Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31No description of principal activity102023-06-01false10falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01561562 2023-06-01 2024-05-31 01561562 2022-06-01 2023-05-31 01561562 2024-05-31 01561562 2023-05-31 01561562 c:Director1 2023-06-01 2024-05-31 01561562 c:Director2 2023-06-01 2024-05-31 01561562 c:RegisteredOffice 2023-06-01 2024-05-31 01561562 d:Buildings 2023-06-01 2024-05-31 01561562 d:Buildings 2024-05-31 01561562 d:Buildings 2023-05-31 01561562 d:Buildings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 01561562 d:Buildings d:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 01561562 d:PlantMachinery 2023-06-01 2024-05-31 01561562 d:PlantMachinery 2024-05-31 01561562 d:PlantMachinery 2023-05-31 01561562 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 01561562 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 01561562 d:MotorVehicles 2023-06-01 2024-05-31 01561562 d:MotorVehicles 2024-05-31 01561562 d:MotorVehicles 2023-05-31 01561562 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 01561562 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 01561562 d:FurnitureFittings 2023-06-01 2024-05-31 01561562 d:FurnitureFittings 2024-05-31 01561562 d:FurnitureFittings 2023-05-31 01561562 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 01561562 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 01561562 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 01561562 d:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 01561562 d:CurrentFinancialInstruments 2024-05-31 01561562 d:CurrentFinancialInstruments 2023-05-31 01561562 d:Non-currentFinancialInstruments 2024-05-31 01561562 d:Non-currentFinancialInstruments 2023-05-31 01561562 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 01561562 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 01561562 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 01561562 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 01561562 d:ShareCapital 2024-05-31 01561562 d:ShareCapital 2023-05-31 01561562 d:RevaluationReserve 2023-06-01 2024-05-31 01561562 d:RevaluationReserve 2024-05-31 01561562 d:RevaluationReserve 2023-05-31 01561562 d:RetainedEarningsAccumulatedLosses 2023-06-01 2024-05-31 01561562 d:RetainedEarningsAccumulatedLosses 2024-05-31 01561562 d:RetainedEarningsAccumulatedLosses 2023-05-31 01561562 c:FRS102 2023-06-01 2024-05-31 01561562 c:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 01561562 c:FullAccounts 2023-06-01 2024-05-31 01561562 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 01561562 d:HirePurchaseContracts d:WithinOneYear 2024-05-31 01561562 d:HirePurchaseContracts d:WithinOneYear 2023-05-31 01561562 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-05-31 01561562 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-05-31 01561562 5 2023-06-01 2024-05-31 01561562 d:AcceleratedTaxDepreciationDeferredTax 2024-05-31 01561562 d:AcceleratedTaxDepreciationDeferredTax 2023-05-31 01561562 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 01561562









T.B.S. MECHANICAL & ELECTRICAL DESIGN & BUILD LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

 
T.B.S. MECHANICAL & ELECTRICAL DESIGN & BUILD LIMITED
 
 
COMPANY INFORMATION


Directors
A Brewer 
D Bradbury 




Registered number
01561562



Registered office
263 Alcester Road South
Kings Heath

Birmingham

West Midlands

B14 6DT




Accountants
Wayside Accountancy Limited
Chartered Accountants

5 Willow Close

Fradley

Lichfield

WS13 8RW





 
T.B.S. MECHANICAL & ELECTRICAL DESIGN & BUILD LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF T.B.S. MECHANICAL & ELECTRICAL DESIGN & BUILD LIMITED
FOR THE YEAR ENDED 31 MAY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of T.B.S. Mechanical & Electrical Design & Build Limited for the year ended 31 May 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of T.B.S. Mechanical & Electrical Design & Build Limited, as a body, in accordance with the terms of our engagement letter dated 19 March 2018Our work has been undertaken solely to prepare for your approval the financial statements of T.B.S. Mechanical & Electrical Design & Build Limited and state those matters that we have agreed to state to the Board of directors of T.B.S. Mechanical & Electrical Design & Build Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than T.B.S. Mechanical & Electrical Design & Build Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that T.B.S. Mechanical & Electrical Design & Build Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of T.B.S. Mechanical & Electrical Design & Build Limited. You consider that T.B.S. Mechanical & Electrical Design & Build Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of T.B.S. Mechanical & Electrical Design & Build Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Wayside Accountancy Limited
 
