REGISTERED NUMBER: NI038277 (Northern Ireland)

E.S.L. Engineering Limited

Unaudited Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S G Elliott

Mrs L M Lane

Mr D Lane

REGISTERED OFFICE:

11 Farranlester Road

Coleraine

Co Londonderry

BT51 3QR

REGISTERED NUMBER:

NI038277 (Northern Ireland)

ACCOUNTANTS:

Agnew Mitchell & Cairns

184 Rashee Road

Ballyclare

Co. Antrim

BT39 9JB

BANKERS:

Danske Bank

22 The Diamond

Coleraine

Londonderry

BT52 1DA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,044,427

704,503

1,044,427

704,503

CURRENT ASSETS

Stocks

545,430

619,047

Debtors

6

909,777

1,260,929

Cash at bank and in hand

167,695

7,235

1,622,902

1,887,211

CREDITORS

Amounts falling due within one year

7

672,855

921,740

NET CURRENT ASSETS

950,047

965,471

TOTAL ASSETS LESS CURRENT LIABILITIES

1,994,474

1,669,974

CREDITORS

Amounts falling due after more than one year

8

(335,946

)

(223,341

)

PROVISIONS FOR LIABILITIES

(259,469

)

(172,341

)

NET ASSETS

1,399,059

1,274,292

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

1,398,059

1,273,292

SHAREHOLDERS' FUNDS

1,399,059

1,274,292

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 August 2025 and were signed on its behalf by:

Mr S G Elliott - Director

Mr D Lane - Director

1.	STATUTORY INFORMATION

E.S.L. Engineering Limited is a private company, limited by shares , registered in Northern Ireland. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc

-

33% on cost, 25% on reducing balance and 20% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2024 - 30 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

140,000

AMORTISATION

At 1 April 2024

and 31 March 2025

140,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

2,059,083

Additions

605,217

Disposals

(6,995

)

At 31 March 2025

2,657,305

DEPRECIATION

At 1 April 2024

1,354,580

Charge for year

263,633

Eliminated on disposal

(5,335

)

At 31 March 2025

1,612,878

NET BOOK VALUE

At 31 March 2025

1,044,427

At 31 March 2024

704,503

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

883,862

1,068,738

Other debtors

25,915

192,191

909,777

1,260,929

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

30,610

48,181

Hire purchase contracts (see note 9)

108,826

51,062

Trade creditors

424,970

726,178

Taxation and social security

66,972

52,211

Other creditors

41,477

44,108

672,855

921,740

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

19,388

50,251

Hire purchase contracts (see note 9)

316,558

173,090

335,946

223,341

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

108,826

51,062

Between one and five years

316,558

173,090

425,384

224,152

Non-cancellable

operating leases

2025

2024

£

£

Within one year

1,177

1,348

Between one and five years

196

1,374

1,373

2,722

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdraft

-

16,458

Hire purchase contracts

425,384

224,152

425,384

240,610

Danske Bank have a Debenture over the Company incorporating fixed and floating charges.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Mr S G Elliott

Balance outstanding at start of year

-

10,287

Amounts repaid

-

(10,287

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

Mrs L M Lane and Mr D Lane

Balance outstanding at start of year

597

15,597

Amounts advanced

10,000

-

Amounts repaid

-

(15,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

10,597

597