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Registered number: 04870102
Moxom Electrical Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Accountant's Report
Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of Moxom Electrical Limited For The Year Ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Moxom Electrical Limited For The Year Ended 31 August 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Moxom Electrical Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Moxom Electrical Limited and state those matters that we have agreed to state to the directors of Moxom Electrical Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Moxom Electrical Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that Moxom Electrical Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Moxom Electrical Limited . You consider that Moxom Electrical Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Moxom Electrical Limited . 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 financial statements.
Signed
8 April 2025
The Alanbrookes Group Ltd t/a J S Weeks & Co
Chartered Accountants
10 Market Place
Devizes, Wiltshire
SN10 1HT
Page 1
Page 2
Balance Sheet
Registered number: 04870102
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 49,402 33,230
49,402 33,230
CURRENT ASSETS
Stocks 5 800 5,663
Debtors 6 8,415 4,757
Cash at bank and in hand 43,461 38,256
52,676 48,676
Creditors: Amounts Falling Due Within One Year 7 (79,084 ) (70,659 )
NET CURRENT ASSETS (LIABILITIES) (26,408 ) (21,983 )
TOTAL ASSETS LESS CURRENT LIABILITIES 22,994 11,247
Creditors: Amounts Falling Due After More Than One Year 8 (14,149 ) (10,878 )
NET ASSETS 8,845 369
CAPITAL AND RESERVES
Called up share capital 10 101 101
Profit and Loss Account 8,744 268
SHAREHOLDERS' FUNDS 8,845 369
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Page 3
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Paul Moxom
Director
8 April 2025
The notes on pages 4 to 7 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Moxom Electrical Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04870102 . The registered office is 33 Queens Road, Devizes, Wiltshire, SN10 5HW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% reducing balance
Motor Vehicles 20% reducing balance
Computer Equipment 20% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2023 13,165 53,379 1,863 68,407
Additions - 37,516 - 37,516
Disposals - (28,079 ) - (28,079 )
As at 31 August 2024 13,165 62,816 1,863 77,844
...CONTINUED
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Depreciation
As at 1 September 2023 9,863 23,939 1,375 35,177
Provided during the period 495 11,551 98 12,144
Disposals - (18,879 ) - (18,879 )
As at 31 August 2024 10,358 16,611 1,473 28,442
Net Book Value
As at 31 August 2024 2,807 46,205 390 49,402
As at 1 September 2023 3,302 29,440 488 33,230
5. Stocks
2024 2023
£ £
Work in progress 800 5,663
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 6,231 456
Prepayments 2,184 4,301
8,415 4,757
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 6,942 2,958
Trade creditors 7,720 7,369
Bank loans and overdrafts 3,400 3,400
Other creditors 39,751 40,699
Taxation and social security 21,271 16,233
79,084 70,659
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 11,601 4,930
Bank loans 2,548 5,948
14,149 10,878
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9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 6,942 2,958
Later than one year and not later than five years 11,601 4,930
18,543 7,888
18,543 7,888
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 101 101
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