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Registered number: 04405148










DOBLE POWERTEST LIMITED










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
DOBLE POWERTEST LIMITED
 

CONTENTS



Page
Company information
 
1
Balance sheet
 
2 - 3
Statement of changes in equity
 
4
Notes to the financial statements
 
5 - 12


 
DOBLE POWERTEST LIMITED
 

COMPANY INFORMATION


Directors
R J Heywood 
D M Schatz 
K A Kennedy 
N Maclennan 




Company secretary
TJG Secretaries Limited



Registered number
04405148



Registered office
5 New Street Square

London

EC4A 3TW




Independent auditors
Cooper Parry Group Limited
Statutory Auditor

New Derwent House

69-73 Theobalds Road

Holborn

London

WC1X 8TA




Page 1

 
DOBLE POWERTEST LIMITED
REGISTERED NUMBER: 04405148

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
675,829
329,082

  
675,829
329,082

Current assets
  

Stocks
  
28,199
218,665

Debtors: amounts falling due within one year
 5 
2,278,630
1,634,931

Cash at bank
  
1,865,086
1,186,161

  
4,171,915
3,039,757

Creditors: amounts falling due within one year
 6 
(1,491,324)
(1,171,472)

Net current assets
  
 
 
2,680,591
 
 
1,868,285

Total assets less current liabilities
  
3,356,420
2,197,367

Provisions for liabilities
  

Deferred tax
 7 
(111,884)
-

  
 
 
(111,884)
 
 
-

Net assets
  
3,244,536
2,197,367


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
3,244,436
2,197,267

Shareholders' funds
  
3,244,536
2,197,367


Page 2

 
DOBLE POWERTEST LIMITED
REGISTERED NUMBER: 04405148

BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




R J Heywood
Director

Date: 10 June 2025

The notes on pages 5 to 12 form part of these financial statements.

Page 3

 
DOBLE POWERTEST LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 October 2022
100
2,402,794
2,402,894



Loss for the year
-
(205,527)
(205,527)



At 1 October 2023
100
2,197,267
2,197,367


Comprehensive income for the year

Profit for the year
-
1,047,169
1,047,169


At 30 September 2024
100
3,244,436
3,244,536


Page 4

 
DOBLE POWERTEST LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Doble Powertest Limited is a private company limited by shares and is registered and incorporated in England and Wales. The registered office is 5 New Street Square, London EC4A 3TW.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in Sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis. The directors have reviewed and considered relevant information. Based on these assessments, the current resources available, the directors are satisfied that the company is able to meet its obligations and continue in operational existence for the twelve months from the date of the approval of financial statements. For this reason, the directors have adopted the going concern basis in preparing these financial statements.

 
2.3

Turnover

Turnover represents the total invoice value, excluding value added tax, trade discounts and all other taxes of sales made during the year.
Income is recognised when goods have been delivered and services supplied to customers such that risks and rewards of ownership have transferred to them.

  
2.4

Deferred income

Deferred income relates to income received in advance for work not started yet.

  
2.5

Foreign exchange

Transactions in currencies other than the functional currency (foreign currency) are initially recorded at the exchange rate prevailing on the date of the transaction.
Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the reporting date. Non-monetary assets and liabilities denominated in foreign currencies are translated at the rate ruling at the date of the transaction, or, if the asset or liability is measured at fair value, the rate when that fair value was determined.
All translation differences are taken to the profit and loss account, except to the extent that they relate to gains or losses on non-monetary items recognised in other comprehensive income, when the related translation gain or loss is also recognised in other comprehensive income.

Page 5

 
DOBLE POWERTEST LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.6

Leases

Rentals payable under operating leases, including any lease incentives received, are charged to the profit and loss account on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

 
2.7

Retirement benefits

For defined contribution schemes the amount charged to the profit and loss account is the contributions payable in the year. Differences between contributions payable in the year and contributions actually paid are shown as either accruals or prepayments.

