REGISTERED NUMBER: 04416684 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

S.I. MECHANICAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S Iveson

SECRETARY:

P Iveson

REGISTERED OFFICE:

1 Darwin Court, Darwin Drive

Sherwood Energy Village

New Ollerton

Newark

Nottinghamshire

NG22 9FE

REGISTERED NUMBER:

04416684 (England and Wales)

ACCOUNTANTS:

Langham Carter

Darwin Court Darwin Drive

Sherwood Energy Village

New Ollerton

Newark

Nottinghamshire

NG22 9FE

FIXED ASSETS

-

Intangible assets

4

-

70,156

Tangible assets

5

67,272

70,156

67,272

CURRENT ASSETS

37,452

Stocks

34,792

120,801

Debtors

6

73,012

476,314

Cash at bank

627,507

634,567

735,311

CREDITORS

87,812

Amounts falling due within one year

7

104,904

546,755

NET CURRENT ASSETS

630,407

616,911

TOTAL ASSETS LESS CURRENT LIABILITIES

697,679

CAPITAL AND RESERVES

1

Called up share capital

1

616,910

Retained earnings

697,678

616,911

SHAREHOLDERS' FUNDS

697,679

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 November 2025 and were signed by:

S Iveson - Director

1.	STATUTORY INFORMATION

S.I. Mechanical Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stocks 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 Income Statement, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2024

and 28 February 2025

28,000

AMORTISATION

At 1 March 2024

and 28 February 2025

28,000

NET BOOK VALUE

At 28 February 2025

-

At 29 February 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

Totals

machinery

fittings

vehicles

equipment

£

£

£

£

£

COST

At 1 March 2024

170,122

102,405

24,610

40,290

2,817

Additions

10,156

2,766

-

7,390

-

At 28 February 2025

180,278

105,171

24,610

47,680

2,817

DEPRECIATION

At 1 March 2024

99,966

65,168

12,709

19,272

2,817

Charge for year

13,040

6,001

1,785

5,254

-

At 28 February 2025

113,006

71,169

14,494

24,526

2,817

NET BOOK VALUE

At 28 February 2025

67,272

34,002

10,116

23,154

-

At 29 February 2024

70,156

37,237

11,901

21,018

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

73,012

120,801

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade creditors

33,494

20,851

Tax

31,548

31,422

Social security and other taxes

35,968

31,077

Directors' current accounts

994

1,712

Accrued expenses

2,900

2,750

104,904

87,812