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REGISTERED NUMBER: 05723209 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2023

FOR

MEK DESIGN ENGINEERS LTD

MEK DESIGN ENGINEERS LTD (REGISTERED NUMBER: 05723209)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MEK DESIGN ENGINEERS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28TH FEBRUARY 2023







DIRECTOR: M E Keen





SECRETARY: Mrs C A Keen





REGISTERED OFFICE: 40 High Wood Road
Hoddesdon
Hertfordshire
EN11 9AN





REGISTERED NUMBER: 05723209 (England and Wales)





ACCOUNTANTS: Barker Wilkinson Limited
19-21 Middle Row
Stevenage
Hertfordshire
SG1 3AW

MEK DESIGN ENGINEERS LTD (REGISTERED NUMBER: 05723209)

BALANCE SHEET
28TH FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,656 19,068
Investments 5 40,451 39,471
57,107 58,539

CURRENT ASSETS
Debtors 6 17,747 22,036
Cash at bank 56,122 31,286
73,869 53,322
CREDITORS
Amounts falling due within one year 7 22,912 14,849
NET CURRENT ASSETS 50,957 38,473
TOTAL ASSETS LESS CURRENT
LIABILITIES

108,064

97,012

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 8 1,223 3,143
Retained earnings 106,839 93,867
108,064 97,012

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 6th November 2023 and were signed by:



M E Keen - Director


MEK DESIGN ENGINEERS LTD (REGISTERED NUMBER: 05723209)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023

1. STATUTORY INFORMATION

Mek Design Engineers 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 as modified by the revaluation of certain assets.

The director has assessed various factors and risks affecting the company and its ability in these difficult economic times to continue to trade as a going concern. The director has not identified any material uncertainties or risks related to events or conditions that could affect the carrying values of the company's assets and liabilities as at the balance sheet date. Therefore the financial statements for the year ended 28th February 2023 have been prepared using the going concern basis of accounting.

Significant judgements and estimates
In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from those estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

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 and 10% straight line

Financial instruments
The directors consider all financial instruments to be basic financial instruments in accordance with paragraph 11 of FRS102. All basic financial instruments including trade and other debtors, cash and cash equivalents, and trade and other creditors, are initially recognised at transaction price and thereafter stated at amortised cost.

Trade and other receivables and payables

Trade and other receivables and payables are measured at amortised cost which approximates to fair value given the short term nature of these assets and liabilities.

Trade receivables are valued at original invoice amount less an allowance for potentially un-collectable debts. Provision is made where there is objective evidence to suggest that the company will not be in a position to collect receivables as they fall due. Bad and Doubtful debts are written off in the profit and loss account on identification.

Cash and cash equivalents

Cash and cash equivalents comprise cash balances held for the purposes of meeting short-term cash commitment


MEK DESIGN ENGINEERS LTD (REGISTERED NUMBER: 05723209)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023

2. ACCOUNTING POLICIES - continued
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.

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 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1st March 2022
and 28th February 2023 36,415
DEPRECIATION
At 1st March 2022 17,347
Charge for year 2,412
At 28th February 2023 19,759
NET BOOK VALUE
At 28th February 2023 16,656
At 28th February 2022 19,068

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1st March 2022 39,471
Additions 2,900
Revaluations (1,920 )
At 28th February 2023 40,451
NET BOOK VALUE
At 28th February 2023 40,451
At 28th February 2022 39,471

MEK DESIGN ENGINEERS LTD (REGISTERED NUMBER: 05723209)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 28th February 2023 is represented by:

Other
investments
£   
Valuation in 2021 4,778
Valuation in 2022 (1,635 )
Valuation in 2023 (1,920 )
Cost 39,228
40,451

Other investmensts represent investments held by Hargreaves Lansdown Asset Management Limited and are regularly valued by them on an open market basis.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 15,822 20,070
Other debtors - 78
Prepayments 1,925 1,888
17,747 22,036

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1 1
Tax 15,732 8,072
Social security and other taxes 224 -
VAT 4,296 4,952
Other creditors 1,244 738
Directors' current accounts 850 521
Accrued expenses 565 565
22,912 14,849

8. RESERVES
Fair
value
reserve
£   
At 1st March 2022 3,143
Revaluation (1,920 )

At 28th February 2023 1,223