Machine Tool & Engineering Services Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 02820419 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2026

FOR

MACHINE TOOL AND ENGINEERING SERVICES

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

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

FIXED ASSETS

Property, plant and equipment

4

78,829

68,590

CURRENT ASSETS

Inventories

5

8,000

Debtors

6

159,203

198,719

Cash at bank

373,588

302,161

540,791

508,880

CREDITORS

Amounts falling due within one year

7

149,016

76,176

NET CURRENT ASSETS

391,775

432,704

TOTAL ASSETS LESS CURRENT
LIABILITIES

470,604

501,294

PROVISIONS FOR LIABILITIES

19,850

17,150

NET ASSETS

450,754

484,144

CAPITAL AND RESERVES

Called up share capital

8

200

Retained earnings

450,554

483,944

SHAREHOLDERS' FUNDS

450,754

484,144

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2026 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 2026 and were signed by:

S C Brooks - Director

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.

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 11 (2025 - 13 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1st June 2025

56,929

67,417

155,461

2,542

282,349

Additions

196

4,189

28,342

-

32,727

Disposals

-

(16,383

)

-

(16,383

)

At 31st May 2026

57,125

71,606

167,420

2,542

298,693

DEPRECIATION

At 1st June 2025

52,722

54,392

104,105

2,540

213,759

Charge for year

878

2,852

18,195

2

21,927

Eliminated on disposal

-

(15,822

)

-

(15,822

)

At 31st May 2026

53,600

57,244

106,478

2,542

219,864

NET BOOK VALUE

At 31st May 2026

3,525

14,362

60,942

-

78,829

At 31st May 2025

4,207

13,025

51,356

2

68,590

5.	INVENTORIES

2026

2025

£

Stocks

8,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

154,292

188,114

Other debtors

4,911

10,605

159,203

198,719

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade creditors

57,554

10,805

Taxation and social security

86,377

61,041

Other creditors

5,085

4,330

149,016

76,176

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

200

Ordinary

£1

200