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Registered number: 05783845
Mayfair Electrical & Property Services Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
SLM Accountants & Tax Advisors
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 05783845
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,211 9,015
7,211 9,015
CURRENT ASSETS
Debtors 5 2,214 2,542
Cash at bank and in hand 4,421 2,322
6,635 4,864
Creditors: Amounts Falling Due Within One Year 6 (69,314 ) (60,207 )
NET CURRENT ASSETS (LIABILITIES) (62,679 ) (55,343 )
TOTAL ASSETS LESS CURRENT LIABILITIES (55,468 ) (46,328 )
NET LIABILITIES (55,468 ) (46,328 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (55,469 ) (46,329 )
SHAREHOLDERS' FUNDS (55,468) (46,328)
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Gary O'Neill
Director
23/10/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Mayfair Electrical & Property Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05783845 . The registered office is 48 Olive Avenue, Leigh-On-Sea, Essex, SS9 3PU.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. 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:
Motor Vehicles 25% reducing balance
Computer Equipment 25% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 25,600 5,021 30,621
As at 31 March 2025 25,600 5,021 30,621
Depreciation
As at 1 April 2024 16,874 4,732 21,606
Provided during the period 1,746 58 1,804
As at 31 March 2025 18,620 4,790 23,410
Net Book Value
As at 31 March 2025 6,980 231 7,211
As at 1 April 2024 8,726 289 9,015
Page 2
Page 3
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 864 946
Other debtors 1,350 1,596
2,214 2,542
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 7,082 4,330
Other creditors 62,063 55,708
Taxation and social security 169 169
69,314 60,207
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
Page 3