Caseware UK (AP4) 2024.0.164 2024.0.164 2025-04-30 2025-04-30 false 2024-05-01 false Electrical installation 11 12 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03752488 2024-05-01 2025-04-30 03752488 2023-05-01 2024-04-30 03752488 2025-04-30 03752488 2024-04-30 03752488 2023-05-01 03752488 5 2024-05-01 2025-04-30 03752488 d:Director1 2024-05-01 2025-04-30 03752488 e:Buildings 2024-05-01 2025-04-30 03752488 e:Buildings 2025-04-30 03752488 e:Buildings 2024-04-30 03752488 e:Buildings e:OwnedOrFreeholdAssets 2024-05-01 2025-04-30 03752488 e:Buildings e:LeasedAssetsHeldAsLessee 2024-05-01 2025-04-30 03752488 e:MotorVehicles 2024-05-01 2025-04-30 03752488 e:MotorVehicles 2025-04-30 03752488 e:MotorVehicles 2024-04-30 03752488 e:MotorVehicles e:OwnedOrFreeholdAssets 2024-05-01 2025-04-30 03752488 e:MotorVehicles e:LeasedAssetsHeldAsLessee 2024-05-01 2025-04-30 03752488 e:OfficeEquipment 2024-05-01 2025-04-30 03752488 e:OfficeEquipment 2025-04-30 03752488 e:OfficeEquipment 2024-04-30 03752488 e:OfficeEquipment e:OwnedOrFreeholdAssets 2024-05-01 2025-04-30 03752488 e:OfficeEquipment e:LeasedAssetsHeldAsLessee 2024-05-01 2025-04-30 03752488 e:OwnedOrFreeholdAssets 2024-05-01 2025-04-30 03752488 e:LeasedAssetsHeldAsLessee 2024-05-01 2025-04-30 03752488 e:CurrentFinancialInstruments 2025-04-30 03752488 e:CurrentFinancialInstruments 2024-04-30 03752488 e:Non-currentFinancialInstruments 2025-04-30 03752488 e:Non-currentFinancialInstruments 2024-04-30 03752488 e:CurrentFinancialInstruments e:WithinOneYear 2025-04-30 03752488 e:CurrentFinancialInstruments e:WithinOneYear 2024-04-30 03752488 e:Non-currentFinancialInstruments e:AfterOneYear 2025-04-30 03752488 e:Non-currentFinancialInstruments e:AfterOneYear 2024-04-30 03752488 e:ShareCapital 2025-04-30 03752488 e:ShareCapital 2024-04-30 03752488 e:ShareCapital 2023-05-01 03752488 e:RevaluationReserve 2024-05-01 2025-04-30 03752488 e:RevaluationReserve 2025-04-30 03752488 e:RevaluationReserve 5 2024-05-01 2025-04-30 03752488 e:RevaluationReserve 2024-04-30 03752488 e:RevaluationReserve 2023-05-01 03752488 e:RetainedEarningsAccumulatedLosses 2024-05-01 2025-04-30 03752488 e:RetainedEarningsAccumulatedLosses 2025-04-30 03752488 e:RetainedEarningsAccumulatedLosses 2023-05-01 2024-04-30 03752488 e:RetainedEarningsAccumulatedLosses 2024-04-30 03752488 e:RetainedEarningsAccumulatedLosses 2023-05-01 03752488 e:AcceleratedTaxDepreciationDeferredTax 2025-04-30 03752488 e:AcceleratedTaxDepreciationDeferredTax 2024-04-30 03752488 e:TaxLossesCarry-forwardsDeferredTax 2025-04-30 03752488 e:TaxLossesCarry-forwardsDeferredTax 2024-04-30 03752488 e:RetirementBenefitObligationsDeferredTax 2025-04-30 03752488 e:RetirementBenefitObligationsDeferredTax 2024-04-30 03752488 e:OtherDeferredTax 2025-04-30 03752488 e:OtherDeferredTax 2024-04-30 03752488 d:FRS102 2024-05-01 2025-04-30 03752488 d:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 03752488 d:FullAccounts 2024-05-01 2025-04-30 03752488 d:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 03752488 5 2024-05-01 2025-04-30 03752488 e:MotorVehicles e:LeasedAssetsHeldAsLessee 2025-04-30 03752488 e:MotorVehicles e:LeasedAssetsHeldAsLessee 2024-04-30 03752488 f:PoundSterling 2024-05-01 2025-04-30 03752488 e:RetainedEarningsAccumulatedLosses 5 2024-05-01 2025-04-30 iso4217:GBP xbrli:pure

Registered number: 03752488 MIDALL & STONES ELECTRICAL SERVICES LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
MIDALL & STONES ELECTRICAL SERVICES LIMITED REGISTERED NUMBER: 03752488 BALANCE SHEET AS AT 30 APRIL 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 900,311 |  | 457,779
Current assets |  |  |  |  |
Stocks |  | 66,994 |  | 53,530 |
Debtors: amounts falling due within one year | 5 | 579,265 |  | 523,555 |
