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REGISTERED NUMBER: 04631417 (England and Wales)














Financial Statements

for the Year Ended 31 March 2025

for

ESPEX BATTERIES LIMITED

ESPEX BATTERIES LIMITED (REGISTERED NUMBER: 04631417)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ESPEX BATTERIES LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: A K Mukherjee
A Ghosal
Mrs L Farmer
A K Roy





REGISTERED OFFICE: Fairway House
Links Business Park
St Mellons
Cardiff
South Glamorgan
CF3 0LT





REGISTERED NUMBER: 04631417 (England and Wales)





INDEPENDENT AUDITORS: Hayvenhursts Limited
Chartered Accountants & Statutory Auditor
Fairway House
Links Business Park
St Mellons
Cardiff
CF3 0LT

ESPEX BATTERIES LIMITED (REGISTERED NUMBER: 04631417)

Statement of Financial Position
31 MARCH 2025

2025 2024
Notes £    £   
FIXED ASSETS
Intangible assets 5 2,100 3,780
Tangible assets 6 1,224,905 1,222,436
1,227,005 1,226,216

CURRENT ASSETS
Stocks 7 5,441,487 4,426,581
Debtors 8 2,664,342 3,505,726
Cash at bank 692,941 684,135
8,798,770 8,616,442
CREDITORS
Amounts falling due within one year 9 (6,690,859 ) (6,757,374 )
NET CURRENT ASSETS 2,107,911 1,859,068
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,334,916

3,085,284

CREDITORS
Amounts falling due after more than
one year

10

(662,801

)

(718,448

)

PROVISIONS FOR LIABILITIES (102,348 ) (76,617 )
NET ASSETS 2,569,767 2,290,219

CAPITAL AND RESERVES
Called up share capital 102,000 102,000
Capital redemption reserve 98,004 98,004
Retained earnings 2,369,763 2,090,215
SHAREHOLDERS' FUNDS 2,569,767 2,290,219

ESPEX BATTERIES LIMITED (REGISTERED NUMBER: 04631417)

Statement of Financial Position - continued
31 MARCH 2025


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 16 April 2025 and were signed on its behalf by:





A Ghosal - Director


ESPEX BATTERIES LIMITED (REGISTERED NUMBER: 04631417)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Espex Batteries 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates - going concern
The financial statements are prepared under the going concern basis. The directors believe this is appropriate as they believe that the company has the necessary resources at its disposal to meet its liabilities as they fall due.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - Straight line over 15 years
Improvements to property - Straight line over 15 years
Plant and machinery - 33% on cost, 25% on cost, 20% on cost and 10% on cost
Motor vehicles - 33% on cost and 25% on cost

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 statement of financial position date.


ESPEX BATTERIES LIMITED (REGISTERED NUMBER: 04631417)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2025

3. ACCOUNTING POLICIES - continued
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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2024 - 28 ) .

5. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 April 2024
and 31 March 2025 16,800
AMORTISATION
At 1 April 2024 13,020
Amortisation for year 1,680
At 31 March 2025 14,700
NET BOOK VALUE
At 31 March 2025 2,100
At 31 March 2024 3,780

ESPEX BATTERIES LIMITED (REGISTERED NUMBER: 04631417)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2025

6. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and Motor
property property machinery vehicles Totals
£    £    £    £    £   
COST
At 1 April 2024 1,051,505 326,275 217,517 447,233 2,042,530
Additions - 1,196 47,267 200,142 248,605
Disposals - - (8,928 ) (122,315 ) (131,243 )
At 31 March 2025 1,051,505 327,471 255,856 525,060 2,159,892
DEPRECIATION
At 1 April 2024 420,602 76,457 87,206 235,829 820,094
Charge for year 70,100 29,433 33,571 113,032 246,136
Eliminated on disposal - - (8,928 ) (122,315 ) (131,243 )
At 31 March 2025 490,702 105,890 111,849 226,546 934,987
NET BOOK VALUE
At 31 March 2025 560,803 221,581 144,007 298,514 1,224,905
At 31 March 2024 630,903 249,818 130,311 211,404 1,222,436

