Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-3110false2022-06-01falseNo description of principal activity10trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01561562 2022-06-01 2023-05-31 01561562 2021-06-01 2022-05-31 01561562 2023-05-31 01561562 2022-05-31 01561562 c:Director1 2022-06-01 2023-05-31 01561562 c:Director2 2022-06-01 2023-05-31 01561562 c:RegisteredOffice 2022-06-01 2023-05-31 01561562 d:Buildings 2022-06-01 2023-05-31 01561562 d:Buildings 2023-05-31 01561562 d:Buildings 2022-05-31 01561562 d:Buildings d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 01561562 d:Buildings d:LeasedAssetsHeldAsLessee 2022-06-01 2023-05-31 01561562 d:PlantMachinery 2022-06-01 2023-05-31 01561562 d:PlantMachinery 2023-05-31 01561562 d:PlantMachinery 2022-05-31 01561562 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 01561562 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-06-01 2023-05-31 01561562 d:MotorVehicles 2022-06-01 2023-05-31 01561562 d:MotorVehicles 2023-05-31 01561562 d:MotorVehicles 2022-05-31 01561562 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 01561562 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-06-01 2023-05-31 01561562 d:FurnitureFittings 2022-06-01 2023-05-31 01561562 d:FurnitureFittings 2023-05-31 01561562 d:FurnitureFittings 2022-05-31 01561562 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 01561562 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2022-06-01 2023-05-31 01561562 d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 01561562 d:LeasedAssetsHeldAsLessee 2022-06-01 2023-05-31 01561562 d:CurrentFinancialInstruments 2023-05-31 01561562 d:CurrentFinancialInstruments 2022-05-31 01561562 d:Non-currentFinancialInstruments 2023-05-31 01561562 d:Non-currentFinancialInstruments 2022-05-31 01561562 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 01561562 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 01561562 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 01561562 d:Non-currentFinancialInstruments d:AfterOneYear 2022-05-31 01561562 d:ShareCapital 2023-05-31 01561562 d:ShareCapital 2022-05-31 01561562 d:RevaluationReserve 2022-06-01 2023-05-31 01561562 d:RevaluationReserve 2023-05-31 01561562 d:RevaluationReserve 2022-05-31 01561562 d:RetainedEarningsAccumulatedLosses 2022-06-01 2023-05-31 01561562 d:RetainedEarningsAccumulatedLosses 2023-05-31 01561562 d:RetainedEarningsAccumulatedLosses 2022-05-31 01561562 c:FRS102 2022-06-01 2023-05-31 01561562 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 01561562 c:FullAccounts 2022-06-01 2023-05-31 01561562 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 01561562 d:HirePurchaseContracts d:WithinOneYear 2023-05-31 01561562 d:HirePurchaseContracts d:WithinOneYear 2022-05-31 01561562 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-05-31 01561562 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-05-31 01561562 5 2022-06-01 2023-05-31 01561562 d:AcceleratedTaxDepreciationDeferredTax 2023-05-31 01561562 d:AcceleratedTaxDepreciationDeferredTax 2022-05-31 iso4217:GBP xbrli:pure

Registered number: 01561562









T.B.S. MECHANICAL & ELECTRICAL DESIGN & BUILD LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

 
T.B.S. MECHANICAL & ELECTRICAL DESIGN & BUILD LIMITED
 
 
COMPANY INFORMATION


Directors
A Brewer 
D Bradbury 




Registered number
01561562



Registered office
263 Alcester Road South
Kings Heath

Birmingham

West Midlands

B14 6DT




Accountants
Wayside Accountancy Limited
Chartered Accountants

Mulberry Offices

46-48 Mere Green Road

Sutton Coldfield

B75 5BT





 
T.B.S. MECHANICAL & ELECTRICAL DESIGN & BUILD LIMITED
REGISTERED NUMBER: 01561562

BALANCE SHEET
AS AT 31 MAY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
351,250
371,473

  
351,250
371,473

Current assets
  

Stocks
  
8,674
3,132

Debtors: amounts falling due within one year
 5 
533,240
609,905

Cash at bank and in hand
  
305,107
18,227

  
847,021
631,264

Creditors: amounts falling due within one year
 6 
(689,803)
(481,727)

