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
Electromagnetic Testing Services Limited
Company Information
for the year ended 31 December 2024
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
Electromagnetic Testing Services Limited
Statement of financial position
as at 31 December 2024
Tangible assets
587,931
650,438
Cash at bank and in hand
1,371,184
1,402,562
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
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
Electromagnetic Testing Services Limited
Notes to the Accounts
for the year ended 31 December 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
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.
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
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
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
Amounts falling due within one year
Trade debtors
239,307
121,755
Accrued income and prepayments
19,391
21,648
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
8,228
122,052
Taxes and social security
213,532
156,889
Loans from directors
(204,277)
29,412
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).