REGISTERED NUMBER: 02712445 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2025

FOR

M. D. ELECTRICAL COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M J Diez

D Burns

REGISTERED OFFICE:

Manufactory House

Bell Lane

Hertford

Hertfordshire

SG14 1BP

REGISTERED NUMBER:

02712445 (England and Wales)

ACCOUNTANTS:

Cook and Partners Limited

Chartered Accountants

Manufactory House

Bell Lane

Hertford

Hertfordshire

SG14 1BP

BANKERS:

Barclays Bank Plc

12 Market Street

Hertford

Hertfordshire

EN8 9BW

FIXED ASSETS

Tangible assets

4

63,135

91,906

CURRENT ASSETS

Stocks

71,511

71,592

Debtors

5

186,691

232,810

Cash at bank

141,491

161,397

399,693

465,799

CREDITORS

Amounts falling due within one year

6

201,302

224,662

NET CURRENT ASSETS

198,391

241,137

TOTAL ASSETS LESS CURRENT LIABILITIES

261,526

333,043

CREDITORS

Amounts falling due after more than one year

7

(8,889

)

(38,611

)

PROVISIONS FOR LIABILITIES

(11,995

)

(17,462

)

NET ASSETS

240,642

276,970

CAPITAL AND RESERVES

Called up share capital

1,100

1,100

Retained earnings

239,542

275,870

SHAREHOLDERS' FUNDS

240,642

276,970

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11th November 2025 and were signed on its behalf by:

M J Diez - Director

1.	STATUTORY INFORMATION

M. D. Electrical Company 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.

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.

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 etc

-

25% on cost and 20% on cost

Stocks

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 items.

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st August 2024

and 31st July 2025

388,738

DEPRECIATION

At 1st August 2024

296,832

Charge for year

28,771

At 31st July 2025

325,603

NET BOOK VALUE

At 31st July 2025

63,135

At 31st July 2024

91,906

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

Plant and

machinery

etc

£

COST

At 1st August 2024

141,544

Transfer to ownership

(41,007

)

At 31st July 2025

100,537

DEPRECIATION

At 1st August 2024

96,217

Charge for year

9,831

Transfer to ownership

(35,014

)

At 31st July 2025

71,034

NET BOOK VALUE

At 31st July 2025

29,503

At 31st July 2024

45,327

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

115,831

175,528

Other debtors

70,860

57,282

186,691

232,810

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

9,167

10,000

Hire purchase contracts

20,556

39,120

Trade creditors

68,989

73,464

Taxation and social security

54,345

66,201

Other creditors

48,245

35,877

201,302

224,662

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

9,167

Hire purchase contracts

8,889

29,444

8,889

38,611

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st July 2025 and 31st July 2024:

2025

2024

£

£

M J Diez

Balance outstanding at start of year

25,747

13,747

Amounts advanced

12,730

12,000

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

38,477

25,747