General Information
Medway Controls Engineering Limited is a private company, limited by shares, registered in England and Wales, registration number 03344372, registration address Tudor Heights Tudor Farm, Stoke Road Upper Stoke, Rochester, Kent, ME3 9SF.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
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)
Change in accounting policy
Changes to the accounts layout and terminology have occurred due to a change in accounting software. The changes have no effect on the overall figures.Details of changes are as follows:
Directors Report and Accountants Report - Changes to wording to give greater clarity of responsibilities and work carried out.
Balance Sheet - Retained earnings is now referred to as profit and loss account.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using 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.
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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Fixtures and Fittings |
10% Straight Line
|
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet 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.
|
| 2. |
Average number of employees
Average number of employees during the year was 2 (2025 : 2).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Fixtures and Fittings |
|
Total |
| |
£ |
|
£ |
| At 01 May 2025 |
15,436 |
|
15,436 |
| Additions |
559 |
|
559 |
| Disposals |
- |
|
- |
| At 30 April 2026 |
15,995 |
|
15,995 |
| Depreciation |
| At 01 May 2025 |
14,019 |
|
14,019 |
| Charge for year |
483 |
|
483 |
| On disposals |
- |
|
- |
| At 30 April 2026 |
14,502 |
|
14,502 |
| Net book values |
| Closing balance as at 30 April 2026 |
1,493 |
|
1,493 |
| Opening balance as at 01 May 2025 |
1,417 |
|
1,417 |
|
| 4. |
Investments
| Cost |
Other investments other than loans |
|
Total |
| |
£ |
|
£ |
| At 01 May 2025 |
74,400 |
|
74,400 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 30 April 2026 |
74,400 |
|
74,400 |
Medway Controls Engineering Limited holds B Non-Voting Shares in Tudor Farm Estates, a company under common control via shared directorship and ownership. The asset is carried at its historic cost of £74,400. The directors have reviewed the valuation of these shares at the balance sheet date and consider that no permanent impairment is required for the year.
|
| 5. |
Debtors: amounts falling due within one year
|
2026
£ |
|
2025
£ |
| Trade Debtors |
27,081 |
|
27,282 |
| Other Debtors |
2,385 |
|
499 |
|
29,466 |
|
27,781 |
|
| 6. |
Creditors: amount falling due within one year
|
2026
£ |
|
2025
£ |
| Trade Creditors |
1,865 |
|
1,865 |
| Bank Loans & Overdrafts |
10,720 |
|
22,850 |
| Taxation and Social Security |
26,241 |
|
33,462 |
| Other Creditors |
13,569 |
|
5,361 |
|
52,395 |
|
63,538 |
|
| 7. |
Creditors: amount falling due after more than one year
|
2026
£ |
|
2025
£ |
| Bank Loans & Overdrafts |
11,217 |
|
22,391 |
|
11,217 |
|
22,391 |
|
| 8. |
Provisions for liabilities
|
2026
£ |
|
2025
£ |
| Deferred Tax |
354 |
|
359 |
| Charged to Profit & Loss |
19 |
|
(5) |
|
373 |
|
354 |
|
| 9. |
Share Capital
Allotted, called up and fully paid
|
2026
£ |
|
2025
£ |
|
2
Ordinary shares of £1.00 each |
2 |
|
2 |
|
2 |
|
2 |
|
| 10. |
Related parties
During the year the company entered into the following transactions with related parties: | Transaction value - income/(expenses) | | Balance owed by/(owed to) |
|---|
| 2026
£ | | 2025
£ | | 2026
£ | | 2025
£ |
|---|
| Steven John Hudson | 4,165 | | 1,850 | | (6,074) | | (1,909) | | Tracy Ann Hudson | 3,875 | | 1,750 | | (5,683) | | (1,808) |
The directors made short-term loans to the business in respect of trading expenses. All loans are interest-free, unsecured, and repayable on demand. During the year, dividends totaling £38,000 (2025: £82,000) were paid to the directors. |
| 11. |
Lease liabilities and commitments
At the balance sheet date, the company had total commitments under non-cancellable operating leases for
| Vehicle Leasing |
|
Current
£ |
|
Prior Year
£ |
| Maximum liability |
|
21,796 |
|
22,051 |
| Total repaid |
|
(4,352) |
|
(20,296) |
| Balance owed |
|
17,444 |
|
1,755 |
|
4
|