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CHJ MECHANICAL LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






CHJ MECHANICAL LTD (REGISTERED NUMBER: 12036268)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHJ MECHANICAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mrs L Jackson
C H Jackson





REGISTERED OFFICE: Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS





REGISTERED NUMBER: 12036268 (England and Wales)





ACCOUNTANTS: Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS

CHJ MECHANICAL LTD (REGISTERED NUMBER: 12036268)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 42,941 -
Tangible assets 5 78,250 56,082
Investments 6 - 80,400
121,191 136,482

CURRENT ASSETS
Debtors 7 243,825 256,289
Cash at bank 6,753 50,076
250,578 306,365
CREDITORS
Amounts falling due within one year 8 281,453 339,714
NET CURRENT LIABILITIES (30,875 ) (33,349 )
TOTAL ASSETS LESS CURRENT LIABILITIES 90,316 103,133

CREDITORS
Amounts falling due after more than one
year

9

(43,411

)

(24,178

)

PROVISIONS FOR LIABILITIES 11 (17,400 ) (8,700 )
NET ASSETS 29,505 70,255

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 29,405 70,155
SHAREHOLDERS' FUNDS 29,505 70,255

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.

CHJ MECHANICAL LTD (REGISTERED NUMBER: 12036268)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:





C H Jackson - Director


CHJ MECHANICAL LTD (REGISTERED NUMBER: 12036268)

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


1. STATUTORY INFORMATION

CHJ 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about CHJ Mechanical Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 2022, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.


CHJ MECHANICAL LTD (REGISTERED NUMBER: 12036268)

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


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 8 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 42,941
At 30 June 2024 42,941
NET BOOK VALUE
At 30 June 2024 42,941

CHJ MECHANICAL LTD (REGISTERED NUMBER: 12036268)

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


5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 7,359 97,040 3,789 108,188
Additions - 35,617 1,966 37,583
At 30 June 2024 7,359 132,657 5,755 145,771
DEPRECIATION
At 1 July 2023 3,686 45,555 2,865 52,106
Charge for year 735 13,613 1,067 15,415
At 30 June 2024 4,421 59,168 3,932 67,521
NET BOOK VALUE
At 30 June 2024 2,938 73,489 1,823 78,250
At 30 June 2023 3,673 51,485 924 56,082

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023 80,400
Impairments (37,459 )
Reclassification/transfer (42,941 )
At 30 June 2024 -
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 80,400

On 30 June 2024, the subsidiary company CHJ Service & Maintenance Ltd was hived up into CHJ Mechanical Limited. This resulted in £42,941 being transferred to goodwill and an impairment in the investment of £37,459.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 127,770 172,126
Amounts recoverable on contracts 22,435 55,030
Other debtors 93,620 29,133
243,825 256,289

CHJ MECHANICAL LTD (REGISTERED NUMBER: 12036268)

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


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 11,017 6,083
Trade creditors 148,299 262,931
Amounts owed to group undertakings 16,832 36,114
Taxation and social security 36,247 24,707
Other creditors 69,058 9,879
281,453 339,714

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 43,411 24,178

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 54,428 30,261

Net obligations under finance leases and hire purchase contracts are secured on the assets concerned.

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 17,400 8,700

Deferred
tax
£   
Balance at 1 July 2023 8,700
Provided during year 8,700
Balance at 30 June 2024 17,400

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 ORDINARY £1 100 100

CHJ MECHANICAL LTD (REGISTERED NUMBER: 12036268)

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


13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

20242023
£ £
Balance outstanding at start of year(872)(82)
Amounts advanced149,764102,000
Amounts repaid(102,637)(102,790)
Amounts written off--
Amounts waived--
Balance outstanding at end of year46,255(872)

Interest is charged at HMRC approved rates on overdrawn balances over £10,000. The interest charged and included in the accounts amounted to £94 (2023: £Nil).