Cash at bank and in hand |  | 92,105 |  | 43,979 |
|  | 738,364 |  | 621,064 |
Creditors: amounts falling due within one year | 6 | (477,829) |  | (276,307) |
Net current assets |  |  | 260,535 |  | 344,757
Total assets less current liabilities |  |  | 1,160,846 |  | 802,536
Creditors: amounts falling due after more than one year | 7 |  | (28,763) |  | (142,408)
Provisions for liabilities |  |  |  |  |
Deferred tax | 8 |  | (78,327) |  | (49,157)
Net assets |  |  | 1,053,756 |  | 610,971
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 2 |  | 2
Revaluation reserve |  |  | 425,804 |  | -
Profit and loss account |  |  | 627,950 |  | 610,969
|  |  | 1,053,756 |  | 610,971
Page 1
MIDALL & STONES ELECTRICAL SERVICES LIMITED REGISTERED NUMBER: 03752488 BALANCE SHEET (CONTINUED) AS AT 30 APRIL 2025 The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 4 December 2025.
P F Jones
Director
The notes on pages 4 to 10 form part of these financial statements. Page 2
MIDALL & STONES ELECTRICAL SERVICES LIMITED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 APRIL 2025
| Called up share capital | Revaluation reserve | Profit and loss account | Total equity
| £ | £ | £ | £
At 1 May 2023 | 2 | - | 748,897 | 748,899
Loss for the year | - | - | (98,928) | (98,928)
Dividends: Equity capital | - | - | (39,000) | (39,000)
At 1 May 2024 | 2 | - | 610,969 | 610,971
Loss for the year | - | - | (41,155) | (41,155)
Surplus on revaluation of freehold property | - | 483,940 | 58,136 | 542,076
Transfer to/from profit and loss account | - | (58,136) | - | (58,136)
At 30 April 2025 | 2 | 425,804 | 627,950 | 1,053,756
| The notes on pages 4 to 10 form part of these financial statements.
Page 3
MIDALL & STONES ELECTRICAL SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
1. | General information
Midall & Stones Electrical Services Limited is a private Company limited by shares, incorporated in England and Wales (registered number: 03752488). Its registered office is 2nd & 3rd Floor 443-445 Sheffield Road, Whittington Moor, Chesterfield, Derbyshire, S41 8LT. The principal activity of the Company throughout the year continued to be that of electrical installation. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The Company's functional and presentation currency is pounds sterling. The following principal accounting policies have been applied:
| 2.2 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.3 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in the Statement of Comprehensive Income when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds. Page 4
MIDALL & STONES ELECTRICAL SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 2.Accounting policies (continued)
| 2.4 | Current and deferred taxation
Tax is recognised in the Statement of Comprehensive Income. The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that: The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
| 2.5 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows. Depreciation is provided on the following basis:
|  |  |  | Freehold property | - | 2% | straight line
|  |  |  | Motor vehicles | - | 15% | straight line
|  |  |  | Office equipment | - | 25% | reducing balance
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income. Page 5
MIDALL & STONES ELECTRICAL SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 2.Accounting policies (continued)
| 2.6 | Revaluation of tangible fixed assets
Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date. Fair values are determined from market based evidence normally undertaken by professionally qualified valuers. Revaluation gains and losses are recognised in Other Comprehensive Income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in the Statement of Comprehensive Income.
