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REGISTERED NUMBER: 03729737 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Mectek Mechanical Services Limited

Mectek Mechanical Services Limited (Registered number: 03729737)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mectek Mechanical Services Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M D Wright
Mrs J A Wright





SECRETARY: Mrs J A Wright





REGISTERED OFFICE: The Mills
Canal Street
Derby
DE1 2RJ





REGISTERED NUMBER: 03729737 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Mectek Mechanical Services Limited (Registered number: 03729737)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 460,553 409,043

CURRENT ASSETS
Stocks 6,516 6,206
Debtors 5 824,474 896,466
Cash at bank 12,065 1,944
843,055 904,616
CREDITORS
Amounts falling due within one year 6 778,715 894,839
NET CURRENT ASSETS 64,340 9,777
TOTAL ASSETS LESS CURRENT
LIABILITIES

524,893

418,820

CREDITORS
Amounts falling due after more than one
year

7

(117,223

)

(30,333

)

PROVISIONS FOR LIABILITIES 10 (9,497 ) (11,892 )
NET ASSETS 398,173 376,595

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 397,173 375,595
SHAREHOLDERS' FUNDS 398,173 376,595

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Mectek Mechanical Services Limited (Registered number: 03729737)

Balance Sheet - continued
31 March 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 March 2025 and were signed on its behalf by:





M D Wright - Director


Mectek Mechanical Services Limited (Registered number: 03729737)

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

1. STATUTORY INFORMATION

Mectek 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.

Turnover
Turnover represents the net invoiced value of goods and services, excluding valued added tax.
Turnover is recognised in the period in which the goods and services were provided.

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.
Improvements to property - Straight line over 3 years
Plant and machinery - 15% on cost
Motor vehicles - 20% on cost
Office equipment - 20% 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. Cost is determined using a first in first out basis.

Deferred tax
Deferred tax is recognised in respect of all material timing differences.

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.

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.

Invoice discounting
The debts discounted are included within trade debtors with a financing limit relating to proceeds received from the invoice discounter included within creditors.

The interest element and other discount charges are recognised within the profit and loss account as they accrue.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 16 ) .

Mectek Mechanical Services Limited (Registered number: 03729737)

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

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Office
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 84,099 606,136 779,604 48,509 1,518,348
Additions - 68,750 175,664 - 244,414
Disposals - (25,400 ) (24,750 ) - (50,150 )
At 31 March 2024 84,099 649,486 930,518 48,509 1,712,612
DEPRECIATION
At 1 April 2023 48,163 328,617 693,228 39,297 1,109,305
Charge for year 20,083 84,439 84,824 3,558 192,904
Eliminated on disposal - (25,400 ) (24,750 ) - (50,150 )
At 31 March 2024 68,246 387,656 753,302 42,855 1,252,059
NET BOOK VALUE
At 31 March 2024 15,853 261,830 177,216 5,654 460,553
At 31 March 2023 35,936 277,519 86,376 9,212 409,043


5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 677,524 706,581
Directors' current accounts 100,312 142,992
Tax 13,871 -
791,707 849,573

Amounts falling due after more than one year:
Tax 32,767 46,893

Aggregate amounts 824,474 896,466

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Advances under factoring
arrangement 278,510 368,806
Hire purchase contracts (see note 8) 39,306 75,958
Trade creditors 119,093 79,407
Amounts owed to related parties 228,342 236,703
Tax - 4,556
Social security and other taxes 94,090 110,247
Other creditors 1,872 1,872
Accrued expenses 7,502 7,290
778,715 894,839

Mectek Mechanical Services Limited (Registered number: 03729737)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 2,500 12,500
Hire purchase contracts (see note 8) 104,723 7,833
117,223 30,333

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 39,306 75,958
Between one and five years 104,723 7,833
144,029 83,791

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 144,029 83,791

Amounts due under factoring arrangements are secured against the assets of the company.

Hire purchase liabilities are secured against the assets to which they relate to.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 59,032 45,052
Tax losses carried forward (49,535 ) (33,160 )
9,497 11,892

Deferred
tax
£   
Balance at 1 April 2023 11,892
Credit to Profit and Loss Account during year (2,395 )
Balance at 31 March 2024 9,497

Mectek Mechanical Services Limited (Registered number: 03729737)

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

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors maintain a loan account with the company. At the balance sheet date, the amounts owing from the directors is shown in the debtors note. The amounts are interest free and repayable upon demand.