  
2.8

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or non-current assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits

 
2.9

Current and deferred taxation

The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax is the tax expected to be payable or recoverable on differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit, and is accounted for using the balance sheet liability method. Deferred tax liabilities are generally recognised for all taxable temporary differences and deferred tax assets are recognised to the extent that it is probable that taxable profits will be available against which deductible temporary differences can be utilised. Such assets and liabilities are not recognised if the temporary difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 6

 
DOBLE POWERTEST LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.10
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold improvement
-
25%
Plant and machinery
-
33%
Motor vehicles
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the profit and loss account.

  
2.11

Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

 
2.12

Stocks

Inventories are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost 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.
Inventories held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of inventories over its estimated selling price less costs to complete and sell is recognised as an impairment loss in the profit and loss account. Reversals of impairment losses are also recognised in the profit and loss account.

 
2.13

Amounts recoverable under contract

Included within debtors are amounts recoverable under contracts with customers in providing services to test and maintain electrical goods. This is measured by the costs incurred for the work performed to date on those contracts that are yet to be invoiced to the customer. Costs incurred for work performed to date do not include costs relating to future activity.

Page 7

 
DOBLE POWERTEST LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

  
2.14

Non-current investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in the profit and loss account.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

 
2.15

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial asset is measured at the present value of the future receipts discounted at a market rate of interest.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including trade and other payables, and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.
Debt instruments are subsequently carried at amortised cost, using the effective Interest rate method.
Equity instruments
Equity instruments issued by the company are recorded at the fair value of proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.


3.


Employees

The average monthly number of employees, including directors, during the year was 29 (2023: 28).

Page 8

 
DOBLE POWERTEST LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Land and buildings
Plant and machinery
Motor vehicles
Total

£
£
£
£



Cost or valuation


At 1 October 2023
250,666
759,894
379,892
1,390,452


Additions
223,332
284,961
25,109
533,402



At 30 September 2024

473,998
1,044,855
405,001
1,923,854



Depreciation


At 1 October 2023
167,886
688,770
204,714
1,061,370


Charge for the year on owned assets
46,287
77,511
62,857
186,655



At 30 September 2024

214,173
766,281
267,571
1,248,025



Net book value



At 30 September 2024
259,825
278,574
137,430
675,829



At 30 September 2023
82,780
71,124
175,178
329,082

Page 9

 
DOBLE POWERTEST LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
1,490,252
853,758

Amounts owed by group undertakings
495,599
403,911

Other debtors
767
-

Prepayments and accrued income
89,424
54,000

Amounts recoverable on contracts
202,588
226,738

Tax recoverable
-
71,810

Deferred taxation
-
24,714

2,278,630
1,634,931



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
343,868
232,272

Amounts owed to group undertakings
120,183
192,714

Corporation tax
116,738
-

Other taxation and social security
179,808
106,047

Accruals and deferred income
730,727
640,439

1,491,324
1,171,472



7.


Deferred taxation




2024


£






At beginning of year
24,714


Charged to profit or loss
(136,598)



At end of year
(111,884)

Page 10

 
DOBLE POWERTEST LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
 
7.Deferred taxation (continued)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(114,154)
-

Tax losses carried forward
-
24,714

Short term timing differences
2,270
-

(111,884)
24,714


8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023: 100) Ordinary shares of £1 each
100
100



9.


Commitments under operating leases

At 30 September 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
76,936
76,936

Later than 1 year and not later than 5 years
214,558
291,494

291,494
368,430


10.


Related party disclosure

The company has taken advantage of the exemptions provided by Section 33 of FRS 102 'Related Party Disclosures' and has not disclosed transactions entered into between two or more members of a group, provided that any subsidiary undertaking which is party to the transactions is wholly owned by a member of that group.


11.


Parent company

The immediate parent company is ESCO UK Global Holdings Ltd, a company registered in England and Wales.
ESCO Technologies Inc., the ultimate parent company, is the parent of the smallest and largest group for which consolidated accounts including Doble Powertest Limited are prepared. The consolidated financial statements of ESCO Technologies Inc. are available from 9900A Clayton Road, St. Louis, MO 63124, USA.

Page 11

 
DOBLE POWERTEST LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

12.


Auditors' information

The auditors' report on the financial statements for the year ended 30 September 2024 was unqualified.

The audit report was signed on 11 June 2025 by Azfar Doshi (senior statutory auditor) on behalf of Cooper Parry Group Limited.


Page 12