Chartered Accountants
  
5 Willow Close
Fradley
Lichfield
WS13 8RW
27 September 2024
Page 1

 
T.B.S. MECHANICAL & ELECTRICAL DESIGN & BUILD LIMITED
REGISTERED NUMBER: 01561562

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
332,878
351,250

  
332,878
351,250

Current assets
  

Stocks
  
2,216
8,674

Debtors: amounts falling due within one year
 5 
468,167
533,240

Cash at bank and in hand
  
66,038
305,107

  
536,421
847,021

Creditors: amounts falling due within one year
 6 
(370,818)
(689,803)

Net current assets
  
 
 
165,603
 
 
157,218

Total assets less current liabilities
  
498,481
508,468

Creditors: amounts falling due after more than one year
 7 
(6,031)
(17,442)

Provisions for liabilities
  

Deferred tax
 9 
(9,457)
(11,351)

Net assets
  
482,993
479,675


Capital and reserves
  

Called up share capital 
  
100
100

Revaluation reserve
 10 
114,901
119,805

Profit and loss account
 10 
367,992
359,770

  
482,993
479,675


Page 2

 
T.B.S. MECHANICAL & ELECTRICAL DESIGN & BUILD LIMITED
REGISTERED NUMBER: 01561562
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 September 2024.


A Brewer
Director

The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
T.B.S. MECHANICAL & ELECTRICAL DESIGN & BUILD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

TBS Mechanical & Electrical Design & Build Limited is a limited liability company incorporated and domicled in the United Kingdom. The address of its registered office is disclosed on the company information page. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 
T.B.S. MECHANICAL & ELECTRICAL DESIGN & BUILD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
T.B.S. MECHANICAL & ELECTRICAL DESIGN & BUILD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight line and reducing balance method.

Depreciation is provided on the following basis:

Freehold property
-
2%
straight line
Plant and machinery
-
10%
reducing balance
Motor vehicles
-
33%
straight line and reducing balance
Fixtures and fittings
-
10%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 6

 
T.B.S. MECHANICAL & ELECTRICAL DESIGN & BUILD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2023 - 10).

Page 7

 
T.B.S. MECHANICAL & ELECTRICAL DESIGN & BUILD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 June 2023
400,000
37,751
48,490
70,658
556,899



At 31 May 2024

400,000
37,751
48,490
70,658
556,899



Depreciation


At 1 June 2023
100,800
28,569
12,931
63,349
205,649


Charge for the year on owned assets
9,600
920
-
732
11,252


Charge for the year on financed assets
-
-
7,120
-
7,120



At 31 May 2024

110,400
29,489
20,051
64,081
224,021



Net book value



At 31 May 2024
289,600
8,262
28,439
6,577
332,878



At 31 May 2023
299,200
9,182
35,559
7,309
351,250

Page 8

 
T.B.S. MECHANICAL & ELECTRICAL DESIGN & BUILD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
43,445
106,462

Amounts owed by group undertakings
400,939
406,854

Prepayments and accrued income
23,783
19,924

468,167
533,240



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
35,009
40,271

Trade creditors
257,009
493,180

Corporation tax
8,016
16,422

Other taxation and social security
58,791
118,521

Obligations under finance lease and hire purchase contracts
11,277
10,741

Other creditors
716
2,118

Accruals and deferred income
-
8,550

370,818
689,803



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
6,031
17,442



8.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
11,277
10,741

Between 1-5 years
6,031
17,442

17,308
28,183

Page 9

 
T.B.S. MECHANICAL & ELECTRICAL DESIGN & BUILD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

9.


Deferred taxation




2024


£






At beginning of year
(11,351)


Utilised in year
1,894



At end of year
(9,457)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
9,457
11,351


10.


Reserves

Revaluation reserve

The reserve represents the revaluation of the company's freehold property. 

Profit and loss account

The profit and loss reserve represents accumulated profit and loss for the year and prior periods less dividends paid. 


11.


Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from thouse of the company in an independetly administered fund. Then pension cost charge represents contributions payable by the company to the fund and amounted to £28,876 (2023: £24,748). 


12.


Controlling party

The ultimate parent and controlling party is T.B.S Mechanical Services Limited, a company incorporated in Great Britain.  

 
Page 10