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REGISTERED NUMBER: 11253226 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Electromec Engineering Ltd

Electromec Engineering Ltd (Registered number: 11253226)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Electromec Engineering Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr Dominic Boyle
Mr Paul Baxendale





REGISTERED OFFICE: 261 Brook Street
Birkenhead
Wirral
Merseyside
CH41 3PH





REGISTERED NUMBER: 11253226 (England and Wales)





ACCOUNTANTS: LJS Accounting Services (UK) Ltd
Unit 5, 1st Floor
Connect Business Village
24 Derby Road
Liverpool
Merseyside
L5 9PR

Electromec Engineering Ltd (Registered number: 11253226)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,988 9,750

CURRENT ASSETS
Debtors 5 411,659 283,928
Cash at bank 165,605 185,847
577,264 469,775
CREDITORS
Amounts falling due within one year 6 453,613 362,804
NET CURRENT ASSETS 123,651 106,971
TOTAL ASSETS LESS CURRENT
LIABILITIES

148,639

116,721

CREDITORS
Amounts falling due after more than one
year

7

(22,782

)

(32,615

)

PROVISIONS FOR LIABILITIES 8 (1,647 ) (2,233 )
NET ASSETS 124,210 81,873

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 124,110 81,773
SHAREHOLDERS' FUNDS 124,210 81,873

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Electromec Engineering Ltd (Registered number: 11253226)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 3 December 2024 and were signed on its behalf by:





Mr Paul Baxendale - Director


Electromec Engineering Ltd (Registered number: 11253226)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Electromec Engineering 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 33% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

Electromec Engineering Ltd (Registered number: 11253226)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 15,250 3,217 14,000 394 32,861
Additions - - 20,677 3,266 23,943
At 31 March 2024 15,250 3,217 34,677 3,660 56,804
DEPRECIATION
At 1 April 2023 15,250 2,842 4,625 394 23,111
Charge for year - 375 7,513 817 8,705
At 31 March 2024 15,250 3,217 12,138 1,211 31,816
NET BOOK VALUE
At 31 March 2024 - - 22,539 2,449 24,988
At 31 March 2023 - 375 9,375 - 9,750

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 207,224 107,475
Other debtors 204,435 161,435
VAT - 15,018
411,659 283,928

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 85,955 118,373
Trade creditors 136,735 13,696
Tax 20,814 12,652
Social security and other taxes (518 ) 2,493
VAT 19,770 -
Other creditors 872 682
Directors' current accounts 134,504 120,908
Accruals and deferred income 54,024 93,092
Accrued expenses 1,457 908
453,613 362,804

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 2-5 years 22,782 32,615

Electromec Engineering Ltd (Registered number: 11253226)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 1,647 2,233

Deferred
tax
£   
Balance at 1 April 2023 2,233
Provided during year (586 )
Charge for year
Balance at 31 March 2024 1,647

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary 1 100 100

10. RESERVES
Retained
earnings
£   

At 1 April 2023 81,773
Profit for the year 79,967
Dividends (37,630 )
At 31 March 2024 124,110