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REGISTERED NUMBER: 08600185 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

MECH SELECTED SERVICES LIMITED

MECH SELECTED SERVICES LIMITED (REGISTERED NUMBER: 08600185)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MECH SELECTED SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: Mr AJ Kendrick
Mr JR Mason
Mr J Southwood





REGISTERED OFFICE: 3 Selbury Drive
Oadby
Leicester
LE2 5NG





REGISTERED NUMBER: 08600185 (England and Wales)

MECH SELECTED SERVICES LIMITED (REGISTERED NUMBER: 08600185)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 288 430
Tangible assets 5 66,758 53,563
67,046 53,993

CURRENT ASSETS
Stocks 5,500 5,500
Debtors 6 51,213 29,200
Cash at bank 256,094 182,444
312,807 217,144
CREDITORS
Amounts falling due within one year 7 103,053 87,561
NET CURRENT ASSETS 209,754 129,583
TOTAL ASSETS LESS CURRENT
LIABILITIES

276,800

183,576

CREDITORS
Amounts falling due after more than one
year

8

(23,179

)

(18,835

)

PROVISIONS FOR LIABILITIES (13,848 ) (10,177 )
NET ASSETS 239,773 154,564

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 239,770 154,561
SHAREHOLDERS' FUNDS 239,773 154,564

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

MECH SELECTED SERVICES LIMITED (REGISTERED NUMBER: 08600185)

BALANCE SHEET - continued
31 JULY 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 1 February 2024 and were signed on its behalf by:




Mr AJ Kendrick - Director Mr JR Mason - Director




Mr J Southwood - Director


MECH SELECTED SERVICES LIMITED (REGISTERED NUMBER: 08600185)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

Mech Selected 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
Revenue comprises the fair value for the sale of goods and services excluding value added taxes and represents net invoice value less estimated rebates, returns and settlement discounts. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined to be on dispatch of the goods.

Intangible fixed assets
Intangible fixed assets, being the amount paid in connection with the development of the website in 2015 and further development in 2018, are being amortised over the estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

MECH SELECTED SERVICES LIMITED (REGISTERED NUMBER: 08600185)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 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.

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.

Creditors
Short term trade 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 August 2022
and 31 July 2023 4,550
AMORTISATION
At 1 August 2022 4,120
Charge for year 142
At 31 July 2023 4,262
NET BOOK VALUE
At 31 July 2023 288
At 31 July 2022 430

MECH SELECTED SERVICES LIMITED (REGISTERED NUMBER: 08600185)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2022 68,396 7,669 76,065
Additions 27,000 2,957 29,957
At 31 July 2023 95,396 10,626 106,022
DEPRECIATION
At 1 August 2022 17,099 5,403 22,502
Charge for year 15,689 1,073 16,762
At 31 July 2023 32,788 6,476 39,264
NET BOOK VALUE
At 31 July 2023 62,608 4,150 66,758
At 31 July 2022 51,297 2,266 53,563

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2022 68,396
Additions 27,500
At 31 July 2023 95,896
DEPRECIATION
At 1 August 2022 17,099
Charge for year 15,689
At 31 July 2023 32,788
NET BOOK VALUE
At 31 July 2023 63,108
At 31 July 2022 51,297

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 50,454 28,931
Other debtors 3 3
Prepayments 756 266
51,213 29,200

MECH SELECTED SERVICES LIMITED (REGISTERED NUMBER: 08600185)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 11,115 8,628
Trade creditors 15,531 35,223
Taxation 28,546 6,183
Social security and other taxes 2,248 1,017
VAT 7,557 496
Other creditors 476 564
Accrued expenses 37,580 35,450
103,053 87,561

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 23,179 18,835