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REGISTERED NUMBER: SC353279 (Scotland)













Unaudited Financial Statements

for the Year Ended 30 April 2024

for

HYMEC ENGINEERING SERVICES LIMITED

HYMEC ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: SC353279)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HYMEC ENGINEERING SERVICES LIMITED

Company Information
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: S Anderson





REGISTERED OFFICE: 6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ





REGISTERED NUMBER: SC353279 (Scotland)





ACCOUNTANTS: BK Plus Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

HYMEC ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: SC353279)

Balance Sheet
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6 11

CURRENT ASSETS
Stocks 2,025 1,498
Debtors 5 113,002 109,974
Cash at bank and in hand 11,729 35,172
126,756 146,644
CREDITORS
Amounts falling due within one year 6 84,945 108,168
NET CURRENT ASSETS 41,811 38,476
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,817

38,487

CREDITORS
Amounts falling due after more than one
year

7

32,764

38,320
NET ASSETS 9,053 167

CAPITAL AND RESERVES
Called up share capital 103 103
Retained earnings 8,950 64
SHAREHOLDERS' FUNDS 9,053 167

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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.

HYMEC ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: SC353279)

Balance Sheet - continued
30 APRIL 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 September 2024 and were signed by:





S Anderson - Director


HYMEC ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: SC353279)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Hymec Engineering Services Limited is a private company, limited by shares , registered in Scotland. 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.
Fixtures and fittings - 25% on a reducing balance basis
Computer equipment - 33.33% on a straight line basis

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 Income Statement, 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.

HYMEC ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: SC353279)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 83 4,522 4,605
DEPRECIATION
At 1 May 2023 75 4,519 4,594
Charge for year 2 3 5
At 30 April 2024 77 4,522 4,599
NET BOOK VALUE
At 30 April 2024 6 - 6
At 30 April 2023 8 3 11

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 93,552 91,502
Other debtors 19,450 18,472
113,002 109,974

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,555 5,556
Trade creditors 53,518 40,087
Taxation and social security 23,343 13,867
Other creditors 2,529 48,658
84,945 108,168

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 32,764 38,320