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REGISTERED NUMBER: 07203361 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

M & O Electrical Ltd

M & O Electrical Ltd (Registered number: 07203361)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M & O Electrical Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: J L Middleton
E J O'Shea
C R Clarke





REGISTERED OFFICE: Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW





REGISTERED NUMBER: 07203361 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

M & O Electrical Ltd (Registered number: 07203361)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 107,681 64,552

CURRENT ASSETS
Debtors 5 592,246 514,370
Cash at bank 350,519 309,736
942,765 824,106
CREDITORS
Amounts falling due within one year 6 (440,672 ) (399,848 )
NET CURRENT ASSETS 502,093 424,258
TOTAL ASSETS LESS CURRENT
LIABILITIES

609,774

488,810

PROVISIONS FOR LIABILITIES (24,217 ) (16,138 )
NET ASSETS 585,557 472,672

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 585,554 472,669
SHAREHOLDERS' FUNDS 585,557 472,672

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

The members have not required the company to obtain an audit of its financial statements for the year 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.

M & O Electrical Ltd (Registered number: 07203361)

Balance Sheet - 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 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 3 June 2025 and were signed on its behalf by:




J L Middleton - Director E J O'Shea - Director




C R Clarke - Director


M & O Electrical Ltd (Registered number: 07203361)

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

1. STATUTORY INFORMATION

M & O Electrical Ltd 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 is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

Construction contracts
When the outcome of a construction contract can be estimated reliably, contract costs and turnover are recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to costs incurred for work performed to date bear to the estimated total costs.

Where the outcome cannot be measured reliably, contract costs are recognised as an expense in the period in which they are incurred and contract turnover is recognised to the extent of costs incurred that it is probable will be recoverable.

When it is probable that contract costs will exceed the total contract turnover, the expected loss is recognised as an expense immediately, with a corresponding provision.

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

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.

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.

M & O Electrical Ltd (Registered number: 07203361)

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

2. ACCOUNTING POLICIES - continued

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 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 - 98,200 2,770 100,970
Additions 1,950 80,981 - 82,931
Disposals - (25,125 ) - (25,125 )
At 31 December 2024 1,950 154,056 2,770 158,776
DEPRECIATION
At 1 January 2024 - 33,648 2,770 36,418
Charge for year 58 31,244 - 31,302
Eliminated on disposal - (16,625 ) - (16,625 )
At 31 December 2024 58 48,267 2,770 51,095
NET BOOK VALUE
At 31 December 2024 1,892 105,789 - 107,681
At 31 December 2023 - 64,552 - 64,552

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 530,090 421,987
Amounts recoverable on contract 29,553 68,124
Other debtors 32,603 24,259
592,246 514,370

Other debtors includes prepayments and accrued income of £1,233 (2023: £967).

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 278,376 296,720
Taxation and social security 86,337 58,961
Other creditors 75,959 44,167
440,672 399,848

Other creditors includes accruals and deferred income of £73,467 (2023: £35,079).

M & O Electrical Ltd (Registered number: 07203361)

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

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
C R Clarke
Balance outstanding at start of year - -
Amounts advanced - 5,178
Amounts repaid - (5,178 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Interest was charged on the above loan at HM Revenue and Customs official rate. The loan was repayable on demand.