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REGISTERED NUMBER: 07619324 (England and Wales)












ENGINEERS MATE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






ENGINEERS MATE LTD (REGISTERED NUMBER: 07619324)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ENGINEERS MATE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mr A J Bowyer
Mr J A Head
Mr R Beech





REGISTERED OFFICE: College House
St. Leonards Close
Bridgnorth
Shropshire
WV16 4EJ





REGISTERED NUMBER: 07619324 (England and Wales)





ACCOUNTANTS: Wallace Crooke Walsall Limited
Chartered Accountants
Wallace House
20 Birmingham Road
Walsall
West Midlands
WS1 2LT

ENGINEERS MATE LTD (REGISTERED NUMBER: 07619324)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 27,393 5,194
Tangible assets 5 41,458 29,377
Investments 6 4,300 3,000
73,151 37,571

CURRENT ASSETS
Stocks 565,578 361,792
Debtors 7 1,424,897 1,516,797
Cash at bank and in hand 322,554 290,809
2,313,029 2,169,398
CREDITORS
Amounts falling due within one year 8 2,171,823 2,003,836
NET CURRENT ASSETS 141,206 165,562
TOTAL ASSETS LESS CURRENT
LIABILITIES

214,357

203,133

CREDITORS
Amounts falling due after more than one
year

9

(30,667

)

(17,500

)

PROVISIONS FOR LIABILITIES 10 (11,603 ) (9,393 )
NET ASSETS 172,087 176,240

CAPITAL AND RESERVES
Called up share capital 67 67
Share premium 32,994 32,994
Retained earnings 139,026 143,179
SHAREHOLDERS' FUNDS 172,087 176,240

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

ENGINEERS MATE LTD (REGISTERED NUMBER: 07619324)

BALANCE SHEET - continued
30 SEPTEMBER 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 24 June 2025 and were signed on its behalf by:




Mr A J Bowyer - Director Mr J A Head - Director




Mr R Beech - Director


ENGINEERS MATE LTD (REGISTERED NUMBER: 07619324)

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

1. STATUTORY INFORMATION

Engineers Mate Ltd 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.

The company's financial statements are presented in Sterling and all values are rounded to the nearest pound.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of ten years.

Patent and licences
Patent and licences, being the amount paid in connection with the patent of the Engineers Mate Ltd logo, is being amortised evenly over its estimated useful life of five years.

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.
Furniture & fixtures - 25% on cost
Website and software - 25% reducing balance
Motor vehicles - 20% on cost
Computer equipment - 33% 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.

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowances 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.


ENGINEERS MATE LTD (REGISTERED NUMBER: 07619324)

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

2. ACCOUNTING POLICIES - continued
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.

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 27 (2023 - 25 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
Goodwill licences Totals
£    £    £   
COST
At 1 October 2023 - 12,390 12,390
Additions 24,000 1,820 25,820
At 30 September 2024 24,000 14,210 38,210
AMORTISATION
At 1 October 2023 - 7,196 7,196
Amortisation for year 1,200 2,421 3,621
At 30 September 2024 1,200 9,617 10,817
NET BOOK VALUE
At 30 September 2024 22,800 4,593 27,393
At 30 September 2023 - 5,194 5,194

ENGINEERS MATE LTD (REGISTERED NUMBER: 07619324)

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

5. TANGIBLE FIXED ASSETS
Website
Furniture Plant and and
& fixtures machinery software
£    £    £   
COST
At 1 October 2023 10,391 - 72,176
Additions 6,860 1,955 -
At 30 September 2024 17,251 1,955 72,176
DEPRECIATION
At 1 October 2023 6,043 - 47,736
Charge for year 2,552 98 6,112
At 30 September 2024 8,595 98 53,848
NET BOOK VALUE
At 30 September 2024 8,656 1,857 18,328
At 30 September 2023 4,348 - 24,440

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2023 42,541 33,399 158,507
Additions 14,000 - 22,815
At 30 September 2024 56,541 33,399 181,322
DEPRECIATION
At 1 October 2023 42,541 32,810 129,130
Charge for year 1,400 572 10,734
At 30 September 2024 43,941 33,382 139,864
NET BOOK VALUE
At 30 September 2024 12,600 17 41,458
At 30 September 2023 - 589 29,377

ENGINEERS MATE LTD (REGISTERED NUMBER: 07619324)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 42,541 17,307 59,848
DEPRECIATION
At 1 October 2023
and 30 September 2024 42,541 17,307 59,848
NET BOOK VALUE
At 30 September 2024 - - -
At 30 September 2023 - - -

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2023 3,000
Additions 1,300
At 30 September 2024 4,300
NET BOOK VALUE
At 30 September 2024 4,300
At 30 September 2023 3,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,376,010 1,434,650
Other debtors 48,887 82,147
1,424,897 1,516,797

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 1,539,255 1,638,789
Taxation and social security 329,583 308,798
Other creditors 292,985 46,249
2,171,823 2,003,836

ENGINEERS MATE LTD (REGISTERED NUMBER: 07619324)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 6,667 17,500
Other creditors 24,000 -
30,667 17,500

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 11,603 9,393

Deferred
tax
£   
Balance at 1 October 2023 9,393
Provided during year 2,210
Balance at 30 September 2024 11,603