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REGISTERED NUMBER: 13272356 (England and Wales)















M H REYNOLDS COMBUSTION & CONTROL LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024






M H REYNOLDS COMBUSTION & CONTROL LTD (REGISTERED NUMBER: 13272356)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M H REYNOLDS COMBUSTION & CONTROL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mrs S H Reynolds





REGISTERED OFFICE: Unit 20
Jupiter Business Park
Hixon
Stafford
Staffordshire
ST18 0PA





REGISTERED NUMBER: 13272356 (England and Wales)

M H REYNOLDS COMBUSTION & CONTROL LTD (REGISTERED NUMBER: 13272356)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 44,039 76,700

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 5 379,103 230,359
Cash at bank 220,819 128,735
604,922 364,094
CREDITORS
Amounts falling due within one year 6 (427,258 ) (367,913 )
NET CURRENT ASSETS/(LIABILITIES) 177,664 (3,819 )
TOTAL ASSETS LESS CURRENT LIABILITIES 221,703 72,881

CREDITORS
Amounts falling due after more than one
year

7

(4,691

)

(23,846

)
NET ASSETS 217,012 49,035

CAPITAL AND RESERVES
Called up share capital 9 103 103
Retained earnings 216,909 48,932
SHAREHOLDERS' FUNDS 217,012 49,035

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

M H REYNOLDS COMBUSTION & CONTROL LTD (REGISTERED NUMBER: 13272356)

BALANCE SHEET - continued
31 MARCH 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 October 2024 and were signed by:





Mrs S H Reynolds - Director


M H REYNOLDS COMBUSTION & CONTROL LTD (REGISTERED NUMBER: 13272356)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

M H Reynolds Combustion & Control 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.

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

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from the design and manufacture, and installation and commissioning of gas burners and associated control equipment is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to chargeable hours undertaken.

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

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 - 15% on reducing balance
Fixtures and fittings - Straight line over 3 years
Motor vehicles - Straight line over 3 years

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

M H REYNOLDS COMBUSTION & CONTROL LTD (REGISTERED NUMBER: 13272356)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Leases
Assets acquired under hire purchase contracts are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. The related obligations, net of future finance charges, are included in creditors.

Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 107,058
Additions 14,999
Disposals (1,767 )
At 31 March 2024 120,290
DEPRECIATION
At 1 April 2023 30,358
Charge for year 46,151
Eliminated on disposal (258 )
At 31 March 2024 76,251
NET BOOK VALUE
At 31 March 2024 44,039
At 31 March 2023 76,700

M H REYNOLDS COMBUSTION & CONTROL LTD (REGISTERED NUMBER: 13272356)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 67,231
DEPRECIATION
At 1 April 2023 18,556
Charge for year 26,960
At 31 March 2024 45,516
NET BOOK VALUE
At 31 March 2024 21,715
At 31 March 2023 48,675

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 286,629 217,971
Other debtors 7,711 1,744
Directors' loan accounts 4,739 1,707
Deferred tax asset 40,389 -
Prepayments and accrued income 39,635 8,937
379,103 230,359

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 19,155 22,952
Trade creditors 81,518 40,642
Tax 64,074 25,436
Social security and other taxes 19,012 13,855
VAT 111,541 80,169
Other creditors 67,989 151,258
Accruals and deferred income 63,969 33,601
427,258 367,913

M H REYNOLDS COMBUSTION & CONTROL LTD (REGISTERED NUMBER: 13272356)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 4,691 23,846

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 23,846 -

Hire purchase liabilities are secured against the assets they relate to.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
NIL Ordinary 'A' £1 - 2
1 Ordinary 'B' £1 1 1
1 Ordinary 'C' £1 1 -
1 Ordinary 'D' £1 1 -
103 103

10. FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £23,600 (2023: Nil).

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mrs S H Reynolds
Balance outstanding at start of year 1,707 100
Amounts advanced 41,458 1,607
Amounts repaid (38,426 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,739 1,707

The directors loan in the current year has been provided interest free and is repayable on demand (2023 : 2%).