MCE Electrical Contractors Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

MCE Electrical Contractors Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09646975 . The registered office is Progress Works, Hall Lane, Bradford, West Yorkshire, BD4 7DN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	2% Straight line
Plant & Machinery	25% Straight line
Motor Vehicles	25% Reducing balance
Fixtures & Fittings	25% Straight line

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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MCE Electrical Contractors Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 11 (2024: 12)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 January 2025	68,240	-	186,781	8,784	263,805
Additions	-	840	-	1,063	1,903

As at 31 December 2025	68,240	840	186,781	9,847	265,708

Depreciation
As at 1 January 2025	2,730	-	96,917	7,447	107,094
Provided during the period	1,364	-	25,240	545	27,149

As at 31 December 2025	4,094	-	122,157	7,992	134,243

Net Book Value
As at 31 December 2025	64,146	840	64,624	1,855	131,465

As at 1 January 2025	65,510	-	89,864	1,337	156,711

5. Stocks

	2025	2024
	£	£
Stock	5,400	-
Materials	194,832	5,400
Work in progress	135,498	-

	335,730	5,400

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MCE Electrical Contractors Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	272,872	344,956
Prepayments and accrued income	10,539	15,543
VAT	4,987	-
Amounts owed by other participating interests	164,483	401,273

	452,881	761,772

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	294,711	240,356
Bank loans and overdrafts	7,908	10,315
Corporation tax	26,975	64,884
Other taxes and social security	13,325	11,446
VAT	-	34,653
Net wages	5,673	5,885
Other creditors	52,979	-
Pension liability	1,984	5,571
Accruals and deferred income	3,350	5,014
Directors' loan accounts	-	11,990
Amounts owed to other participating interests	654	465

	407,559	390,579

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	-	7,904

9. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	16,830	22,800

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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MCE Electrical Contractors Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

11. Related Party Transactions

Varleys Builders Merchant Ltd

Under common control

As at the balance sheet date the amount owed to the related party was £462 (2024: £144).

Metalcraft Projects UK Ltd

Under common control

As at the balance sheet date the amount owed by the related party was £876 (2024: £13,176).

Metalcraft Laser Ltd

Under common control

As at the balance sheet date the amount owed to the related party was £30 (2024: amount owed by the related party was £199).

Process Pump Solutions Ltd

Under common control

As at the balance sheet date the amount owed by the related party was £2,670 (2024: £7,932).

M Craft Developments Ltd

Under common control

As at the balance sheet date the amount owed to the related party was £162 (2024: amount owed by the related party was £25,771).

Metalcraft Precision Engineering Ltd

Under common control

As at the balance sheet date the amount owed by the related party was £2,466 (2024: amount owed to the related party was £321).

Metalcraft Europe Ltd

Under common control

As at the balance sheet date the amount owed by the related party was £66,047 (2024: £188,949).

Varley Group (Bradford) Ltd

Under common control

As at the balance sheet date the amount owed by the related party was £92,424 (2024: £165,246).

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		131,465		156,711

			131,465		156,711
CURRENT ASSETS
Stocks	5	335,730		5,400
Debtors	6	452,881		761,772
Cash at bank and in hand		60,232		66,213

		848,843		833,385
Creditors: Amounts Falling Due Within One Year	7	(407,559 )		(390,579 )

NET CURRENT ASSETS (LIABILITIES)			441,284		442,806

TOTAL ASSETS LESS CURRENT LIABILITIES			572,749		599,517

Creditors: Amounts Falling Due After More Than One Year	8		-		(7,904 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	9		(16,830 )		(22,800 )

NET ASSETS			555,919		568,813

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			555,819		568,713

SHAREHOLDERS' FUNDS			555,919		568,813