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REGISTERED NUMBER: 12205676 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 30 September 2023

for

ELECTROMECH RS LTD

ELECTROMECH RS LTD (REGISTERED NUMBER: 12205676)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELECTROMECH RS LTD

Company Information
for the Year Ended 30 September 2023







DIRECTOR: Rajinder Singh Bhogal





REGISTERED OFFICE: 93 Leopold Street
Birmingham
B12 0UD





REGISTERED NUMBER: 12205676 (England and Wales)





ACCOUNTANTS: Brindleys Limited
2 Wheeleys Road
Edgbaston
Birmingham
West Midlands
B15 2LD

ELECTROMECH RS LTD (REGISTERED NUMBER: 12205676)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 304,557 212,571

CURRENT ASSETS
Stocks 184,192 85,638
Debtors 5 1,589,386 680,697
Cash at bank and in hand 614,657 85,504
2,388,235 851,839
CREDITORS
Amounts falling due within one year 6 974,173 498,119
NET CURRENT ASSETS 1,414,062 353,720
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,718,619

566,291

CREDITORS
Amounts falling due after more than one year 7 (94,279 ) (99,008 )

PROVISIONS FOR LIABILITIES 8 (35,464 ) (25,464 )
NET ASSETS 1,588,876 441,819

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 1,588,776 441,719
SHAREHOLDERS' FUNDS 1,588,876 441,819

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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.

ELECTROMECH RS LTD (REGISTERED NUMBER: 12205676)

Balance Sheet - continued
30 September 2023


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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 November 2023 and were signed by:





Rajinder Singh Bhogal - Director


ELECTROMECH RS LTD (REGISTERED NUMBER: 12205676)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

ELECTROMECH RS 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.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery -25% reducing balance
Fixtures and fittings -25% reducing balance
Motor vehicles -25% reducing balance
Computer equipment-25% reducing balance

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.

ELECTROMECH RS LTD (REGISTERED NUMBER: 12205676)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

2. ACCOUNTING POLICIES - continued

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.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2022 - 25 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2022 171,065 22,297 115,644 8,105 317,111
Additions 45,458 6,138 138,581 3,330 193,507
At 30 September 2023 216,523 28,435 254,225 11,435 510,618
DEPRECIATION
At 1 October 2022 65,247 5,804 31,183 2,306 104,540
Charge for year 37,819 5,658 55,761 2,283 101,521
At 30 September 2023 103,066 11,462 86,944 4,589 206,061
NET BOOK VALUE
At 30 September 2023 113,457 16,973 167,281 6,846 304,557
At 30 September 2022 105,818 16,493 84,461 5,799 212,571

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 752,309 463,206
Other debtors 818,588 215,500
Prepayments 18,489 1,991
1,589,386 680,697

ELECTROMECH RS LTD (REGISTERED NUMBER: 12205676)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 10,528
Hire purchase contracts 41,601 21,767
Trade creditors 206,171 122,308
Corporation tax 351,244 74,624
Social security and other taxes 16,957 35,838
VAT 221,566 161,419
Other creditors 1,670 1,661
Directors' current accounts 99,910 57,699
Accrued expenses 35,054 12,275
974,173 498,119

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years - 9,640
Bank loans - 2-5 years - 21,340
Hire purchase contracts 94,279 68,028
94,279 99,008

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 35,464 25,464

Deferred
tax
£   
Balance at 1 October 2022 25,464
Provided during year 10,000
Balance at 30 September 2023 35,464

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100