REGISTERED NUMBER: 06455325 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

MDP Electrical Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

M D Price

Mrs R L Price

REGISTERED OFFICE:

Church Cottages

Frog Lane

North Nibley

Gloucestershire

GL11 6DJ

REGISTERED NUMBER:

06455325 (England and Wales)

ACCOUNTANTS:

HATS Gloucester Ltd

48 Hucclecote Road

Gloucester

Gloucestershire

GL3 3RS

BANKERS:

Lloyds Bank

12 Rowcroft

Stroud

GL5 3BD

FIXED ASSETS

Intangible assets

4

502

-

Tangible assets

5

32,563

43,264

33,065

43,264

CURRENT ASSETS

Stocks

3,000

3,000

Debtors

6

71,012

64,483

Cash in hand

-

1

74,012

67,484

CREDITORS

Amounts falling due within one year

7

70,616

58,630

NET CURRENT ASSETS

3,396

8,854

TOTAL ASSETS LESS CURRENT LIABILITIES

36,461

52,118

CREDITORS

Amounts falling due after more than one year

8

(30,199

)

(43,479

)

PROVISIONS FOR LIABILITIES

(6,188

)

(8,221

)

NET ASSETS

74

418

CAPITAL AND RESERVES

Called up share capital

1

1

Profit and loss account

73

417

SHAREHOLDERS' FUNDS

74

418

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 July 2026 and were signed on its behalf by:

M D Price - Director

1.	STATUTORY INFORMATION

MDP Electrical Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured

at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

Cost

Additions

502

At 31 December 2025

502

Net book value

At 31 December 2025

502

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

Cost

At 1 January 2025

56,029

1,272

50,895

3,515

111,711

Additions

714

-

-

-

714

At 31 December 2025

56,743

1,272

50,895

3,515

112,425

Depreciation

At 1 January 2025

41,831

846

22,863

2,907

68,447

Charge for year

3,729

213

7,008

465

11,415

At 31 December 2025

45,560

1,059

29,871

3,372

79,862

Net book value

At 31 December 2025

11,183

213

21,024

143

32,563

At 31 December 2024

14,198

426

28,032

608

43,264

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

Cost

At 1 January 2025

and 31 December 2025

33,776

50,895

84,671

Depreciation

At 1 January 2025

22,345

22,863

45,208

Charge for year

2,858

7,008

9,866

At 31 December 2025

25,203

29,871

55,074

Net book value

At 31 December 2025

8,573

21,024

29,597

At 31 December 2024

11,431

28,032

39,463

6.

DEBTORS

31/12/25

31/12/24

£

£

Amounts falling due within one year:

Trade debtors

1,854

10,577

Other debtors

54,166

41,621

56,020

52,198

Amounts falling due after more than one year:

Other debtors

14,992

12,285

Aggregate amounts

71,012

64,483

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

£

Bank loans and overdrafts

5,054

16,892

Hire purchase contracts (see note 9)

9,291

6,335

Trade creditors

26,480

28,121

Taxation and social security

11,516

2,039

Other creditors

18,275

5,243

70,616

58,630

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/25

31/12/24

£

£

Bank loans

-

1,250

Hire purchase contracts (see note 9)

30,199

42,229

30,199

43,479

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31/12/25

31/12/24

£

£

Net obligations repayable:

Within one year

9,291

6,335

Between one and five years

30,199

42,229

39,490

48,564

Non-cancellable

operating leases

31/12/25

31/12/24

£

£

Within one year

1,711

1,599

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2025 and 31 December 2024:

31/12/25

31/12/24

£

£

M D Price and Mrs R L Price

Balance outstanding at start of year

38,220

42,952

Amounts advanced

42,868

53,958

Amounts repaid

(36,116

)

(58,690

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

44,972

38,220

Interest is charged on the above loan to the directors, included within other debtors, at the HM Revenue and Customs official rate of interest. Interest of £1,372 (2024 - £881) was charged during the year. The loan has no fixed repayment terms.