Company Registration No. 11251885 (England and Wales)
Matt Baines Electrical Ltd
Unaudited accounts
for the year ended 31 March 2025
Matt Baines Electrical Ltd
Unaudited accounts
Contents
Matt Baines Electrical Ltd
Company Information
for the year ended 31 March 2025
Company Number
11251885 (England and Wales)
Registered Office
The Lambing Croft, Main Street
Rathmell
Settle
North Yorkshire
BD24 0LH
Accountants
Pearson & Associates
Suite E, Canal Wharf
Eshton Road
Gargrave, Skipton
North Yorkshire
BD23 3SE
Matt Baines Electrical Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
40,873
16,213
Cash at bank and in hand
1,244
48,711
Creditors: amounts falling due within one year
(15,759)
(34,975)
Net current assets
16,957
29,243
Total assets less current liabilities
57,830
45,456
Creditors: amounts falling due after more than one year
(32,546)
(6,928)
Called up share capital
100
100
Profit and loss account
25,184
38,428
Shareholders' funds
25,284
38,528
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 members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 December 2025 and were signed on its behalf by
M Baines
Director
Company Registration No. 11251885
Matt Baines Electrical Ltd
Notes to the Accounts
for the year ended 31 March 2025
Matt Baines Electrical Ltd is a private company, limited by shares, registered in England and Wales, registration number 11251885. The registered office is The Lambing Croft, Main Street, Rathmell, Settle, North Yorkshire, BD24 0LH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on Cost
Motor vehicles
25% reducing balance
Computer equipment
33.33% straight line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
1,979
36,529
2,334
40,842
Additions
-
32,779
-
32,779
Disposals
-
(15,499)
-
(15,499)
At 31 March 2025
1,979
53,809
2,334
58,122
At 1 April 2024
82
22,454
2,093
24,629
Charge for the year
474
3,406
146
4,026
On disposals
-
(11,406)
-
(11,406)
At 31 March 2025
556
14,454
2,239
17,249
At 31 March 2025
1,423
39,355
95
40,873
At 31 March 2024
1,897
14,075
241
16,213
Matt Baines Electrical Ltd
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Trade debtors
10,007
15,507
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
5,000
5,000
Obligations under finance leases and hire purchase contracts
-
3,159
Trade creditors
10,230
13,410
Taxes and social security
529
11,677
7
Creditors: amounts falling due after more than one year
2025
2024
8
Average number of employees
During the year the average number of employees was 3 (2024: 3).