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Registered number: 14501870
Enspec Holdings Limited
Annual Report and Financial Statements
Information for filing with the registrar
For the Year Ended 31 December 2024
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Enspec Holdings Limited
Registered number: 14501870
Balance Sheet
As at 31 December 2024
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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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 income and retained earnings 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:
The notes on pages 2 to 6 form part of these financial statements.
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Enspec Holdings Limited
Notes to the Financial Statements
For the year ended 31 December 2024
Enspec Holdings Limited is a private company limited by share capital. The Company is incorporated in England,
company number 14501870. The address of the registered office and principal place of business is 6 Waterside Court, St. Helens, WA9 1UA.
2.Accounting policies
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Basis of preparation of financial statements
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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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.
In the current year, the classification between current and non-current liabilities in respect of loan notes and other creditors as at 31 December 2023 has been reassessed. As a result, the prior year comparatives have been restated to reflect the revised split. This reclassification has no impact on the total liabilities, net assets, or profit or loss of the prior year.
The following principal accounting policies have been applied:
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
Investments in subsidiaries are measured at cost less accumulated impairment.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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Enspec Holdings Limited
Notes to the Financial Statements
For the year ended 31 December 2024
2.Accounting policies (continued)
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
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 the deduction of all its liabilities.
Basic financial liabilities, which include other creditors and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
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The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).
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Enspec Holdings Limited
Notes to the Financial Statements
For the year ended 31 December 2024
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Investments in subsidiary companies
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Amounts owed to group undertakings are interest free, unsecured and repayable on demand.
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Creditors: Amounts falling due after more than one year
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Enspec Holdings Limited
Notes to the Financial Statements
For the year ended 31 December 2024
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Analysis of the maturity of loans is given below:
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Amounts falling due within one year
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Amounts falling due 1-2 years
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Amounts falling due 2-5 years
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Amounts falling due after more than 5 years
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Other loans is in respect of loan notes which are repayable by installments for a period greater than 5 years. Interest will be charged at a rate of 1.75% above the Bank of England base rate from March 2026.
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Allotted, called up and fully paid
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750 (2023 - 750) Ordinary A shares of £1.00 each
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750 (2023 - 750) Ordinary B shares of £1.00 each
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500 (2023 - 500) Ordinary C shares of £1.00 each
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Profit and loss account
The profit and loss account includes all profits and losses accumulated since incorporation, net of dividends paid.
Merger reserve
A merger resere arose on a business combination that was accounted for as a merger in accordance with UK GAAP.
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Enspec Holdings Limited
Notes to the Financial Statements
For the year ended 31 December 2024
There is no ultimate controlling party.
The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.
The audit report was signed on 8 September 2025 by Chris Stewardson (Senior Statutory Auditor) on behalf of Hurst Accountants Limited.
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