J.H. Mechanical Engineering Services Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08776131 (England and Wales)

Financial Statements

for the Year Ended 31 March 2020

for

J.H. MECHANICAL ENGINEERING SERVICES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J D Hill

SECRETARY:

REGISTERED OFFICE:

Unit 19b

The Wren Centre

Westbourne Road

Emsworth

Hampshire

PO10 7SU

REGISTERED NUMBER:

08776131 (England and Wales)

ACCOUNTANTS:

Loveless & Co Accountants Ltd

Unit 19b

The Wren Centre

Westbourne Road

Emsworth

Hampshire

PO10 7SU

FIXED ASSETS

Intangible assets

4

4,000

5,000

Tangible assets

5

13,772

11,418

17,772

16,418

CURRENT ASSETS

Debtors

6

1,350

-

Cash at bank

11,972

6,907

13,322

6,907

CREDITORS

Amounts falling due within one year

7

13,598

11,366

NET CURRENT LIABILITIES

(276

)

(4,459

)

TOTAL ASSETS LESS CURRENT LIABILITIES

17,496

11,959

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

17,494

11,957

SHAREHOLDERS' FUNDS

17,496

11,959

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 31 March 2021 and were signed by:

J D Hill - Director

1.	STATUTORY INFORMATION

J.H. Mechanical Engineering Services Ltd 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 0, is being amortised evenly over its estimated useful life of nil 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 etc

-

25% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2019

and 31 March 2020

10,000

AMORTISATION

At 1 April 2019

5,000

Charge for year

1,000

At 31 March 2020

6,000

NET BOOK VALUE

At 31 March 2020

4,000

At 31 March 2019

5,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

29,005

Additions

6,950

At 31 March 2020

35,955

DEPRECIATION

At 1 April 2019

17,587

Charge for year

4,596

At 31 March 2020

22,183

NET BOOK VALUE

At 31 March 2020

13,772

At 31 March 2019

11,418

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

1,350

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Taxation and social security

12,631

10,359

Other creditors

967

1,007

13,598

11,366

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J D Hill.