Company registration number 14118771 (England and Wales)
D R MECHANICAL HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
PAGES FOR FILING WITH REGISTRAR
D R MECHANICAL HOLDINGS LIMITED
COMPANY INFORMATION
Director
D Rose
(Appointed 19 May 2022)
Company number
14118771
Registered office
Meriden House
6 Great Cornbow
Halesowen
West Midlands
B63 3AB
Accountants
Jerroms GCN Limited
West Point, Second Floor
Mucklow Office Park
Mucklow Hill
Halesowen
B62 8DY
D R MECHANICAL HOLDINGS LIMITED
CONTENTS
Page
Accountants' report
1
Statement of financial position
2 - 3
Notes to the financial statements
4 - 5
D R MECHANICAL HOLDINGS LIMITED
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF D R MECHANICAL HOLDINGS LIMITED
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of D R Mechanical Holdings Limited for the year ended 31 May 2023 which comprise, the statement of financial position 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the board of directors of D R Mechanical Holdings Limited, as a body, in accordance with the terms of our engagement letter dated 9 February 2024. Our work has been undertaken solely to prepare for your approval the financial statements of D R Mechanical Holdings Limited and state those matters that we have agreed to state to the board of directors of D R Mechanical Holdings Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than D R Mechanical Holdings Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that D R Mechanical Holdings Limited 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 loss of D R Mechanical Holdings Limited. You consider that D R Mechanical Holdings Limited 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 D R Mechanical Holdings Limited. 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.

Jerroms GCN Limited
9 February 2024
Chartered Certified Accountants
West Point, Second Floor
Mucklow Office Park
Mucklow Hill
Halesowen
B62 8DY
D R MECHANICAL HOLDINGS LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 MAY 2023
31 May 2023
- 2 -
2023
Notes
£
£
Fixed assets
Investment property
3
251,465
Current assets
Debtors
4
132
Cash at bank and in hand
11,086
11,218
Creditors: amounts falling due within one year
5
(71,921)
Net current liabilities
(60,703)
Total assets less current liabilities
190,762
Creditors: amounts falling due after more than one year
6
(192,184)
Net liabilities
(1,422)
Capital and reserves
Called up share capital
7
100
Profit and loss reserves
(1,522)
Total equity
(1,422)
D R MECHANICAL HOLDINGS LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
31 MAY 2023
31 May 2023
- 3 -

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 9 February 2024 and are signed on its behalf by:
D Rose
Director
Company registration number 14118771 (England and Wales)
D R MECHANICAL HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
- 4 -
1
Accounting policies
Company information

D R Mechanical Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Meriden House, 6 Great Cornbow, Halesowen, West Midlands, B63 3AB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

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

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
Number
Total
-
0
3
Investment property
2023
£
Fair value
At 19 May 2022
-
0
Additions
251,465
At 31 May 2023
251,465
D R MECHANICAL HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
- 5 -
4
Debtors
2023
Amounts falling due within one year:
£
Prepayments and accrued income
132
5
Creditors: amounts falling due within one year
2023
£
Other creditors
64,551
Accruals and deferred income
7,370
71,921
6
Creditors: amounts falling due after more than one year
2023
Notes
£
Bank loans and overdrafts
192,184

The bank loan is secured by a charge over investment property held by Allica Bank dated 10 October 2022.

7
Called up share capital
2023
2023
Ordinary share capital
Number
£
Issued and fully paid
Ordinary Shares of £1 each
100
100
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