E.S.L. Engineers (Basildon) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00723927 (England and Wales)

E.S.L. ENGINEERS (BASILDON) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

8

DIRECTORS:

R O Jeremy

D M Perry

D A Rogers

SECRETARY:

Mrs C L Welsford

REGISTERED OFFICE:

255 Green Lanes

Palmers Green

London

N13 4XE

REGISTERED NUMBER:

00723927 (England and Wales)

ACCOUNTANTS:

John Crook & Partners

Chartered Accountants

255 Green Lanes

Palmers Green

London

N13 4XE

FIXED ASSETS

Tangible assets

4

1,098,153

715,329

CURRENT ASSETS

Stocks

61,757

75,800

Debtors

5

1,720,517

1,365,465

Cash at bank and in hand

203,997

70,389

1,986,271

1,511,654

CREDITORS

Amounts falling due within one year

6

1,007,348

819,394

NET CURRENT ASSETS

978,923

692,260

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,077,076

1,407,589

CREDITORS

Amounts falling due after more than one year

7

(40,865

)

(214,293

)

PROVISIONS FOR LIABILITIES

10

(266,245

)

(168,717

)

NET ASSETS

1,769,966

1,024,579

CAPITAL AND RESERVES

Called up share capital

11

4,467

Retained earnings

12

1,765,499

1,020,112

SHAREHOLDERS' FUNDS

1,769,966

1,024,579

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 September 2025 and were signed on its behalf by:

R O Jeremy - Director

D M Perry - Director

D A Rogers - Director

1.	STATUTORY INFORMATION

E.S.L. Engineers (Basildon) 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 represents the value of work invoiced to customers, excluding value added tax plus the value of work done but not invoiced on contracts, including attributable profit.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Plant and machinery

- 15% on reducing balance

Fixtures and fittings

- 15%-25% on reducing balance

Motor vehicles

- 25% 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 Statement of Income and Retained Earnings, 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. The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account as incurred.

Pension costs and other post-retirement benefits

The company operates defined contribution pension schemes. The assets of the schemes are held separately from those of the company in independently administered funds. Contributions payable for the year are charged in the profit and loss account.

Amounts recoverable on contracts

Amounts recoverable on contacts represent turnover which has not yet been invoiced to clients. Such amounts are separately disclosed within debtors. The valuation of amounts recoverable on contracts is adjusted to to take into account foreseeable losses on these contracts

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2023 - 35 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

COST

At 1 January 2024

2,454,833

201,618

-

2,656,451

Additions

451,307

9,244

51,860

512,411

At 31 December 2024

2,906,140

210,862

51,860

3,168,862

DEPRECIATION

At 1 January 2024

1,788,595

152,527

-

1,941,122

Charge for year

111,448

12,737

5,402

129,587

At 31 December 2024

1,900,043

165,264

5,402

2,070,709

NET BOOK VALUE

At 31 December 2024

1,006,097

45,598

46,458

1,098,153

At 31 December 2023

666,238

49,091

-

715,329

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

728,823

549,245

Amounts owed by group undertakings

145,294

367,688

Amounts owed by associates

380,444

-

Amounts recoverable on contracts

413,331

400,111

Other debtors

-

5,586

Prepayments

52,625

42,835

1,720,517

1,365,465

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

56,713

99,439

Hire purchase contracts (see note 8)

5,996

-

Trade creditors

626,819

124,665

Amounts owed to group undertakings

-

332,183

Tax

110,000

55,294

Social security and other taxes

63,681

35,324

Value added tax

46,395

90,763

Sundry creditors and accruals

97,744

81,726

1,007,348

819,394

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

Bank loans - 1-2 years

-

99,439

Bank loans - 2-5 years

-

114,854

Hire purchase contracts (see note 8)

40,865

-

40,865

214,293

8.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024

2023

£

Net obligations repayable:

Within one year

5,996

-

Between one and five years

40,865

-

46,861

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

Bank loans

56,713

313,732

10.	PROVISIONS FOR LIABILITIES

2024

2023

£

Deferred tax

Capital allowances in excess of depreciation

266,245

168,717

Deferred

tax

£

Balance at 1 January 2024

168,717

Profit and Loss account

97,528

Balance at 31 December 2024

266,245

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

4,467

Ordinary shares

1

4,467

12.

RESERVES

Retained

earnings

£

At 1 January 2024

1,020,112

Profit for the year

998,467

Dividends

(253,080

)

At 31 December 2024

1,765,499

13.	OTHER FINANCIAL COMMITMENTS

The company has entered into a cross guarantee with its parent company to secure its bank overdraft and borrowings.

14.	RELATED PARTY DISCLOSURES

ESL (Basildon) Holdings Limited

An associated company.

The company pays the rent to the company £255,901 (2023 - £222,563) as the company acquired the building.

At the year-end £380,444 (2023: £367,688) was due from the company.

Robert Pringle Engineers Ltd

A group company.

The company received management charges from the company of £244,897 (2023 - £127,127).

At the year-end £159,038 (2023: £nil) was due from the company.

ESL Partnership Limited

The parent company.

The company paid dividends during the year to that company of £253,080 (2023 - £681,960).

At the year-end £nil (2023: £332,183) was due to the company

15.	ULTIMATE CONTROLLING PARTY

The controlling party is ESL Partnership Limited.

The group is controlled by R O Jeremy and D M Perry.