Registration number: NI038458

M.D.F. Electrical Limited

(Registration number: NI038458)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	19,020	13,228
Current assets
Work in progress	5	-	43,362
Debtors	6	16,939	14,467
Cash at bank and in hand		157,673	87,907
		174,612	145,736
Creditors: Amounts falling due within one year	7	(135,861)	(102,923)
Net current assets		38,751	42,813
Total assets less current liabilities		57,771	56,041
Creditors: Amounts falling due after more than one year	7	(3,540)	(14,966)
Provisions for liabilities		(4,755)	(3,307)
Net assets		49,476	37,768
Capital and reserves
Called up share capital	8	10,000	10,000
Retained earnings		39,476	27,768
Shareholders' funds		49,476	37,768

For the financial year ending 31 March 2025 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.

M.D.F. Electrical Limited

(Registration number: NI038458)
Balance Sheet as at 31 March 2025

Approved and authorised by the director on 25 July 2025
 

......................................... Mr Dominic Connolly Director

M.D.F. Electrical Limited

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

1	General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: 3A Shelton Road, Armoy, Ballymoney, Co. Antrim, BT53 8YQ.

These financial statements were authorised for issue by the director on 25 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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

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
Tools and equipment	25% straight line basis
Motor vehicles	25% reducing balance basis
Office equipment	25% straight line basis

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.

M.D.F. Electrical Limited

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

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in operating expenses.

Work in progress

Work in progress is valued at cost of labour and materials plus attributable profits less foreseeable losses.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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 11 (2024 - 11).

M.D.F. Electrical Limited

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

4	Tangible assets

	Office Equipment  £	Motor vehicles  £	Tools and equipment  £	Total £
Cost or valuation
At 1 April 2024	7,827	45,995	55,579	109,401
Additions	1,211	13,800	-	15,011
At 31 March 2025	9,038	59,795	55,579	124,412
Depreciation
At 1 April 2024	7,331	34,217	54,625	96,173
Charge for the year	798	8,081	340	9,219
At 31 March 2025	8,129	42,298	54,965	105,392
Carrying amount
At 31 March 2025	909	17,497	614	19,020
At 31 March 2024	496	11,778	954	13,228

M.D.F. Electrical Limited

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

5	Work in progress

	2025 £	2024 £
Work in progress	-	43,362