MDR Electrical(Kent) Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 07403524

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		3,233		-
Tangible Assets	5		48,587		66,847
Investments	6		3,702,241		-

			3,754,061		66,847
CURRENT ASSETS
Debtors	7	330,525		5,868
Cash at bank and in hand		101,576		652,327

		432,101		658,195
Creditors: Amounts Falling Due Within One Year	8	(111,292 )		(212,749 )

NET CURRENT ASSETS (LIABILITIES)			320,809		445,446

TOTAL ASSETS LESS CURRENT LIABILITIES			4,074,870		512,293

Creditors: Amounts Falling Due After More Than One Year	9		(3,651,015 )		(41,037 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(12,956 )		(16,712 )

NET ASSETS			410,899		454,544

CAPITAL AND RESERVES
Called up share capital	11		2		2
Profit and Loss Account			410,897		454,542

SHAREHOLDERS' FUNDS			410,899		454,544

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MDR Electrical(Kent) Ltd

Balance Sheet (continued)

As At 31 October 2024

For the year ending 31 October 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 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Matthew Reavill

Director

30th October 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

MDR Electrical(Kent) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07403524 . The registered office is 1 Monocstune Mews , Monkton, Ramsgate, Kent, CT12 4EY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of consideration received or receivable, net of discounts and value added tax.

Turnover from the rendering of services is recognised by reference to the stage of completion of each contract.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets represent the company’s websites.

These are capitalised at cost and amortised to the profit and loss account over their estimated economic life of five years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% straight line
Motor Vehicles	24% straight line
Computer Equipment	20% straight line

2.6. Leasing and Hire Purchase Contracts

Hire purchase contracts

Assets acquired under hire purchase agreements are capitalised and depreciated over their useful lives.

Finance leases

Where substantially all risks and rewards of ownership are transferred to the company, the asset is capitalised and depreciated over the shorter of the lease term or useful life. Obligations are included in creditors net of finance charges.

Operating leases

Rentals are charged to the profit and loss account on a straight-line basis over the lease term.

2.7. Foreign Currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the year-end rate of exchange.

Transactions are translated at the exchange rate on the date of the transaction. Exchange differences are recognised in the profit and loss account.

2.8. Taxation

The tax expense represents the sum of current and deferred tax.

Current tax is based on taxable profit using tax rates enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities and their tax bases, using rates expected to apply when the timing differences reverse.

Deferred tax liabilities are included within provisions for liabilities; deferred tax assets are recognised only to the extent that recovery against future taxable profits is probable.

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MDR Electrical(Kent) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

2.9. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

4. Intangible Assets

	Other
	£
Cost
As at 1 November 2023	-
Additions	3,450

As at 31 October 2024	3,450

Amortisation
As at 1 November 2023	-
Provided during the period	217

As at 31 October 2024	217

Net Book Value
As at 31 October 2024	3,233

As at 1 November 2023	-

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 November 2023	5,948	94,238	12,525	112,711
Additions	539	-	576	1,115
Disposals	-	(22,621 )	-	(22,621 )

As at 31 October 2024	6,487	71,617	13,101	91,205

Depreciation
As at 1 November 2023	5,284	32,813	7,767	45,864
Provided during the period	552	17,188	1,635	19,375
Disposals	-	(22,621 )	-	(22,621 )

As at 31 October 2024	5,836	27,380	9,402	42,618

Net Book Value
As at 31 October 2024	651	44,237	3,699	48,587

As at 1 November 2023	664	61,425	4,758	66,847

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MDR Electrical(Kent) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

6. Investments

	Unlisted
	£
Cost or Valuation
As at 1 November 2023	-
Additions	3,702,241

As at 31 October 2024	3,702,241

Provision
As at 1 November 2023	-

As at 31 October 2024	-

Net Book Value
As at 31 October 2024	3,702,241

As at 1 November 2023	-

During the year, MDR Electrical (Kent) Ltd acquired 100% of the issued share capital of Loxton Installations Ltd for a total consideration of £3,647,984.

Loxton Installations Ltd is a private company limited by shares, incorporated and registered in England and Wales.

Its registered office address is:

Unit 14, Mill Hall Industrial Estate, Mill Hall, Aylesford, Kent, ME20 7JZ.

The principal activity of the company is electrical installation services.

The investment is held at cost in the company’s balance sheet.

At 31 October 2024, Loxton Installations Ltd remained a wholly owned subsidiary of the company.

7. Debtors

	2024	2023
	£	£
Due within one year
Prepayments and accrued income	28,986	770
Other debtors	9,223	5,098
VAT	6,949	-

	45,158	5,868
Due after more than one year
Amounts owed by associates	285,367	-

	330,525	5,868

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	11,022	-
Trade creditors	1,169	287
Bank loans and overdrafts	64,009	18,915
Corporation tax	27,088	147,851
VAT	-	90
Company credit cards	335	1,583
Accruals and deferred income	2,049	2,000
Directors' loan accounts	5,620	42,023

	111,292	212,749

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MDR Electrical(Kent) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

9. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	16,880	-
Bank loans	293,894	41,037
Other creditors	150,000	-
Amounts owed to group undertakings	3,190,241	-

	3,651,015	41,037

10. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	11,022	-
Later than one year and not later than five years	16,880	-

	27,902	-

	27,902	-

11. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	2	2

12. Related Party Transactions

The company has taken advantage of the exemption under paragraph 33.1A of FRS 102 not to disclose transactions with wholly owned subsidiary undertakings, including Loxton Installations Ltd.

During the financial year, the company received a loan of £150,000 from a related party connected to key management personnel.

This loan is interest-free, unsecured, and has no fixed repayment terms, although it is expected to be repaid after five years.

The company also made a loan of £285,367 to a related company under common control of the same persons with significant control, shareholders, and directors.

This loan is interest-free, unsecured, and expected to be repaid within one year.

All transactions with related parties were conducted on a non-commercial basis.

No provisions for doubtful debts have been made in respect of these balances.

All transactions were undertaken on a non-commercial basis.

The company is the parent undertaking of a group which qualifies as a small group under section 399 of the Companies Act 2006. The company has therefore taken advantage of the exemption provided by section 398 of that Act not to prepare group financial statements.

13. Ultimate Controlling Party Not Known

The company is under the joint control of the directors, Mr Matthew Reavill and Mrs Victoria Reavill, who together hold the entire issued share capital.

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