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REGISTERED NUMBER: 03462417 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Laycock Mechanical Services Limited

Laycock Mechanical Services Limited (Registered number: 03462417)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Laycock Mechanical Services Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr L Crierie
Mr D Rowson





REGISTERED OFFICE: Unit 117/118 North Mersey Business Park
Woodward Road
Knowsley Industrial Park
Liverpool
Merseyside
L33 7UY





REGISTERED NUMBER: 03462417 (England and Wales)





ACCOUNTANTS: Johnstone Howell & Co
104 Whitby Road
Ellesmere Port
Cheshire
CH65 0AB

Laycock Mechanical Services Limited (Registered number: 03462417)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 9,757 21,181

CURRENT ASSETS
Debtors 5 1,125,436 803,948
Cash at bank 16,299 1,121
1,141,735 805,069
CREDITORS
Amounts falling due within one year 6 1,214,178 894,133
NET CURRENT LIABILITIES (72,443 ) (89,064 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(62,686

)

(67,883

)

CREDITORS
Amounts falling due after more than one
year

7

14,167

24,167
NET LIABILITIES (76,853 ) (92,050 )

CAPITAL AND RESERVES
Called up share capital 8 170 170
Capital redemption reserve 9 30 30
Retained earnings 9 (77,053 ) (92,250 )
SHAREHOLDERS' FUNDS (76,853 ) (92,050 )

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

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

Laycock Mechanical Services Limited (Registered number: 03462417)

Balance Sheet - continued
31 December 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 21 August 2024 and were signed on its behalf by:




Mr L Crierie - Director



Mr D Rowson - Director


Laycock Mechanical Services Limited (Registered number: 03462417)

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

1. STATUTORY INFORMATION

Laycock 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of VAT.
In respect of contracts for ongoing services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of contracts for ongoing services is recognised by reference to the stage of completion.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

Laycock Mechanical Services Limited (Registered number: 03462417)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£ £ £ £
COST
At 1 January 2023
and 31 December 2023 343 54,693 3,722 58,758
DEPRECIATION
At 1 January 2023 342 33,537 3,698 37,577
Charge for year - 11,408 16 11,424
At 31 December 2023 342 44,945 3,714 49,001
NET BOOK VALUE
At 31 December 2023 1 9,748 8 9,757
At 31 December 2022 1 21,156 24 21,181

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 805,509 454,340
Amounts owed by group undertakings 271,076 290,294
Other debtors 48,851 59,314
1,125,436 803,948

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 10,000 76,349
Hire purchase contracts 28,420 33,020
Trade creditors 1,092,644 737,588
Tax 45,335 -
Social security and other taxes 14,208 17,784
Other creditors - 11,000
Directors' current accounts 3,500 3,000
Accrued expenses 20,071 15,392
1,214,178 894,133

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans - 1-2 years 14,167 20,000
Bank loans - 2-5 years - 4,167
14,167 24,167

Laycock Mechanical Services Limited (Registered number: 03462417)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
170 Ordinary Shares £1 170 170

9. RESERVES
Capital
Retained redemption
earnings reserve Totals
£ £ £

At 1 January 2023 (92,250 ) 30 (92,220 )
Profit for the year 104,197 104,197
Dividends (89,000 ) (89,000 )
At 31 December 2023 (77,053 ) 30 (77,023 )

10. RELATED PARTY DISCLOSURES

The company is owed £271,076 (2022 - £290,294) by the ultimate parent company .

The dividends of £89,000 (2022 - £101,000) were paid to Rowson & Crierie Limited.

11. ULTIMATE CONTROLLING PARTY

The directors are deemed to control the company by virtue of their shareholdings of the parent company.

12. OPERATING LEASES

Amounts owing on operating leases as at 31 December 2023 totalled £52,516 (2022 - £29,438).