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REGISTERED NUMBER: 12205676 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

ELECTROMECH RS LTD

ELECTROMECH RS LTD (REGISTERED NUMBER: 12205676)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELECTROMECH RS LTD

Company Information
for the Year Ended 30 September 2024







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 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 594,787 304,557

CURRENT ASSETS
Stocks 278,042 184,192
Debtors 5 3,759,019 1,589,386
Cash at bank and in hand 1,639,490 614,657
5,676,551 2,388,235
CREDITORS
Amounts falling due within one year 6 1,819,424 974,173
NET CURRENT ASSETS 3,857,127 1,414,062
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,451,914

1,718,619

CREDITORS
Amounts falling due after more than one year 7 (104,547 ) (94,279 )

PROVISIONS FOR LIABILITIES 8 (62,593 ) (35,464 )
NET ASSETS 4,284,774 1,588,876

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 4,284,674 1,588,776
SHAREHOLDERS' FUNDS 4,284,774 1,588,876

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 January 2025 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 2024

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 2024

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 43 (2023 - 31 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 216,523 28,435 254,225 11,435 510,618
Additions 338,385 11,099 401,000 9,531 760,015
Disposals (60,355 ) - (245,192 ) - (305,547 )
At 30 September 2024 494,553 39,534 410,033 20,966 965,086
DEPRECIATION
At 1 October 2023 103,066 11,462 86,944 4,589 206,061
Charge for year 98,701 7,018 88,450 4,094 198,263
Eliminated on disposal (3,316 ) - (30,709 ) - (34,025 )
At 30 September 2024 198,451 18,480 144,685 8,683 370,299
NET BOOK VALUE
At 30 September 2024 296,102 21,054 265,348 12,283 594,787
At 30 September 2023 113,457 16,973 167,281 6,846 304,557

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 566,369 752,309
Other debtors 3,176,469 818,588
Prepayments 16,181 18,489
3,759,019 1,589,386

ELECTROMECH RS LTD (REGISTERED NUMBER: 12205676)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 52,771 41,601
Trade creditors 322,867 206,171
Corporation tax 441,003 351,244
Social security and other taxes 62,629 16,957
VAT 341,045 221,566
Other creditors 2,763 1,670
Directors' current accounts - 99,910
Accrued expenses 596,346 35,054
1,819,424 974,173

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 104,547 94,279

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 62,593 35,464

Deferred
tax
£   
Balance at 1 October 2023 35,464
Provided during year 27,129
Balance at 30 September 2024 62,593

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

10. RELATED PARTY DISCLOSURES

At the year end, the company had an outstanding amount receivable of £3,097,591 (2023: £818,587) from its associated company Sirus Properties Limited which is registered in England and Wales.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Rajinder Singh Bhogal.