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Registration number: 06368386

Electronic Manufacturing Solutions Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Electronic Manufacturing Solutions Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 11

 

Electronic Manufacturing Solutions Ltd

Company Information

Directors

Mr Bernard Chubb

Mrs Deborah Jane Chubb

Company secretary

Mrs Deborah Jane Chubb

Registered office

Lindenmuth House
37 Greenham Business Park
Greenham
Thatcham
Berkshire
RG19 6HW

Accountants

Opus Accounting Limited
Chartered Certified Accountants
7-7c Snuff Street
Devizes
Wiltshire
SN10 1DU

 

Electronic Manufacturing Solutions Ltd

(Registration number: 06368386)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

5

1,359,632

1,491,721

Current assets

 

Stocks

6

403,396

757,354

Debtors

7

2,442,730

2,079,333

Cash at bank and in hand

 

63,544

14,035

 

2,909,670

2,850,722

Creditors: Amounts falling due within one year

8

(2,131,235)

(2,373,184)

Net current assets

 

778,435

477,538

Total assets less current liabilities

 

2,138,067

1,969,259

Creditors: Amounts falling due after more than one year

8

(662,264)

(506,751)

Provisions for liabilities

(101,776)

(131,610)

Net assets

 

1,374,027

1,330,898

Capital and reserves

 

Called up share capital

9

1,000

1,000

Retained earnings

1,373,027

1,329,898

Shareholders' funds

 

1,374,027

1,330,898

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 April 2025 and signed on its behalf by:
 

 

Electronic Manufacturing Solutions Ltd

(Registration number: 06368386)
Balance Sheet as at 31 March 2025 (continued)

.........................................
Mr Bernard Chubb
Director

 

Electronic Manufacturing Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Lindenmuth House
37 Greenham Business Park
Greenham
Thatcham
Berkshire
RG19 6HW
England

These financial statements were authorised for issue by the Board on 15 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Electronic Manufacturing Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% on cost

Fixtures and fittings

25% on cost

Motor vehicles

25% on cost

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

 

Electronic Manufacturing Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Straight line over 5 years from the date of purchase.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

 

Electronic Manufacturing Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 29 (2024 - 48).

 

Electronic Manufacturing Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2024

378,000

378,000

At 31 March 2025

378,000

378,000

Amortisation

At 1 April 2024

378,000

378,000

At 31 March 2025

378,000

378,000

Carrying amount

At 31 March 2025

-

-

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2024

721,395

94,525

1,794,815

2,610,735

At 31 March 2025

721,395

94,525

1,794,815

2,610,735

Depreciation

At 1 April 2024

12,830

63,687

1,042,497

1,119,014

Charge for the year

2,429

10,927

118,733

132,089

At 31 March 2025

15,259

74,614

1,161,230

1,251,103

Carrying amount

At 31 March 2025

706,136

19,911

633,585

1,359,632

At 31 March 2024

708,565

30,838

752,318

1,491,721

Included within the net book value of land and buildings above is £706,136 (2024 - £708,565) in respect of freehold land and buildings.
 

 

Electronic Manufacturing Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

6

Stocks

2025
£

2024
£

Work in progress

193,685

276,283

Finished goods and goods for resale

17,011

78,394

Other inventories

192,700

402,677

403,396

757,354

7

Debtors

Current

2025
£

2024
£

Trade debtors

904,150

1,039,808

Prepayments

69,694

63,430

Other debtors

1,468,886

976,095

 

2,442,730

2,079,333

 

Electronic Manufacturing Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

8

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Trade creditors

492,985

462,861

Taxation and social security

387,331

529,523

Accruals and deferred income

142,873

247,250

Other creditors

1,108,046

1,133,550

2,131,235

2,373,184

Creditors: amounts falling due after more than one year

2025
£

2024
£

Due after one year

Other non-current financial liabilities

662,264

506,751

9

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary of £1 each

1,000

1,000

1,000

1,000

       

10

Dividends

Interim dividends paid

2025
£

2024
£

Interim dividend of £Nil (2024 - £282.312) per each Ordinary

-

282,312

 

 
 

Electronic Manufacturing Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

11

Related party transactions

Transactions with directors

2025

At 1 April 2024
£

Advances to director
£

At 31 March 2025
£

Mr Bernard Chubb

Loan to director

235,068

190,568

425,636

Mrs Deborah Jane Chubb

Loan to director

235,066

190,568

425,634

2024

At 1 April 2023
£

Advances to director
£

At 31 March 2024
£

Mr Bernard Chubb

Loan to director

-

235,068

235,068

Mrs Deborah Jane Chubb

Loan to director

-

235,066

235,066

Directors' remuneration

The directors' remuneration for the year was as follows:

2025
£

2024
£

Remuneration

17,688

17,688