BrightAccountsProduction v1.0.0 v1.0.0 2023-04-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the maintenance and repair of municipal vehicles and machinery. 14 August 2024 4 4 NI040668 2024-03-31 NI040668 2023-03-31 NI040668 2022-03-31 NI040668 2023-04-01 2024-03-31 NI040668 2022-04-01 2023-03-31 NI040668 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 NI040668 uk-curr:PoundSterling 2023-04-01 2024-03-31 NI040668 uk-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 NI040668 uk-bus:FullAccounts 2023-04-01 2024-03-31 NI040668 uk-bus:Director1 2023-04-01 2024-03-31 NI040668 uk-bus:CompanySecretaryDirector1 2023-04-01 2024-03-31 NI040668 uk-bus:Director3 2023-04-01 2024-03-31 NI040668 uk-bus:Director4 2023-04-01 2024-03-31 NI040668 uk-bus:Director5 2023-04-01 2024-03-31 NI040668 uk-bus:CompanySecretary1 2023-04-01 2024-03-31 NI040668 uk-bus:Agent1 2023-04-01 2024-03-31 NI040668 uk-core:ShareCapital 2024-03-31 NI040668 uk-core:ShareCapital 2023-03-31 NI040668 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 NI040668 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 NI040668 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-03-31 NI040668 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-03-31 NI040668 uk-bus:FRS102 2023-04-01 2024-03-31 NI040668 uk-core:CostValuation 2023-03-31 NI040668 uk-core:AdditionsToInvestments 2023-03-31 NI040668 uk-core:AdditionsToInvestments 2024-03-31 NI040668 uk-core:CostValuation 2024-03-31 NI040668 uk-core:ImpairmentLossReversalProvisionsForImpairmentInvestments 2024-03-31 NI040668 uk-core:WithinOneYear 2024-03-31 NI040668 uk-core:WithinOneYear 2023-03-31 NI040668 2023-04-01 2024-03-31 NI040668 uk-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
R D Mechanical Services Ltd
 
Unaudited Financial Statements
 
for the financial year ended 31 March 2024



R D Mechanical Services Ltd
DIRECTORS AND OTHER INFORMATION

 
Directors Paul Adrain
Stephen Wady
Joanne Adrain
David Adrain (Appointed 24 July 2024)
Kathryn Crawford (Appointed 24 July 2024)
 
 
Company Secretary Stephen Wady
 
 
Company Registration Number NI040668
 
 
Business Address 7 McKinney Road
Newtownabbey
BT36 4PE
 
 
Accountants Quarter
Chartered Accountants
St Anne's House
15 Church Street
Belfast
BT1 1PG
Northern Ireland
 
 
Bankers Santander
  1-3 Farmley Road
  Newtownabbey
  BT36 7TR



R D Mechanical Services Ltd
Company Registration Number: NI040668
BALANCE SHEET
as at 31 March 2024

2024 2023
Notes £ £
 
Fixed Assets
 
Investments 5 935,024 1,453,722
───────── ─────────
 
Current Assets
 
Stocks 6 267,750 237,850
 
Debtors 7 159,724 362,077
 
Cash and cash equivalents 2,318,658 1,120,461
───────── ─────────
2,746,132 1,720,388
───────── ─────────
 
Creditors: amounts falling due within one year 8 (342,060) (217,759)
───────── ─────────
 
Net Current Assets 2,404,072 1,502,629
───────── ─────────
 
Total Assets less Current Liabilities 3,339,096 2,956,351
═════════ ═════════
 
 
Capital and Reserves
 
Called up share capital 4 4
 
Retained earnings 3,339,092 2,956,347
───────── ─────────
Equity attributable to owners of the company 3,339,096 2,956,351
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.
           
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 14 August 2024 and signed on its behalf by
           
           
           
________________________________          
Paul Adrain          
Director          
           
           
           
________________________________
Stephen Wady
Director
           
           
           
________________________________          
Joanne Adrain          
Director          
           



R D Mechanical Services Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2024

   
1. General Information
 
R D Mechanical Services Ltd is a company limited by shares incorporated in Northern Ireland.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 March 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006. These are the company's first set of financial statements prepared in accordance with FRS 102.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.
 
Investments
Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the Profit and Loss Account in the year in which it is receivable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value.  Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items.  Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a pension scheme for its directors.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Adoption of FRS 102 Section 1A
 
This is the first set of financial statements prepared by R D Mechanical Services Ltd in accordance with accounting standards issued by the Financial Reporting Council, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” Section 1A (Small Entities). The company transitioned from previously extant Irish and UK GAAP to FRS 102 Section 1A as at 1 January 2016.
       
4. Employees
 
The average monthly number of employees, including directors, during the  financial year was 4, (2023 - 4).
 
  2024 2023
  Number Number
 
Directors 4 4
  ═════════ ═════════
       
5. Investments
  Other Total
  investments  
     
Investments £ £
Cost or Valuation
At 1 April 2023 2,161,912 2,161,912
Additions (518,698) (518,698)
  ───────── ─────────
At 31 March 2024 1,643,214 1,643,214
  ───────── ─────────
Provision for
diminution in value:
 
At 31 March 2024 708,190 708,190
  ───────── ─────────
Net book value
At 31 March 2024 935,024 935,024
  ═════════ ═════════
At 31 March 2023 1,453,722 1,453,722
  ═════════ ═════════
       
6. Stocks 2024 2023
  £ £
 
Finished goods and goods for resale 267,750 237,850
  ═════════ ═════════
 
The replacement cost of stock did not differ significantly from the figures shown.
       
7. Debtors 2024 2023
  £ £
 
Trade debtors 159,724 362,077
  ═════════ ═════════
       
8. Creditors 2024 2023
Amounts falling due within one year £ £
 
Trade creditors 176,055 105,324
Taxation  (Note 9) 162,915 107,850
Other creditors 3,090 4,585
  ───────── ─────────
  342,060 217,759
  ═════════ ═════════
       
9. Taxation 2024 2023
  £ £
 
Creditors:
Corporation tax 162,915 107,850
  ═════════ ═════════
           
10. Related party transactions
 
R D Mechanical Services (NI) LLP
Paul Adrain, Joanne Adrain & Stephen Wady, Directors in R D Mechanical Services Ltd are also designated members of R D Mechanical Services (NI) LLP.

Opening Balance                                 £1,453,722
Movement During the period               (£518,698)
Closing Investment in LLP                      £935,024