M T ELECTRICAL (ESSEX) LIMITED


Director	TINSLEY, Michael


Registered Address	Sunnyfields School Lane
	Great Leighs
	Chelmsford
	CM3 1NL


Registered Number	05736791 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		63,760		84,187
			63,760		84,187
Current assets
Stocks	4	26,758		26,326
Debtors	5	178,198		420,419
Cash at bank and on hand		370,889		363,558
		575,845		810,303
Creditors amounts falling due within one year	6	(323,919)		(453,828)
Net current assets (liabilities)			251,926		356,475
Total assets less current liabilities			315,686		440,662
Creditors amounts falling due after one year	7		(2,651)		(48,002)
Provisions for liabilities	9		(18,052)		(18,471)
Net assets			294,983		374,189
Capital and reserves
Called up share capital			10		10
Profit and loss account			294,973		374,179
Shareholders' funds			294,983		374,189

The company was entitled to exemption from audit for this reporting period 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 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 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 and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 5 August 2025, and are signed on its behalf by:

TINSLEY, Michael
Director
Registered Company No. 05736791

M T ELECTRICAL (ESSEX) LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	25
	Fixtures and fittings	25
	Vehicles	25
	Office Equipment	33

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	13		13

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£	£
Cost or valuation
At 01 April 24	4,042	5,461	185,537	12,596	20,959	228,595
Additions	-	-	-	-	1,768	1,768
Disposals	(4,042)	(3,147)	-	(8,155)	(11,482)	(26,826)
At 31 March 25	-	2,314	185,537	4,441	11,245	203,537
Depreciation and impairment
At 01 April 24	4,042	4,442	106,844	9,886	19,194	144,408
Charge for year	-	255	19,673	678	876	21,482
On disposals	(4,042)	(3,037)	-	(7,692)	(11,342)	(26,113)
At 31 March 25	-	1,660	126,517	2,872	8,728	139,777
Net book value
At 31 March 25	-	654	59,020	1,569	2,517	63,760
At 31 March 24	-	1,019	78,693	2,710	1,765	84,187

4.	Stocks

	2025	2024
	£	£
Other stocks	26,758	26,326
Total	26,758	26,326

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	103,576	371,109
Other debtors	6,617	17,619
Prepayments and accrued income	68,005	31,691
Total	178,198	420,419

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	147,184	287,194
Bank borrowings and overdrafts	10,446	11,079
Taxation and social security	14,045	26,473
Finance lease and HP contracts	34,904	5,857
Other creditors	53,834	59,718
Accrued liabilities and deferred income	63,506	63,507
Total	323,919	453,828

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	2,651	13,098
Other creditors	-	34,904
Total	2,651	48,002

8.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	-		34,904

9.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	18,052	18,471
Total	18,052	18,471

10.	Directors advances, credits and guarantees
	During the year the following advances and credits were made to and from directors. Advances £60,391 (2024: £64,406), Credits £54,818 (2024: £57,688), Year end balance £(52,901) (2024: £(58,474)). No interest is charged on the loan.