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REGISTERED NUMBER: 08816480 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Crestmount Electrical & Mechanical Ltd

Crestmount Electrical & Mechanical Ltd (Registered number: 08816480)






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

Chartered Accountants' Report 6

Crestmount Electrical & Mechanical Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: C P Davis





REGISTERED OFFICE: Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ





REGISTERED NUMBER: 08816480 (England and Wales)





ACCOUNTANTS: Mudd Partners LLP
Chartered Accountants
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ

Crestmount Electrical & Mechanical Ltd (Registered number: 08816480)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,905 62,405

CURRENT ASSETS
Stocks 6,000 -
Debtors 5 28,335 2,771
Cash at bank and in hand 3,690 21,948
38,025 24,719
CREDITORS
Amounts falling due within one year 6 63,182 29,414
NET CURRENT LIABILITIES (25,157 ) (4,695 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,748

57,710

PROVISIONS FOR LIABILITIES - 3,241
NET ASSETS 21,748 54,469

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 21,648 54,369
SHAREHOLDERS' FUNDS 21,748 54,469

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 director acknowledges his 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.

Crestmount Electrical & Mechanical Ltd (Registered number: 08816480)

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 director and authorised for issue on 24 September 2024 and were signed by:





C P Davis - Director


Crestmount Electrical & Mechanical Ltd (Registered number: 08816480)

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

1. STATUTORY INFORMATION

Crestmount Electrical & Mechanical 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 represents the value of sales to customers, net of discounts, allowances, volume and promotional rebates and other payments to customers and excludes VAT. Sale of goods are recognised when the company has delivered product to the customer, the customer has accepted the products and collectability of the related receivable 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.
Motor vehicles - 25% on reducing balance
Computer equipment - 33.3% straight line

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Crestmount Electrical & Mechanical Ltd (Registered number: 08816480)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 - 81,576 1,825 83,401
Additions 696 24,153 - 24,849
Disposals - (26,278 ) - (26,278 )
At 31 December 2023 696 79,451 1,825 81,972
DEPRECIATION
At 1 January 2023 - 20,394 602 20,996
Charge for year 174 19,863 603 20,640
Eliminated on disposal - (6,569 ) - (6,569 )
At 31 December 2023 174 33,688 1,205 35,067
NET BOOK VALUE
At 31 December 2023 522 45,763 620 46,905
At 31 December 2022 - 61,182 1,223 62,405

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
VAT 7,607 2,771
Prepayments and accrued income 20,728 -
28,335 2,771

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 9,074 6,124
Tax - 5,187
Social security and other taxes 9,964 8,769
Directors' current accounts 41,834 7,134
Accrued expenses 2,310 2,200
63,182 29,414

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Crestmount Electrical & Mechanical Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Crestmount Electrical & Mechanical Ltd for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Crestmount Electrical & Mechanical Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Crestmount Electrical & Mechanical Ltd and state those matters that we have agreed to state to the director of Crestmount Electrical & Mechanical Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Crestmount Electrical & Mechanical Ltd and its director for our work or for this report.

It is your duty to ensure that Crestmount Electrical & Mechanical Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Crestmount Electrical & Mechanical Ltd. You consider that Crestmount Electrical & Mechanical Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Crestmount Electrical & Mechanical Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Mudd Partners LLP
Chartered Accountants
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ


24 September 2024