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Registered number: 05074971
Midlands Electrical Fire & Security Ltd
ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
Prepared By:
GT Accountants Limited
Unit 7, The Court House
72 Moorland Road, Burslem
Stoke on Trent
Staffs
ST6 1DY
Midlands Electrical Fire & Security Ltd
ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
DIRECTORS
Richard McCredie
SECRETARY
Richard McCredie
REGISTERED OFFICE
Unit 2A Chemical Lane
Longport
Stoke-on-Trent
Staffordshire
ST6 4PB
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 05074971
BANKERS
Lloyds TSB
ACCOUNTANTS
GT Accountants Limited
Unit 7, The Court House
72 Moorland Road, Burslem
Stoke on Trent
Staffs
ST6 1DY
Midlands Electrical Fire & Security Ltd
ACCOUNTS
FOR THEYEARENDED31/03/2025
CONTENTS
Page
Balance Sheet3
Notes To The Accounts4
Midlands Electrical Fire & Security Ltd
BALANCE SHEET AT 31/03/2025
20252024
Notes££
FIXED ASSETS
Tangible assets3138,104176,518
CURRENT ASSETS
Stock21,28751,349
Debtors4140,895191,187
Cash at bank and in hand258,918118,650
421,100361,186
CREDITORS: Amounts falling due within one year5326,516323,070
NET CURRENT ASSETS94,58438,116
TOTAL ASSETS LESS CURRENT LIABILITIES232,688214,634
CREDITORS: Amounts falling due after more than one year69,30226,630
PROVISIONS FOR LIABILITIES AND CHARGES34,52633,485
NET ASSETS188,860154,519
CAPITAL AND RESERVES
Called up share capital8100100
Profit and loss account188,760154,419
SHAREHOLDERS' FUNDS188,860154,519
For the year ending 31/03/2025 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 13/10/2025 and signed on their behalf by
Richard McCredie
Director
Midlands Electrical Fire & Security Ltd
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Short Leasehold Propertiesstraight line 4%
Plant and Machinerystraight line 20%
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsstraight line 20%
Motor Carsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Government Grants
Government grants are recognised in profit and loss in the year in which they are received.
Midlands Electrical Fire & Security Ltd
2. EMPLOYEES
20252024
No.No.
Average number of employees1111
3. TANGIBLE FIXED ASSETS
Land AndPlant and
BuildingsMachinery Etc.Total
£££
Cost
At 01/04/202414,431298,747313,178
Additions-4,5384,538
At 31/03/202514,431303,285317,716
Depreciation
At 01/04/20244,662131,998136,660
For the year57742,37542,952
At 31/03/20255,239174,373179,612
Net Book Amounts
At 31/03/20259,192128,912138,104
At 31/03/20249,769166,749176,518
4. DEBTORS 20252024
££
Amounts falling due within one year
Trade debtors133,937186,856
Prepayments6,9584,331
140,895191,187
Midlands Electrical Fire & Security Ltd
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20252024
££
UK corporation tax44,21612,387
VAT57,68451,937
PAYE control7,9367,902
Directors current account15,21613,941
Bank Loan10,00010,000
Credit card23,074-
Hire purchase7,3057,315
Trade creditors54,638134,576
Other creditors2,4372,287
Pension schemes3,2053,329
Accruals5,0754,889
Deferred income95,73074,507
326,516323,070
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20252024
££
Bank loans (unsecured) >1yr1,66711,667
Hire purchase >1yr7,63514,963
9,30226,630
7. SECURED CREDITORS
20252024
££
Amount of other creditors which are secured14,63122,278
Midlands Electrical Fire & Security Ltd
8. SHARE CAPITAL 20252024
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
9. RELATED PARTY TRANSACTIONS
During the year the company paid rent amounting to £7,980 in repsect of its trading premises to PR Properties a partnership in which the director has a 50% interest in.