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Company Registration No. 06578642 (England and Wales)
Mealey Electrical Contractors Limited Unaudited accounts for the year ended 31 March 2024
Mealey Electrical Contractors Limited Unaudited accounts Contents
Page
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Mealey Electrical Contractors Limited Company Information for the year ended 31 March 2024
Director
Patrick Mealey
Company Number
06578642 (England and Wales)
Registered Office
Unit 79, Waterside Road Hamilton Industrial Estate, Hamilton Leicester LE5 1TL
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Mealey Electrical Contractors Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
382,836 
414,971 
Current assets
Inventories
6,000 
3,000 
Debtors
562,924 
878,987 
Cash at bank and in hand
58,377 
214,043 
627,301 
1,096,030 
Creditors: amounts falling due within one year
(147,599)
(480,586)
Net current assets
479,702 
615,444 
Total assets less current liabilities
862,538 
1,030,415 
Provisions for liabilities
Deferred tax
(18,526)
(24,423)
Net assets
844,012 
1,005,992 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
843,912 
1,005,892 
Shareholders' funds
844,012 
1,005,992 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 October 2024 and were signed on its behalf by
Patrick Mealey Director Company Registration No. 06578642
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Mealey Electrical Contractors Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Mealey Electrical Contractors Limited is a private company, limited by shares, registered in England and Wales, registration number 06578642. The registered office is Unit 79, Waterside Road, Hamilton Industrial Estate, Hamilton, Leicester, LE5 1TL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
70,000 
At 31 March 2024
70,000 
Amortisation
At 1 April 2023
70,000 
At 31 March 2024
70,000 
Net book value
At 31 March 2024
- 
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Mealey Electrical Contractors Limited Notes to the Accounts for the year ended 31 March 2024
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
286,431 
75,402 
203,435 
565,268 
At 31 March 2024
286,431 
75,402 
203,435 
565,268 
Depreciation
At 1 April 2023
- 
37,499 
112,798 
150,297 
Charge for the year
- 
9,476 
22,659 
32,135 
At 31 March 2024
- 
46,975 
135,457 
182,432 
Net book value
At 31 March 2024
286,431 
28,427 
67,978 
382,836 
At 31 March 2023
286,431 
37,903 
90,637 
414,971 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
26,140 
79,134 
Trade debtors
184,244 
459,462 
Amounts due from group undertakings etc.
270,733 
256,533 
Accrued income and prepayments
2,618 
2,817 
Other debtors
79,189 
81,041 
562,924 
878,987 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
- 
12,679 
Trade creditors
127,013 
367,006 
Taxes and social security
11,442 
80,509 
Other creditors
6,519 
17,892 
Accruals
2,625 
2,500 
147,599 
480,586 
8
Average number of employees
During the year the average number of employees was 15 (2023: 16).
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