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Company Registration No. 10835292 (England and Wales)
MECHANICS AND WELDING LIMITED Accounts for the year ended 30 June 2023
MECHANICS AND WELDING LIMITED Accounts Contents
Page
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MECHANICS AND WELDING LIMITED Company Information for the year ended 30 June 2023
Director
Oleksandr Dereshchuk
Company Number
10835292 (England and Wales)
Registered Office
64 Hazel Avenue Farnborough England GU14 0DW
Accountants
ABN Accounting Limited 85 Great Portland Street First Floor London United Kingdom W1W 7LT
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MECHANICS AND WELDING LIMITED Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
1,962 
- 
Cash at bank and in hand
9,164 
3,253 
11,126 
3,253 
Creditors: amounts falling due within one year
(5,678)
(3,080)
Net current assets
5,448 
173 
Net assets
5,448 
173 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
5,348 
73 
Shareholders' funds
5,448 
173 
For the year ending 30 June 2023 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 6 October 2023 and were signed on its behalf by
Oleksandr Dereshchuk Director Company Registration No. 10835292
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MECHANICS AND WELDING LIMITED Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
MECHANICS AND WELDING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10835292. The registered office is 64 Hazel Avenue, Farnborough, England, GU14 0DW.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,882 
- 
Accrued income and prepayments
80 
- 
1,962 
- 
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MECHANICS AND WELDING LIMITED Notes to the Accounts for the year ended 30 June 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
1,171 
- 
Taxes and social security
961 
(30)
Loans from directors
3,546 
3,110 
5,678 
3,080 
6
Average number of employees
During the year the average number of employees was 2 (2022: 3).
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