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REGISTERED NUMBER: 07131073 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ELECTRICAL & MECHANICAL SOLUTIONS
LIMITED

ELECTRICAL & MECHANICAL SOLUTIONS
LIMITED (REGISTERED NUMBER: 07131073)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELECTRICAL & MECHANICAL SOLUTIONS
LIMITED

COMPANY INFORMATION
for the Year Ended 31 DECEMBER 2023







DIRECTOR: D M Matthews





REGISTERED OFFICE: 61 Queen Square
Bristol
BS1 4JZ





REGISTERED NUMBER: 07131073 (England and Wales)





ACCOUNTANTS: Burnside
Chartered Accountants
and Statutory Auditor
61 Queen Square
Bristol
BS1 4JZ

ELECTRICAL & MECHANICAL SOLUTIONS
LIMITED (REGISTERED NUMBER: 07131073)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,102 -
Investments 5 320,001 320,001
353,103 320,001

CURRENT ASSETS
Debtors 6 1,106,142 1,168,874
Cash at bank 7,509 -
1,113,651 1,168,874
CREDITORS
Amounts falling due within one year 7 531,413 297,069
NET CURRENT ASSETS 582,238 871,805
TOTAL ASSETS LESS CURRENT
LIABILITIES

935,341

1,191,806

CREDITORS
Amounts falling due after more than one
year

8

150,984

1,247,131
NET ASSETS/(LIABILITIES) 784,357 (55,325 )

ELECTRICAL & MECHANICAL SOLUTIONS
LIMITED (REGISTERED NUMBER: 07131073)

BALANCE SHEET - continued
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 12 1,000 1,000
Retained earnings 783,357 (56,325 )
SHAREHOLDERS' FUNDS 784,357 (55,325 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 December 2024 and were signed by:





D M Matthews - Director


ELECTRICAL & MECHANICAL SOLUTIONS
LIMITED (REGISTERED NUMBER: 07131073)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2023

1. STATUTORY INFORMATION

Electrical & Mechanical Solutions 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements contain information about Electrical & Mechanical Solutions Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover
Turnover represents the value of services provided during the year, net of value added tax.

In respect of contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

Financial instruments
Financial assets and liabilities are recognised in the balance sheet when the company becomes party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and are measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management.

ELECTRICAL & MECHANICAL SOLUTIONS
LIMITED (REGISTERED NUMBER: 07131073)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of any direct issue costs.

Interest bearing bank loans, overdrafts and other loans which meet the criteria of basic financial instruments are initially recorded at the present value of cash payable to the bank, usually being equivalent to the proceeds received net of direct issue costs. These liabilities are subsequently measured at amortised cost, using the effective interest rate method.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for employees. Contributions payable to the company's pension scheme are charged to the statement of comprehensive income as they become payable in accordance with the rules of the scheme. Differences between contributions payable in the year and those actually paid are shown as either accruals or prepayments in the balance sheet.

Investments
Fixed and current asset investments are stated at cost, less provisions for impairment.

ELECTRICAL & MECHANICAL SOLUTIONS
LIMITED (REGISTERED NUMBER: 07131073)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Going concern
The director considers that the company has sufficient working capital and facilities in place to meet all of its liabilities as they fall due for the foreseeable future, and has further indicated that he is willing to continue to provide financial support for the company to the extent that funds are required. The director therefore continues to adopt the going concern basis of accounting in preparing these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2023 3,072 29,380 32,452
Additions - 34,664 34,664
Disposals - (8,000 ) (8,000 )
At 31 December 2023 3,072 56,044 59,116
DEPRECIATION
At 1 January 2023 3,072 29,380 32,452
Charge for year - 1,562 1,562
Eliminated on disposal - (8,000 ) (8,000 )
At 31 December 2023 3,072 22,942 26,014
NET BOOK VALUE
At 31 December 2023 - 33,102 33,102
At 31 December 2022 - - -

5. FIXED ASSET INVESTMENTS

2023 2022
£    £   
Shares in group undertakings 1 1
Other loans 320,000 320,000
320,001 320,001

ELECTRICAL & MECHANICAL SOLUTIONS
LIMITED (REGISTERED NUMBER: 07131073)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2023

5. FIXED ASSET INVESTMENTS - continued

Additional information is as follows:
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 1
NET BOOK VALUE
At 31 December 2023 1
At 31 December 2022 1
Other
loans
£   
At 1 January 2023
and 31 December 2023 320,000

The company owns 100% of the entire issued share capital of St. Mary's Bay Developments Limited, a company registered in England and Wales

The capital and reserves of St. Mary's Bay Developments Limited at 31 October 2023 were a deficit of £9,724 (2022 - £9,225). The company made a loss for the year then ended of £499 (2022 - £2,293).