| 2.7 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each Balance Sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of Comprehensive Income.
| 2.8 | Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties. Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost. Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
3. | Employees
| The average monthly number of employees, including directors, during the year was 11 (2024 - 12).
Page 6
MIDALL & STONES ELECTRICAL SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
4. | Tangible fixed assets
|  | Freehold property | Motor vehicles | Office equipment | Total
|  | £ | £ | £ | £
| Cost or valuation |  |  |  |
| At 1 May 2024 | 419,325 | 249,323 | 142,569 | 811,217
| Disposals | - | (7,110) | - | (7,110)
| Revaluations | 340,675 | - | - | 340,675
| At 30 April 2025 | 760,000 | 242,213 | 142,569 | 1,144,782
| Depreciation |  |  |  |
| At 1 May 2024 | 143,265 | 67,999 | 142,174 | 353,438
| Charge for the year on owned assets | - | - | 99 | 99
| Charge for the year on financed assets | - | 36,332 | - | 36,332
| Disposals | - | (2,133) | - | (2,133)
| On revalued assets | (143,265) | - | - | (143,265)
| At 30 April 2025 | - | 102,198 | 142,273 | 244,471
| Net book value |  |  |  |
| At 30 April 2025 | 760,000 | 140,015 | 296 | 900,311
| At 30 April 2024 | 276,061 | 181,323 | 395 | 457,779
| The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Motor vehicles | 137,880 | 181,324
Page 7
MIDALL & STONES ELECTRICAL SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 4.Tangible fixed assets (continued)
| If the land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cost | 419,325 | 419,325
| Accumulated depreciation | (146,751) | (143,265)
| Net book value | 272,574 | 276,060
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 241,495 | 169,246
| Amounts owed by group undertakings | 228,000 | 323,230
| Other debtors | 75,517 | 17
| Prepayments | 34,253 | 31,062
|  | 579,265 | 523,555
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 91,075 | 24,103
| Trade creditors | 258,755 | 164,875
| Other taxation and social security | 99,647 | 41,909
| Hire purchase contracts | 17,154 | 28,889
| Other creditors | 1,488 | 8,193
| Accruals | 9,710 | 8,338
|  | 477,829 | 276,307
Page 8
MIDALL & STONES ELECTRICAL SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
7. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 15,081 | 106,023
| Hire purchase contracts | 13,682 | 36,385
|  | 28,763 | 142,408
| Secured loan Included in creditors are bank loans of £93,128 (2024: £106,952) on which security has been given by a fixed and floating charge over the assets of the Company as well as the directors personal property. The directors have also given a personal guarantee of £59,450.
8. | Deferred taxation
|  | 2025 | 2024
|  | £ | £
| At beginning of year | 49,157 | 6,325
| Charged to the Statement of Comprehensive Income | 29,170 | 42,832
| At end of year | 78,327 | 49,157
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | 24,958 | 77,599
| Tax losses carried forward | (4,426) | (28,125)
| Pension surplus | (340) | (317)
| Revaluation on freehold property | 58,135 | -
|  | 78,327 | 49,157
Page 9
MIDALL & STONES ELECTRICAL SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
9. | Pension commitments
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £32,948 (2024: £18,323). Contributions totalling £1,488 (2024: £1,667) were payable to the fund at the Balance Sheet date and are included in creditors.
10. | Controlling party
The Company is a wholly owned subsidiary of Midall & Stones Holdings Limited. The ultimate controlling party is P Jones.
Page 10