METEOR ELECTRICAL LIMITED

Company Registration Number:
NI073275 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

METEOR ELECTRICAL LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

METEOR ELECTRICAL LIMITED

Balance sheet

As at 31 December 2024


Notes
2024
2023


£
£
Fixed assets
Tangible assets: 3 1,976,620 2,225,397
Total fixed assets: 1,976,620 2,225,397
Current assets
Stocks: 707,447 677,629
Debtors:   3,914,213 2,869,820
Cash at bank and in hand: 188,314 158,805
Total current assets: 4,809,974 3,706,254
Creditors: amounts falling due within one year:   (2,535,257) (1,657,447)
Net current assets (liabilities): 2,274,717 2,048,807
Total assets less current liabilities: 4,251,337 4,274,204
Creditors: amounts falling due after more than one year:   (1,969,432) (2,211,242)
Provision for liabilities: (78,200) (122,700)
Total net assets (liabilities): 2,203,705 1,940,262
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 2,203,703 1,940,260
Shareholders funds: 2,203,705 1,940,262

The notes form part of these financial statements

METEOR ELECTRICAL LIMITED

Balance sheet statements

For the year ending 31 December 2024 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 12 November 2025
and signed on behalf of the board by:

Name: John Conway
Status: Director

The notes form part of these financial statements

METEOR ELECTRICAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its useful life. Freehold property: 2 per cent on cost Plant and machinery: 20 per cent on cost Fixtures and fittings: 15 per cent on reducing balance Motor vehicles: 20 per cent on reducing balance Computer equipment: 25 per cent on cost

Other accounting policies

The company has taken advantage of exemption, under the terms of Financial Reporting Standard “The Financial Reporting Standard applicable in the UK and the Republic of Ireland” not to disclose related party transactions with wholly owned subsidiaries within the group.

METEOR ELECTRICAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 24 24

METEOR ELECTRICAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible Assets

Total
Cost £
At 01 January 2024 3,739,444
Additions 10,167
At 31 December 2024 3,749,611
Depreciation
At 01 January 2024 1,514,047
Charge for year 258,944
At 31 December 2024 1,772,991
Net book value
At 31 December 2024 1,976,620
At 31 December 2023 2,225,397

METEOR ELECTRICAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Financial commitments

The company has financial commitments including loans and hire purchase agreements of £2,170,474 (2023: £2,467,023)