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REGISTERED NUMBER: 15060039 (England and Wales)















MC ELECTRICAL WHOLESALE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

9 AUGUST 2023 TO 31 DECEMBER 2024






MC ELECTRICAL WHOLESALE LIMITED (REGISTERED NUMBER: 15060039)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 9 AUGUST 2023 TO 31 DECEMBER 2024




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6


MC ELECTRICAL WHOLESALE LIMITED

COMPANY INFORMATION
FOR THE PERIOD 9 AUGUST 2023 TO 31 DECEMBER 2024







DIRECTORS: M P Courtman
Mrs A L Courtman





REGISTERED OFFICE: 20 Harvey Street
Melton Mowbray
Leicestershire
LE13 1DD





REGISTERED NUMBER: 15060039 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
26 Park Road
Melton Mowbray
Leicestershire
LE13 1TT

MC ELECTRICAL WHOLESALE LIMITED (REGISTERED NUMBER: 15060039)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 13,339

CURRENT ASSETS
Inventories 47,307
Debtors 5 127,012
Cash at bank 31,967
206,286
CREDITORS
Amounts falling due within one year 6 149,483
NET CURRENT ASSETS 56,803
TOTAL ASSETS LESS CURRENT
LIABILITIES

70,142

CREDITORS
Amounts falling due after more than
one year

7

(8,680

)

PROVISIONS FOR LIABILITIES (3,119 )
NET ASSETS 58,343

CAPITAL AND RESERVES
Called up share capital 9 100
Retained earnings 58,243
SHAREHOLDERS' FUNDS 58,343

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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.

MC ELECTRICAL WHOLESALE LIMITED (REGISTERED NUMBER: 15060039)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2024


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 1 May 2025 and were signed on its behalf by:





M P Courtman - Director


MC ELECTRICAL WHOLESALE LIMITED (REGISTERED NUMBER: 15060039)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 9 AUGUST 2023 TO 31 DECEMBER 2024

1. STATUTORY INFORMATION

Mc Electrical Wholesale 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33.3% on cost, 25% on reducing balance and 20% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Inventories
Inventories are valued at the lower of cost and fair value less costs to complete and sell and after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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 statement of financial position date.


MC ELECTRICAL WHOLESALE LIMITED (REGISTERED NUMBER: 15060039)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 9 AUGUST 2023 TO 31 DECEMBER 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 statement of financial position 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
Additions 18,189
At 31 December 2024 18,189
DEPRECIATION
Charge for period 4,850
At 31 December 2024 4,850
NET BOOK VALUE
At 31 December 2024 13,339

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 119,856
Prepayments 7,156
127,012

MC ELECTRICAL WHOLESALE LIMITED (REGISTERED NUMBER: 15060039)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 9 AUGUST 2023 TO 31 DECEMBER 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Hire purchase contracts 2,209
Trade creditors 36,463
Taxation 14,309
Other taxes and social security 9,521
Other creditors 6,029
Directors' current accounts 78,452
Accrued expenses 2,500
149,483

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Hire purchase contracts 8,680

8. SECURED DEBTS

The following secured debts are included within creditors:

£   
Hire purchase contracts 10,889

Hire purchase creditors are secured over the assets to which they relate.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1 100

100 Ordinary shares of £1 were issued during the period for cash of £ 100 .

10. OTHER FINANCIAL COMMITMENTS

The company has commitments due as follows:

2024
£
Due in less than one year16,200
Due between two and five years27,000
43,200