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REGISTERED NUMBER: 04913016 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31st October 2024

for

Essential Industrial Services Limited

Essential Industrial Services Limited (Registered number: 04913016)






Contents of the Financial Statements
for the year ended 31st October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Essential Industrial Services Limited

Company Information
for the year ended 31st October 2024







DIRECTORS: Mr J A Cooper
Mr C Johnson
Mrs J Cooper
Mrs V L Johnson





SECRETARY: Mr J A Cooper





REGISTERED OFFICE: Unit 437/438 Ranglet Road
Walton Summit
Bamber Bridge
Preston
Lancashire
PR5 8AR





REGISTERED NUMBER: 04913016 (England and Wales)





ACCOUNTANTS: Robin Oatridge & Co Limited
Chartered Certified Accountants
Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE

Essential Industrial Services Limited (Registered number: 04913016)

Balance Sheet
31st October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 337,922 261,961

CURRENT ASSETS
Stocks 332,500 323,250
Debtors 5 888,829 723,391
Investments 6 4,300 3,000
Cash at bank and in hand 96,961 172,984
1,322,590 1,222,625
CREDITORS
Amounts falling due within one year 7 1,036,174 816,444
NET CURRENT ASSETS 286,416 406,181
TOTAL ASSETS LESS CURRENT
LIABILITIES

624,338

668,142

CREDITORS
Amounts falling due after more than one
year

8

(118,313

)

(107,969

)

PROVISIONS FOR LIABILITIES (70,146 ) (58,994 )
NET ASSETS 435,879 501,179

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 435,779 501,079
SHAREHOLDERS' FUNDS 435,879 501,179

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

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

Essential Industrial Services Limited (Registered number: 04913016)

Balance Sheet - continued
31st October 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 16th May 2025 and were signed on its behalf by:





Mr C Johnson - Director


Essential Industrial Services Limited (Registered number: 04913016)

Notes to the Financial Statements
for the year ended 31st October 2024

1. STATUTORY INFORMATION

Essential Industrial Services 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.

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.

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.
Land and buildings - 20% on cost
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Essential Industrial Services Limited (Registered number: 04913016)

Notes to the Financial Statements - continued
for the year ended 31st October 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 19 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st November 2023 - 524,711 524,711
Additions 15,400 218,216 233,616
Disposals - (143,940 ) (143,940 )
At 31st October 2024 15,400 598,987 614,387
DEPRECIATION
At 1st November 2023 - 262,750 262,750
Charge for year 3,080 84,191 87,271
Eliminated on disposal - (73,556 ) (73,556 )
At 31st October 2024 3,080 273,385 276,465
NET BOOK VALUE
At 31st October 2024 12,320 325,602 337,922
At 31st October 2023 - 261,961 261,961

Essential Industrial Services Limited (Registered number: 04913016)

Notes to the Financial Statements - continued
for the year ended 31st October 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st November 2023 292,449
Additions 158,840
Disposals (125,840 )
At 31st October 2024 325,449
DEPRECIATION
At 1st November 2023 99,128
Charge for year 59,876
Eliminated on disposal (58,006 )
At 31st October 2024 100,998
NET BOOK VALUE
At 31st October 2024 224,451
At 31st October 2023 193,321

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 873,942 713,391
Other debtors 14,887 10,000
888,829 723,391

6. CURRENT ASSET INVESTMENTS

The company holds 3,000 ordinary £1 shares in IADA Limited and 10 shares in National Merchant Buying Society Limited.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 134,422 10,000
Hire purchase contracts (see note 9) 78,809 62,026
Trade creditors 525,899 503,649
Taxation and social security 179,879 231,851
Other creditors 117,165 8,918
1,036,174 816,444

Essential Industrial Services Limited (Registered number: 04913016)

Notes to the Financial Statements - continued
for the year ended 31st October 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 6,666 16,666
Hire purchase contracts (see note 9) 111,647 91,303
118,313 107,969

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 78,809 62,026
Between one and five years 111,647 91,303
190,456 153,329

Non-cancellable operating leases
2024 2023
£    £   
Within one year 14,776 14,776
Between one and five years 3,366 18,142
18,142 32,918

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft 124,422 -
Hire purchase contracts 190,456 153,329
314,878 153,329

The bank overdraft is secured by a fixed and floating charge over the assets of the company.

No security is held over the bank loan.

11. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.