REGISTERED NUMBER: 06394691 (England and Wales)

Financial Statements for the Year Ended 31 July 2024

for

Elmec Solutions Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mr P T Gray

Mr M Lees

Mr M Lees

Mr D Hughes

REGISTERED OFFICE:

Abbey House

McGregors Way

Chesterfield

Derbyshire

S40 2WB

REGISTERED NUMBER:

06394691 (England and Wales)

AUDITORS:

Sutton McGrath Hartley

5 Westbrook Court

Sharrowvale Road

Sheffield

South Yorkshire

S11 8YZ

FIXED ASSETS

Tangible assets

4

130,855

2,125,127

CURRENT ASSETS

Stocks

-

116,768

Debtors

5

4,112,115

843,356

Cash at bank and in hand

346,872

116,802

4,458,987

1,076,926

CREDITORS

Amounts falling due within one year

6

4,193,887

3,949,186

NET CURRENT ASSETS/(LIABILITIES)

265,100

(2,872,260

)

TOTAL ASSETS LESS CURRENT LIABILITIES

395,955

(747,133

)

CREDITORS

Amounts falling due after more than one year

7

(370,627

)

(136,166

)

PROVISIONS FOR LIABILITIES

10

(25,228

)

(204,485

)

NET ASSETS/(LIABILITIES)

100

(1,087,784

)

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

-

(1,087,884

)

SHAREHOLDERS' FUNDS

100

(1,087,784

)

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 26 September 2025 and were signed on its behalf by:

Mr D Hughes - Director

1.	STATUTORY INFORMATION

Elmec Solutions 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.

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 £.

Going concern

The financial statements have been prepared on the going concern basis.

After the year end, the trade of the business has ceased and the company is now dormant. Remaining assets and liabilities of the company have been cleared after the year end, however the Group will also support the company with any liabilities as required.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

20% on cost

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 39 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2023

3,817,026

Additions

174

Disposals

(3,499,982

)

At 31 July 2024

317,218

DEPRECIATION

At 1 August 2023

1,691,899

Charge for year

484,498

Eliminated on disposal

(1,990,034

)

At 31 July 2024

186,363

NET BOOK VALUE

At 31 July 2024

130,855

At 31 July 2023

2,125,127

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:

2023

2022

£

£

Motor vehicles

219,981

216,074

5.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

2,725

487,979

Amounts owed by group undertakings

3,965,054

108,174

Other debtors

19,583

247,203

3,987,362

843,356

Amounts falling due after more than one year:

Other debtors

124,753

-

Aggregate amounts

4,112,115

843,356

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

-

685,550

Hire purchase contracts (see note 8)

27,230

60,626

Trade creditors

22,703

475,378

Amounts owed to group undertakings

3,662,320

2,349,204

Taxation and social security

368,014

32,887

Other creditors

113,620

345,541

4,193,887

3,949,186

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts (see note 8)

66,272

136,166

Other creditors

304,355

-

370,627

136,166

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2024

2023

£

£

Net obligations repayable:

Within one year

27,230

60,626

Between one and five years

66,272

136,166

93,502

196,792

Non-cancellable

operating leases

2024

2023

£

£

Within one year

-

9,161

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchases

98,513

196,972

The hire purchases are secured against the assets to which they relate. They are repayable by monthly installments with interest being charged monthly.

10.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

25,228

204,485

Deferred tax

£

Balance at 1 August 2023

204,485

Credit to Income Statement during year

(179,257

)

Balance at 31 July 2024

25,228

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

As further described in note 2, the company is not expected to be trading for the next 12 months. The going concern basis of preparation is not materially different and remains appropriate, and support from the group remains available. On this basis, our conclusions relating to going concern remain appropriate.

James Salim FCCA (Senior Statutory Auditor)

for and on behalf of Sutton McGrath Hartley

13.	RELATED PARTY DISCLOSURES

The following companies are related parties as they are under common control of one or all of the directors:

CK Rail Solutions Ltd

During the year the company made sales totalling £70,899 (2023: £1,163,577) to and purchases totalling £29,340 (2023: £28,619) from CK Rail Solutions Ltd. As at 31 July 2024 the company owed £3,705,938 (2023: £2,349,204) to CK Rail Solutions Ltd.

Hastec Rail Ltd

During the year the company made purchases totalling £NIL (2023: £44,575) from and sales totalling £NIL (2023: £NIL) to Hastec Rail Ltd. As at 31 July 2024 the company was owed £97,087 (2023: £37,573 owed to) by Hastec Rail Ltd.

T.G. Beighton Ltd

During the year the company made purchases totalling £NIL (2023: £NIL) from and sales totalling £NIL (2023: £NIL) to T.G. Beighton Ltd. As at 31 July 2024 the company owed £21,259 (2023: £20,700 to) to T.G. Beighton Ltd.

TGB Mechanical & Electrical

During the year the company made purchases totalling £NIL (2023: £NIL) from and sales totalling £NIL (2023: £NIL) to TGB Mechanical & Electrical Ltd. As at 31 July 2024 the company was owed £60 (2023: £NIL owed to) by TGB Mechanical & Electrical Ltd.

Turnoaks Estates Ltd

During the year the company made purchases totalling £NIL (2023: £NIL) from and sales totalling £NIL (2023: £NIL) to Hastec Rail Ltd. As at 31 July 2024 the company was owed £27,850 (2023: £NIL owed to) by Hastec Rail Ltd.

14.	ULTIMATE CONTROLLING PARTY

The company's ultimate parent company is C King Holdings Ltd, a company incorporated in the UK, which is

the parent of both the smallest and largest group in which the results of the company are published.

The financial statements of C King Holdings Ltd can be obtained from Companies House or the registered

office.

The directors do not consider there to be an ultimate controlling party.