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REGISTERED NUMBER: 06925235 (England and Wales)
















Financial Statements

for the Year Ended 31 July 2024

for

Meko Electrical Services Limited

Meko Electrical Services Limited (Registered number: 06925235)

Contents of the Financial Statements
for the Year Ended 31 July 2024










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


Meko Electrical Services Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: M A Lusty
Mrs K Lusty





SECRETARY: M A Lusty





REGISTERED OFFICE: High Tors
Upper Kitesnest Lane
Whiteshill
Stroud
Gloucestershire
GL6 6BH





REGISTERED NUMBER: 06925235 (England and Wales)





ACCOUNTANTS: GCSD Accountants Limited
701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT

Meko Electrical Services Limited

Report of the Accountants to the Directors of
Meko Electrical Services 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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements and state those matters that we have agreed to state to the Board of Directors, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the Company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit. You consider that the Company is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of the Company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






GCSD Accountants Limited


23 December 2024

Meko Electrical Services Limited (Registered number: 06925235)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 77,314 68,989

CURRENT ASSETS
Stocks 6,413 45,480
Debtors 5 191,724 274,095
Cash at bank and in hand 64,511 37,917
262,648 357,492
CREDITORS
Amounts falling due within one year 6 203,501 235,972
NET CURRENT ASSETS 59,147 121,520
TOTAL ASSETS LESS CURRENT
LIABILITIES

136,461

190,509

CREDITORS
Amounts falling due after more than
one year

7

(64,611

)

(73,982

)

PROVISIONS FOR LIABILITIES (18,938 ) (16,832 )
NET ASSETS 52,912 99,695

Meko Electrical Services Limited (Registered number: 06925235)

Balance Sheet - continued
31 July 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 52,902 99,685
SHAREHOLDERS' FUNDS 52,912 99,695

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2024 and were signed on its behalf by:





M A Lusty - Director


Meko Electrical Services Limited (Registered number: 06925235)

Notes to the Financial Statements
for the Year Ended 31 July 2024


1. STATUTORY INFORMATION

Meko Electrical Services 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.

Turnover
Turnover represents goods and services invoiced, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Meko Electrical Services Limited (Registered number: 06925235)

Notes to the Financial Statements - continued
for the Year Ended 31 July 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 13 (2023 - 12 ) .

Meko Electrical Services Limited (Registered number: 06925235)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2023 3,994 4,089 103,645 20,072 131,800
Additions 3,100 299 22,495 3,399 29,293
Disposals - - (12,000 ) - (12,000 )
At 31 July 2024 7,094 4,388 114,140 23,471 149,093
DEPRECIATION
At 1 August 2023 3,504 3,211 40,887 15,209 62,811
Charge for year 832 282 17,053 1,850 20,017
Eliminated on disposal - - (11,049 ) - (11,049 )
At 31 July 2024 4,336 3,493 46,891 17,059 71,779
NET BOOK VALUE
At 31 July 2024 2,758 895 67,249 6,412 77,314
At 31 July 2023 490 878 62,758 4,863 68,989

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 161,975 255,493
Other debtors 29,749 18,602
191,724 274,095

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts and finance leases (see note 8)
21,194

16,755
Trade creditors 69,566 165,309
Taxation and social security 26,941 42,965
Other creditors 75,800 943
203,501 235,972

Meko Electrical Services Limited (Registered number: 06925235)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 11,665 21,667
Hire purchase contracts and finance leases (see note 8)
52,946

52,315
64,611 73,982

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase
contracts
Finance leases
2024 2023 2024 2023
£    £    £    £   
Net obligations repayable:
Within one year 15,340 10,901 5,854 5,854
Between one and five years 45,141 38,657 7,805 13,658
60,481 49,558 13,659 19,512

Non-cancellable operating leases
2024 2023
£    £   
Within one year 22,332 3,476
Between one and five years 27,268 -
49,600 3,476

Meko Electrical Services Limited (Registered number: 06925235)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
M A Lusty
Balance outstanding at start of year 5,936 -
Amounts advanced 21,249 15,036
Amounts repaid (21,628 ) (9,100 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,557 5,936

Mrs K Lusty
Balance outstanding at start of year 8,036 3,259
Amounts advanced 26,474 13,277
Amounts repaid (26,628 ) (8,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,882 8,036