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REGISTERED NUMBER: 03714509 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

J. MEMOLI (ELECTRICAL INSTALLATIONS)
LIMITED

J. MEMOLI (ELECTRICAL INSTALLATIONS)
LIMITED (REGISTERED NUMBER: 03714509)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

J. MEMOLI (ELECTRICAL INSTALLATIONS)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: J Memoli
Mrs C.E.A. Memoli





SECRETARY: Mrs C.E.A. Memoli





REGISTERED OFFICE: Peerless House
Talbot Road
Wellingborough
Northamptonshire
NN8 1QH





REGISTERED NUMBER: 03714509 (England and Wales)





ACCOUNTANTS: Longstaff, Gentle & Co
61 Harpur Street
Bedford
Bedfordshire
MK40 2SR

J. MEMOLI (ELECTRICAL INSTALLATIONS)
LIMITED (REGISTERED NUMBER: 03714509)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,274 56,344
Investment property 5 280,000 420,000
325,274 476,344

CURRENT ASSETS
Stocks 22,183 10,213
Debtors 6 185,496 191,130
Cash at bank 12,164 11,253
219,843 212,596
CREDITORS
Amounts falling due within one year 7 142,651 290,056
NET CURRENT ASSETS/(LIABILITIES) 77,192 (77,460 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

402,466

398,884

CREDITORS
Amounts falling due after more than one
year

8

(22,182

)

(30,281

)

PROVISIONS FOR LIABILITIES (1,950 ) -
NET ASSETS 378,334 368,603

CAPITAL AND RESERVES
Called up share capital 1,100 1,100
Retained earnings 377,234 367,503
SHAREHOLDERS' FUNDS 378,334 368,603

J. MEMOLI (ELECTRICAL INSTALLATIONS)
LIMITED (REGISTERED NUMBER: 03714509)

BALANCE SHEET - continued
30 APRIL 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 January 2025 and were signed on its behalf by:





J Memoli - Director


J. MEMOLI (ELECTRICAL INSTALLATIONS)
LIMITED (REGISTERED NUMBER: 03714509)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

J. Memoli (Electrical Installations) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 20% on reducing balance and 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


J. MEMOLI (ELECTRICAL INSTALLATIONS)
LIMITED (REGISTERED NUMBER: 03714509)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 164,791
DEPRECIATION
At 1 May 2023 108,447
Charge for year 11,070
At 30 April 2024 119,517
NET BOOK VALUE
At 30 April 2024 45,274
At 30 April 2023 56,344

J. MEMOLI (ELECTRICAL INSTALLATIONS)
LIMITED (REGISTERED NUMBER: 03714509)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 79,546
DEPRECIATION
At 1 May 2023 25,182
Charge for year 8,814
At 30 April 2024 33,996
NET BOOK VALUE
At 30 April 2024 45,550
At 30 April 2023 54,364

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 420,000
Disposals (140,304 )
Revaluations 304
At 30 April 2024 280,000
NET BOOK VALUE
At 30 April 2024 280,000
At 30 April 2023 420,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2024 280,000

J. MEMOLI (ELECTRICAL INSTALLATIONS)
LIMITED (REGISTERED NUMBER: 03714509)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. INVESTMENT PROPERTY - continued

If investment properties had not been revalued they would have been included at the following historical cost:

30.4.24 30.4.23
£    £   
Cost 254,635 381,683

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 182,142 187,911
Other debtors 3,354 3,219
185,496 191,130

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 8,599 10,344
Trade creditors 28,941 43,623
Taxation and social security 34,103 12,596
Other creditors 71,008 223,493
142,651 290,056

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 22,182 30,281

9. RELATED PARTY DISCLOSURES

The Company has operated from premises owned by the directors/shareholders for which a rental of £9000 was charged (2023 - £10000).








J. MEMOLI (ELECTRICAL INSTALLATIONS)
LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
J. MEMOLI (ELECTRICAL INSTALLATIONS)
LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2024 set out on pages three to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Longstaff, Gentle & Co
61 Harpur Street
Bedford
Bedfordshire
MK40 2SR


22 January 2025