Registered number
07136303
S R Mechanical Services Ltd
Filleted Accounts
28 February 2025
S R Mechanical Services Ltd
Registered number: 07136303
Balance Sheet
as at 28 February 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 58,590 73,238
Current assets
Stocks 40,000 40,000
Debtors 4 138,112 110,925
Cash at bank and in hand 50 50
178,162 150,975
Creditors: amounts falling due within one year 5 (229,262) (164,368)
Net current liabilities (51,100) (13,393)
Total assets less current liabilities 7,490 59,845
Creditors: amounts falling due after more than one year 6 (62,188) (94,363)
Net liabilities (54,698) (34,518)
Capital and reserves
Called up share capital 100 100
Profit and loss account (54,798) (34,618)
Shareholder's funds (54,698) (34,518)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Robb
Director
Approved by the board on 23 April 2025
S R Mechanical Services Ltd
Notes to the Accounts
for the year ended 28 February 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2024 27,857 99,155 127,012
At 28 February 2025 27,857 99,155 127,012
Depreciation
At 1 March 2024 25,628 28,146 53,774
Charge for the year 446 14,202 14,648
At 28 February 2025 26,074 42,348 68,422
Net book value
At 28 February 2025 1,783 56,807 58,590
At 29 February 2024 2,229 71,009 73,238
4 Debtors 2025 2024
£ £
Trade debtors 138,112 110,925
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 30,444 47,611
Obligations under finance lease and hire purchase contracts 12,228 11,399
Trade creditors 37,006 41,853
Taxation and social security costs 51,906 (6,456)
Other creditors 97,678 69,961
229,262 164,368
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 17,978 39,704
Obligations under finance lease and hire purchase contracts 44,210 54,659
62,188 94,363
7 Other information
S R Mechanical Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1 Yeats Close
Redhill
RH1 6LG
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