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REGISTERED NUMBER: 09650972 (England and Wales)















M 2 Mechanical Ltd

Unaudited Financial Statements for the Year Ended 30 June 2024






M 2 Mechanical Ltd (Registered number: 09650972)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 7


M 2 Mechanical Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: M A Jarvis
D Tuttlebee
J P Whitehead
C W Norris
K Wright





REGISTERED OFFICE: Chandos House
School Lane
Buckingham
Buckinghamshire
MK18 1HD





REGISTERED NUMBER: 09650972 (England and Wales)





ACCOUNTANTS: Tearle & Carver Limited
Chandos House
School Lane
Buckingham
Buckinghamshire
MK18 1HD

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
M 2 Mechanical Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of M 2 Mechanical Ltd for the year ended 30 June 2024 which comprise the Income Statement, 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of M 2 Mechanical Ltd, as a body, in accordance with the terms of our engagement letter dated 1 June 2020. Our work has been undertaken solely to prepare for your approval the financial statements of M 2 Mechanical Ltd and state those matters that we have agreed to state to the Board of Directors of M 2 Mechanical Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than M 2 Mechanical Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that M 2 Mechanical Ltd 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 M 2 Mechanical Ltd. You consider that M 2 Mechanical Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of M 2 Mechanical Ltd. 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.






Tearle & Carver Limited
Chandos House
School Lane
Buckingham
Buckinghamshire
MK18 1HD


18 March 2025

M 2 Mechanical Ltd (Registered number: 09650972)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 141,735 43,522

CURRENT ASSETS
Stocks 33,000 67,472
Debtors 5 531,066 319,697
Cash at bank 136,599 294,175
700,665 681,344
CREDITORS
Amounts falling due within one year 6 473,306 424,906
NET CURRENT ASSETS 227,359 256,438
TOTAL ASSETS LESS CURRENT
LIABILITIES

369,094

299,960

CREDITORS
Amounts falling due after more than one
year

7

31,373

-
NET ASSETS 337,721 299,960

CAPITAL AND RESERVES
Called up share capital 586 100
Retained earnings 337,135 299,860
337,721 299,960

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

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

M 2 Mechanical Ltd (Registered number: 09650972)

Balance Sheet - continued
30 June 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 18 March 2025 and were signed on its behalf by:




M A Jarvis - Director



D Tuttlebee - Director


M 2 Mechanical Ltd (Registered number: 09650972)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

M 2 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.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
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 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.

Hire purchase and leasing commitments
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.

M 2 Mechanical Ltd (Registered number: 09650972)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 29 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 19,157 9,131 164,275 12,379 204,942
Additions 19,590 1,180 146,984 2,823 170,577
Disposals - - (22,735 ) - (22,735 )
At 30 June 2024 38,747 10,311 288,524 15,202 352,784
DEPRECIATION
At 1 July 2023 12,373 2,964 140,250 5,833 161,420
Charge for year 8,044 2,578 52,257 3,801 66,680
Eliminated on disposal - - (17,051 ) - (17,051 )
At 30 June 2024 20,417 5,542 175,456 9,634 211,049
NET BOOK VALUE
At 30 June 2024 18,330 4,769 113,068 5,568 141,735
At 30 June 2023 6,784 6,167 24,025 6,546 43,522

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 471,386 294,930
Other debtors 59,680 24,767
531,066 319,697

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 20,857
Hire purchase contracts 12,189 883
Wages & salaries control 67 -
Trade creditors 339,190 180,902
Taxation and social security 92,122 168,269
Other creditors 29,738 53,995
473,306 424,906

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 31,373 -

M 2 Mechanical Ltd (Registered number: 09650972)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr M Jarvis and Mr D Tuttlebee