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REGISTERED NUMBER: 08985307 (England and Wales)















Financial Statements for the Year Ended 31 March 2025

for

M.B.Electrical Services (Surrey) Limited

M.B.Electrical Services (Surrey) Limited (Registered number: 08985307)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


M.B.Electrical Services (Surrey) Limited

Company Information
for the Year Ended 31 March 2025







DIRECTOR: M Budd





REGISTERED OFFICE: 39 Little Green Lane
Farnham
Surrey
GU9 8TF





REGISTERED NUMBER: 08985307 (England and Wales)





ACCOUNTANTS: J.Y. Limited
Rangefield Court
Farnham Trading Estate
Farnham
Surrey
GU9 9NP

M.B.Electrical Services (Surrey) Limited (Registered number: 08985307)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £   
CURRENT ASSETS
Stocks 410 520
Debtors 5 13,902 34,027
Cash at bank 27,495 24,447
41,807 58,994
CREDITORS
Amounts falling due within one year 6 36,936 44,432
NET CURRENT ASSETS 4,871 14,562
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,871

14,562

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 4,869 14,560
SHAREHOLDERS' FUNDS 4,871 14,562

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 29 July 2025 and were signed by:





M Budd - Director


M.B.Electrical Services (Surrey) Limited (Registered number: 08985307)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

M.B.Electrical Services (Surrey) 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.

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, 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 - 25% on cost
Computer equipment - 33% on cost

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

Taxation
Taxation for the year 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 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.

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.

M.B.Electrical Services (Surrey) Limited (Registered number: 08985307)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

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 2 (2024 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2024
and 31 March 2025 18,940 1,465 20,405
DEPRECIATION
At 1 April 2024
and 31 March 2025 18,940 1,465 20,405
NET BOOK VALUE
At 31 March 2025 - - -
At 31 March 2024 - - -

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Plant and
machinery
£   
COST
At 1 April 2024
and 31 March 2025 18,340
DEPRECIATION
At 1 April 2024
and 31 March 2025 18,340
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 1,052 18,577
Other debtors 12,850 15,450
13,902 34,027

M.B.Electrical Services (Surrey) Limited (Registered number: 08985307)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 8,341 19,532
Taxation and social security 6,662 8,606
Other creditors 21,933 16,294
36,936 44,432

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M Budd.