilities) 30,174 (77)
Net assets 31,081 1,210
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 30,081 210
Shareholders' funds 31,081 1,210
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr M Lyonette
Director
Approved by the board on 16 September 2024
MVL Electrical Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023 2,964
At 30 April 2024 2,964
Depreciation
At 1 May 2023 1,677
Charge for the year 380
At 30 April 2024 2,057
Net book value
At 30 April 2024 907
At 30 April 2023 1,287
4 Debtors 2024 2023
£ £
Trade debtors 44,379 19,338
Other debtors 1,792 22,375
46,171 41,713
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 61,795 42,737
Other creditors 900 900
62,695 43,637
6 Other information
MVL Electrical Limited is a private company limited by shares and incorporated in England. Its registered office is:
Meadowcroft Hoofield Lane
Huxley
Chester
CH3 9BR
MVL Electrical Limited 07627666 false 2023-05-01 2024-04-30 2024-04-30 VT Final Accounts July 2024 Mr M Lyonette No description of principal activity 07627666 2022-05-01 2023-04-30 07627666 core:WithinOneYear 2023-04-30 07627666 core:ShareCapital 2023-04-30 07627666 core:RetainedEarningsAccumulatedLosses 2023-04-30 07627666 2023-05-01 2024-04-30 07627666 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 07627666 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 07627666 bus:Director40 2023-05-01 2024-04-30 07627666 1 2023-05-01 2024-04-30 07627666 2 2023-05-01 2024-04-30 07627666 core:PlantMachinery 2023-05-01 2024-04-30 07627666 countries:England 2023-05-01 2024-04-30 07627666 bus:FRS102 2023-05-01 2024-04-30 07627666 bus:FilletedAccounts 2023-05-01 2024-04-30 07627666 2024-04-30 07627666 core:WithinOneYear 2024-04-30 07627666 core:ShareCapital 2024-04-30 07627666 core:RetainedEarningsAccumulatedLosses 2024-04-30 07627666 core:PlantMachinery 2024-04-30 07627666 2023-04-30 07627666 core:PlantMachinery 2023-04-30 iso4217:GBP xbrli:pure