05074971falseprovision of electrical, fire safety and security installation services2025-04-012026-03-31http://www.companieshouse.gov.uk/2025-03-31http://www.companieshouse.gov.uk/cd:CompanySecretary12025-04-012026-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2025-03-31http://www.companieshouse.gov.uk/cd:Director12025-04-012026-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2026-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12025-04-012026-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2025-04-012026-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2025-04-012026-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2026-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2025-03-31http://www.companieshouse.gov.uk/2025-04-012026-03-31http://www.companieshouse.gov.uk/2025-03-31http://www.companieshouse.gov.uk/cd:FRS1022025-04-012026-03-31http://www.companieshouse.gov.uk/2026-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2025-04-012026-03-31http://www.companieshouse.gov.uk/cd:FilletedAccounts2025-04-012026-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 05074971
Midlands Electrical Fire & Security Ltd
ACCOUNTS
FOR THE YEAR ENDED 31/03/2026
Prepared By:
GT Accountants Ltd
Unit 7 The Court House
72 Moorland Road
Stoke-on-Trent
Staffordshire
ST6 1DY
Midlands Electrical Fire & Security Ltd
ACCOUNTS
FOR THE YEAR ENDED 31/03/2026
DIRECTORS
Richard McCredie
SECRETARY
Richard McCredie
REGISTERED OFFICE
Unit 2A Chemical Lane
Longport
Stoke-on-Trent
Staffordshire
ST6 4PB
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 05074971
BANKERS
Lloyds TSB
ACCOUNTANTS
GT Accountants Ltd
Unit 7 The Court House
72 Moorland Road
Stoke-on-Trent
Staffordshire
ST6 1DY
Midlands Electrical Fire & Security Ltd
ACCOUNTS
FOR THEYEARENDED31/03/2026
CONTENTS
Page
Balance Sheet3
Notes To The Accounts4
Midlands Electrical Fire & Security Ltd
BALANCE SHEET AT 31/03/2026
20262025
Notes££
FIXED ASSETS
Tangible assets3105,257138,104
CURRENT ASSETS
Stock20,18821,287
Debtors4141,464140,895
Cash at bank and in hand212,029258,918
373,681421,100
CREDITORS: Amounts falling due within one year5259,880326,516
NET CURRENT ASSETS113,80194,584
TOTAL ASSETS LESS CURRENT LIABILITIES219,058232,688
CREDITORS: Amounts falling due after more than one year6-9,302
PROVISIONS FOR LIABILITIES AND CHARGES26,38234,526
NET ASSETS192,676188,860
CAPITAL AND RESERVES
Called up share capital8100100
Profit and loss account192,576188,760
SHAREHOLDERS' FUNDS192,676188,860
For the year ending 31/03/2026 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 27/08/2026 and signed on their behalf by
Richard McCredie
Director
Midlands Electrical Fire & Security Ltd
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2026
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Short Leasehold Propertiesstraight line 4%
Plant and Machinerystraight line 20%
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsstraight line 20%
Motor Carsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Government Grants
Government grants are recognised in profit and loss in the year in which they are received.
Midlands Electrical Fire & Security Ltd
2. EMPLOYEES
20262025
No.No.
Average number of employees1111
3. TANGIBLE FIXED ASSETS
Land AndPlant and
BuildingsMachinery Etc.Total
£££
Cost
At 01/04/202514,431303,286317,717
Additions-2,0802,080
At 31/03/202614,431305,366319,797
Depreciation
At 01/04/20255,239174,374179,613
For the year57734,35034,927
At 31/03/20265,816208,724214,540
Net Book Amounts
At 31/03/20268,61596,642105,257
At 31/03/20259,192128,912138,104
4. DEBTORS 20262025
££
Amounts falling due within one year
Trade debtors126,211133,937
Prepayments15,2536,958
141,464140,895
Midlands Electrical Fire & Security Ltd
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20262025
££
UK corporation tax27,43844,216
VAT49,19857,684
PAYE control7,8277,936
Directors current account15,11215,216
Bank Loan1,66710,000
Credit card13,41123,074
Hire purchase7,6357,305
Trade creditors39,23954,638
Other creditors2,4372,437
Pension schemes3,1033,205
Accruals5,1865,075
Deferred income87,62795,730
259,880326,516
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20262025
££
Bank loans (unsecured) >1yr-1,667
Hire purchase >1yr-7,635
-9,302
7. SECURED CREDITORS
20262025
££
Amount of other creditors which are secured7,63514,631
Midlands Electrical Fire & Security Ltd
8. SHARE CAPITAL 20262025
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
9. RELATED PARTY TRANSACTIONS
During the year the company paid rent amounting to £7,980 in repsect of its trading premises to PR Properties a partnership in which the director has a 50% interest in.