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REGISTERED NUMBER: 13465293 (England and Wales)















F&C MECHANICAL ENGINEERING LTD

Unaudited Financial Statements for the Year Ended 31 March 2023






F&C MECHANICAL ENGINEERING LTD (REGISTERED NUMBER: 13465293)

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

Chartered Accountants' Report 7

F&C MECHANICAL ENGINEERING LTD

Company Information
for the Year Ended 31 March 2023







DIRECTORS: S M Chapman
A D Ford





REGISTERED OFFICE: Granville House
2 Tettenhall Road
Wolverhampton
WV1 4SB





REGISTERED NUMBER: 13465293 (England and Wales)





ACCOUNTANTS: Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB

F&C MECHANICAL ENGINEERING LTD (REGISTERED NUMBER: 13465293)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,491 11,321

CURRENT ASSETS
Debtors 5 13,680 6,556
Cash at bank 44,238 21,305
57,918 27,861
CREDITORS
Amounts falling due within one year 6 50,131 29,013
NET CURRENT ASSETS/(LIABILITIES) 7,787 (1,152 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,278

10,169

PROVISIONS FOR LIABILITIES 1,613 2,151
NET ASSETS 14,665 8,018

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 14,565 7,918
14,665 8,018

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.

F&C MECHANICAL ENGINEERING LTD (REGISTERED NUMBER: 13465293)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 October 2023 and were signed on its behalf by:




S M Chapman - Director



A D Ford - Director


F&C MECHANICAL ENGINEERING LTD (REGISTERED NUMBER: 13465293)

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


1. STATUTORY INFORMATION

F&C Mechanical Engineering Ltd 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 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. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

F&C MECHANICAL ENGINEERING LTD (REGISTERED NUMBER: 13465293)

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


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 2,213 10,425 12,638
DEPRECIATION
At 1 April 2022 231 1,086 1,317
Charge for year 495 2,335 2,830
At 31 March 2023 726 3,421 4,147
NET BOOK VALUE
At 31 March 2023 1,487 7,004 8,491
At 31 March 2022 1,982 9,339 11,321

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 13,680 5,130
Other debtors - 1,426
13,680 6,556

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Social security and other taxes 28,447 7,797
Directors' current accounts 20,524 20,212
Accrued expenses 1,160 1,004
50,131 29,013

7. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.

F&C MECHANICAL ENGINEERING LTD (REGISTERED NUMBER: 13465293)

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


8. GOING CONCERN

The financial statements have been prepared on a going concern basis on the understanding that there is support from the directors, and that the directors' loan accounts will not be withdrawn to the detriment of the company.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
F&C Mechanical Engineering Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of F&C Mechanical Engineering Ltd for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of F&C Mechanical Engineering Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of F&C Mechanical Engineering Ltd and state those matters that we have agreed to state to the Board of Directors of F&C Mechanical Engineering Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than F&C Mechanical Engineering Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that F&C Mechanical Engineering Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of F&C Mechanical Engineering Ltd. You consider that F&C Mechanical Engineering Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of F&C Mechanical Engineering Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB


26 October 2023