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REGISTERED NUMBER: 08344549 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

A C ELECTRICAL & MECHANICAL SERVICES
LIMITED

A C ELECTRICAL & MECHANICAL SERVICES
LIMITED (REGISTERED NUMBER: 08344549)






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


A C ELECTRICAL & MECHANICAL SERVICES
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr J S Leeks
Miss N Leeks



REGISTERED OFFICE: 132 West Crescent
Stocksbridge
Sheffield
South Yorkshire
S36 1GA



REGISTERED NUMBER: 08344549 (England and Wales)



ACCOUNTANTS: Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB



BANKERS: National Westminster
Stocksbridge Leeds Customer Service
Centre, 1 Victoria Place
Holbeck
Leeds
LS11 5AN

A C ELECTRICAL & MECHANICAL SERVICES
LIMITED (REGISTERED NUMBER: 08344549)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,607 4,564

CURRENT ASSETS
Stocks 17,000 17,000
Debtors 5 24,747 45,463
Cash at bank 33,630 22,988
75,377 85,451
CREDITORS
Amounts falling due within one year 6 67,007 69,338
NET CURRENT ASSETS 8,370 16,113
TOTAL ASSETS LESS CURRENT LIABILITIES 15,977 20,677

CREDITORS
Amounts falling due after more than
one year

7

12,917

19,917
NET ASSETS 3,060 760

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 3,058 758
SHAREHOLDERS' FUNDS 3,060 760

A C ELECTRICAL & MECHANICAL SERVICES
LIMITED (REGISTERED NUMBER: 08344549)

BALANCE SHEET - continued
31 DECEMBER 2023


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.

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 and authorised for issue by the Board of Directors and authorised for issue on 11 September 2024 and were signed on its behalf by:





Mr J S Leeks - Director


A C ELECTRICAL & MECHANICAL SERVICES
LIMITED (REGISTERED NUMBER: 08344549)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

A C Electrical & 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.

The financial Statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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.

Significant judgements and estimates
No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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

When the outcome of a transaction can be estimated reliably, turnover from electrical and mechanical services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to contractual obligations and services rendered.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

A C ELECTRICAL & MECHANICAL SERVICES
LIMITED (REGISTERED NUMBER: 08344549)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Motor vehicles- 25 % on reducing balance
Plant & Machinery - Straight line 5 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

A C ELECTRICAL & MECHANICAL SERVICES
LIMITED (REGISTERED NUMBER: 08344549)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023 - 9,500 9,500
Additions 508 4,750 5,258
At 31 December 2023 508 14,250 14,758
DEPRECIATION
At 1 January 2023 - 4,936 4,936
Charge for year 85 2,130 2,215
At 31 December 2023 85 7,066 7,151
NET BOOK VALUE
At 31 December 2023 423 7,184 7,607
At 31 December 2022 - 4,564 4,564

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 16,688 45,463
Directors' current accounts 8,059 -
24,747 45,463

A C ELECTRICAL & MECHANICAL SERVICES
LIMITED (REGISTERED NUMBER: 08344549)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 4,000 4,000
Other loans 3,000 3,000
Trade creditors 42,292 39,070
Corporation tax 9,431 8,291
VAT 6,740 7,902
Other creditors 325 801
Directors' current accounts - 403
Accruals and deferred income 1,219 5,871
67,007 69,338

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans - 2-5 years 8,667 12,667
Loans - Due more than 1 year 4,250 7,250
12,917 19,917

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1 A Ordinary £1 1 1
1 B Ordinary £1 1 1
2 2