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REGISTERED NUMBER: 02820419 (England and Wales)




































FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2025

FOR

MACHINE TOOL & ENGINEERING SERVICES LTD

MACHINE TOOL & ENGINEERING SERVICES LTD (REGISTERED NUMBER: 02820419)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MACHINE TOOL & ENGINEERING SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2025







DIRECTOR: S C Brooks



REGISTERED OFFICE: Unit 14
Quay Lane Industrial Estate
Quay Lane
Gosport
Hampshire
PO12 4LJ



REGISTERED NUMBER: 02820419 (England and Wales)



ACCOUNTANTS: Compass Accountants Limited
Chartered Accountants
Venture House
The Tanneries
East Street
Titchfield
Hampshire
PO14 4AR



BANKERS: Natwest Bank PLC
52 West Street
Fareham
Hampshire
PO16 0JX

MACHINE TOOL & ENGINEERING SERVICES LTD (REGISTERED NUMBER: 02820419)

BALANCE SHEET
31ST MAY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 68,590 66,782

CURRENT ASSETS
Inventories 5 8,000 5,000
Debtors 6 198,719 176,494
Cash at bank 302,161 467,436
508,880 648,930
CREDITORS
Amounts falling due within one year 7 76,176 161,858
NET CURRENT ASSETS 432,704 487,072
TOTAL ASSETS LESS CURRENT
LIABILITIES

501,294

553,854

PROVISIONS FOR LIABILITIES 17,150 16,696
NET ASSETS 484,144 537,158

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 483,944 536,958
SHAREHOLDERS' FUNDS 484,144 537,158

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 9th July 2025 and were signed by:





S C Brooks - Director


MACHINE TOOL & ENGINEERING SERVICES LTD (REGISTERED NUMBER: 02820419)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2025


1. COMPANY INFORMATION

Machine Tool & Engineering Services Limited is a private company limited by share capital and incorporated in England and Wales. The registered office is Unit 14 Quay Lane Industrial Estate, Gosport, Hampshire, PO12 4LJ.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 (Section 1a) "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounting policies as disclosed have been applied consistently throughout the current and preceding year.

The financial statements are presented in sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Revenue for the provision of services is recognised when it is probable that an economic benefit will flow to the entity and the revenue and associated costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured.

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 - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance and 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Inventories 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 Statement of Income and Retained Earnings, 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.

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.

MACHINE TOOL & ENGINEERING SERVICES LTD (REGISTERED NUMBER: 02820419)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2025


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 13 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st June 2024 56,929 67,309 143,202 2,542 269,982
Additions - 108 19,509 - 19,617
Disposals - - (7,250 ) - (7,250 )
At 31st May 2025 56,929 67,417 155,461 2,542 282,349
DEPRECIATION
At 1st June 2024 51,674 52,004 97,050 2,472 203,200
Charge for year 1,048 2,388 14,237 68 17,741
Eliminated on disposal - - (7,182 ) - (7,182 )
At 31st May 2025 52,722 54,392 104,105 2,540 213,759
NET BOOK VALUE
At 31st May 2025 4,207 13,025 51,356 2 68,590
At 31st May 2024 5,255 15,305 46,152 70 66,782


5. INVENTORIES
2025 2024
£    £   
Stocks 8,000 5,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 188,114 165,106
Other debtors 10,605 11,388
198,719 176,494

MACHINE TOOL & ENGINEERING SERVICES LTD (REGISTERED NUMBER: 02820419)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2025


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 10,805 8,824
Taxation and social security 61,041 130,016
Other creditors 4,330 23,018
76,176 161,858

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
200 Ordinary £1 200 200