1 April 2023 false No description of principal activity Taxfiler 2024.6 11255104business:PrivateLimitedCompanyLtd2023-04-012024-03-31 112551042023-03-31 112551042023-04-012024-03-31 11255104business:AuditExempt-NoAccountantsReport2023-04-012024-03-31 11255104business:FilletedAccounts2023-04-012024-03-31 112551042024-03-31 11255104business:Director12023-04-012024-03-31 11255104business:Director22023-04-012024-03-31 11255104business:RegisteredOffice2023-04-012024-03-31 112551042023-03-31 11255104core:WithinOneYear2024-03-31 11255104core:WithinOneYear2023-03-31 11255104core:AfterOneYear2024-03-31 11255104core:AfterOneYear2023-03-31 11255104core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 11255104core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 11255104core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 11255104core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 11255104core:PreviouslyStatedAmount2024-03-31 11255104core:PreviouslyStatedAmount2023-03-31 11255104business:SmallEntities2023-04-012024-03-31 11255104countries:EnglandWales2023-04-012024-03-31 11255104core:MotorVehicles2023-03-31 11255104core:ComputerEquipment2023-03-31 11255104core:MotorVehicles2024-03-31 11255104core:ComputerEquipment2024-03-31 11255104core:MotorVehicles2023-04-012024-03-31 11255104core:ComputerEquipment2023-04-012024-03-31 11255104business:OrdinaryShareClass12023-04-012024-03-31 11255104business:OrdinaryShareClass12022-04-012023-03-31 112551042022-04-012023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 11255104 (England and Wales)
M Taylor Electrical Services Limited Unaudited accounts for the year ended 31 March 2024
M Taylor Electrical Services Limited Unaudited accounts Contents
Page
- 2 -
M Taylor Electrical Services Limited Company Information for the year ended 31 March 2024
Directors
Myles Taylor Tanya Martin-Whitticombe
Company Number
11255104 (England and Wales)
Registered Office
20 Meadow Mead Frampton Cotterell Bristol BS36 2BE England
Accountants
Rock Accountancy Limited 62 Oakdale Road Bristol BS16 6EA
- 3 -
M Taylor Electrical Services Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
322 
455 
Current assets
Debtors
18,434 
10,880 
Cash at bank and in hand
3,341 
18,909 
21,775 
29,789 
Creditors: amounts falling due within one year
(7,437)
(12,723)
Net current assets
14,338 
17,066 
Total assets less current liabilities
14,660 
17,521 
Creditors: amounts falling due after more than one year
(4,649)
(6,634)
Net assets
10,011 
10,887 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
10,009 
10,885 
Shareholders' funds
10,011 
10,887 
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 directors acknowledge their 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 of Directors and authorised for issue on 26 December 2024 and were signed on its behalf by
Myles Taylor Director Company Registration No. 11255104
- 4 -
M Taylor Electrical Services Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
M Taylor Electrical Services Limited is a private company, limited by shares, registered in England and Wales, registration number 11255104. The registered office is 20 Meadow Mead, Frampton Cotterell, Bristol, BS36 2BE, England.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
18,532 
839 
19,371 
At 31 March 2024
18,532 
839 
19,371 
Depreciation
At 1 April 2023
18,532 
384 
18,916 
Charge for the year
- 
133 
133 
At 31 March 2024
18,532 
517 
19,049 
Net book value
At 31 March 2024
- 
322 
322 
At 31 March 2023
- 
455 
455 
- 5 -
M Taylor Electrical Services Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
12,219 
1,659 
Other debtors
6,215 
9,221 
18,434 
10,880 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
2,011 
2,855 
Obligations under finance leases and hire purchase contracts
- 
3,595 
Trade creditors
- 
30 
Taxes and social security
5,426 
6,243 
7,437 
12,723 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
4,649 
6,634 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 6 -