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REGISTERED NUMBER: 05649295 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MECHANICAL & ELECTRICAL SERVICES
(SPECIAL PROJECTS) LIMITED

MECHANICAL & ELECTRICAL SERVICES
(SPECIAL PROJECTS) LIMITED (REGISTERED NUMBER: 05649295)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

MECHANICAL & ELECTRICAL SERVICES
(SPECIAL PROJECTS) LIMITED

COMPANY INFORMATION
for the year ended 31 December 2024







DIRECTORS: C J Baker
K Simpson
C D Baker
S J Cokell
D Sayer





SECRETARY: K Simpson





REGISTERED OFFICE: Linden House
Linden Close
Tunbridge Wells
Kent
TN4 8HH





REGISTERED NUMBER: 05649295 (England and Wales)





ACCOUNTANTS: BSR Bespoke Chartered Accountants
Linden House
Linden Close
Tunbridge Wells
Kent
TN4 8HH

MECHANICAL & ELECTRICAL SERVICES
(SPECIAL PROJECTS) LIMITED (REGISTERED NUMBER: 05649295)

BALANCE SHEET
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 59,179 43,027

CURRENT ASSETS
Debtors 5 480,694 658,308
Cash at bank 1,896,249 750,321
2,376,943 1,408,629
CREDITORS
Amounts falling due within one year 6 1,543,228 956,458
NET CURRENT ASSETS 833,715 452,171
TOTAL ASSETS LESS CURRENT
LIABILITIES

892,894

495,198

PROVISIONS FOR LIABILITIES 14,795 10,757
NET ASSETS 878,099 484,441

CAPITAL AND RESERVES
Called up share capital 90 90
Share premium 14,990 14,990
Capital redemption reserve 10 10
Retained earnings 863,009 469,351
SHAREHOLDERS' FUNDS 878,099 484,441

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

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

MECHANICAL & ELECTRICAL SERVICES
(SPECIAL PROJECTS) LIMITED (REGISTERED NUMBER: 05649295)

BALANCE SHEET - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 June 2025 and were signed on its behalf by:





C J Baker - Director


MECHANICAL & ELECTRICAL SERVICES
(SPECIAL PROJECTS) LIMITED (REGISTERED NUMBER: 05649295)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024


1. STATUTORY INFORMATION

Mechanical & Electrical Services (Special Projects) 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.

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


The principal place of business:
Maple House
4 Radford Way
Billericay
Essex
CM12 0DX

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 recognised when it is probable that future economic benefits will flow to the company from the provision of contracts and is measured as the fair value of consideration which the company expects to receive from those transactions. Where the normal criteria for the recognition of turnover are not met or are varied, then turnover is recognised at the point when control has passed to the customer which could be when legal title has passed to the customer or when the business has a right to payment such as on completion of work or when cash payment has been made to the company.

When the outcome of a contract can be estimated reliably, contract turnover and associated expenditure are recognised by reference to the stage of completion of the contract at the reporting date.

When the outcome of a contract cannot be estimated reliably, contract turnover shall only be recognised to the extent of the amount of associated expenditure incurred and it is probable that the contract turnover will be recoverable.

Provision will be made for all losses arising from a contract where it is probable that current and future contract expenditure exceeds contract turnover.

Turnover is recognised net of returns and of trade discounts and is shown exclusive of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost and 20% on cost
Motor vehicles - 25% on cost

MECHANICAL & ELECTRICAL SERVICES
(SPECIAL PROJECTS) LIMITED (REGISTERED NUMBER: 05649295)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company enters into basic financial instruments that give rise to financial assets and financial liabilities including trade and other debtors, trade and other creditors, bank account balances, bank loans and other loans and borrowings and investments in certain non puttable and non convertible equity instruments.

Debt instruments which are not payable or receivable within one year are initially accounted for at the transaction price and are subsequently accounted for at amortised cost using the effective interest method. Debt instruments payable and receivable within one year are measured at their undiscounted cash amounts. Where the debt instruments are treated as a financing transaction, then the financial asset or liability is measured at the present value of future cash flows based on a market rate of interest. Debt instruments which are treated as financial assets and accounted for at amortised cost are also assessed for impairment.

Equity instruments are initially accounted for at transaction price. They are subsequently accounted for at cost unless they can be accounted for at fair value based on a readily available market price or fair value. Equity instruments which are treated as financial assets and accounted for at cost are also assessed for impairment.

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 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.

Hire purchase and leasing commitments
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 17 (2023 - 14 ) .

MECHANICAL & ELECTRICAL SERVICES
(SPECIAL PROJECTS) LIMITED (REGISTERED NUMBER: 05649295)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2024 25,084 73,810 98,894
Additions 1,977 39,500 41,477
Disposals (5,023 ) - (5,023 )
At 31 December 2024 22,038 113,310 135,348
DEPRECIATION
At 1 January 2024 21,102 34,765 55,867
Charge for year 2,326 22,890 25,216
Eliminated on disposal (4,914 ) - (4,914 )
At 31 December 2024 18,514 57,655 76,169
NET BOOK VALUE
At 31 December 2024 3,524 55,655 59,179
At 31 December 2023 3,982 39,045 43,027

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 357,999 588,933
Other debtors 154 -
Directors' loan accounts 41,010 12,999
VAT 59,595 41,331
Prepayments 21,936 15,045
480,694 658,308

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 187,589 300,696
Tax 292,671 110,954
Social security and other taxes 15,596 16,937
Other creditors 34,945 801
Directors' loan accounts 1 1
Accruals and deferred income 1,012,426 527,069
1,543,228 956,458

7. OTHER FINANCIAL COMMITMENTS

The company had financial commitments contracted but not provided for in the financial statements totalling £30,436 (2023: £14,673).

MECHANICAL & ELECTRICAL SERVICES
(SPECIAL PROJECTS) LIMITED (REGISTERED NUMBER: 05649295)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
K Simpson
Balance outstanding at start of year 3,000 -
Amounts advanced 47,978 3,000
Amounts repaid (9,968 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 41,010 3,000

C D Baker
Balance outstanding at start of year 9,999 -
Amounts advanced - 15,999
Amounts repaid (9,999 ) (6,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 9,999

All loans are repayable within 9 months of the balance sheet date. Interest is charged by the company on all loans in excess of £10,000 at the official rate.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MECHANICAL & ELECTRICAL SERVICES
(SPECIAL PROJECTS) LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mechanical & Electrical Services (Special Projects) Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Mechanical & Electrical Services (Special Projects) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mechanical & Electrical Services (Special Projects) Limited and state those matters that we have agreed to state to the Board of Directors of Mechanical & Electrical Services (Special Projects) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mechanical & Electrical Services (Special Projects) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Mechanical & Electrical Services (Special Projects) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mechanical & Electrical Services (Special Projects) Limited. You consider that Mechanical & Electrical Services (Special Projects) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Mechanical & Electrical Services (Special Projects) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






BSR Bespoke Chartered Accountants
Linden House
Linden Close
Tunbridge Wells
Kent
TN4 8HH


16 June 2025