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Company Registration No. 07115462 (England and Wales)
HMM Mechanical Services Limited Unaudited accounts for the year ended 31 January 2024
HMM Mechanical Services Limited Unaudited accounts Contents
Page
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HMM Mechanical Services Limited Company Information for the year ended 31 January 2024
Directors
Mr C Holland Mr R Mountford Mr G Holland Mr J Mountford
Company Number
07115462 (England and Wales)
Registered Office
Unit 3, Chemical Lane Longbridge Hayes Stoke-on-Trent Staffordshire ST6 4PB
Accountants
Thursfields Accountancy Limited Business Lodge, Trent House 234 Victoria Road Stoke-on-Trent Staffordshire ST4 2LW
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HMM Mechanical Services Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
110,460 
126,687 
Current assets
Inventories
31,148 
247,411 
Debtors
545,709 
564,009 
Cash at bank and in hand
319,729 
201,797 
896,586 
1,013,217 
Creditors: amounts falling due within one year
(657,941)
(688,160)
Net current assets
238,645 
325,057 
Total assets less current liabilities
349,105 
451,744 
Creditors: amounts falling due after more than one year
(128,175)
(160,678)
Provisions for liabilities
Deferred tax
(8,996)
(9,322)
Net assets
211,934 
281,744 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
211,834 
281,644 
Shareholders' funds
211,934 
281,744 
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2024 and were signed on its behalf by
Mr R Mountford Director Company Registration No. 07115462
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HMM Mechanical Services Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
HMM Mechanical Services Limited is a private company, limited by shares, registered in England and Wales, registration number 07115462. The registered office is Unit 3, Chemical Lane , Longbridge Hayes , Stoke-on-Trent , Staffordshire , ST6 4PB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
4% Straight Line
Plant & machinery
20% Straight Line
Motor vehicles
20% Straight Line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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HMM Mechanical Services Limited Notes to the Accounts for the year ended 31 January 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
115,000 
91,652 
206,652 
Additions
- 
2,490 
2,490 
Disposals
- 
(3,856)
(3,856)
At 31 January 2024
115,000 
90,286 
205,286 
Depreciation
At 1 February 2023
37,375 
42,590 
79,965 
Charge for the year
4,600 
14,117 
18,717 
On disposals
- 
(3,856)
(3,856)
At 31 January 2024
41,975 
52,851 
94,826 
Net book value
At 31 January 2024
73,025 
37,435 
110,460 
At 31 January 2023
77,625 
49,062 
126,687 
5
Inventories
2024 
2023 
£ 
£ 
Work in progress
26,148 
237,411 
Finished goods
5,000 
10,000 
31,148 
247,411 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
424,296 
485,043 
Accrued income and prepayments
107,746 
38,070 
Other debtors
13,667 
40,896 
545,709 
564,009 
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HMM Mechanical Services Limited Notes to the Accounts for the year ended 31 January 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
31,475 
32,114 
VAT
88,896 
69,625 
Trade creditors
183,436 
215,327 
Taxes and social security
71,489 
70,017 
Other creditors
276,964 
292,248 
Accruals
5,681 
8,829 
657,941 
688,160 
Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £270,690 (2023 - £287,196). Close Brother Limited created an all assets debenture on 3 May 2018. National Westminster Bank PLC registered a charge on 12 December 2014 against the property at Unit 3 Queensway Industrial Estate, Longbridge Hayes Road.
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
128,175 
160,678 
Aggregate of amounts that fall due for payment after five years
80,405 
80,534 
Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £88,175 (2023 - £90,678). National Westminster Bank PLC registered a charge on 12 December 2014 against the property at Unit 3 Queensway Industrial Estate, Longbridge Hayes Road. Creditors include bank loans repayable by instalments of £80,405 (2023 - £80,534) due after more than five years.
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
75 Ordinary shares of £1 each
75 
75 
25 Ordinary A shares of £1 each
25 
25 
100 
100 
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HMM Mechanical Services Limited Notes to the Accounts for the year ended 31 January 2024
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr C Holland
0% interest due on demand loan
9,219 
1,544 
9,219 
1,544 
Mr R Mountford
0% interest due on demand loan
4,988 
- 
4,988 
- 
Mr G Holland
0% interest due on demand loan
5,050 
- 
5,050 
- 
Mr J Mountford
0% interest due on demand loan
13,265 
26,400 
35,000 
4,665 
32,522 
27,944 
54,257 
6,209 
11
Average number of employees
During the year the average number of employees was 20 (2023: 18).
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