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REGISTERED NUMBER: 11643248 (England and Wales)














Financial Statements for the Year Ended 31 October 2024

for

Mayville Electrical Ltd

Mayville Electrical Ltd (Registered number: 11643248)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Mayville Electrical Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mr D B Gilding
Ms L Martin





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 11643248 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Mayville Electrical Ltd (Registered number: 11643248)

Statement of Financial Position
31 October 2024

31.10.24 31.10.23
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 8,578 11,191

CURRENT ASSETS
Inventories - 1,995
Debtors 5 5,770 5,175
Cash at bank and in hand 1,036 2
6,806 7,172
CREDITORS
Amounts falling due within one year 6 (12,892 ) (28,750 )
NET CURRENT LIABILITIES (6,086 ) (21,578 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,492 (10,387 )

CREDITORS
Amounts falling due after more than one
year

7

-

(360

)
NET ASSETS/(LIABILITIES) 2,492 (10,747 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,490 (10,749 )
SHAREHOLDERS' FUNDS 2,492 (10,747 )

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

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

Mayville Electrical Ltd (Registered number: 11643248)

Statement of Financial Position - continued
31 October 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 30 May 2025 and were signed on its behalf by:




Mr D B Gilding - Director



Ms L Martin - Director


Mayville Electrical Ltd (Registered number: 11643248)

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

1. STATUTORY INFORMATION

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

Mayville Electrical Ltd (Registered number: 11643248)

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

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023
and 31 October 2024 3,000 20,559 1,600 25,159
DEPRECIATION
At 1 November 2023 1,158 11,885 925 13,968
Charge for year 276 2,168 169 2,613
At 31 October 2024 1,434 14,053 1,094 16,581
NET BOOK VALUE
At 31 October 2024 1,566 6,506 506 8,578
At 31 October 2023 1,842 8,674 675 11,191

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2023
and 31 October 2024 20,559
DEPRECIATION
At 1 November 2023
and 31 October 2024 11,885
NET BOOK VALUE
At 31 October 2024 8,674
At 31 October 2023 8,674

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 5,770 5,175

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 1,691 6,814
Other creditors 11,201 21,936
12,892 28,750

Mayville Electrical Ltd (Registered number: 11643248)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.24 31.10.23
£    £   
Hire purchase contracts - 360

8. RELATED PARTY DISCLOSURES

The directors Mr D B Gilding and Mrs L Martin are considered to be the key management personnel.