Registered number
09618947
EGAS MECHANICAL LIMITED
Filleted Accounts
31 March 2025
EGAS MECHANICAL LIMITED
Registered number: 09618947
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 41,387 63,671
Current assets
Stocks 6,500 5,000
Debtors 4 13,005 16,750
Cash at bank and in hand 230,647 178,607
250,152 200,357
Creditors: amounts falling due within one year 5 (95,604) (59,589)
Net current assets 154,548 140,768
Total assets less current liabilities 195,935 204,439
Creditors: amounts falling due after more than one year 6 - (32,213)
Provisions for liabilities (7,863) (12,097)
Net assets 188,072 160,129
Capital and reserves
Called up share capital 100 100
Profit and loss account 187,972 160,029
Shareholder's funds 188,072 160,129
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.
Mr Matthew Sage
Director
Approved by the board on 1 August 2025
EGAS MECHANICAL LIMITED
Notes to the Accounts
for the year ended 31 March 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:
Plant and machinery 15% reducing balance
Motor vehicles 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company, including the director. 2 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2024 7,052 79,715 86,767
Disposals - (29,596) (29,596)
At 31 March 2025 7,052 50,119 57,171
Depreciation
At 1 April 2024 4,645 18,451 23,096
Charge for the year 387 8,024 8,411
On disposals - (15,723) (15,723)
At 31 March 2025 5,032 10,752 15,784
Net book value
At 31 March 2025 2,020 39,367 41,387
At 31 March 2024 2,407 61,264 63,671
4 Debtors 2025 2024
£ £
Trade debtors 11,085 14,574
Other debtors 1,920 2,176
13,005 16,750
5 Creditors: amounts falling due within one year 2025 2024
£ £
Obligations under finance lease and hire purchase contracts - 7,864
Trade creditors 39,387 16,272
Taxation and social security costs 54,279 33,109
Other creditors 1,938 2,344
95,604 59,589
6 Creditors: amounts falling due after one year 2025 2024
£ £
Obligations under finance lease and hire purchase contracts - 32,213
7 Contingent liabilities
The director is making repayments and will continue to make repayments on a hire purchase agreement between EGAS Mechanical Ltd and Aldermore Bank PLC.
EGAS Mechanical Ltd has liability for any remaining balance not met by the director. The balance at 31st March 2025 is £120,171.46
8 Other information
EGAS MECHANICAL LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
3 Blue Barns Business Park
Old Ipswich Road, Ardleigh
Colchester
Essex
CO7 7FX
EGAS MECHANICAL LIMITED 09618947 false 2024-04-01 2025-03-31 2025-03-31 VT Final Accounts April 2025 Mr Matthew Sage No description of principal activity 09618947 2023-04-01 2024-03-31 09618947 core:WithinOneYear 2024-03-31 09618947 core:AfterOneYear 2024-03-31 09618947 core:ShareCapital 2024-03-31 09618947 core:RetainedEarningsAccumulatedLosses 2024-03-31 09618947 2024-04-01 2025-03-31 09618947 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09618947 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 09618947 bus:Director40 2024-04-01 2025-03-31 09618947 1 2024-04-01 2025-03-31 09618947 2 2024-04-01 2025-03-31 09618947 core:PlantMachinery 2024-04-01 2025-03-31 09618947 core:Vehicles 2024-04-01 2025-03-31 09618947 countries:England 2024-04-01 2025-03-31 09618947 bus:FRS102 2024-04-01 2025-03-31 09618947 bus:FilletedAccounts 2024-04-01 2025-03-31 09618947 2025-03-31 09618947 core:WithinOneYear 2025-03-31 09618947 core:AfterOneYear 2025-03-31 09618947 core:ShareCapital 2025-03-31 09618947 core:RetainedEarningsAccumulatedLosses 2025-03-31 09618947 core:PlantMachinery 2025-03-31 09618947 core:Vehicles 2025-03-31 09618947 2024-03-31 09618947 core:PlantMachinery 2024-03-31 09618947 core:Vehicles 2024-03-31 iso4217:GBP xbrli:pure