Registered number
06700714
Fully Equipped Mechanical Ltd
Filleted Accounts
30 September 2024
Fully Equipped Mechanical Ltd
Registered number: 06700714
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 610 763
610 763
Current assets
Stocks 1,200 1,250
Debtors 4 34,324 29,008
Cash at bank and in hand 760 4,339
36,284 34,597
Creditors: amounts falling due within one year 5 (20,487) (32,291)
Net current assets 15,797 2,306
Total assets less current liabilities 16,407 3,069
Creditors: amounts falling due after more than one year 6 (8,115) (12,115)
Net assets/(liabilities) 8,292 (9,046)
Capital and reserves
Called up share capital 100 100
Profit and loss account 8,192 (9,146)
Shareholders' funds 8,292 (9,046)
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 members have 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.
Mick Thompson
Director
Approved by the board on 28 May 2025
Fully Equipped Mechanical Ltd
Notes to the Accounts
for the year ended 30 September 2024
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 rendering of services. 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:
Plant and machinery 20% Reducing Balance method
Fixtures, fittings, tools and equipment 20% Reducing Balance method
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. Unrelieved tax losses are recognised only to the extent that it is probable that they will be recovered against other future taxable profits. Current tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Total
Cost £ £
At 1 October 2023 13,093 13,093
At 30 September 2024 13,093 13,093
Depreciation
At 1 October 2023 12,330 12,330
Charge for the year 153 153
At 30 September 2024 12,483 12,483
Net book value
At 30 September 2024 610 610
At 30 September 2023 763 763
4 Debtors 2024 2023
£ £
Trade debtors 2,767 -
Prepayments 979 1,967
Other debtors 30,578 27,041
34,324 29,008
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 9,754 5,210
Taxation and social security costs 9,377 5,671
Other creditors 1,356 21,410
20,487 32,291
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 8,115 12,115
8,115 12,115
7 Other information
Fully Equipped Mechanical Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Riverside Suite
50a Clifford Way
Maidstone
Kent
ME16 8GD
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