Company Registration No. 13041806 (England and Wales)
MH ELECTRICAL CONTRACTORS NE LTD
Unaudited accounts
for the year ended 30 November 2024
MH ELECTRICAL CONTRACTORS NE LTD
Unaudited accounts
Contents
MH ELECTRICAL CONTRACTORS NE LTD
Company Information
for the year ended 30 November 2024
Directors
Marc Robert Hume
Jonathan McEnaney
Lee Hume
Company Number
13041806 (England and Wales)
Registered Office
Unit 29 Brenkley Way
Blezard Business Park
Seaton Burn
Newcastle upon Tyne
Tyne and Wear
NE13 6DS
England
Accountants
DN Accounting Services
30 Park Lea
East Herrington
Sunderland
Tyne and Wear
SR3 3TA
MH ELECTRICAL CONTRACTORS NE LTD
Statement of financial position
as at 30 November 2024
Tangible assets
303,705
133,133
Investment property
58,333
-
Cash at bank and in hand
180,358
27,649
Creditors: amounts falling due within one year
(1,629,706)
(582,355)
Net current assets
44,737
238,148
Total assets less current liabilities
406,775
371,281
Creditors: amounts falling due after more than one year
(252,763)
(121,539)
Net assets
154,012
249,742
Called up share capital
100
100
Revaluation reserve
25,333
-
Profit and loss account
128,579
249,642
Shareholders' funds
154,012
249,742
For the year ending 30 November 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 June 2025 and were signed on its behalf by
Marc Robert Hume
Director
Company Registration No. 13041806
MH ELECTRICAL CONTRACTORS NE LTD
Notes to the Accounts
for the year ended 30 November 2024
MH ELECTRICAL CONTRACTORS NE LTD is a private company, limited by shares, registered in England and Wales, registration number 13041806. The registered office is Unit 29 Brenkley Way, Blezard Business Park, Seaton Burn, Newcastle upon Tyne, Tyne and Wear, NE13 6DS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Depreciate over four years, straight line method.
Fixtures & fittings
Depreciate over three years, straight line method.
Computer equipment
Depreciate over three years, straight line method.
MH ELECTRICAL CONTRACTORS NE LTD
Notes to the Accounts
for the year ended 30 November 2024
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2023
244,712
3,444
4,082
252,238
Additions
252,955
13,643
4,886
271,484
Disposals
(35,854)
-
-
(35,854)
At 30 November 2024
461,813
17,087
8,968
487,868
At 1 December 2023
113,754
2,900
2,451
119,105
Charge for the year
59,896
4,416
746
65,058
At 30 November 2024
173,650
7,316
3,197
184,163
At 30 November 2024
288,163
9,771
5,771
303,705
At 30 November 2023
130,958
544
1,631
133,133
Net gain from fair value adjustments
25,333
At 30 November 2024
58,333
Amounts falling due within one year
Trade debtors
1,377,373
734,561
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
62,469
-
Obligations under finance leases and hire purchase contracts
68,810
27,745
Trade creditors
1,392,659
369,000
Taxes and social security
133,602
138,434
Other creditors
7,237
61,118
Loans from directors
(35,071)
(13,942)
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
252,763
121,539
MH ELECTRICAL CONTRACTORS NE LTD
Notes to the Accounts
for the year ended 30 November 2024
9
Average number of employees
During the year the average number of employees was 32 (2023: 20).