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REGISTERED NUMBER: 10201124 (England and Wales)















Financial Statements for the Year Ended 31 May 2023

for

WB Mechanical Services Limited

WB Mechanical Services Limited (Registered number: 10201124)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WB Mechanical Services Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: S J Watson
B Bloor





REGISTERED OFFICE: C/o Haines Watts
Keepers Lane
The Wergs
Wolverhampton
West Midlands
WV6 8UA





REGISTERED NUMBER: 10201124 (England and Wales)





ACCOUNTANTS: Haines Watts Wolverhampton Limited
Keepers Lane
The Wergs
Wolverhampton
West Midlands
WV6 8UA

WB Mechanical Services Limited (Registered number: 10201124)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,729 24,335

CURRENT ASSETS
Stocks 3,125 4,125
Debtors 5 14,678 53,019
Cash at bank 96,563 56,454
114,366 113,598
CREDITORS
Amounts falling due within one year 6 82,743 81,459
NET CURRENT ASSETS 31,623 32,139
TOTAL ASSETS LESS CURRENT
LIABILITIES

60,352

56,474

PROVISIONS FOR LIABILITIES 7,182 4,624
NET ASSETS 53,170 51,850

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 53,070 51,750
SHAREHOLDERS' FUNDS 53,170 51,850

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

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

WB Mechanical Services Limited (Registered number: 10201124)

Balance Sheet - continued
31 May 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 February 2024 and were signed on its behalf by:





B Bloor - Director


WB Mechanical Services Limited (Registered number: 10201124)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

WB 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.

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.

The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. Based on these assessments, given the measures that could be undertaken to mitigate the current adverse conditions, and the current resources available, the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
The turnover shown in the profit and loss account is the amount receivable for the provision of goods and services falling within the Company's activities, net of Value Added Tax, rebates and trade discounts.

Turnover from the provision of goods and services is recognized in the accounting period in which the Company obtains the right to consideration in exchange for its performance and when the amounts to be recognized are fixed or determinable and collectability is reasonably assured.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Government grants
Government grants received have been recognised on a receipts basis due to there being no conditions attached to them.

Stocks
Inventories has been valued at the lower of cost and estimated selling price less costs to sell.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.


WB Mechanical Services Limited (Registered number: 10201124)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued
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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2022 35,290 7,824 1,900 1,799 46,813
Additions - - 9,867 556 10,423
At 31 May 2023 35,290 7,824 11,767 2,355 57,236
DEPRECIATION
At 1 June 2022 17,685 3,365 684 744 22,478
Charge for year 3,521 882 1,348 278 6,029
At 31 May 2023 21,206 4,247 2,032 1,022 28,507
NET BOOK VALUE
At 31 May 2023 14,084 3,577 9,735 1,333 28,729
At 31 May 2022 17,605 4,459 1,216 1,055 24,335

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 14,678 53,019

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 49,073 52,117
Taxation and social security 6,620 4,840
Other creditors 27,050 24,502
82,743 81,459

WB Mechanical Services Limited (Registered number: 10201124)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary Shares 1 100 100