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 April 2024 189,637 32,977 447,234 669,848
Additions - 20,951 200,142 221,093
Disposals - - (122,315 ) (122,315 )
At 31 March 2025 189,637 53,928 525,061 768,626
DEPRECIATION
At 1 April 2024 26,219 275 235,829 262,323
Charge for year 18,963 5,076 113,032 137,071
Eliminated on disposal - - (122,315 ) (122,315 )
At 31 March 2025 45,182 5,351 226,546 277,079
NET BOOK VALUE
At 31 March 2025 144,455 48,577 298,515 491,547
At 31 March 2024 163,418 32,702 211,405 407,525

ESPEX BATTERIES LIMITED (REGISTERED NUMBER: 04631417)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2025

7. STOCKS
2025 2024
£    £   
Stocks 5,441,487 4,426,581

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 2,639,398 2,493,455
Other debtors 71 998,953
Prepayments 24,873 13,318
2,664,342 3,505,726

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts (see note 11)
50,370

50,370
Hire purchase contracts (see note 12)
174,284

130,560
Trade creditors 4,587,908 4,385,707
Tax 145,667 252,522
Social security and other taxes 190,434 419,064
Other creditors 273,709 108,138
Accruals and deferred income 1,268,487 1,411,013
6,690,859 6,757,374

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2025 2024
£    £   
Bank loans (see note 11) 421,267 473,514
Hire purchase contracts (see note 12)
241,534

244,934
662,801 718,448

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 219,787 272,034

ESPEX BATTERIES LIMITED (REGISTERED NUMBER: 04631417)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2025

11. LOANS

An analysis of the maturity of loans is given below:

2025 2024
£    £   
Amounts falling due within one year or on demand:
Bank loans 50,370 50,370

Amounts falling due between one and two years:
Bank loans - 1-2 years 50,370 50,370

Amounts falling due between two and five years:
Bank loans - 2-5 years 151,110 151,110

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 219,787 272,034

12. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2025 2024
£    £   
Net obligations repayable:
Within one year 174,284 130,560
Between one and five years 241,534 244,934
415,818 375,494

Non-cancellable operating leases
2025 2024
£    £   
Within one year 65,776 67,476
Between one and five years 59,703 129,863
125,479 197,339

ESPEX BATTERIES LIMITED (REGISTERED NUMBER: 04631417)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2025

13. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 471,637 523,884
Hire purchase contracts 415,818 375,494
887,455 899,378

14. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Stephen Cox (Senior Statutory Auditor)
for and on behalf of Hayvenhursts Limited

15. CAPITAL COMMITMENTS
2025 2024
£    £   
Contracted but not provided for in the
financial statements 177,090 -

ESPEX BATTERIES LIMITED (REGISTERED NUMBER: 04631417)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2025

16. AUDITOR LIABILITY LIMITATION AGREEMENT

As perscribed in the audit engagement letter for the year ended 31 March 2025 the advice given by our Auditors is for our sole use and does not constitute advice to any third party to whom we may communicate it.

Our Auditor will provide the professional services outlined in that engagement letter with reasonable care and skill. However, they will not be responsible for any losses, penalties, surcharges, interest or additional tax liabilities arising from the supply by ourselves or others of incorrect or incomplete information, or from the failure by ourselves or others to supply any appropriate information or our failure to act on their advice or respond promptly to communications from them or the tax authorities.

We agreed to hold harmless and indemnify our Auditor against any misrepresentation (intentional or unintentional) supplied to our Auditor orally or in writing in connection with this agreement. We have agreed that we will not bring any claim in connection with services provided to the the company by the Audit firm against any of its employees on a personal basis.

We will not hold our Auditor, or their principles,or their directors or their staff, responsible, to the fullest extent permitted by law, for any loss suffered by us arising from any misrepresentation (Intentional or unintentional) supplied to our Auditors orally or in writing in connection with services they provide to the company, against any of their directors or employees personally.

The Auditors' work is not, unless there is a legal or regulatory requirement, to be made available to third parties without their written permission and they will accept no responsibility to third parties for any aspect of their professional services or work that is made available.