SPW MECHANICAL ENGINEERS LIMITED

SPW MECHANICAL ENGINEERS LIMITED

SPW MECHANICAL ENGINEERS LIMITED - Company Information

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SPW MECHANICAL ENGINEERS LIMITED

Company Registration Number:
06550422 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2022

Period of accounts

Start date: 01 October 2021

End date: 30 September 2022

SPW MECHANICAL ENGINEERS LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2022

Balance sheet
Notes

SPW MECHANICAL ENGINEERS LIMITED

Balance sheet

As at 30 September 2022


Notes
2022
2021


£
£
Fixed assets
Tangible assets: 3 28,414 33,512
Total fixed assets: 28,414 33,512
Current assets
Stocks: 17,320 3,392
Debtors:   142,803 100,754
Cash at bank and in hand: 9,402 3,497
Total current assets: 169,525 107,643
Creditors: amounts falling due within one year:   (152,494) (80,821)
Net current assets (liabilities): 17,031 26,822
Total assets less current liabilities: 45,445 60,334
Creditors: amounts falling due after more than one year:   (26,667) (36,667)
Provision for liabilities: (5,398) (6,367)
Total net assets (liabilities): 13,380 17,300
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 13,379 17,299
Shareholders funds: 13,380 17,300

The notes form part of these financial statements

SPW MECHANICAL ENGINEERS LIMITED

Balance sheet statements

For the year ending 30 September 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 03 April 2023
and signed on behalf of the board by:

Name: A J Stephen
Status: Director

The notes form part of these financial statements

SPW MECHANICAL ENGINEERS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT.Long-term and ongoing contracts: turnover represents the value of work done including estimates of amounts not yet invoiced and is recognised by reference to the stage of completion.

Tangible fixed assets and depreciation policy

Tangible fixed assets – DepreciationDepreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.Motor vehicles 20% Reducing balancePlant and machinery 15% Reducing balance

Other accounting policies

StocksStocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.Deferred taxationDeferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.Pension costsThe company operates a defined contribution pension scheme for employees. The annual contributions payable are charged to the profit and loss account.

SPW MECHANICAL ENGINEERS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2022

2. Employees

2022 2021
Average number of employees during the period 9 9

SPW MECHANICAL ENGINEERS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2022

3. Tangible Assets

Total
Cost £
At 01 October 2021 63,700
At 30 September 2022 63,700
Depreciation
At 01 October 2021 30,188
Charge for year 5,098
At 30 September 2022 35,286
Net book value
At 30 September 2022 28,414
At 30 September 2021 33,512

SPW MECHANICAL ENGINEERS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2022

4. Related party transactions

The ultimate controlling party during the period was B E GnylaAmount due to related party £20,000 (2021 Nil)The loan is secured by a debenture.