Silverfin false false 30/06/2024 01/07/2023 30/06/2024 A J Holborn 31/07/2015 M Holborn 06/04/2004 M Holborn 31/07/2015 M Holborn 06/04/2004 23 December 2024 The principal activity of the Company during the financial year was that of electrical contractors. 05096569 2024-06-30 05096569 bus:Director1 2024-06-30 05096569 bus:Director2 2024-06-30 05096569 bus:Director3 2024-06-30 05096569 bus:Director4 2024-06-30 05096569 2023-06-30 05096569 core:CurrentFinancialInstruments 2024-06-30 05096569 core:CurrentFinancialInstruments 2023-06-30 05096569 core:ShareCapital 2024-06-30 05096569 core:ShareCapital 2023-06-30 05096569 core:CapitalRedemptionReserve 2024-06-30 05096569 core:CapitalRedemptionReserve 2023-06-30 05096569 core:RetainedEarningsAccumulatedLosses 2024-06-30 05096569 core:RetainedEarningsAccumulatedLosses 2023-06-30 05096569 core:PlantMachinery 2023-06-30 05096569 core:Vehicles 2023-06-30 05096569 core:OfficeEquipment 2023-06-30 05096569 core:PlantMachinery 2024-06-30 05096569 core:Vehicles 2024-06-30 05096569 core:OfficeEquipment 2024-06-30 05096569 2023-07-01 2024-06-30 05096569 bus:FilletedAccounts 2023-07-01 2024-06-30 05096569 bus:SmallEntities 2023-07-01 2024-06-30 05096569 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 05096569 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05096569 bus:Director1 2023-07-01 2024-06-30 05096569 bus:Director2 2023-07-01 2024-06-30 05096569 bus:Director3 2023-07-01 2024-06-30 05096569 bus:Director4 2023-07-01 2024-06-30 05096569 core:PlantMachinery 2023-07-01 2024-06-30 05096569 core:Vehicles 2023-07-01 2024-06-30 05096569 core:OfficeEquipment core:TopRangeValue 2023-07-01 2024-06-30 05096569 2022-07-01 2023-06-30 05096569 core:OfficeEquipment 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Company No: 05096569 (England and Wales)

M HOLBORN ELECTRICAL CONTRACTOR LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

M HOLBORN ELECTRICAL CONTRACTOR LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

M HOLBORN ELECTRICAL CONTRACTOR LIMITED

BALANCE SHEET

As at 30 June 2024
M HOLBORN ELECTRICAL CONTRACTOR LIMITED

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 94,255 45,364
94,255 45,364
Current assets
Debtors 4 153,934 84,725
Cash at bank and in hand 205,162 232,779
359,096 317,504
Creditors: amounts falling due within one year 5 ( 183,637) ( 104,865)
Net current assets 175,459 212,639
Total assets less current liabilities 269,714 258,003
Provision for liabilities ( 23,564) ( 8,620)
Net assets 246,150 249,383
Capital and reserves
Called-up share capital 50,000 100,000
Capital redemption reserve 50,000 0
Profit and loss account 146,150 149,383
Total shareholders' funds 246,150 249,383

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of M Holborn Electrical Contractor Limited (registered number: 05096569) were approved and authorised for issue by the Board of Directors on 23 December 2024. They were signed on its behalf by:

M Holborn
Director
M HOLBORN ELECTRICAL CONTRACTOR LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
M HOLBORN ELECTRICAL CONTRACTOR LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

M Holborn Electrical Contractor Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery 15 % reducing balance
Vehicles 25 % reducing balance
Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 10 8

3. Tangible assets

Plant and machinery Vehicles Office equipment Total
£ £ £ £
Cost
At 01 July 2023 14,048 85,140 13,308 112,496
Additions 10,522 50,935 2,619 64,076
At 30 June 2024 24,570 136,075 15,927 176,572
Accumulated depreciation
At 01 July 2023 8,574 48,528 10,030 67,132
Charge for the financial year 1,376 11,835 1,974 15,185
At 30 June 2024 9,950 60,363 12,004 82,317
Net book value
At 30 June 2024 14,620 75,712 3,923 94,255
At 30 June 2023 5,474 36,612 3,278 45,364

4. Debtors

2024 2023
£ £
Trade debtors 145,939 80,134
Other debtors 7,995 4,591
153,934 84,725

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 101,231 64,814
Taxation and social security 78,452 29,642
Other creditors 3,954 10,409
183,637 104,865