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

COMPANY REGISTRATION NUMBER: SC057247

Cinmech Services Limited

Filleted Unaudited Financial Statements

For the year ended

31 May 2025

Cinmech Services Limited

Statement of Financial Position

31 May 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	397	529

Current assets

Stocks		128,009	120,709
Debtors	6	89,855	131,787
Cash at bank and in hand		385	4,783
		---------	---------
		218,249	257,279

Creditors: amounts falling due within one year	7	170,837	213,521
		---------	---------
Net current assets		47,412	43,758
		--------	--------
Total assets less current liabilities		47,809	44,287

Creditors: amounts falling due after more than one year	8	5,615	16,222
		--------	--------
Net assets		42,194	28,065
		--------	--------

Capital and reserves

Called up share capital	16,000	16,000
Profit and loss account	26,194	12,065
	--------	--------
Shareholders funds	42,194	28,065
	--------	--------

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 income and retained earnings has not been delivered.

For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Cinmech Services Limited

Statement of Financial Position (continued)

31 May 2025

These financial statements were approved by the board of directors and authorised for issue on 26 May 2026 , and are signed on behalf of the board by:

C. McEwan

Director

Company registration number: SC057247

Cinmech Services Limited

Notes to the Financial Statements

Year ended 31 May 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is 8C Colvilles Place, Kelvin Industrial Estate, East Kilbride, Glasgow, G75 0PZ.

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 and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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:

Fixture & Fittings	-	25% reducing balance
Motor Vehicle	-	20% straight line
Equipment	-	33% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

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.

Defined contribution plans

Contributions to defined contribution plans 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.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).

5. Tangible assets

	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 June 2024 and 31 May 2025	96,084	73,473	9,506	179,063
	--------	--------	-------	---------
Depreciation
At 1 June 2024	95,555	73,473	9,506	178,534
Charge for the year	132	–	–	132
	--------	--------	-------	---------
At 31 May 2025	95,687	73,473	9,506	178,666
	--------	--------	-------	---------
Carrying amount
At 31 May 2025	397	–	–	397
	--------	--------	-------	---------
At 31 May 2024	529	–	–	529
	--------	--------	-------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	82,880	121,402
Other debtors	6,975	10,385
	--------	---------
	89,855	131,787
	--------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	30,892	10,000
Trade creditors	29,199	67,901
Corporation tax	352	352
Social security and other taxes	104,714	101,095
Other creditors	5,680	34,173
	---------	---------
	170,837	213,521
	---------	---------

The bank holds a floating charge over the company's assets.

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

	2025	2024
	£	£
Bank loans and overdrafts	5,615	16,222
	-------	--------

9. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Amounts repaid	Balance outstanding
	£	£	£
C. McEwan	( 17,515)	17,515	–
	--------	--------	----

	2024
	Balance brought forward	Amounts repaid	Balance outstanding
	£	£	£
C. McEwan	( 30,188)	12,673	( 17,515)
	--------	--------	--------

10. Related party transactions

No transactions with related parties were entered into during the year that are required to be disclosed under the terms of FRS 102 Section 1A .