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REGISTERED NUMBER: NI063024 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

ELECTRICAL MACHINE SERVICES LTD

ELECTRICAL MACHINE SERVICES LTD (REGISTERED NUMBER: NI063024)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6


ELECTRICAL MACHINE SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mrs A McKeen
W A McKeen



SECRETARY: Mrs A McKeen



REGISTERED OFFICE: 3 Ballynure Road
Ballyclare
Antrim
Co. Antrim
BT39 9AG



REGISTERED NUMBER: NI063024 (Northern Ireland)



ACCOUNTANTS: Baker Tilly Mooney Moore
17 Clarendon Road
Belfast
BT1 3BG



BANKERS: Danske Bank
Donegall Square West
Belfast
BT1 6JS

ELECTRICAL MACHINE SERVICES LTD (REGISTERED NUMBER: NI063024)

STATEMENT OF FINANCIAL POSITION
31 JULY 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,244,953 1,076,598

CURRENT ASSETS
Debtors 5 - 198,235
Cash at bank 5,601 21,722
5,601 219,957
CREDITORS
Amounts falling due within one year 6 1,059,223 1,030,340
NET CURRENT LIABILITIES (1,053,622 ) (810,383 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

191,331

266,215

CREDITORS
Amounts falling due after more than one
year

7

317,959

354,216
NET LIABILITIES (126,628 ) (88,001 )

CAPITAL AND RESERVES
Called up share capital 1,280 1,280
Share premium 21,720 21,720
Retained earnings (149,628 ) (111,001 )
(126,628 ) (88,001 )

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

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

ELECTRICAL MACHINE SERVICES LTD (REGISTERED NUMBER: NI063024)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 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 24 February 2025 and were signed on its behalf by:





W A McKeen - Director


ELECTRICAL MACHINE SERVICES LTD (REGISTERED NUMBER: NI063024)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

Electrical Machine Services Ltd is a private company, limited by shares , registered in Northern Ireland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures, fittings & equipment - 20% on cost
Motor vehicles - at varying rates 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

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

ELECTRICAL MACHINE SERVICES LTD (REGISTERED NUMBER: NI063024)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


4. TANGIBLE FIXED ASSETS
Fixtures,
Freehold fittings Motor
property & equipment vehicles Totals
£    £    £    £   
COST
At 1 August 2023 332,239 652 781,484 1,114,375
Additions - - 175,000 175,000
At 31 July 2024 332,239 652 956,484 1,289,375
DEPRECIATION
At 1 August 2023 20,127 652 16,998 37,777
Charge for year 6,645 - - 6,645
At 31 July 2024 26,772 652 16,998 44,422
NET BOOK VALUE
At 31 July 2024 305,467 - 939,486 1,244,953
At 31 July 2023 312,112 - 764,486 1,076,598

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2023
and 31 July 2024 527,990
NET BOOK VALUE
At 31 July 2024 527,990
At 31 July 2023 527,990

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other debtors - 198,235

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 10,077 9,828
Hire purchase contracts 26,180 25,379
Amounts owed to group undertakings 1,016,966 990,131
Other creditors 6,000 5,002
1,059,223 1,030,340

ELECTRICAL MACHINE SERVICES LTD (REGISTERED NUMBER: NI063024)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 17,366 27,443
Hire purchase contracts 300,593 326,773
317,959 354,216

8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Hire purchase contracts 326,773 352,152

Hire purchase agreements are secured against the assets to which they relate.