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REGISTERED NUMBER: 08460491 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

HOCKLEY MECHANICAL AND ELECTRICAL
SERVICES LIMITED

HOCKLEY MECHANICAL AND ELECTRICAL
SERVICES LIMITED (REGISTERED NUMBER: 08460491)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HOCKLEY MECHANICAL AND ELECTRICAL
SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: Mr E J Treacy
Mr M Cosnett





REGISTERED OFFICE: Holly House
9-11 Holly Lane
Marston Green
Birmingham
West Midlands
B37 7AP





REGISTERED NUMBER: 08460491 (England and Wales)





ACCOUNTANTS: Lowson Ward
Chartered Accountants
292 Wake Green Road
Birmingham
B13 9QP

HOCKLEY MECHANICAL AND ELECTRICAL
SERVICES LIMITED (REGISTERED NUMBER: 08460491)

BALANCE SHEET
29 FEBRUARY 2024

29/2/24 28/2/23
Notes £    £   
FIXED ASSETS
Tangible assets 3 54,989 -

CURRENT ASSETS
Stocks 45,525 96,962
Debtors 4 549,232 117,296
Cash at bank and in hand 302,075 156,155
896,832 370,413
CREDITORS
Amounts falling due within one year 5 (664,482 ) (265,360 )
NET CURRENT ASSETS 232,350 105,053
TOTAL ASSETS LESS CURRENT
LIABILITIES

287,339

105,053

PROVISIONS FOR LIABILITIES 6 (13,750 ) -
NET ASSETS 273,589 105,053

CAPITAL AND RESERVES
Called up share capital 7 110 100
Retained earnings 8 273,479 104,953
SHAREHOLDERS' FUNDS 273,589 105,053

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

HOCKLEY MECHANICAL AND ELECTRICAL
SERVICES LIMITED (REGISTERED NUMBER: 08460491)

BALANCE SHEET - continued
29 FEBRUARY 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 November 2024 and were signed on its behalf by:





Mr E J Treacy - Director


HOCKLEY MECHANICAL AND ELECTRICAL
SERVICES LIMITED (REGISTERED NUMBER: 08460491)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

All fixed assets are initially recorded at cost.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

HOCKLEY MECHANICAL AND ELECTRICAL
SERVICES LIMITED (REGISTERED NUMBER: 08460491)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. ACCOUNTING POLICIES - continued

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.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 2 ) .

3. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
Additions 73,319
At 29 February 2024 73,319
DEPRECIATION
Charge for year 18,330
At 29 February 2024 18,330
NET BOOK VALUE
At 29 February 2024 54,989

HOCKLEY MECHANICAL AND ELECTRICAL
SERVICES LIMITED (REGISTERED NUMBER: 08460491)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Trade debtors 521,245 117,296
Directors' current accounts 10 -
VAT 27,977 -
549,232 117,296

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Trade creditors 83,095 24,742
Amounts owed to group undertakings 496,913 206,079
Corporation tax 80,924 18,632
PAYE and NIC 850 -
VAT - 15,077
Accrued expenses 2,700 830
664,482 265,360

6. PROVISIONS FOR LIABILITIES
29/2/24 28/2/23
£    £   
Deferred tax 13,750 -

Deferred
tax
£   
Provided during year 13,750
Balance at 29 February 2024 13,750

HOCKLEY MECHANICAL AND ELECTRICAL
SERVICES LIMITED (REGISTERED NUMBER: 08460491)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29/2/24 28/2/23
value: £    £   
100 Ordinary shares £1 100 100
10 Ordinary A shares £1 10 -
(28/2/23 -
NIL)
110 100

Allotted and issued:
Number: Class: Nominal 29/2/24 28/2/23
value: £    £   
10 Ordinary A shares £1 10 -
(28/2/23 -
NIL)

The following shares were issued during the year for cash at par :

10 Ordinary A shares shares of £1

8. RESERVES
Retained
earnings
£   

At 1 March 2023 104,953
Profit for the year 288,976
Dividends (120,450 )
At 29 February 2024 273,479

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Hockley Group Limited.