M. A. W. Electrical Limited 04575516 false 2023-10-31 2024-10-30 2024-10-30 The principal activity of the company is as electrical contractors Digita Accounts Production Advanced 6.30.9574.0 true 04575516 2023-10-31 2024-10-30 04575516 2024-10-30 04575516 bus:OrdinaryShareClass1 2024-10-30 04575516 core:CurrentFinancialInstruments 2024-10-30 04575516 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-30 04575516 core:FurnitureFittingsToolsEquipment 2024-10-30 04575516 core:MotorVehicles 2024-10-30 04575516 core:OtherPropertyPlantEquipment 2024-10-30 04575516 bus:SmallEntities 2023-10-31 2024-10-30 04575516 bus:AuditExemptWithAccountantsReport 2023-10-31 2024-10-30 04575516 bus:FilletedAccounts 2023-10-31 2024-10-30 04575516 bus:SmallCompaniesRegimeForAccounts 2023-10-31 2024-10-30 04575516 bus:RegisteredOffice 2023-10-31 2024-10-30 04575516 bus:CompanySecretary1 2023-10-31 2024-10-30 04575516 bus:Director2 2023-10-31 2024-10-30 04575516 bus:OrdinaryShareClass1 2023-10-31 2024-10-30 04575516 bus:PrivateLimitedCompanyLtd 2023-10-31 2024-10-30 04575516 bus:Agent1 2023-10-31 2024-10-30 04575516 core:FurnitureFittingsToolsEquipment 2023-10-31 2024-10-30 04575516 core:MotorVehicles 2023-10-31 2024-10-30 04575516 core:OfficeEquipment 2023-10-31 2024-10-30 04575516 core:OtherPropertyPlantEquipment 2023-10-31 2024-10-30 04575516 core:PlantMachinery 2023-10-31 2024-10-30 04575516 countries:AllCountries 2023-10-31 2024-10-30 04575516 2023-10-30 04575516 core:FurnitureFittingsToolsEquipment 2023-10-30 04575516 core:MotorVehicles 2023-10-30 04575516 core:OtherPropertyPlantEquipment 2023-10-30 04575516 2022-10-31 2023-10-30 04575516 2023-10-30 04575516 bus:OrdinaryShareClass1 2023-10-30 04575516 core:CurrentFinancialInstruments 2023-10-30 04575516 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-30 04575516 core:FurnitureFittingsToolsEquipment 2023-10-30 04575516 core:MotorVehicles 2023-10-30 04575516 core:OtherPropertyPlantEquipment 2023-10-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04575516

M. A. W. Electrical Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 October 2024

 

M. A. W. Electrical Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

M. A. W. Electrical Limited

Company Information

Director

Mr M A Wignal

Company secretary

Miss K A Norbury

Registered office

3 Stadium Court
Plantation Road
Bromborough
Wirral
CH62 3QG

Accountants

GW Kelly & Co
Chartered Certified Accountants3 Stadium Court
Plantation Road
Bromborough
Wirral
CH62 3QG

 

M. A. W. Electrical Limited

(Registration number: 04575516)
Balance Sheet as at 30 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

3,164

4,207

Current assets

 

Debtors

1,377

1,694

Cash at bank and in hand

 

101,242

98,926

 

102,619

100,620

Creditors: Amounts falling due within one year

5

(34,800)

(31,242)

Net current assets

 

67,819

69,378

Net assets

 

70,983

73,585

Capital and reserves

 

Called up share capital

6

1

1

Retained earnings

70,982

73,584

Shareholders' funds

 

70,983

73,585

For the financial year ending 30 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 July 2025
 

.........................................
Mr M A Wignal
Director

 

M. A. W. Electrical Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
3 Stadium Court
Plantation Road
Bromborough
Wirral
CH62 3QG

The principal place of business is:
161 Old Chester Road
Bebington
Wirral
CH63 8NE

These financial statements were authorised for issue by the director on 28 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

M. A. W. Electrical Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 October 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicles

25% per annum reducing balance

Plant & Machinery

15% per annum reducing balance

Office Equipment

20% per annum reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

M. A. W. Electrical Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 October 2024

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2023 - 3).

 

M. A. W. Electrical Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 October 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 31 October 2023

6,092

19,532

1,500

27,124

At 30 October 2024

6,092

19,532

1,500

27,124

Depreciation

At 31 October 2023

3,053

18,449

1,415

22,917

Charge for the year

759

271

13

1,043

At 30 October 2024

3,812

18,720

1,428

23,960

Carrying amount

At 30 October 2024

2,280

812

72

3,164

At 30 October 2023

3,039

1,083

85

4,207

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

8,928

2,819

Taxation and social security

9,771

12,335

Accruals and deferred income

1,720

1,720

Other creditors

14,381

14,368

34,800

31,242

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

       
 

M. A. W. Electrical Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 October 2024

7

Related party transactions

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

8,389

8,313