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
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
MB Electrical (EA) Limited
Statement of financial position
as at 31 May 2025
Intangible assets
12,000
14,000
Tangible assets
6,314
8,652
Cash at bank and in hand
7,599
13,810
Creditors: amounts falling due within one year
(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)
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
MB Electrical (EA) Limited
Notes to the Accounts
for the year ended 31 May 2025
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.
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.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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 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.
MB Electrical (EA) Limited
Notes to the Accounts
for the year ended 31 May 2025
4
Intangible fixed assets
Goodwill
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
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
At 31 May 2025
6,139
29
146
6,314
At 31 May 2024
8,185
57
410
8,652
Amounts falling due within one year
Trade debtors
10,356
8,635
Amounts falling due after more than one year
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
Trade creditors
13,133
19,368
Taxes and social security
19,760
18,273
Loans from directors
1,886
14,420
8
Average number of employees
During the year the average number of employees was 3 (2024: 3).