IRIS Accounts Production v24.3.2.46 03372646 director 1.6.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh033726462023-05-31033726462024-05-31033726462023-06-012024-05-31033726462022-05-31033726462022-06-012023-05-31033726462023-05-3103372646ns15:EnglandWales2023-06-012024-05-3103372646ns14:PoundSterling2023-06-012024-05-3103372646ns10:Director12023-06-012024-05-3103372646ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3103372646ns10:SmallEntities2023-06-012024-05-3103372646ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3103372646ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3103372646ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3103372646ns10:FullAccounts2023-06-012024-05-3103372646ns10:RegisteredOffice2023-06-012024-05-3103372646ns5:CurrentFinancialInstruments2024-05-3103372646ns5:CurrentFinancialInstruments2023-05-3103372646ns5:Non-currentFinancialInstruments2024-05-3103372646ns5:Non-currentFinancialInstruments2023-05-3103372646ns5:ShareCapital2024-05-3103372646ns5:ShareCapital2023-05-3103372646ns5:RetainedEarningsAccumulatedLosses2024-05-3103372646ns5:RetainedEarningsAccumulatedLosses2023-05-3103372646ns5:PlantMachinery2023-06-012024-05-3103372646ns5:MotorVehicles2023-06-012024-05-3103372646ns5:PlantMachinery2023-05-3103372646ns5:FurnitureFittings2023-05-3103372646ns5:MotorVehicles2023-05-3103372646ns5:FurnitureFittings2023-06-012024-05-3103372646ns5:PlantMachinery2024-05-3103372646ns5:FurnitureFittings2024-05-3103372646ns5:MotorVehicles2024-05-3103372646ns5:PlantMachinery2023-05-3103372646ns5:FurnitureFittings2023-05-3103372646ns5:MotorVehicles2023-05-3103372646ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3103372646ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3103372646ns5:Secured2024-05-3103372646ns5:Secured2023-05-31
REGISTERED NUMBER: 03372646 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

MARK WRIGHT MECHANICAL SERVICES LIMITED

MARK WRIGHT MECHANICAL SERVICES LIMITED (REGISTERED NUMBER: 03372646)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


MARK WRIGHT MECHANICAL SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: M Wright





REGISTERED OFFICE: Hamilton Office Park
31 High View Close
Leicester
Leicestershire
LE4 9LJ





REGISTERED NUMBER: 03372646 (England and Wales)





ACCOUNTANTS: TC Group
31 High View Close
Hamilton Office Park
Leicester
Leicestershire
LE4 9LJ

MARK WRIGHT MECHANICAL SERVICES LIMITED (REGISTERED NUMBER: 03372646)

STATEMENT OF FINANCIAL POSITION
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,023 9,368

CURRENT ASSETS
Stocks 2,417 6,429
Debtors 5 58,231 60,173
60,648 66,602
CREDITORS
Amounts falling due within one year 6 116,924 102,482
NET CURRENT LIABILITIES (56,276 ) (35,880 )
TOTAL ASSETS LESS CURRENT LIABILITIES (49,253 ) (26,512 )

CREDITORS
Amounts falling due after more than one
year

7

3,212

7,392
NET LIABILITIES (52,465 ) (33,904 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (52,565 ) (34,004 )
(52,465 ) (33,904 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 28 April 2025 and were signed by:



M Wright - Director


MARK WRIGHT MECHANICAL SERVICES LIMITED (REGISTERED NUMBER: 03372646)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Mark Wright 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 15% on cost
Motor vehicles - 25% 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.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Going concern
The financial statements have been prepared on a going concern basis. The director is of the opinion that the company will have access to sufficient funds to enable it to continue trading for at least one year from the date of signing the balance sheet.

MARK WRIGHT MECHANICAL SERVICES LIMITED (REGISTERED NUMBER: 03372646)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Office Motor
machinery equipment vehicles Totals
£    £    £    £   
COST
At 1 June 2023 6,645 1,382 27,195 35,222
Disposals - - (5,000 ) (5,000 )
At 31 May 2024 6,645 1,382 22,195 30,222
DEPRECIATION
At 1 June 2023 6,645 1,378 17,831 25,854
Charge for year - 4 2,341 2,345
Eliminated on disposal - - (5,000 ) (5,000 )
At 31 May 2024 6,645 1,382 15,172 23,199
NET BOOK VALUE
At 31 May 2024 - - 7,023 7,023
At 31 May 2023 - 4 9,364 9,368

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 58,231 60,173

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,728 11,019
Hire purchase contracts - 922
Trade creditors 9,126 30,051
Taxation and social security 7,902 771
Other creditors 88,168 59,719
116,924 102,482

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 3,212 7,392

MARK WRIGHT MECHANICAL SERVICES LIMITED (REGISTERED NUMBER: 03372646)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 8,975 7,607
Hire purchase contracts - 922
8,975 8,529

9. RELATED PARTY DISCLOSURES

Other creditors includes an amount loaned by the director of £85,166 (2023 - £57,188). This amount is loaned by the director interest free and is repayable upon demand.