M J Kemp Electrical Ltd - Filleted accounts

Registered number

08790688

M J Kemp Electrical Ltd

Filleted Accounts

31 March 2025

M J Kemp Electrical Ltd
Registered number:		08790688
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		28,342			17,331

Current assets
Stocks		49,750			49,750
Debtors	5	54,929			100,902
Cash at bank and in hand		33,689			14,148
		138,368			164,800

Creditors: amounts falling due within one year	6	(159,108)			(165,263)

Net current liabilities			(20,740)			(463)

Total assets less current liabilities			7,602			16,868

Creditors: amounts falling due after more than one year	7		(1,668)			(11,667)

Provisions for liabilities			(5,385)			(3,293)


Net assets			549			1,908

Capital and reserves
Called up share capital			101			101
Profit and loss account			448			1,807

Shareholders' funds			549			1,908

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Michael John Kemp
Director
Approved by the board on 14 December 2025

M J Kemp Electrical Ltd
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Land and buildings	Revalued on an annual basis
	Fixtures, fittings, tools and equipment	25% Reducing balance
	Motor vehicles	25% Reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			5		5


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 April 2024					100,000
	At 31 March 2025					100,000

	Amortisation
	At 1 April 2024					100,000
	At 31 March 2025					100,000

	Net book value
	At 31 March 2025					-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	1,833		32,435		34,268
	Additions	1,916		25,845		27,761
	Disposals	-		(18,463)		(18,463)
	At 31 March 2025	3,749		39,817		43,566

	Depreciation
	At 1 April 2024	874		16,063		16,937
	Charge for the year	719		8,729		9,448
	On disposals	-		(11,161)		(11,161)
	At 31 March 2025	1,593		13,631		15,224

	Net book value
	At 31 March 2025	2,156		26,186		28,342
	At 31 March 2024	959		16,372		17,331


5	Debtors			2025		2024
£					£

	Trade debtors			6,298		9,442
	Other debtors			48,631		91,460
				54,929		100,902


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			10,000		10,000
	Taxation and social security costs			124,270		128,219
	Other creditors			24,838		27,044
				159,108		165,263


7	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			1,668		11,667


8	Related party transactions

	At the period end the company was owed £25,831 (2024: £66,756) by Mr Michael John Kemp, director. The loan is interest free and repayable on demand.


9	Controlling party

	The company is ultimately controlled by Mr Michael John Kemp, director, and Ms Alison Jane Fielder, shareholder, who together own 100% of the issued A share capital.


10	Basis of preparation

	At the period end, the company’s balance sheet showed net current liabilities of £20,740 (2024: £463). This includes £25,831 (2024: £66,756) owed from Mr Michael John Kemp, director. The director has indicated that he will continue to support the company. On this basis, the director feels it is appropriate that the accounts are prepared on a going concern basis.


11	Other information

	M J Kemp Electrical Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 3, Building B
	Green Court
	Truro
	Cornwall
	TR4 9LF