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REGISTERED NUMBER: 02719196 (England and Wales)

























Unaudited Financial Statements

for the Year Ended 31 March 2023

for

JRS Mechanical Services Limited

JRS Mechanical Services Limited (Registered number: 02719196)






Contents of the Financial Statements
for the year ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JRS Mechanical Services Limited

Company Information
for the year ended 31 March 2023







DIRECTORS: P.W. Williams
N.W. Williams
P A Glover





REGISTERED OFFICE: Enterprise House
Pensarn Industrial Estate
Abergele
CONWY
LL22 7SF





REGISTERED NUMBER: 02719196 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Chartered Accountants
14 Grosvenor Court
Foregate Street
Chester
Cheshire
CH1 1HG

JRS Mechanical Services Limited (Registered number: 02719196)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 151,540 118,107

CURRENT ASSETS
Stocks 5 215,159 161,080
Debtors 6 1,254,111 881,940
Cash at bank 783,024 994,203
2,252,294 2,037,223
CREDITORS
Amounts falling due within one year 7 1,238,162 1,155,145
NET CURRENT ASSETS 1,014,132 882,078
TOTAL ASSETS LESS CURRENT LIABILITIES 1,165,672 1,000,185

CREDITORS
Amounts falling due after more than one year 8 (122,624 ) (171,634 )

PROVISIONS FOR LIABILITIES (36,858 ) (28,434 )
NET ASSETS 1,006,190 800,117

CAPITAL AND RESERVES
Called up share capital 5,200 5,200
Retained earnings 1,000,990 794,917
SHAREHOLDERS' FUNDS 1,006,190 800,117

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.

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 2 November 2023 and were signed on its behalf by:





P.W. Williams - Director


JRS Mechanical Services Limited (Registered number: 02719196)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

JRS Mechanical 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

Depreciation on all assets is calculated to allocate the depreciable amount to their residual values on a systematic basis over their estimated useful lives as follows:

Plant and machinery - 25% reducing balance
Fixtures & fittings - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 33% straight line

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

JRS Mechanical Services Limited (Registered number: 02719196)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Share capital
Ordinary shares are classed as equity.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Distributions to equity holders
Dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the company's shareholders. These amounts are recognised in the statement of changes in equity.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand and cash held with banks.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 48 (2022 - 41 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 42,252 16,027 327,021 33,582 418,882
Additions 2,536 - 82,450 70 85,056
At 31 March 2023 44,788 16,027 409,471 33,652 503,938
DEPRECIATION
At 1 April 2022 38,754 16,017 214,936 31,068 300,775
Charge for year 1,508 3 48,634 1,478 51,623
At 31 March 2023 40,262 16,020 263,570 32,546 352,398
NET BOOK VALUE
At 31 March 2023 4,526 7 145,901 1,106 151,540
At 31 March 2022 3,498 10 112,085 2,514 118,107

JRS Mechanical Services Limited (Registered number: 02719196)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

5. STOCKS
2023 2022
£    £   
Stocks 16,460 2,500
Retentions 116,047 99,105
Work in progress 82,652 59,475
215,159 161,080

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,158,138 857,984
Other debtors 95,973 23,956
1,254,111 881,940

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 50,710 51,490
Trade creditors 793,624 620,835
Taxation and social security 147,573 135,540
Other creditors 246,255 347,280
1,238,162 1,155,145

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 122,624 171,634

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 173,334 223,124

The bank loans are secured on the freehold and leasehold property now or in the future belonging to the company together with all buildings, trade and other fixtures, fixed plant and machinery of the company.

10. PARENT COMPANY

The company is a 100% subsidiary of JRS Holdings Limited. The registered office of the parent is the same as JRS Mechanical Services Limited which can be found on the Company Information page.