Caseware UK (AP4) 2022.0.179 2022.0.179 2022-10-312022-10-31272021-11-01falseNo description of principal activity27truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05412731 2021-11-01 2022-10-31 05412731 2020-05-01 2021-10-31 05412731 2022-10-31 05412731 2021-10-31 05412731 c:Director1 2021-11-01 2022-10-31 05412731 d:MotorVehicles 2021-11-01 2022-10-31 05412731 d:FurnitureFittings 2021-11-01 2022-10-31 05412731 d:OtherPropertyPlantEquipment 2021-11-01 2022-10-31 05412731 d:OtherPropertyPlantEquipment 2022-10-31 05412731 d:OtherPropertyPlantEquipment 2021-10-31 05412731 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2021-11-01 2022-10-31 05412731 d:CurrentFinancialInstruments 2022-10-31 05412731 d:CurrentFinancialInstruments 2021-10-31 05412731 d:Non-currentFinancialInstruments 2022-10-31 05412731 d:Non-currentFinancialInstruments 2021-10-31 05412731 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 05412731 d:CurrentFinancialInstruments d:WithinOneYear 2021-10-31 05412731 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-31 05412731 d:Non-currentFinancialInstruments d:AfterOneYear 2021-10-31 05412731 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-10-31 05412731 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-10-31 05412731 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-10-31 05412731 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2021-10-31 05412731 d:ShareCapital 2022-10-31 05412731 d:ShareCapital 2021-10-31 05412731 d:RetainedEarningsAccumulatedLosses 2022-10-31 05412731 d:RetainedEarningsAccumulatedLosses 2021-10-31 05412731 c:OrdinaryShareClass1 2021-11-01 2022-10-31 05412731 c:OrdinaryShareClass1 2022-10-31 05412731 c:OrdinaryShareClass1 2021-10-31 05412731 c:FRS102 2021-11-01 2022-10-31 05412731 c:AuditExempt-NoAccountantsReport 2021-11-01 2022-10-31 05412731 c:FullAccounts 2021-11-01 2022-10-31 05412731 c:PrivateLimitedCompanyLtd 2021-11-01 2022-10-31 05412731 2 2021-11-01 2022-10-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05412731









BUXTON + MCNULTY MECHANICAL SERVICES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2022

 
BUXTON + MCNULTY MECHANICAL SERVICES LIMITED
REGISTERED NUMBER: 05412731

BALANCE SHEET
AS AT 31 OCTOBER 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
53,357
57,423

Investments
 5 
15,381
15,381

  
68,738
72,804

Current assets
  

Debtors: amounts falling due after more than one year
 6 
584,379
584,379

Debtors: amounts falling due within one year
 6 
1,182,976
1,645,545

Cash at bank and in hand
 7 
729,687
1,328,828

  
2,497,042
3,558,752

Creditors: amounts falling due within one year
 8 
(388,080)
(1,782,516)

Net current assets
  
 
 
2,108,962
 
 
1,776,236

Total assets less current liabilities
  
2,177,700
1,849,040

Creditors: amounts falling due after more than one year
 9 
-
(94,549)

  

Net assets
  
2,177,700
1,754,491


Capital and reserves
  

Called up share capital 
 11 
1,000
1,000

Profit and loss account
  
2,176,700
1,753,491

  
2,177,700
1,754,491


The director considers 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 director acknowledges his 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.
Page 1

 
BUXTON + MCNULTY MECHANICAL SERVICES LIMITED
REGISTERED NUMBER: 05412731
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2022


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 25 October 2023.




T D McNulty Esq
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
BUXTON + MCNULTY MECHANICAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

1.


General information

Buxton + McNulty Mechanical Services Limited is a private company limited by shares and incorporated in England and Wales. The registered office address of the Company is Horizons Business Centre, Veridion Park, Unit 28 Alder Close, Erith, Kent, DA18 8AJ. The principal activity of the Company during the year was that of a mechanical services contractor.

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:

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

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
BUXTON + MCNULTY MECHANICAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

2.Accounting policies (continued)

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the statement of comprehensive income in the same period as the related expenditure.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

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.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

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.

 
2.9

Taxation

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.

 
2.10

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

 
BUXTON + MCNULTY MECHANICAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

2.Accounting policies (continued)


2.10
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following bases:

Motor vehicles
-
33% Reducing Balance
Fixtures & fittings
-
33% 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.

  
2.11

Valuation of investments

Investments are measured at cost less accumulated impairment.

 
2.12

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.

 
2.13

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.

 
2.14

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.

 
2.15

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.16

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.

Page 5

 
BUXTON + MCNULTY MECHANICAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

3.


Employees

The average monthly number of employees, including directors, during the year was 27 (2021 - 27).


4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 November 2021
249,767


Additions
18,224



At 31 October 2022

267,991



Depreciation


At 1 November 2021
192,344


Charge for the year on owned assets
22,290



At 31 October 2022

214,634



Net book value



At 31 October 2022
53,357



At 31 October 2021
57,423

Page 6

 
BUXTON + MCNULTY MECHANICAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 November 2021
15,381



At 31 October 2022
15,381





6.


Debtors

2022
2021
£
£

Due after more than one year

Amounts owed by group undertakings
584,379
584,379

584,379
584,379


2022
2021
£
£

Due within one year

Trade debtors
238,645
668,155

Amounts owed by group undertakings
297,523
-

Other debtors
345,543
110,508

Prepayments and accrued income
301,265
866,882

1,182,976
1,645,545



7.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
729,687
1,328,828

729,687
1,328,828


Page 7

 
BUXTON + MCNULTY MECHANICAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

8.


Creditors: Amounts falling due within one year

2022
2021
£
£

Bank loans
-
11,567

Trade creditors
174,478
327,679

Bills of exchange
21,945
42,520

Amounts owed to group undertakings
-
805,220

Corporation tax
-
456,111

Other taxation and social security
12,369
50,220

Other creditors
1,869
2,265

Accruals and deferred income
177,419
86,934

388,080
1,782,516



9.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Bank loans
-
94,549

-
94,549





10.


Loans


Analysis of the maturity of loans is given below:


2022
2021
£
£

Amounts falling due within one year

Bank loans
-
11,567

Amounts falling due 2-5 years

Bank loans
-
22,431

Amounts falling due after more than 5 years

Bank loans
-
72,118

-
106,116


Page 8

 
BUXTON + MCNULTY MECHANICAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

11.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



1,000 (2021 - 1,000) Ordinary shares of £1.00 each
1,000
1,000



12.


Pension commitments

The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £23,782 (2021: £88,781).


13.


Transactions with directors

Included within other debtors due within one year is an amount of £nil (2021: £nil) owed by a director of the Company.  

 
Page 9