Net current assets
  
 
 
157,218
 
 
149,537

Total assets less current liabilities
  
508,468
521,010

Creditors: amounts falling due after more than one year
 7 
(17,442)
(28,183)

Provisions for liabilities
  

Deferred tax
 9 
(11,351)
(10,368)

Net assets
  
479,675
482,459


Capital and reserves
  

Called up share capital 
  
100
100

Revaluation reserve
 10 
119,805
124,709

Profit and loss account
 10 
359,770
357,650

  
479,675
482,459


Page 1

 
T.B.S. MECHANICAL & ELECTRICAL DESIGN & BUILD LIMITED
REGISTERED NUMBER: 01561562
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 October 2023.


A Brewer
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
T.B.S. MECHANICAL & ELECTRICAL DESIGN & BUILD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

TBS Mechanical & Electrical Design & Build Limited is a limited liability company incorporated and domicled in the United Kingdom. The address of its registered office is disclosed on the company information page. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
T.B.S. MECHANICAL & ELECTRICAL DESIGN & BUILD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
T.B.S. MECHANICAL & ELECTRICAL DESIGN & BUILD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight line and reducing balance method.

Depreciation is provided on the following basis:

Freehold property
-
2%
straight line
Plant and machinery
-
10%
reducing balance
Motor vehicles
-
33%
straight line and reducing balance
Fixtures and fittings
-
10%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
T.B.S. MECHANICAL & ELECTRICAL DESIGN & BUILD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2022 - 10).

Page 6

 
T.B.S. MECHANICAL & ELECTRICAL DESIGN & BUILD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 June 2022
400,000
37,751
48,490
70,184
556,425


Additions
-
-
-
474
474



At 31 May 2023

400,000
37,751
48,490
70,658
556,899



Depreciation


At 1 June 2022
91,200
27,678
4,041
62,033
184,952


Charge for the year on owned assets
9,600
891
-
1,316
11,807


Charge for the year on financed assets
-
-
8,890
-
8,890



At 31 May 2023

100,800
28,569
12,931
63,349
205,649



Net book value



At 31 May 2023
299,200
9,182
35,559
7,309
351,250



At 31 May 2022
308,800
10,073
44,449
8,151
371,473




The net book value of land and buildings may be further analysed as follows:


2023
2022
£
£

Freehold
299,200
308,800


Page 7

 
T.B.S. MECHANICAL & ELECTRICAL DESIGN & BUILD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

5.


Debtors

2023
2022
£
£


Trade debtors
106,462
203,940

Amounts owed by group undertakings
406,854
388,396

Prepayments and accrued income
19,924
17,569

533,240
609,905



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
-
86,173

Bank loans
40,271
45,405

Trade creditors
493,180
311,230

Corporation tax
16,422
5,637

Other taxation and social security
118,521
21,706

Obligations under finance lease and hire purchase contracts
10,741
10,339

Other creditors
2,118
1,237

Accruals and deferred income
8,550
-

689,803
481,727



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
17,442
28,183


Page 8

 
T.B.S. MECHANICAL & ELECTRICAL DESIGN & BUILD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

8.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
10,741
10,339

Between 1-5 years
17,442
28,183

28,183
38,522


9.


Deferred taxation




2023


£






At beginning of year
10,368


Charged to profit or loss
983



At end of year
11,351

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
11,351
10,368


10.


Reserves

Revaluation reserve

The reserve represents the revaluation of the company's freehold property. 

Profit and loss account

The profit and loss reserve represents accumulated profit and loss for the year and prior periods less dividends paid. 


11.


Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from thouse of the company in an independetly administered fund. Then pension cost charge represents contributions payable by the company to the fund and amounted to £24,748 (2022: £46,356). 

Page 9

 
T.B.S. MECHANICAL & ELECTRICAL DESIGN & BUILD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

12.


Controlling party

The ultimate parent and controlling party is T.B.S Mechanical Services Limited, a company incorporated in Great Britain.  

 
Page 10