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REGISTERED NUMBER: 05399033 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

COTSWOLD MECHANICAL SERVICES LIMITED

COTSWOLD MECHANICAL SERVICES LIMITED (REGISTERED NUMBER: 05399033)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


COTSWOLD MECHANICAL SERVICES LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2022







DIRECTOR: P N Dix





SECRETARY: Mrs K Dix





REGISTERED OFFICE: 42 Liddington Road
Longlevens
Gloucester
Gloucestershire
GL2 0HL





REGISTERED NUMBER: 05399033 (England and Wales)





ACCOUNTANTS: Kingscott Dix (Cheltenham) Limited
Chartered Accountants
Malvern View Business Park
Stella Way
Bishops Cleeve
Cheltenham
Gloucestershire
GL52 7DQ

COTSWOLD MECHANICAL SERVICES LIMITED (REGISTERED NUMBER: 05399033)

BALANCE SHEET
31 March 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,904 12,941

CURRENT ASSETS
Debtors 5 21,878 39,749
Cash at bank 50,721 28,552
72,599 68,301
CREDITORS
Amounts falling due within one year 6 64,818 58,508
NET CURRENT ASSETS 7,781 9,793
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,685

22,734

PROVISIONS FOR LIABILITIES 3,222 3,222
NET ASSETS 14,463 19,512

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 14,461 19,510
SHAREHOLDERS' FUNDS 14,463 19,512

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 August 2022 and were signed by:



P N Dix - Director


COTSWOLD MECHANICAL SERVICES LIMITED (REGISTERED NUMBER: 05399033)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Cotswold Mechanical Services 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. 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.

Significant judgements and estimates
The directors are of the opinion that there are no significant judgements or estimations used in preparing the financial statements.

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.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 10% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

COTSWOLD MECHANICAL SERVICES LIMITED (REGISTERED NUMBER: 05399033)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2021
and 31 March 2022 5,229 74,227 4,346 83,802
DEPRECIATION
At 1 April 2021 4,611 63,017 3,233 70,861
Charge for year 123 2,803 111 3,037
At 31 March 2022 4,734 65,820 3,344 73,898
NET BOOK VALUE
At 31 March 2022 495 8,407 1,002 9,904
At 31 March 2021 618 11,210 1,113 12,941

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 14,344 34,711
Other debtors 900 900
VAT 2,694 -
Prepayments 3,940 4,138
21,878 39,749

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 14,320 9,692
Tax 8,643 8,154
Social security and other taxes 1,486 1,494
VAT - 6,787
Directors' current accounts 37,940 30,000
Accrued expenses 2,429 2,381
64,818 58,508

7. ULTIMATE CONTROLLING PARTY

The controlling party is P N Dix.