REGISTERED NUMBER: 09449433 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2026

for

MJC Electrical Contractors Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M J Crowley

REGISTERED OFFICE:

First Floor

3 Elmdon Road

Marston Green

Birmingham

West Midlands

B37 7BS

REGISTERED NUMBER:

09449433 (England and Wales)

ACCOUNTANTS:

James, Stanley & Co. Limited

First Floor

3 Elmdon Road

Marston Green

Birmingham

West Midlands

B37 7BS

FIXED ASSETS

Intangible assets

5

-

-

Property, plant and equipment

6

16,521

23,156

16,521

23,156

CURRENT ASSETS

Inventories

7

15,778

15,815

Debtors

8

68,380

89,436

Cash at bank

520

128

84,678

105,379

CREDITORS

Amounts falling due within one year

9

70,359

87,610

NET CURRENT ASSETS

14,319

17,769

TOTAL ASSETS LESS CURRENT LIABILITIES

30,840

40,925

CREDITORS

Amounts falling due after more than one year

10

(30,049

)

(42,776

)

PROVISIONS FOR LIABILITIES

(3,067

)

(2,538

)

NET LIABILITIES

(2,276

)

(4,389

)

CAPITAL AND RESERVES

Called up share capital

12

100

100

Retained earnings

(2,376

)

(4,489

)

SHAREHOLDERS' FUNDS

(2,276

)

(4,389

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 10 August 2026 and were signed by:

M J Crowley - Director

1.	STATUTORY INFORMATION

MJC Electrical Contractors Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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. There have been no material departures from this standard.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Revenue

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

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

-

15% on reducing balance

Motor vehicles

-

20% on cost

Computer equipment

-

20% on cost

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Loans from the director

As a small entity the company measures a basic financial liability that are loans from the director at transaction price.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2025 - 6 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2025

and 28 February 2026

5,000

AMORTISATION

At 1 March 2025

and 28 February 2026

5,000

NET BOOK VALUE

At 28 February 2026

-

At 28 February 2025

-

6.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 March 2025

6,664

42,897

1,916

51,477

Additions

399

-

-

399

Disposals

(1,811

)

(12,998

)

(1,130

)

(15,939

)

At 28 February 2026

5,252

29,899

786

35,937

DEPRECIATION

At 1 March 2025

4,318

22,414

1,589

28,321

Charge for year

301

5,980

92

6,373

Eliminated on disposal

(1,263

)

(12,998

)

(1,017

)

(15,278

)

At 28 February 2026

3,356

15,396

664

19,416

NET BOOK VALUE

At 28 February 2026

1,896

14,503

122

16,521

At 28 February 2025

2,346

20,483

327

23,156

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

Motor

vehicles

£

COST

At 1 March 2025

42,897

Disposals

(12,998

)

At 28 February 2026

29,899

DEPRECIATION

At 1 March 2025

22,414

Charge for year

5,980

Eliminated on disposal

(12,998

)

At 28 February 2026

15,396

NET BOOK VALUE

At 28 February 2026

14,503

At 28 February 2025

20,483

7.	INVENTORIES

28.2.26

28.2.25

£

£

Stocks

13,140

13,565

Work-in-progress

2,638

2,250

15,778

15,815

8.

DEBTORS

28.2.26

28.2.25

£

£

Amounts falling due within one year:

Trade debtors

49,422

57,618

Other debtors

18,380

26,317

Prepayments and accrued income

578

1,033

68,380

84,968

Amounts falling due after more than one year:

Other debtors

-

4,468

Aggregate amounts

68,380

89,436

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

£

Bank loans and overdrafts

5,516

5,466

Hire purchase contracts

6,968

9,163

Trade creditors

35,758

52,432

Tax

6,968

11,078

Other creditors

6,086

7,191

Directors' current accounts

6,303

-

Accruals and deferred income

2,760

2,280

70,359

87,610

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.26

28.2.25

£

£

Bank loans - 1-5 years

20,683

23,130

Bank loans more than 5 years

-

3,058

Hire purchase contracts

9,366

16,588

30,049

42,776

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

-

3,058

11.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.26

28.2.25

£

£

Hire purchase contracts

16,334

25,751

Obligations under finance leases and hire purchase contracts are secured on the related lease assets.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.26

28.2.25

value:

£

£

100

Ordinary

1

100

100

13.	CAPITAL COMMITMENTS

28.2.26

28.2.25

£

£

Contracted but not provided for in the

financial statements

-

-

14.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2026 and 28 February 2025:

28.2.26

28.2.25

£

£

M J Crowley

Balance outstanding at start of year

13,239

18,551

Amounts advanced

-

23,150

Amounts repaid

(13,239

)

(28,462

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

13,239

15.	RELATED PARTY DISCLOSURES

The director's loan account is unsecured and interest free with no specific repayment terms.