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Company Registration No. 13418924 (England and Wales)
MB Electrical (EA) Limited Unaudited accounts for the year ended 31 May 2025
MB Electrical (EA) Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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MB Electrical (EA) Limited Company Information for the year ended 31 May 2025
Directors
Matthew Baldock Jack Baldock
Company Number
13418924 (England and Wales)
Registered Office
13 The Close Norwich NR1 4DS United Kingdom
Accountants
JHW Azoth Ltd 13 The Close Norwich Norfolk NR1 4DS
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MB Electrical (EA) Limited Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
12,000
14,000
Tangible assets
5
6,314
8,652
18,314
22,652
Current assets
Inventories
8,150
14,762
Debtors
6
12,535
10,136
Cash at bank and in hand
7,599
13,810
28,284
38,708
Creditors: amounts falling due within one year
7
(41,715)
(59,656)
Net current liabilities
(13,431)
(20,948)
Total assets less current liabilities
4,883
1,704
Provisions for liabilities
Deferred tax
(4,579)
(1,401)
Net assets
304
303
Capital and reserves
Called up share capital
100
100
Profit and loss account
204
203
Shareholders' funds
304
303
For the year ending 31 May 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 directors acknowledge 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 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 of Directors and authorised for issue on 18 December 2025 and were signed on its behalf by
Matthew Baldock Director Company Registration No. 13418924
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MB Electrical (EA) Limited Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
MB Electrical (EA) Limited is a private company, limited by shares, registered in England and Wales, registration number 13418924. The registered office is 13 The Close, Norwich, NR1 4DS, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Motor vehicles
25% Reducing Balance
Fixtures & fittings
20% Straight Line
Computer equipment
25% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Going concern
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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MB Electrical (EA) Limited Notes to the Accounts for the year ended 31 May 2025
4
Intangible fixed assets
Goodwill
£
Cost
At 1 June 2024
20,000
At 31 May 2025
20,000
Amortisation
At 1 June 2024
6,000
Charge for the year
2,000
At 31 May 2025
8,000
Net book value
At 31 May 2025
12,000
At 31 May 2024
14,000
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 June 2024
11,572
141
1,084
12,797
At 31 May 2025
11,572
141
1,084
12,797
Depreciation
At 1 June 2024
3,387
84
674
4,145
Charge for the year
2,046
28
264
2,338
At 31 May 2025
5,433
112
938
6,483
Net book value
At 31 May 2025
6,139
29
146
6,314
At 31 May 2024
8,185
57
410
8,652
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
10,356
8,635
Other debtors
-
1,501
10,356
10,136
Amounts falling due after more than one year
Other debtors
2,179
-
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MB Electrical (EA) Limited Notes to the Accounts for the year ended 31 May 2025
7
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
6,936
7,595
Trade creditors
13,133
19,368
Taxes and social security
19,760
18,273
Loans from directors
1,886
14,420
41,715
59,656
8
Average number of employees
During the year the average number of employees was 3 (2024: 3).
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