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
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
HMM Mechanical Services Limited
Statement of financial position
as at 31 January 2024
Tangible assets
110,460
126,687
Inventories
31,148
247,411
Cash at bank and in hand
319,729
201,797
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
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
HMM Mechanical Services Limited
Notes to the Accounts
for the year ended 31 January 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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 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 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.
HMM Mechanical Services Limited
Notes to the Accounts
for the year ended 31 January 2024
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.
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
Disposals
-
(3,856)
(3,856)
At 31 January 2024
115,000
90,286
205,286
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
At 31 January 2024
73,025
37,435
110,460
At 31 January 2023
77,625
49,062
126,687
Work in progress
26,148
237,411
Finished goods
5,000
10,000
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
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
Trade creditors
183,436
215,327
Taxes and social security
71,489
70,017
Other creditors
276,964
292,248
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.
Allotted, called up and fully paid:
75 Ordinary shares of £1 each
75
75
25 Ordinary A shares of £1 each
25
25
HMM Mechanical Services Limited
Notes to the Accounts
for the year ended 31 January 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
0% interest due on demand loan
9,219
1,544
9,219
1,544
0% interest due on demand loan
4,988
-
4,988
-
0% interest due on demand loan
5,050
-
5,050
-
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).