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Company Registration No. 03726284 (England and Wales)
Corby Mechanical Services Limited Unaudited accounts for the year ended 31 March 2024
Corby Mechanical Services Limited Unaudited accounts Contents
Page
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Corby Mechanical Services Limited Company Information for the year ended 31 March 2024
Directors
Robert MacLeod Michael Diamond
Secretary
Michael Diamond
Company Number
03726284 (England and Wales)
Registered Office
UNIT 2 TRAFALGAR BUSINESS PARK BAIRD ROAD WILLOWBROOK NORTH INDUSTRIAL CORBY NORTHAMPTONSHIRE NN17 5ZA United Kingdom
Accountants
Kingsbrook Accounting and Tax Services Limited 2 Kingsbrook Corby Northants NN189HY
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Corby Mechanical Services Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
75,129 
74,756 
Current assets
Inventories
78,646 
61,517 
Debtors
341,901 
425,182 
Cash at bank and in hand
273,566 
186,850 
694,113 
673,549 
Creditors: amounts falling due within one year
(344,210)
(386,287)
Net current assets
349,903 
287,262 
Total assets less current liabilities
425,032 
362,018 
Creditors: amounts falling due after more than one year
- 
(23,205)
Provisions for liabilities
Deferred tax
(14,275)
(14,204)
Other provisions
(5,000)
(5,000)
(19,275)
(19,204)
Net assets
405,757 
319,609 
Capital and reserves
Called up share capital
9,000 
9,000 
Profit and loss account
396,757 
310,609 
Shareholders' funds
405,757 
319,609 
For the year ending 31 March 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 1 May 2024 and were signed on its behalf by
Michael Diamond Director Company Registration No. 03726284
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Corby Mechanical Services Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Corby Mechanical Services Limited is a private company, limited by shares, registered in England and Wales, registration number 03726284. The registered office is UNIT 2 TRAFALGAR BUSINESS PARK, BAIRD ROAD WILLOWBROOK NORTH INDUSTRIAL , CORBY, NORTHAMPTONSHIRE, NN17 5ZA, United Kingdom.
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.
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
equal installments over the lease
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
6,615 
211,328 
41,671 
2,450 
31,178 
293,242 
Additions
- 
12,223 
10,676 
- 
125 
23,024 
Revaluations
- 
- 
(12,500)
- 
- 
(12,500)
At 31 March 2024
6,615 
223,551 
39,847 
2,450 
31,303 
303,766 
Depreciation
At 1 April 2023
6,615 
151,776 
32,534 
2,401 
25,160 
218,486 
Charge for the year
- 
15,324 
4,670 
12 
1,513 
21,519 
On disposals
- 
- 
(11,368)
- 
- 
(11,368)
At 31 March 2024
6,615 
167,100 
25,836 
2,413 
26,673 
228,637 
Net book value
At 31 March 2024
- 
56,451 
14,011 
37 
4,630 
75,129 
At 31 March 2023
- 
59,552 
9,137 
49 
6,018 
74,756 
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Corby Mechanical Services Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
330,343 
369,411 
Accrued income and prepayments
11,558 
10,771 
Other debtors
- 
45,000 
341,901 
425,182 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
10,000 
VAT
33,044 
43,766 
Trade creditors
251,085 
248,990 
Taxes and social security
7,584 
54,606 
Other creditors
1,229 
1,112 
Accruals
51,268 
27,813 
344,210 
386,287 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
23,205 
8
Provisions for liabilities
£ 
At 1 April 2023
5,000 
At 31 March 2024
5,000 
This is a warranty provision based upon work carried out this year already and future known costs
9
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 March 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
- 
34,460 
Later than one year and not later than five years
- 
23,537 
- 
57,997 
10
Average number of employees
During the year the average number of employees was 12 (2023: 12).
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