| Absolute Mechanical Ltd |
| Registered number: |
06444920 |
| Balance Sheet |
| as at 31 December 2024 |
|
| Notes |
|
|
2024 |
|
|
2023 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
12,533 |
|
|
15,041 |
|
| Current assets |
| Stocks |
|
|
1,500 |
|
|
1,500 |
| Debtors |
4 |
|
16,828 |
|
|
18,592 |
| Cash at bank and in hand |
|
|
173,622 |
|
|
200,331 |
|
|
|
191,950 |
|
|
220,423 |
|
| Creditors: amounts falling due within one year |
5 |
|
(41,336) |
|
|
(31,718) |
|
| Net current assets |
|
|
|
150,614 |
|
|
188,705 |
|
| Total assets less current liabilities |
|
|
|
163,147 |
|
|
203,746 |
|
|
| Provisions for liabilities |
|
|
|
(2,381) |
|
|
(2,007) |
|
|
| Net assets |
|
|
|
160,766 |
|
|
201,739 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
101 |
|
|
101 |
| Profit and loss account |
|
|
|
160,665 |
|
|
201,638 |
|
| Shareholders' funds |
|
|
|
160,766 |
|
|
201,739 |
|
|
|
|
|
|
|
|
| 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. |
|
|
|
|
| John David Hayday |
| Director |
| Approved by the board on 24 September 2025 |
|
| Absolute Mechanical Ltd |
| Notes to the Accounts |
| for the year ended 31 December 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 recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer. |
|
|
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: |
|
|
Leasehold improvements |
20% reducing balance |
|
Plant, machinery & office equipment |
20% reducing balance |
|
Motor vehicles |
25% reducing balance |
|
|
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. |
|
|
Taxation |
|
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the balance sheet date. |
|
|
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. |
|
|
| 2 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
Leasehold improve-ments |
|
Plant, machinery & office equipment |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
£ |
|
Cost |
|
At 1 January 2024 |
8,750 |
|
29,141 |
|
41,358 |
|
79,249 |
|
Additions |
- |
|
6,508 |
|
- |
|
6,508 |
|
Disposals |
- |
|
- |
|
(25,392) |
|
(25,392) |
|
At 31 December 2024 |
8,750 |
|
35,649 |
|
15,966 |
|
60,365 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2024 |
5,883 |
|
25,452 |
|
32,873 |
|
64,208 |
|
Charge for the year |
573 |
|
1,803 |
|
615 |
|
2,991 |
|
On disposals |
- |
|
- |
|
(19,367) |
|
(19,367) |
|
At 31 December 2024 |
6,456 |
|
27,255 |
|
14,121 |
|
47,832 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2024 |
2,294 |
|
8,394 |
|
1,845 |
|
12,533 |
|
At 31 December 2023 |
2,867 |
|
3,689 |
|
8,485 |
|
15,041 |
|
|
| 4 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade debtors |
13,068 |
|
13,996 |
|
S455 tax |
|
|
|
|
1,652 |
|
1,652 |
|
Prepayments and other debtors |
2,108 |
|
2,944 |
|
|
|
|
|
|
16,828 |
|
18,592 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade creditors |
6,563 |
|
4,417 |
|
Taxation and social security costs |
497 |
|
5,370 |
|
Amounts owed to a director |
24,176 |
|
10,926 |
|
Accruals |
10,100 |
|
10,550 |
|
Other creditors |
- |
|
455 |
|
|
|
|
|
|
41,336 |
|
31,718 |
|
|
|
|
|
|
|
|
|
| 6 |
Other information |
|
|
Absolute Mechanical Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
Pear Tree Farm |
|
The Street |
|
Weybread, Diss |
|
Norfolk |
|
IP21 5TH |