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REGISTERED NUMBER: 12633674 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 May 2023

for

Newcastle Mechanical Services Limited

Newcastle Mechanical Services Limited (Registered number: 12633674)






Contents of the Financial Statements
for the year ended 31 May 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Newcastle Mechanical Services Limited

Company Information
for the year ended 31 May 2023







DIRECTOR: K A Charlton





REGISTERED OFFICE: Datum House
Electra Way
Crewe
Cheshire
CW1 6ZF





REGISTERED NUMBER: 12633674 (England and Wales)





ACCOUNTANTS: Banks Sheridan
Datum House
Electra Way
Crewe
Cheshire
CW1 6ZF

Newcastle Mechanical Services Limited (Registered number: 12633674)

Statement of Financial Position
31 May 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 27,421 35,118

CURRENT ASSETS
Stocks 6 4,500 500
Debtors 7 134,771 75,498
Cash at bank 16,309 34,617
155,580 110,615
CREDITORS
Amounts falling due within one year 8 (80,772 ) (53,828 )
NET CURRENT ASSETS 74,808 56,787
TOTAL ASSETS LESS CURRENT
LIABILITIES

102,229

91,905

CREDITORS
Amounts falling due after more than one year 9 (18,109 ) (24,146 )

PROVISIONS FOR LIABILITIES 10 (6,856 ) (8,668 )
NET ASSETS 77,264 59,091

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 77,164 58,991
77,264 59,091

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

Newcastle Mechanical Services Limited (Registered number: 12633674)

Statement of Financial Position - continued
31 May 2023


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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 October 2023 and were signed by:





K A Charlton - Director


Newcastle Mechanical Services Limited (Registered number: 12633674)

Notes to the Financial Statements
for the year ended 31 May 2023

1. STATUTORY INFORMATION

Newcastle Mechanical Services Limited ('The Company') is primarily engaged in mechanical services.

The company is a private company limited by shares and is incorporated in England and Wales. The address of the principle place of business is Unit 18, Watermills Road, Newcastle Under Lyme, Staffordshire, ST5 6AT and the registered office is Datum House, Electra Way, Crewe, CW1 6ZF.The registered number can be found on the Company Information page.

The functional and presentational currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Summary of significant accounting policies
The financial statements have been prepared under the historical cost convention.

The principle accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation
The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern
No other material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the director. Therefore the director considers it appropriate to prepare the financial statements on the going concern basis.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value).


Newcastle Mechanical Services Limited (Registered number: 12633674)

Notes to the Financial Statements - continued
for the year ended 31 May 2023

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 period end.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the period end.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2022 498 34,135 1,031 35,664
Additions 1,645 - - 1,645
At 31 May 2023 2,143 34,135 1,031 37,309
DEPRECIATION
At 1 June 2022 125 163 258 546
Charge for year 505 8,493 344 9,342
At 31 May 2023 630 8,656 602 9,888
NET BOOK VALUE
At 31 May 2023 1,513 25,479 429 27,421
At 31 May 2022 373 33,972 773 35,118

Newcastle Mechanical Services Limited (Registered number: 12633674)

Notes to the Financial Statements - continued
for the year ended 31 May 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 June 2022
and 31 May 2023 33,485
DEPRECIATION
Charge for year 8,372
At 31 May 2023 8,372
NET BOOK VALUE
At 31 May 2023 25,113
At 31 May 2022 33,485

6. STOCKS
2023 2022
£    £   
Stocks 4,500 500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 118,463 60,842
Other debtors 2,250 -
Directors' current accounts 9,918 4,000
VAT 4,140 10,656
134,771 75,498

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 6,036 6,036
Trade creditors 9,963 24,935
Tax 31,062 13,248
Social security and other taxes 8,536 4,637
Accrued expenses 25,175 4,972
80,772 53,828

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 18,109 24,146

Newcastle Mechanical Services Limited (Registered number: 12633674)

Notes to the Financial Statements - continued
for the year ended 31 May 2023

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 6,856 8,668

Deferred
tax
£   
Balance at 1 June 2022 8,668
Credit to Income Statement during year (1,812 )
Balance at 31 May 2023 6,856