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REGISTERED NUMBER: 09721353 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

AB Mechanical Services (Hull) Ltd

AB Mechanical Services (Hull) Ltd (Registered number: 09721353)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AB Mechanical Services (Hull) Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: D A Jackson
S Bush





REGISTERED OFFICE: One Business Village
West Dock Street
Hull
East Yorkshire
HU3 4HH





REGISTERED NUMBER: 09721353 (England and Wales)

AB Mechanical Services (Hull) Ltd (Registered number: 09721353)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 1,160 1,450
Tangible assets 5 194,399 115,525
195,559 116,975

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 6 353,718 578,959
Cash at bank and in hand 170,031 917
525,749 581,876
CREDITORS
Amounts falling due within one year 7 349,683 458,028
NET CURRENT ASSETS 176,066 123,848
TOTAL ASSETS LESS CURRENT
LIABILITIES

371,625

240,823

CREDITORS
Amounts falling due after more than one
year

8

(120,900

)

(87,618

)

PROVISIONS FOR LIABILITIES (28,117 ) (3,176 )
NET ASSETS 222,608 150,029

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 222,508 149,929
SHAREHOLDERS' FUNDS 222,608 150,029

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

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

AB Mechanical Services (Hull) Ltd (Registered number: 09721353)

Balance Sheet - continued
31 August 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 24 February 2025 and were signed on its behalf by:





D A Jackson - Director


AB Mechanical Services (Hull) Ltd (Registered number: 09721353)

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

1. STATUTORY INFORMATION

AB Mechanical Services (Hull) 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.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Revenue Recognition
Revenue is recognised under an exchange transaction with a customer when, and to the extent that, the company receives a right to consideration from its performance.

Part completed contracts at the year-end that fulfil the criteria are included in these financial statements based on their fair value of the right to consideration at the balance sheet date. The value is included in debtors as Amounts Recoverable on Contracts.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

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.
Plant and machinery etc - 33% on cost, 25% on cost, 20% on cost and 15% on cost

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. Cost is calculated at an average cost basis.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


AB Mechanical Services (Hull) Ltd (Registered number: 09721353)

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

2. ACCOUNTING POLICIES - continued
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
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 September 2023
and 31 August 2024 1,450
AMORTISATION
Charge for year 290
At 31 August 2024 290
NET BOOK VALUE
At 31 August 2024 1,160
At 31 August 2023 1,450

AB Mechanical Services (Hull) Ltd (Registered number: 09721353)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 147,290
Additions 122,443
At 31 August 2024 269,733
DEPRECIATION
At 1 September 2023 31,765
Charge for year 43,569
At 31 August 2024 75,334
NET BOOK VALUE
At 31 August 2024 194,399
At 31 August 2023 115,525

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 September 2023 120,475
Additions 101,180
At 31 August 2024 221,655
DEPRECIATION
At 1 September 2023 17,655
Charge for year 37,462
At 31 August 2024 55,117
NET BOOK VALUE
At 31 August 2024 166,538
At 31 August 2023 102,820

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 335,291 534,745
Other debtors 18,427 44,214
353,718 578,959

AB Mechanical Services (Hull) Ltd (Registered number: 09721353)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 6,389 6,389
Hire purchase contracts and finance leases 44,250 19,493
Trade creditors 124,824 332,531
Taxation and social security 73,976 68,932
Other creditors 100,244 30,683
349,683 458,028

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 4,991 10,989
Hire purchase contracts and finance leases 115,909 76,629
120,900 87,618

9. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 11,380 17,378
Hire purchase contracts and finance leases 160,159 96,122
171,539 113,500

These are secured on the assets to which they relate.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and
31 August 2023:
31.8.2431.8.23
££
Balance outstanding at start of year19,62138,879
Amounts advanced50,71335,742
Amounts repaid(70,500)(55,000)

Balance outstanding at end of year(167)19,621