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REGISTERED NUMBER: 05015344 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

ESSEX MECHANICAL SERVICES LIMITED

ESSEX MECHANICAL SERVICES LIMITED (REGISTERED NUMBER: 05015344)






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


ESSEX MECHANICAL SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mrs D Head
D Head
A Head





SECRETARY: Mrs D Head





REGISTERED OFFICE: Unit 3 Peartree Business Centre
Peartree Road
Stanway
Colchester
Essex
CO3 0JN





REGISTERED NUMBER: 05015344 (England and Wales)





ACCOUNTANTS: Richard Sexton & Co LLP
3 Manor Road
Colchester
Essex
CO3 3LU

ESSEX MECHANICAL SERVICES LIMITED (REGISTERED NUMBER: 05015344)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 38,750
Tangible assets 5 211,332 198,954
211,332 237,704

CURRENT ASSETS
Stocks 6 3,000 3,000
Debtors 7 1,370,955 1,388,756
Investments 8 206,842 206,842
Cash at bank 2,008,968 1,230,315
3,589,765 2,828,913
CREDITORS
Amounts falling due within one year 9 729,565 363,000
NET CURRENT ASSETS 2,860,200 2,465,913
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,071,532

2,703,617

PROVISIONS FOR LIABILITIES 36,050 32,950
NET ASSETS 3,035,482 2,670,667

CAPITAL AND RESERVES
Called up share capital 11 1,005 1,005
Retained earnings 12 3,034,477 2,669,662
SHAREHOLDERS' FUNDS 3,035,482 2,670,667

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 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.

ESSEX MECHANICAL SERVICES LIMITED (REGISTERED NUMBER: 05015344)

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 Board of Directors and authorised for issue on 14 January 2025 and were signed on its behalf by:




A Head - Director



D Head - Director


ESSEX MECHANICAL SERVICES LIMITED (REGISTERED NUMBER: 05015344)

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

1. STATUTORY INFORMATION

Essex Mechanical Services Limited 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.

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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - not provided
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

Work in progress has been valued at selling price based upon the work carried out at the balance sheet date, and is included in trade debtors.

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.

ESSEX MECHANICAL SERVICES LIMITED (REGISTERED NUMBER: 05015344)

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

2. ACCOUNTING POLICIES - continued

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 20 (2023 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 775,000
AMORTISATION
At 1 May 2023 736,250
Amortisation for year 38,750
At 30 April 2024 775,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 38,750

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 May 2023 67,138 113,649 195,769 376,556
Additions - 1,655 71,120 72,775
Disposals - - (38,970 ) (38,970 )
At 30 April 2024 67,138 115,304 227,919 410,361
DEPRECIATION
At 1 May 2023 - 73,625 103,977 177,602
Charge for year - 10,421 37,646 48,067
Eliminated on disposal - - (26,640 ) (26,640 )
At 30 April 2024 - 84,046 114,983 199,029
NET BOOK VALUE
At 30 April 2024 67,138 31,258 112,936 211,332
At 30 April 2023 67,138 40,024 91,792 198,954

6. STOCKS
2024 2023
£    £   
Stocks 3,000 3,000

ESSEX MECHANICAL SERVICES LIMITED (REGISTERED NUMBER: 05015344)

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

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 998,066 1,330,267
Other debtors - 17,384
Directors loan 287,923 21,984
Prepayments 72,166 11,701
1,358,155 1,381,336

Amounts falling due after more than one year:
Corporation tax repayable 12,800 7,420

Aggregate amounts 1,370,955 1,388,756

The maximum amount outstanding on the Directors Loan during the year was £287,923, and interest of £3,170 was charged at commercial rates on the outstanding balance.

8. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Other 206,842 206,842

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 228,697 199,559
Amounts owed to associates 103 103
Corporation tax 161,400 143,130
Social security and other taxes 329,365 12,208
Accrued expenses 10,000 8,000
729,565 363,000

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 33,297 34,272
Between one and five years 6,204 27,570
39,501 61,842

These obligations all relate to ongoing leases for vans.

ESSEX MECHANICAL SERVICES LIMITED (REGISTERED NUMBER: 05015344)

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

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000
5 Ordinary B shares £1 5 5
1,005 1,005

12. RESERVES
Retained
earnings
£   

At 1 May 2023 2,669,662
Profit for the year 384,601
Dividends (19,786 )
At 30 April 2024 3,034,477

13. RELATED PARTY DISCLOSURES

During the year, total dividends of £17,500 (2023 - £215,000) were paid to the directors .

14. ULTIMATE CONTROLLING PARTY

The company is under the control of its directors.