At 31 December 2023 the company had provided cumulative investment loans totalling £705,000 to unconnected companies. The company does not hold any equity interest in these companies. At 31 December 2023 the company has provided against the carrying value of the loans by £385,000 (2022 - £385,000), based on the director's assessment of the likely recoverability of the loans using information currently available.

ELECTRICAL & MECHANICAL SOLUTIONS
LIMITED (REGISTERED NUMBER: 07131073)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 12,253 722
Amounts owed by group undertakings 3,682 6,096
Other debtors 1,061,935 1,100,905
Directors' current accounts - 43,205
Corporation tax recoverable - 106
VAT 1,164 -
Deferred tax asset 3,599 -
Prepayments and accrued income 23,509 17,840
1,106,142 1,168,874

Deferred tax asset
2023 2022
£    £   
Accelerated capital allowances 3,555 -
Other timing differences 44 -
3,599 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 10,098 33,932
Hire purchase contracts 6,113 -
Trade creditors 20,026 4,798
Corporation tax 3,514 -
Social security and other taxes 2,968 2,477
VAT - 1,835
Other creditors 450,261 238,127
Directors' current accounts 13,583 -
Accruals and deferred income 24,850 15,900
531,413 297,069

Loans totalling £545,747 (2022 - £425,463) are included within other creditors and include £110,528 (2022 - £188 793) due after more than one year. These are due to The Damar Executive Pension Fund, of which the company is the principal employer, and are secured on the shares of the company. The loans carry interest at 3.75% above the Bank of England base rate and each is normally repayable in equal annual instalments over a 5 year term, though repayments were deferred during the pandemic.

ELECTRICAL & MECHANICAL SOLUTIONS
LIMITED (REGISTERED NUMBER: 07131073)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 9) 16,514 26,612
Hire purchase contracts 23,942 -
Other creditors 110,528 1,220,519
150,984 1,247,131

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 24,083
Bank loans 10,098 9,849
10,098 33,932

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,354 10,098

Amounts falling due between two and five years:
Bank loans - 2-5 years 6,160 16,514

ELECTRICAL & MECHANICAL SOLUTIONS
LIMITED (REGISTERED NUMBER: 07131073)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2023

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdraft - 24,083
Bank loans 26,612 36,461
Hire purchase contracts 30,055 -
Loans from pension fund 545,747 425,463
602,414 486,007

The bank loan and overdraft are secured by fixed and floating charges over the company's property and assets. Further details of the security given for pension fund loans are included in note 10 to the financial statements.

11. DEFERRED TAX

At 31 December 2023 the company had an unprovided deferred tax asset of £Nil (2022 - £3,112) in respect of Accelerated Capital Allowances, £Nil (2022 - £4,375) in respect of Tax Losses carried forward, and £Nil (2022 - £33) in respect of Other Short-term Timing Differences.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

ELECTRICAL & MECHANICAL SOLUTIONS
LIMITED (REGISTERED NUMBER: 07131073)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2023

13. RELATED PARTY DISCLOSURES

On 3 February 2012, the company became the principal employer for The Damar Executive Pension Fund, whose beneficiaries are the director, D M Matthews, and M P Matthews. The company received no loans (2022 -£Nil) from the Damar Executive Pension Fund during the year. Interest totalling £20,328 (2022 - £18,688) was incurred by the company on these loans during the year. At 31 December 2023 a balance of £545,747 remains outstanding (2022 - £425,463), which is included within Other creditors, of which £110,528 (2022 - £188,793) is due after more than one year.

At 31 December 2023 the company owed £Nil (2022 - £1,031,726) to Northavon Group Limited, a company related by common control and directorship. The company was released from the obligation to repay the remaining loan of £793,992 in the year, following a formal Deed of Release by Northavon Group Limited. No interest was charged on the loan during this or the previous year. Interest previously accrued by the company of £71,094 was released to the profit and loss account in the year. The company provided consultancy services to Northavon Group Limited, charging a total of £111,550 (2022 - £24,458) during the year. At the year end, Northavon Group Limited owed the company £11,520 (2022 - £Nil), which is carried within Trade debtors.

At 31 December 2023 the company was owed a total of £991,832 (2022 - £969,598) by Willpower South West Limited, a company related by common shareholding. No interest is charged on this balance, which is unsecured.

During the year ended 31 December 2023 various operational costs of the subsidiary company St Mary's Bay Developments Limited were paid by the company, totalling £421 (2022 - £2,743). At 31 December 2023 the company was owed £13,323 (2022 - £14,341) by St Mary's Bay Developments Limited. A provision of £9,641 has been made against this loan at 31 December 2023 (2022 - £8,245).

At 31 December 2023 the company owed D M Matthews, the director, £13,583 (2022: £43,205 owed to company).