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Company Registration No. 02696255 (England and Wales)
Electromagnetic Testing Services Limited Unaudited accounts for the year ended 31 December 2024
Electromagnetic Testing Services Limited Unaudited accounts Contents
Page
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Electromagnetic Testing Services Limited Company Information for the year ended 31 December 2024
Director
G Vassilas
Company Number
02696255 (England and Wales)
Registered Office
Pratts Field, Lubberhedges Lane Stebbing Dunmow Essex CM6 3YY UK
Accountants
A K Accounting Services 49 Hitchin Road Upper Caldecote Beds SG18 9BU
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Electromagnetic Testing Services Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
587,931 
650,438 
Current assets
Debtors
258,698 
143,403 
Cash at bank and in hand
1,371,184 
1,402,562 
1,629,882 
1,545,965 
Creditors: amounts falling due within one year
(41,496)
(308,353)
Net current assets
1,588,386 
1,237,612 
Net assets
2,176,317 
1,888,050 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
2,176,315 
1,888,048 
Shareholders' funds
2,176,317 
1,888,050 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 April 2025 and were signed on its behalf by
G Vassilas Director Company Registration No. 02696255
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Electromagnetic Testing Services Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Electromagnetic Testing Services Limited is a private company, limited by shares, registered in England and Wales, registration number 02696255. The registered office is Pratts Field, Lubberhedges Lane, Stebbing, Dunmow, Essex, CM6 3YY, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10%
Plant & machinery
20%
Motor vehicles
20%
Fixtures & fittings
20%
Computer equipment
25%
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Electromagnetic Testing Services Limited Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 January 2024
969,781 
1,541,672 
162,083 
26,864 
31,801 
2,732,201 
Additions
38,191 
60,734 
- 
28,822 
- 
127,747 
At 31 December 2024
1,007,972 
1,602,406 
162,083 
55,686 
31,801 
2,859,948 
Depreciation
At 1 January 2024
583,270 
1,380,731 
63,711 
26,864 
27,187 
2,081,763 
Charge for the year
66,192 
81,580 
32,416 
5,765 
4,301 
190,254 
At 31 December 2024
649,462 
1,462,311 
96,127 
32,629 
31,488 
2,272,017 
Net book value
At 31 December 2024
358,510 
140,095 
65,956 
23,057 
313 
587,931 
At 31 December 2023
386,511 
160,941 
98,372 
- 
4,614 
650,438 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
239,307 
121,755 
Accrued income and prepayments
19,391 
21,648 
258,698 
143,403 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
8,228 
122,052 
Taxes and social security
213,532 
156,889 
Other creditors
24,013 
- 
Loans from directors
(204,277)
29,412 
41,496 
308,353 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
8
Average number of employees
During the year the average number of employees was 13 (2023: 13).
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