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REGISTERED NUMBER: 10704454 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024

FOR

BUDWORTH MECHANICAL LTD

BUDWORTH MECHANICAL LTD (REGISTERED NUMBER: 10704454)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BUDWORTH MECHANICAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTOR: J Budworth





SECRETARY: Mrs R Budworth





REGISTERED OFFICE: 69 Mercer Street
Burtonwood
Warrington
Cheshire
WA5 4JJ





REGISTERED NUMBER: 10704454 (England and Wales)





ACCOUNTANTS: Hunter Healey Limited
Abacus House
450 Warrington Road
Culcheth
Warrington
Cheshire
WA3 5QX

BUDWORTH MECHANICAL LTD (REGISTERED NUMBER: 10704454)

BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,776 13,371

CURRENT ASSETS
Stocks 13,897 24,725
Debtors 5 196,354 128,077
Cash at bank 38,486 17,687
248,737 170,489
CREDITORS
Amounts falling due within one year 6 254,589 171,740
NET CURRENT LIABILITIES (5,852 ) (1,251 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,924

12,120

CREDITORS
Amounts falling due after more than one
year

7

12,772

12,000
NET ASSETS 152 120

BUDWORTH MECHANICAL LTD (REGISTERED NUMBER: 10704454)

BALANCE SHEET - continued
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 5 5
Capital redemption reserve 95 95
Retained earnings 52 20
152 120

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 24th January 2025 and were signed by:





J Budworth - Director


BUDWORTH MECHANICAL LTD (REGISTERED NUMBER: 10704454)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024

1. STATUTORY INFORMATION

Budworth Mechanical 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


BUDWORTH MECHANICAL LTD (REGISTERED NUMBER: 10704454)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 2 ) .

BUDWORTH MECHANICAL LTD (REGISTERED NUMBER: 10704454)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st May 2023 10,389 13,708 2,614 26,711
Additions - 16,443 649 17,092
Disposals - (13,708 ) - (13,708 )
At 30th April 2024 10,389 16,443 3,263 30,095
DEPRECIATION
At 1st May 2023 3,881 7,925 1,534 13,340
Charge for year 977 4,111 816 5,904
Eliminated on disposal - (7,925 ) - (7,925 )
At 30th April 2024 4,858 4,111 2,350 11,319
NET BOOK VALUE
At 30th April 2024 5,531 12,332 913 18,776
At 30th April 2023 6,508 5,783 1,080 13,371

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 11,943
At 30th April 2024 11,943
DEPRECIATION
Charge for year 2,986
At 30th April 2024 2,986
NET BOOK VALUE
At 30th April 2024 8,957

BUDWORTH MECHANICAL LTD (REGISTERED NUMBER: 10704454)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 153,678 61,837
Other debtors 42,676 66,240
196,354 128,077

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,800 4,800
Hire purchase contracts 3,981 -
Trade creditors 111,206 74,813
Taxation and social security 129,533 85,471
Other creditors 5,069 6,656
254,589 171,740

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 6,800 12,000
Hire purchase contracts 5,972 -
12,772 12,000

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 9,953 -

BUDWORTH MECHANICAL LTD (REGISTERED NUMBER: 10704454)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th April 2024 and 30th April 2023:

2024 2023
£    £   
J Budworth
Balance outstanding at start of year 59,447 27,343
Amounts advanced 147,259 59,447
Amounts repaid (174,504 ) (27,343 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 32,202 59,447

The above loan was repaid within 9 months of the year end.