Company registration number 04584621 (England and Wales)
CAPE (ELECTRICAL & MECHANICAL) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
Affinia
The Octagon Suite E2
2nd Floor Middleborough
Colchester
Essex
CO1 1TG
CAPE (ELECTRICAL & MECHANICAL) LTD
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7
CAPE (ELECTRICAL & MECHANICAL) LTD
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
692,110
492,026
Current assets
Debtors
5
1,630,288
2,085,606
Cash at bank and in hand
523,853
935,550
2,154,141
3,021,156
Creditors: amounts falling due within one year
6
(1,174,818)
(1,893,250)
Net current assets
979,323
1,127,906
Total assets less current liabilities
1,671,433
1,619,932
Creditors: amounts falling due after more than one year
7
(95,000)
(285,000)
Provisions for liabilities
(173,028)
(123,007)
Net assets
1,403,405
1,211,925
CAPE (ELECTRICAL & MECHANICAL) LTD
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2025
31 March 2025
2025
2024
Notes
£
£
£
£
- 2 -
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
1,403,305
1,211,825
Total equity
1,403,405
1,211,925

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 14 July 2025 and are signed on its behalf by:
Mr R J Foley
Mr K M Duke
Director
Director
Mr C S Metcalf
Director
Company Registration No. 04584621
CAPE (ELECTRICAL & MECHANICAL) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Cape (Electrical & Mechanical) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 89 Albert Road, Romford, Essex, UK, RM1 2PS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

The company is engaged in the business of electrical and mechanical contract services.

 

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% reducing balance
IT Equipment
4 years straight line
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

CAPE (ELECTRICAL & MECHANICAL) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.5
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.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's statement of financial position 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.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the 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.

1.9
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 income statement 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 liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing 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.

1.10
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 fixed 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.

CAPE (ELECTRICAL & MECHANICAL) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss 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
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
70
73
CAPE (ELECTRICAL & MECHANICAL) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024
767,817
Additions
377,896
At 31 March 2025
1,145,713
Depreciation and impairment
At 1 April 2024
275,791
Depreciation charged in the year
177,812
At 31 March 2025
453,603
Carrying amount
At 31 March 2025
692,110
At 31 March 2024
492,026
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,503,537
1,745,343
Other debtors
126,751
340,263
1,630,288
2,085,606
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
190,000
190,000
Trade creditors
621,142
1,093,653
Amounts owed to group undertakings
-
0
296,769
Taxation and social security
208,211
257,405
Other creditors
155,465
55,423
1,174,818
1,893,250
CAPE (ELECTRICAL & MECHANICAL) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
6
Creditors: amounts falling due within one year
(Continued)
- 7 -

A debenture in favour of Barclays Bank PLC created on 23 March 2010 exists over all monies due or to become due from the company to the charge on any account whatsoever. The debenture contains a fixed and floating charge.

 

A charge in favour of Cape (Electrical & Mechanical) Holdings Ltd created on 15 March 2021 exists over the freehold land and buildings of 89 Albert Road, Romford, Essex. The charge contains a negative pledge.

 

A floating charge in favour of Barclays Bank PLC created on 30 October 2024 exists over all the property and/or undertaking of the company. Contains a fixed charge and negative pledge.

 

7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
95,000
285,000

A debenture in favour of Barclays Bank PLC created on 23 March 2010 exists over all monies due or to become due from the company to the charge on any account whatsoever. The debenture contains a fixed and floating charge.

 

A charge in favour of Cape (Electrical & Mechanical) Holdings Ltd created on 15 March 2021 exists over the freehold land and buildings of 89 Albert Road, Romford, Essex. The charge contains a negative pledge.

 

A floating charge in favour of Barclays Bank PLC created on 30 October 2024 exists over all the property and/or undertaking of the company. Contains a fixed charge and negative pledge.

 

8
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
9,077
17,696
9
Parent company

The immediate parent company is Cape (Electrical & Mechanical) Holdings Limited.

 

The ultimate parent company is Cape (Electrical & Mechanical) Group Ltd, a ccompany incorporated in England and Wales. Company number: 14208294. Registered Office: Swift House Ground Floor, 18 Hoffmanns Way, Chelmsford, Essex, England, CM1 1GU.

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