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REGISTERED NUMBER: 08550296 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2023

for

JH Mechanical & Electrical Services
Limited

Previously known as
JH Mechanical Services
Limited

JH Mechanical & Electrical Services
Limited (Registered number: 08550296)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JH Mechanical & Electrical Services
Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: J Heward
H P Heward





REGISTERED OFFICE: Unit 10C Perry Avenue
Teesside Industrial Estate
THORNABY
TS17 9LN





REGISTERED NUMBER: 08550296 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
140 Coniscliffe Road
DARLINGTON
Co Durham
DL3 7RT

JH Mechanical & Electrical Services
Limited (Registered number: 08550296)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,785 59,988

CURRENT ASSETS
Stocks 5 330,101 275,245
Debtors 6 629,522 602,473
Cash at bank and in hand 240,593 85,767
1,200,216 963,485
CREDITORS
Amounts falling due within one year 7 1,038,056 700,577
NET CURRENT ASSETS 162,160 262,908
TOTAL ASSETS LESS CURRENT
LIABILITIES

199,945

322,896

CREDITORS
Amounts falling due after more than one
year

8

(93,505

)

(218,533

)

PROVISIONS FOR LIABILITIES 11 (8,164 ) (14,541 )
NET ASSETS 98,276 89,822

CAPITAL AND RESERVES
Called up share capital 12 101 101
Retained earnings 98,175 89,721
SHAREHOLDERS' FUNDS 98,276 89,822

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

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

JH Mechanical & Electrical Services
Limited (Registered number: 08550296)

Balance Sheet - continued
31 March 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2023 and were signed on its behalf by:





J Heward - Director


JH Mechanical & Electrical Services
Limited (Registered number: 08550296)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

JH Mechanical & Electrical 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from this standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Income recognition
Income is recognised when the services have been provided.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stock and work in progress are valued at the lower of cost and estimated selling price less costs to sell.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit and loss.

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.


JH Mechanical & Electrical Services
Limited (Registered number: 08550296)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
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
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 37 (2022 - 34 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 30,509 18,570 35,400 22,450 106,929
Additions - 3,133 230 3,940 7,303
Disposals - - (30,400 ) - (30,400 )
At 31 March 2023 30,509 21,703 5,230 26,390 83,832
DEPRECIATION
At 1 April 2022 22,165 1,467 12,852 10,457 46,941
Charge for year 1,252 2,617 527 4,461 8,857
Eliminated on disposal - - (9,751 ) - (9,751 )
At 31 March 2023 23,417 4,084 3,628 14,918 46,047
NET BOOK VALUE
At 31 March 2023 7,092 17,619 1,602 11,472 37,785
At 31 March 2022 8,344 17,103 22,548 11,993 59,988

5. STOCKS
2023 2022
£    £   
Stocks 139,962 151,078
Work-in-progress 190,139 124,167
330,101 275,245

JH Mechanical & Electrical Services
Limited (Registered number: 08550296)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 615,662 543,610
Other debtors 11,760 11,760
Directors' current accounts - 45,559
Prepayments and accrued income 2,100 1,544
629,522 602,473

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans 133,480 133,480
Trade creditors 346,294 399,429
Taxation and social security 236,144 113,980
Other creditors 96,733 49,688
Directors' current accounts 221,405 -
Accruals and deferred income 4,000 4,000
1,038,056 700,577

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other loans - 1-2 years 88,298 133,480
Other loans - 2-5 years 5,207 85,053
93,505 218,533

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 38,852 58,528
Between one and five years 33,654 74,828
72,506 133,356

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Other loans 226,985 352,013

Loans contains a fixed and floating charge over the assets of the company.

JH Mechanical & Electrical Services
Limited (Registered number: 08550296)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 8,164 14,541

Deferred
tax
£   
Balance at 1 April 2022 14,541
Accelerated capital allowance (6,377 )
Balance at 31 March 2023 8,164

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100
1 Ordinary B £1 1 1
101 101

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
J Heward
Balance outstanding at start of year 22,800 (8,047 )
Amounts advanced 69,277 30,847
Amounts repaid (202,779 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (110,702 ) 22,800

H P Heward
Balance outstanding at start of year 22,799 (8,048 )
Amounts advanced 69,278 30,847
Amounts repaid (202,780 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (110,703 ) 22,799

14. RELATED PARTY DISCLOSURES

At the balance sheet date, amounts owed to the directors is £221,405 (2022:owed from directors £45,559). No interest has been charged on this balance.