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REGISTERED NUMBER: 03270073 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Mechanet Limited

Mechanet Limited (Registered number: 03270073)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Mechanet Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: D M A Castrey



REGISTERED OFFICE: 33 Henbury Drive
Chelmsley Wood
Birmingham
West Midlands
B37 6UN



REGISTERED NUMBER: 03270073 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: Cater Allen Private Bank
Sovereign House
16-22 Western Road
Romford
RM1 3SP

Mechanet Limited (Registered number: 03270073)

Statement of Financial Position
31 December 2024

31/12/24 31/12/23
Notes £    £   
CURRENT ASSETS
Cash at bank 5 13

CREDITORS
Amounts falling due within one year 5 6,736 6,530
NET CURRENT LIABILITIES (6,731 ) (6,517 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,731

)

(6,517

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (6,831 ) (6,617 )
SHAREHOLDERS' FUNDS (6,731 ) (6,517 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 February 2025 and were signed by:





D M A Castrey - Director


Mechanet Limited (Registered number: 03270073)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

Mechanet 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.

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 - 33% on cost

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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
Cost
At 1 January 2024
and 31 December 2024 12,562
Depreciation
At 1 January 2024
and 31 December 2024 12,562
Net book value
At 31 December 2024 -
At 31 December 2023 -

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Other creditors 6,736 6,530

Mechanet Limited (Registered number: 03270073)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


6. RELATED PARTY DISCLOSURES

At 31 December 2024 the company owed the director, D M A Castrey, £6,556 (2023 - £6,350). The loan balance is interest free and repayable on demand.

7. GOING CONCERN

Despite net current liabilities of £6,731 as at 31 December 2024 (2023 - £6,517) the director has prepared the accounts on a going concern basis based on his continued financial support to the company.