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REGISTERED NUMBER: 07702925 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 July 2023

for

CM Mechanical Services Ltd.

CM Mechanical Services Ltd. (Registered number: 07702925)






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


CM Mechanical Services Ltd.

Company Information
for the Year Ended 31 July 2023







DIRECTORS: C L Makepeace
Ms J Haycock





REGISTERED OFFICE: Unit B1
Blyth Road
Harworth Park, Harworth
Doncaster
South Yorkshire
DN11 8DB





REGISTERED NUMBER: 07702925 (England and Wales)

CM Mechanical Services Ltd. (Registered number: 07702925)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,466,387 664,449
1,466,387 664,449

CURRENT ASSETS
Stocks 50,000 35,000
Debtors 6 781,068 502,121
Cash at bank and in hand 85,486 136,260
916,554 673,381
CREDITORS
Amounts falling due within one year 7 1,184,420 720,163
NET CURRENT LIABILITIES (267,866 ) (46,782 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,198,521

617,667

CREDITORS
Amounts falling due after more than one
year

8

(678,713

)

(265,899

)

PROVISIONS FOR LIABILITIES (226,469 ) (127,030 )
NET ASSETS 293,339 224,738

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 293,329 224,728
SHAREHOLDERS' FUNDS 293,339 224,738

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.

CM Mechanical Services Ltd. (Registered number: 07702925)

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 30 July 2024 and were signed on its behalf by:





C L Makepeace - Director


CM Mechanical Services Ltd. (Registered number: 07702925)

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

1. STATUTORY INFORMATION

CM 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five years.

The goodwill has been fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Land and buildings - 20% on cost
Plant and machinery etc - 33.3% on cost and 25% 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.

CM Mechanical Services Ltd. (Registered number: 07702925)

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.

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 makes employer contributions to employee pension policies.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 10,000
AMORTISATION
At 1 August 2022
and 31 July 2023 10,000
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

CM Mechanical Services Ltd. (Registered number: 07702925)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2022 1,200 1,109,072 1,110,272
Additions - 1,227,672 1,227,672
Disposals - (186,024 ) (186,024 )
At 31 July 2023 1,200 2,150,720 2,151,920
DEPRECIATION
At 1 August 2022 1,200 444,623 445,823
Charge for year - 287,540 287,540
Eliminated on disposal - (47,830 ) (47,830 )
At 31 July 2023 1,200 684,333 685,533
NET BOOK VALUE
At 31 July 2023 - 1,466,387 1,466,387
At 31 July 2022 - 664,449 664,449

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 August 2022 571,399
Additions 988,815
Disposals (79,843 )
Transfer to ownership (83,125 )
At 31 July 2023 1,397,246
DEPRECIATION
At 1 August 2022 151,854
Charge for year 201,595
Eliminated on disposal (18,381 )
Transfer to ownership (36,153 )
At 31 July 2023 298,915
NET BOOK VALUE
At 31 July 2023 1,098,331
At 31 July 2022 419,545

CM Mechanical Services Ltd. (Registered number: 07702925)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 749,593 479,715
Other debtors 31,475 22,406
781,068 502,121

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts and finance leases 261,329 94,785
Trade creditors 229,548 138,232
Taxation and social security 143,629 110,011
Other creditors 539,914 367,135
1,184,420 720,163

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 18,333 28,333
Hire purchase contracts and finance leases 660,380 237,566
678,713 265,899

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts and finance leases 921,709 332,351
Factoring facility 481,156 342,800
1,402,865 675,151

Lloyds Bank Commercial Finance LTD

Contains fixed charge.
Contains floating charge.
Floating charge covers all the property or undertaking of the company.
Contains negative pledge.

CM Mechanical Services Ltd. (Registered number: 07702925)

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

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
C L Makepeace
Balance outstanding at start of year - 24,200
Amounts advanced 38,872 -
Amounts repaid (38,872 ) (24,200 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The company loaned monies to the directors @ 2.00% interest per annum. This loan was repaid in full during the year.

11. ULTIMATE CONTROLLING PARTY

The controlling party is C L Makepeace.