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REGISTERED NUMBER: 12633674 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Newcastle Mechanical Services Limited

Newcastle Mechanical Services Limited (Registered number: 12633674)






Contents of the Financial Statements
for the year ended 31 May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Newcastle Mechanical Services Limited

Company Information
for the year ended 31 May 2024







DIRECTOR: K A Charlton





REGISTERED OFFICE: Datum House
Electra Way
Crewe
Cheshire
CW1 6ZF





REGISTERED NUMBER: 12633674 (England and Wales)






Newcastle Mechanical Services Limited (Registered number: 12633674)

Statement of Financial Position
31 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 27,428 27,421

CURRENT ASSETS
Stocks 6 10,000 4,500
Debtors 7 237,541 134,771
Cash at bank 40,318 16,309
287,859 155,580
CREDITORS
Amounts falling due within one year 8 (99,501 ) (80,772 )
NET CURRENT ASSETS 188,358 74,808
TOTAL ASSETS LESS CURRENT
LIABILITIES

215,786

102,229

CREDITORS
Amounts falling due after more than one
year

9

(12,073

)

(18,109

)

PROVISIONS FOR LIABILITIES 10 (6,858 ) (6,856 )
NET ASSETS 196,855 77,264

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 196,755 77,164
196,855 77,264

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

Newcastle Mechanical Services Limited (Registered number: 12633674)

Statement of Financial Position - continued
31 May 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 October 2024 and were signed by:





K A Charlton - Director


Newcastle Mechanical Services Limited (Registered number: 12633674)

Notes to the Financial Statements
for the year ended 31 May 2024

1. STATUTORY INFORMATION

Newcastle Mechanical Services Limited ('The Company') is primarily engaged in mechanical services.

The company is a private company limited by shares and is incorporated in England and Wales. The address of the principle place of business is Unit 18, Watermills Road, Newcastle Under Lyme, Staffordshire, ST5 6AT and the registered office is Datum House, Electra Way, Crewe, CW1 6ZF.The registered number can be found on the Company Information page.

The functional and presentational currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Summary of significant accounting policies
The financial statements have been prepared under the historical cost convention.

The principle accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation
The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern
No other material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the director. Therefore the director considers it appropriate to prepare the financial statements on the going concern basis.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value).

Newcastle Mechanical Services Limited (Registered number: 12633674)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

3. ACCOUNTING POLICIES - continued

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' current accounts and loans.

Bank loans and directors loans are initially measured at the present value of future payments, discounted at a market rate of interest and subsequently at amortised cost using the effective interest method.

Directors current balances (being those repayable on demand), trade debtors, other debtors and creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment.If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 period end.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the period end.

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Newcastle Mechanical Services Limited (Registered number: 12633674)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 2,143 34,135 1,031 37,309
Additions 286 8,200 1,231 9,717
At 31 May 2024 2,429 42,335 2,262 47,026
DEPRECIATION
At 1 June 2023 630 8,656 602 9,888
Charge for year 450 8,420 840 9,710
At 31 May 2024 1,080 17,076 1,442 19,598
NET BOOK VALUE
At 31 May 2024 1,349 25,259 820 27,428
At 31 May 2023 1,513 25,479 429 27,421

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 June 2023
and 31 May 2024 33,485
DEPRECIATION
At 1 June 2023 8,372
Charge for year 6,278
At 31 May 2024 14,650
NET BOOK VALUE
At 31 May 2024 18,835
At 31 May 2023 25,113

6. STOCKS
2024 2023
£    £   
Stocks 10,000 4,500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 232,805 118,463
Other debtors 2,250 2,250
Directors' current accounts - 9,918
VAT 2,486 4,140
237,541 134,771

Newcastle Mechanical Services Limited (Registered number: 12633674)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 6,036 6,036
Trade creditors 7,189 9,963
Tax 49,111 31,062
Social security and other taxes 16,153 8,536
Directors' current accounts 1 -
Accrued expenses 21,011 25,175
99,501 80,772

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 12,073 18,109

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 6,858 6,856

Deferred
tax
£   
Balance at 1 June 2023 6,856
Provided during year 2
Balance at 31 May 2024 6,858