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Registration number: 05109152

Multi-Building Services Power Installations Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2024

 

Multi-Building Services Power Installations Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 9

 

Multi-Building Services Power Installations Limited

(Registration number: 05109152)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

119,513

89,662

Current assets

 

Stocks

5

100,471

331,215

Debtors

6

658,317

498,959

Cash at bank and in hand

 

189,022

192,949

 

947,810

1,023,123

Creditors: Amounts falling due within one year

7

(338,833)

(474,024)

Net current assets

 

608,977

549,099

Total assets less current liabilities

 

728,490

638,761

Creditors: Amounts falling due after more than one year

7

(14,837)

(24,336)

Provisions for liabilities

10,622

3,436

Net assets

 

724,275

617,861

Capital and reserves

 

Called up share capital

111

111

Retained earnings

724,164

617,750

Shareholders' funds

 

724,275

617,861

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

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Multi-Building Services Power Installations Limited

(Registration number: 05109152)
Balance Sheet as at 30 April 2024

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 27 January 2025
 

N A Pocock
Director

   
     
 

Multi-Building Services Power Installations Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
86 Peppard Road
Sonning Common
Reading
South Oxfordshire
RG4 9RP

These financial statements were authorised for issue by the director on 27 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the company, and rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Multi-Building Services Power Installations Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the Balance Sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Fixtures and fittings

25% reducing balance

Motor vehicles

25% reducing balance

Office equipment

33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Multi-Building Services Power Installations Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Multi-Building Services Power Installations Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the year was 4 (2023 - 4).

 

Multi-Building Services Power Installations Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 May 2023

5,995

22,786

37,217

144,200

210,198

Additions

-

-

3,895

70,110

74,005

Disposals

(5,995)

-

-

(1,199)

(7,194)

At 30 April 2024

-

22,786

41,112

213,111

277,009

Depreciation

At 1 May 2023

5,224

20,147

30,310

64,856

120,537

Charge for the year

-

659

5,347

37,359

43,365

Eliminated on disposal

(5,224)

-

-

(1,182)

(6,406)

At 30 April 2024

-

20,806

35,657

101,033

157,496

Carrying amount

At 30 April 2024

-

1,980

5,455

112,078

119,513

At 30 April 2023

772

2,639

6,906

79,345

89,662

 

Multi-Building Services Power Installations Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

5

Stocks

2024
£

2023
£

Other inventories

100,471

331,215

6

Debtors

2024
£

2023
£

Trade debtors

236,722

323,528

Other debtors

16,916

170,468

Prepayments

7,281

4,963

Accrued income

397,398

-

658,317

498,959

7

Creditors

Due within one year

Note

2024
£

2023
£

 

Loans and borrowings

8

9,500

9,266

Trade creditors

 

14,545

99,235

Social security and other taxes

 

1,878

2,883

Other creditors

 

132,982

196,914

Accruals

 

12,449

5,650

Corporation tax liability

167,479

160,076

 

338,833

474,024

Due after one year

 

Loans and borrowings

8

14,837

24,336

 

Multi-Building Services Power Installations Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

14,837

24,336

Current loans and borrowings

2024
£

2023
£

Other borrowings

9,500

9,266

9

Related party transactions

Loans from related parties

2024

Key management
£

Total
£

At start of period

185,710

185,710

Advanced

94,894

94,894

Repaid

(150,619)

(150,619)

At end of period

129,985

129,985

2023

Key management
£

Total
£

At start of period

199,606

199,606

Advanced

143,435

143,435

Repaid

(157,331)

(157,331)

At end of period

185,710

185,710

Terms of loans from related parties

The loan is interest free and repayable on demand.