1 January 2024 false No description of principal activity Taxfiler 2024.6 11715574business:PrivateLimitedCompanyLtd2024-01-012024-12-31 117155742023-12-31 117155742024-01-012024-12-31 11715574business:AuditExemptWithAccountantsReport2024-01-012024-12-31 11715574business:FilletedAccounts2024-01-012024-12-31 117155742024-12-31 11715574business:Director12024-01-012024-12-31 11715574business:RegisteredOffice2024-01-012024-12-31 117155742023-12-31 11715574core:WithinOneYear2024-12-31 11715574core:WithinOneYear2023-12-31 11715574core:AfterOneYear2024-12-31 11715574core:AfterOneYear2023-12-31 11715574core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 11715574core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 11715574core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 11715574core:RetainedEarningsAccumulatedLosses2023-12-31 11715574core:PreviouslyStatedAmount2024-12-31 11715574business:SmallEntities2024-01-012024-12-31 11715574countries:EnglandWales2024-01-012024-12-31 11715574core:LandBuildings2024-01-012024-12-31 11715574core:MotorVehicles2024-01-012024-12-31 11715574core:FurnitureFittings2024-01-012024-12-31 11715574core:LandBuildings2023-12-31 11715574core:MotorVehicles2023-12-31 11715574core:FurnitureFittings2023-12-31 11715574core:LandBuildings2024-12-31 11715574core:MotorVehicles2024-12-31 11715574core:FurnitureFittings2024-12-31 11715574core:WithinOneYear2024-01-012024-12-31 11715574core:AfterOneYear2024-01-012024-12-31 117155742023-01-012023-12-31 iso4217:GBP xbrli:pure
Company Registration No. 11715574 (England and Wales)
MTS Electrical 2018 Ltd Unaudited accounts for the year ended 31 December 2024
MTS Electrical 2018 Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
MTS Electrical 2018 Ltd Company Information for the year ended 31 December 2024
Director
Mr Marty Shelton
Company Number
11715574 (England and Wales)
Registered Office
57 Ely Street Stratford-upon-Avon Warwickshire CV37 6LN United Kingdom
Accountants
FILAN Accountants Ltd 57 Ely Street Stratford upon Avon CV37 6LN
- 3 -
MTS Electrical 2018 Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
322,865 
65,401 
Current assets
Debtors
5
238,572 
237,107 
Cash at bank and in hand
4,531 
38,926 
243,103 
276,033 
Creditors: amounts falling due within one year
6
(79,797)
(82,837)
Net current assets
163,306 
193,196 
Total assets less current liabilities
486,171 
258,597 
Creditors: amounts falling due after more than one year
7
(150,039)
(20,705)
Net assets
336,132 
237,892 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
336,032 
237,792 
Shareholders' funds
336,132 
237,892 
For the year ending 31 December 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 director acknowledges his 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 and authorised for issue on 11 September 2025 and were signed on its behalf by
Mr Marty Shelton Director Company Registration No. 11715574
- 4 -
MTS Electrical 2018 Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
MTS Electrical 2018 Ltd is a private company, limited by shares, registered in England and Wales, registration number 11715574. The registered office is 57 Ely Street, Stratford-upon-Avon, Warwickshire, CV37 6LN, United Kingdom.
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.
3
Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Land & buildings
not depreciated
Motor vehicles
12.5% SL
Fixtures & fittings
25% SL
Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period. Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight-line basis, except where another systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.
Presentation currency
The accounts are presented in £ sterling.
Capital Commitments
At 31 December 2024, the company had capital commitments contracted for but not provided for in these financial statements of £42,369 (2023 – £0).
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.
- 5 -
MTS Electrical 2018 Ltd Notes to the Accounts for the year ended 31 December 2024
Loans to Director
Included within other Debtors is a loan to the director of £23,578 (2023: £31,537). This loan is unsecured, interest free and repayable on demand.
4
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
- 
106,150 
- 
106,150 
Additions
246,012 
28,000 
295 
274,307 
At 31 December 2024
246,012 
134,150 
295 
380,457 
Depreciation
At 1 January 2024
- 
40,749 
- 
40,749 
Charge for the year
- 
16,769 
74 
16,843 
At 31 December 2024
- 
57,518 
74 
57,592 
Net book value
At 31 December 2024
246,012 
76,632 
221 
322,865 
At 31 December 2023
- 
65,401 
- 
65,401 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
30,145 
13,329 
Trade debtors
181,946 
177,715 
Accrued income and prepayments
598 
- 
Other debtors
25,883 
14,526 
238,572 
205,570 
Amounts falling due after more than one year
Other debtors
- 
31,537 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
8,512 
2,015 
Obligations under finance leases and hire purchase contracts
9,411 
10,534 
Trade creditors
6,274 
35,854 
Taxes and social security
37,374 
22,020 
Other creditors
14,185 
4,098 
Accruals
4,041 
8,316 
79,797 
82,837 
The bank loans and overdrafts are secured by a fixed and floating charge over the company's assets. The finance leases are secured on the assets concerned.
- 6 -
MTS Electrical 2018 Ltd Notes to the Accounts for the year ended 31 December 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
150,039 
9,652 
Obligations under finance leases and hire purchase contracts
- 
11,053 
150,039 
20,705 
Mortgage outstanding at the reporting date include instalments due after more than one year of £132,830 (2023 – £0). This is secured by way of a debenture over the property of the company. The bank loan is secured by a fixed and floating charge over the company's assets. The finance leases are secured on the assets concerned. Included within Creditors due within one year is £16,936 (2023:nil) and within Creditors due in more than one year is £132,830 (2023:nil) is a loan which is secured by way of a debenture over the property of the company.
8
Average number of employees
During the year the average number of employees was 10 (2023: 8).
- 7 -