NCC Mechanical Services Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02982920

NCC Mechanical Services Limited

Filleted Unaudited Financial Statements

28 February 2025

NCC Mechanical Services Limited

Financial Statements

Year ended 28 February 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

NCC Mechanical Services Limited

Statement of Financial Position

28 February 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5	338,007	384,266
Investments	6	24,250	24,250
		---------	---------
		362,257	408,516

Current assets

Stocks		3,000	3,000
Debtors	7	1,062,373	2,629,899
Cash at bank and in hand		2,322,776	1,927,016
		------------	------------
		3,388,149	4,559,915

Creditors: amounts falling due within one year	8	716,428		1,206,027
		------------		------------
Net current assets			2,671,721		3,353,888
			------------		------------
Total assets less current liabilities			3,033,978		3,762,404

Creditors: amounts falling due after more than one year	9	77,025	123,573
		------------	------------
Net assets		2,956,953	3,638,831
		------------	------------

Capital and reserves

Called up share capital	10	100	100
Profit and loss account		2,956,853	3,638,731
		------------	------------
Shareholders funds		2,956,953	3,638,831
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

NCC Mechanical Services Limited

Statement of Financial Position (continued)

28 February 2025

These financial statements were approved by the board of directors and authorised for issue on 19 September 2025 , and are signed on behalf of the board by:

N C Cheshire
Director

Company registration number: 02982920

NCC Mechanical Services Limited

Notes to the Financial Statements

Year ended 28 February 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 15 Springfield Lyons Approach, Chelmsford, Essex, CM2 5LB.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss.

Work in progress and long term contracts

Turnover attributable to each contract is assessed on the basis of the stage of completion of each individual contract. Where the recorded turnover is in excess of payments on account made to date, this excess is shown under debtors as 'amounts recoverable on contracts'. Where payments on account exceed recorded turnover, the excess is shown under creditors. Provision is made for any foreseeable losses at the balance sheet date.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Defined contribution plans

The company makes contributions to several defined contribution plans which are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and Machinery	-	15% - 33% reducing balance
Motor Vehicles	-	25% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Stocks

Stocks of raw materials are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 33 (2024: 36 ).

5. Tangible assets

	Plant and machinery	Motor vehicles	Total
	£	£	£
Cost
At 1 March 2024	153,141	508,462	661,603
Additions	8,119	20,500	28,619
Disposals	( 44,639)	( 41,297)	( 85,936)
	---------	---------	---------
At 28 February 2025	116,621	487,665	604,286
	---------	---------	---------
Depreciation
At 1 March 2024	102,479	174,858	277,337
Charge for the year	11,361	51,393	62,754
Disposals	( 38,926)	( 34,886)	( 73,812)
	---------	---------	---------
At 28 February 2025	74,914	191,365	266,279
	---------	---------	---------
Carrying amount
At 28 February 2025	41,707	296,300	338,007
	---------	---------	---------
At 29 February 2024	50,662	333,604	384,266
	---------	---------	---------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Motor vehicles
	£
At 28 February 2025	175,163
	---------
At 29 February 2024	206,074
	---------

6. Investments

	Shares in group undertakings	Investments	Total
	£	£	£
Cost
At 1 March 2024 and 28 February 2025	100	88,132	88,232
	----	--------	--------
Impairment
At 1 March 2024 and 28 February 2025	–	63,982	63,982
	----	--------	--------

Carrying amount
At 28 February 2025	100	24,150	24,250
	----	--------	--------
At 29 February 2024	100	24,150	24,250
	----	--------	--------

The company holds 100% of the share capital of the following companies, registered in England and Wales. 146 New London Road, Chelmsford, Essex, CM2 0AW.

Elmstead Energy Assessments & Building Services Limited

7. Debtors

	2025	2024
	£	£
Trade debtors	110,035	269,598
Amounts owed by group undertakings	8,577	–
Prepayments and accrued income	41,327	30,959
Amounts recoverable on contracts	626,422	1,366,405
Directors loan account	–	715,546
Other debtors	276,012	247,391
	------------	------------
	1,062,373	2,629,899
	------------	------------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	421,813	908,175
Amounts owed to group undertakings	–	8,029
Accruals and deferred income	9,032	8,695
Corporation tax	199,351	195,695
Social security and other taxes	9,075	10,283
Obligations under finance leases and hire purchase contracts	46,548	46,548
Other taxes and social security	30,609	28,602
	---------	------------
	716,428	1,206,027
	---------	------------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Obligations under finance leases and hire purchase contracts	77,025	123,573
	--------	---------

The loan is secured by a fixed and floating charge.

10. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

11. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	40,000	40,000
	--------	--------

12. Director's advances, credits and guarantees

At the year end the directors owed the company £Nil (2024: £715,546) which is shown amongst debtors. Interest of £Nil (2024: £14,247) was charged on this loan.

13. Related party transactions

The company has taken advantage of the exemption granted under FRS 102 section 33.1A not to disclose transactions with group companies that are wholly owned. During the year, net costs of £40,876 (2024: £40,820) were paid to a related party for rent and service charges.