REGISTERED NUMBER: 03188249 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ELECTRO DISCHARGE LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTORS:

Mr P R M Jordan

Mrs T M Jones

REGISTERED OFFICE:

109 Powke Lane

Cradley Heath

West Midlands

B64 5PX

REGISTERED NUMBER:

03188249 (England and Wales)

ACCOUNTANTS:

E R Grove & Co Limited

Grove House

Coombs Wood Court

Steel Park Road

Halesowen

West Midlands

B62 8BF

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Electro Discharge Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Electro Discharge Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Electro Discharge Limited and state those matters that we have agreed to state to the Board of Directors of Electro Discharge Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Electro Discharge Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Electro Discharge Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Electro Discharge Limited. You consider that Electro Discharge Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Electro Discharge Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

E R Grove & Co Limited

Grove House

Coombs Wood Court

Steel Park Road

Halesowen

West Midlands

B62 8BF

22 September 2025

FIXED ASSETS

Tangible assets

4

1,114,978

4,094,014

CURRENT ASSETS

Stocks

113,129

123,828

Debtors

5

1,242,198

978,853

Cash at bank

787,105

1,214,622

2,142,432

2,317,303

CREDITORS

Amounts falling due within one year

6

467,368

4,098,288

NET CURRENT ASSETS/(LIABILITIES)

1,675,064

(1,780,985

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,790,042

2,313,029

PROVISIONS FOR LIABILITIES

169,806

128,820

NET ASSETS

2,620,236

2,184,209

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,620,136

2,184,109

SHAREHOLDERS' FUNDS

2,620,236

2,184,209

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2025 and were signed on its behalf by:

Mr P R M Jordan - Director

1.	STATUTORY INFORMATION

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

Tangible fixed assets

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

Freehold property

-

2% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% 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 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 28 (2023 - 23 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

3,056,750

3,824,115

102,769

13,333

6,996,967

Additions

-

330,130

1,226

-

331,356

Disposals

(3,056,750

)

(47,950

)

-

(13,333

)

(3,118,033

)

At 31 December 2024

-

4,106,295

103,995

-

4,210,290

DEPRECIATION

At 1 January 2024

-

2,822,744

73,597

6,612

2,902,953

Charge for year

-

237,555

6,070

840

244,465

Eliminated on disposal

-

(44,654

)

-

(7,452

)

(52,106

)

At 31 December 2024

-

3,015,645

79,667

-

3,095,312

NET BOOK VALUE

At 31 December 2024

-

1,090,650

24,328

-

1,114,978

At 31 December 2023

3,056,750

1,001,371

29,172

6,721

4,094,014

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,033,935

866,912

Other debtors

208,263

111,941

1,242,198

978,853

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

138,006

3,513,166

Taxation and social security

253,987

443,992

Other creditors

75,375

141,130

467,368

4,098,288

7.	RELATED PARTY DISCLOSURES

During the year, the company made sales of £3,946,635 (2023: £3,479,661) and purchases of £6,890 (2023: £2,586) to/from M.J. Sections Limited. Sales and purchases were unsecured, at market price and on normal business terms.

At the balance sheet date the company was owed £851,705 (2023: £746,890) from M.J. Sections Limited. The company was also owed £171,864 (2023: £3,433,336 creditor) from M.J. Sections Limited in respect of other borrowings. The related party loan due to the company is unsecured and not interest bearing.

Mr P R M Jordan is a director and has a controlling interest in M.J. Sections Limited.