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REGISTERED NUMBER: 02976897 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

SHORE MECHANICAL SERVICES LTD

SHORE MECHANICAL SERVICES LTD (REGISTERED NUMBER: 02976897)






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


SHORE MECHANICAL SERVICES LTD

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTORS: A Shore
Mrs S Shore
S Shore
Mrs J Faulkner





REGISTERED OFFICE: 27-61 City Road
Fenton
Stoke on Trent
ST4 1DP





REGISTERED NUMBER: 02976897 (England and Wales)

SHORE MECHANICAL SERVICES LTD (REGISTERED NUMBER: 02976897)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 356,580 375,577

CURRENT ASSETS
Stocks 750 750
Debtors 5 1,444,274 1,367,814
Investments 6 90,600 90,600
Cash at bank and in hand 407,877 479,670
1,943,501 1,938,834
CREDITORS
Amounts falling due within one year 7 651,034 625,338
NET CURRENT ASSETS 1,292,467 1,313,496
TOTAL ASSETS LESS CURRENT LIABILITIES 1,649,047 1,689,073

PROVISIONS FOR LIABILITIES 12,010 15,434
NET ASSETS 1,637,037 1,673,639

CAPITAL AND RESERVES
Called up share capital 27,002 27,002
Retained earnings 1,610,035 1,646,637
SHAREHOLDERS' FUNDS 1,637,037 1,673,639

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.

SHORE MECHANICAL SERVICES LTD (REGISTERED NUMBER: 02976897)

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 July 2023 and were signed on its behalf by:




Mrs S Shore - Director



A Shore - Director


SHORE MECHANICAL SERVICES LTD (REGISTERED NUMBER: 02976897)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Shore Mechanical Services 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.

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 represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced on service contracts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Freehold buildings are depreciated to write down the cost less estimated residual value
over their remaining useful life by equal annual instalments. Where buildings are maintained
to such a standard that their estimated residual value is not less than their cost or valuation, no
depreciation is charged as it is not material.

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

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.

SHORE MECHANICAL SERVICES LTD (REGISTERED NUMBER: 02976897)

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.

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 27 (2022 - 32 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 278,617 11,755 265,766 40,220 596,358
Additions - 1,619 - 4,711 6,330
Disposals - - (8,229 ) - (8,229 )
At 31 March 2023 278,617 13,374 257,537 44,931 594,459
DEPRECIATION
At 1 April 2022 - 11,594 174,599 34,588 220,781
Charge for year - 98 22,744 2,275 25,117
Eliminated on disposal - - (8,019 ) - (8,019 )
At 31 March 2023 - 11,692 189,324 36,863 237,879
NET BOOK VALUE
At 31 March 2023 278,617 1,682 68,213 8,068 356,580
At 31 March 2022 278,617 161 91,167 5,632 375,577

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 606,617 723,657
Other debtors 837,657 644,157
1,444,274 1,367,814

6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Listed investments 90,600 90,600
Market value of listed investments at 31 March 2023 - £ 173,650 (2022 - £ 182,327 ).

SHORE MECHANICAL SERVICES LTD (REGISTERED NUMBER: 02976897)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 373,239 435,616
Taxation and social security 272,286 183,584
Other creditors 5,509 6,138
651,034 625,338