Company Registration No. 13034212 (England and Wales)
Mass Engineering Services Ltd
Unaudited accounts
for the period from 20 November 2020 to 30 November 2021
Mass Engineering Services Ltd
Unaudited accounts
Contents
Mass Engineering Services Ltd
Company Information
for the period from 20 November 2020 to 30 November 2021
Company Number
13034212 (England and Wales)
Registered Office
2 Exeter Street
Cottingham
HU16 4LU
Accountants
Kendall Accountancy Services Limited
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Mass Engineering Services Ltd for the period from 20 November 2020 to 30 November 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Mass Engineering Services Ltd for the period from
20 November 2020 to
30 November 2021 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
Kendall Accountancy Services Limited
Chartered Accountants
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
9 August 2022
Mass Engineering Services Ltd
Statement of financial position
as at 30 November 2021
Cash at bank and in hand
2,883
Creditors: amounts falling due within one year
(7,765)
Net current liabilities
(794)
Total assets less current liabilities
8,550
Creditors: amounts falling due after more than one year
(7,149)
Called up share capital
100
Profit and loss account
1,301
For the period ending 30 November 2021 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 August 2022 and were signed on its behalf by
Mr Mark Waudby
Director
Company Registration No. 13034212
Mass Engineering Services Ltd
Notes to the Accounts
for the period from 20 November 2020 to 30 November 2021
Mass Engineering Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 13034212. The registered office is 2 Exeter Street, Cottingham, HU16 4LU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Written Down Value
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Expenditure on research and development is written off in the year in which it is incurred.
Mass Engineering Services Ltd
Notes to the Accounts
for the period from 20 November 2020 to 30 November 2021
4
Tangible fixed assets
Motor vehicles
At 30 November 2021
10,194
5
Debtors: amounts falling due within one year
2021
6
Creditors: amounts falling due within one year
2021
Obligations under finance leases and hire purchase contracts
784
Taxes and social security
6,837
7
Creditors: amounts falling due after more than one year
2021
Obligations under finance leases and hire purchase contracts
7,149
Allotted, called up and fully paid:
1 Ordinary shares of £100 each
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's Loan
-
4,088
-
4,088
10
Average number of employees
During the period the average number of employees was 1.