Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-302023-07-01falseelectrical contracting services22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04232864 2023-07-01 2024-06-30 04232864 2022-07-01 2023-06-30 04232864 2024-06-30 04232864 2023-06-30 04232864 2022-07-01 04232864 c:Director1 2023-07-01 2024-06-30 04232864 d:Buildings d:LongLeaseholdAssets 2023-07-01 2024-06-30 04232864 d:PlantMachinery 2023-07-01 2024-06-30 04232864 d:MotorVehicles 2023-07-01 2024-06-30 04232864 d:FurnitureFittings 2023-07-01 2024-06-30 04232864 d:OtherPropertyPlantEquipment 2024-06-30 04232864 d:OtherPropertyPlantEquipment 2023-06-30 04232864 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 04232864 d:CurrentFinancialInstruments 2024-06-30 04232864 d:CurrentFinancialInstruments 2023-06-30 04232864 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 04232864 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 04232864 d:ShareCapital 2024-06-30 04232864 d:ShareCapital 2023-06-30 04232864 d:RetainedEarningsAccumulatedLosses 2024-06-30 04232864 d:RetainedEarningsAccumulatedLosses 2023-06-30 04232864 c:OrdinaryShareClass1 2023-07-01 2024-06-30 04232864 c:OrdinaryShareClass1 2024-06-30 04232864 c:FRS102 2023-07-01 2024-06-30 04232864 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 04232864 c:FullAccounts 2023-07-01 2024-06-30 04232864 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04232864 d:TaxLossesCarry-forwardsDeferredTax 2024-06-30 04232864 d:TaxLossesCarry-forwardsDeferredTax 2023-06-30 04232864 2 2023-07-01 2024-06-30 04232864 e:PoundSterling 2023-07-01 2024-06-30 04232864 d:EntityControlledByKeyManagementPersonnel1 2023-07-01 2024-06-30 04232864 d:EntityControlledByKeyManagementPersonnel1 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04232864









MORCOM WOODLEY ELECTRICAL SERVICES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
MORCOM WOODLEY ELECTRICAL SERVICES LIMITED
REGISTERED NUMBER: 04232864

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024


2024

2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
1,860
2,188

Current assets
  

Debtors: amounts falling due within one year
 5 
54,841
47,426

Cash at bank and in hand
 6 
55,211
68,479

  
110,052
115,905

Creditors: amounts falling due within one year
 7 
(112,892)
(114,575)

Net current (liabilities)/assets
  
 
 
(2,840)
 
 
1,330

  

Net (liabilities)/assets
  
(980)
3,518


Capital and reserves
  

Called up share capital 
 9 
200
200

Profit and loss account
  
(1,180)
3,318

  
(980)
3,518


Page 1

 
MORCOM WOODLEY ELECTRICAL SERVICES LIMITED
REGISTERED NUMBER: 04232864
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the Statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 March 2025.



E W Payne
Director


The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
MORCOM WOODLEY ELECTRICAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Morcom Woodley Electrical Services Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is 3 Brook Business Centre, Cowley Mill Road, Uxbridge, Middlesex, UB8 2FX.
The principal activity of the company continues to be that of providing electrical contracting services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

  
2.2

Going concern

The financial statements have been prepared on a going concern basis, notwithstanding the net liabilities of £980 (2023 - £3,518 net assets), which the directors believe to be appropriate for the following reasons.
 
The parent company Morcom Woodley Holdings Limited was owed £106,430 
(2023 - £107,454) as at the Statement of financial position date. The parent company has provided the company with confirmation that they will continue to fund the development project and will not seek repayment of the loan until such a time as the company has sufficient funds to do so. On the above basis, the directors consider that the preparation of the financial statements on a going concern basis is appropriate.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
MORCOM WOODLEY ELECTRICAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following bases:

Leasehold Improvements
-
25%
on cost
Plant & Machinery
-
15%
on cost
Motor Vehicles
-
25%
on cost
Fixtures & Fittings
-
15%
on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of comprehensive income .

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of comprehensive income on a straight-line basis over the lease term.

 
2.9

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

Page 4

 
MORCOM WOODLEY ELECTRICAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.10

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of comprehensive income except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).



Page 5

 
MORCOM WOODLEY ELECTRICAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





Other fixed assets

£



Cost


At 1 July 2023
32,020



At 30 June 2024

32,020



Depreciation


At 1 July 2023
29,832


Charge for the year
328



At 30 June 2024

30,160



Net book value



At 30 June 2024
1,860



At 30 June 2023
2,188


5.


Debtors

2024
2023
£
£


Trade debtors
13,518
9,037

Other debtors
1,749
-

Deferred taxation
39,574
38,389

54,841
47,426



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
55,211
68,479

55,211
68,479


Page 6

 
MORCOM WOODLEY ELECTRICAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,591
251

Amounts owed to group undertakings
106,430
107,454

Other taxation and social security
-
2,051

Other creditors
871
819

Accruals and deferred income
4,000
4,000

112,892
114,575



8.


Deferred taxation




2024
2023


£

£






At beginning of year
38,389
39,539


Credited/(charged) to the Statement of comprehensive income
1,185
(1,150)



At end of year
39,574
38,389

The deferred tax asset is made up as follows:

2024
2023
£
£


Tax losses carried forward
39,574
38,389

39,574
38,389

Page 7

 
MORCOM WOODLEY ELECTRICAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



200 Ordinary shares of £1 each
200
200



10.


Transactions with directors

Included within trade debtors is an amount due from a director of £348 (2023 - £600).


11.


Related party transactions

The company has taken advantage allowed by Financial Reporting Standard 102, not to disclose any transactions with other wholly owned members of the group.


12.


Ultimate parent undertaking and controlling party

The ultimate parent company is Morcom Woodley Holdings Limited. The controlling party is M E Payne by virtue of her shareholding in the parent company. 

 
Page 8