REGISTERED NUMBER: 07529523 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

EXCITATION & ENGINEERING SERVICES

LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D Cope

Mrs S Phanjarit

Mr M D Slater

Mr R T Kavanagh

REGISTERED OFFICE:

2 Amber Business Village

Amber Close

Amington

Tamworth

Staffordshire

B77 4RP

REGISTERED NUMBER:

07529523 (England and Wales)

ACCOUNTANTS:

Brookes Stephens

New Media House

Davidson Road

Lichfield

Staffordshire

WS14 9DZ

Fixed assets

Intangible assets

4

7,711

208

Tangible assets

5

554,469

557,165

562,180

557,373

Current assets

Stocks

28,614

-

Debtors

6

376,949

1,035,235

Cash at bank

840,085

556,559

1,245,648

1,591,794

Creditors

Amounts falling due within one year

7

362,737

533,455

Net current assets

882,911

1,058,339

Total assets less current liabilities

1,445,091

1,615,712

Creditors

Amounts falling due after more than one year

8

-

(36,512

)

Provisions for liabilities

(25,210

)

(18,498

)

Net assets

1,419,881

1,560,702

Capital and reserves

Called up share capital

10

100

100

Retained earnings

1,419,781

1,560,602

Shareholders' funds

1,419,881

1,560,702

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 29 September 2025 and were signed on its behalf by:

Mr D Cope - Director

1.	STATUTORY INFORMATION

Excitation & Engineering Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 net invoiced goods and services, excluding value added tax.

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.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

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

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on cost, 25% on reducing balance and 10% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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

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 20 (2023 - 17 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

20,783

Additions

11,565

At 31 December 2024

32,348

AMORTISATION

At 1 January 2024

20,575

Charge for year

4,062

At 31 December 2024

24,637

NET BOOK VALUE

At 31 December 2024

7,711

At 31 December 2023

208

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

397,881

390,074

787,955

Additions

-

41,849

41,849

At 31 December 2024

397,881

431,923

829,804

DEPRECIATION

At 1 January 2024

18,899

211,891

230,790

Charge for year

6,032

38,513

44,545

At 31 December 2024

24,931

250,404

275,335

NET BOOK VALUE

At 31 December 2024

372,950

181,519

554,469

At 31 December 2023

378,982

178,183

557,165

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

329,903

991,932

Other debtors

47,046

43,303

376,949

1,035,235

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

-

9,428

Trade creditors

70,547

245,571

Taxation and social security

227,407

207,541

Other creditors

64,783

70,915

362,737

533,455

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

-

36,512

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

-

45,940

10.	CALLED UP SHARE CAPITAL

Alloted, issued and fully paid:

2024

2023

£

£

Ordinary A shares

45

45

Ordinary B shares

15

15

Ordinary D shares

20

20

Ordinary E shares

20

20

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £293,203 (2023 - £282,817) were paid to the directors .

12.	ULTIMATE CONTROLLING PARTY

On 18 November 2024, the entire share capital of the company was acquired by Epsilon Engineering Group Limited.

From this date, the directors consider Epsilon Engineering Group Limited to be the company's controlling party. Epsilon Engineering Group Limited is registered in England and its registered office is 1 Amber Business Village, Amber Close, Amington, Tamworth, Staffordshire, B77 4RP.