REGISTERED NUMBER: 01778162 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1ST JANUARY 2024 TO 31ST MARCH 2025

FOR

ADVANCED ELECTRICAL SYSTEMS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R M Pakeman

R J Pakeman

REGISTERED OFFICE:

The Old Forge

Badswell Lane

Appleton

Oxford

Oxfordshire

OX13 5JN

REGISTERED NUMBER:

01778162 (England and Wales)

ACCOUNTANTS:

J A Muncey FCCA

31 Astrop Road

Middleton Cheney

Banbury

Oxfordshire

OX17 2PQ

FIXED ASSETS

Tangible assets

5

299,602

300,298

CURRENT ASSETS

Stocks

4,998

10,050

Debtors

6

412,140

248,478

Cash at bank

127,868

198,266

545,006

456,794

CREDITORS

Amounts falling due within one year

7

141,372

98,171

NET CURRENT ASSETS

403,634

358,623

TOTAL ASSETS LESS CURRENT LIABILITIES

703,236

658,921

CREDITORS

Amounts falling due after more than one year

8

(58,966

)

(36,500

)

PROVISIONS FOR LIABILITIES

(56,924

)

(55,110

)

NET ASSETS

587,346

567,311

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

587,246

567,211

SHAREHOLDERS' FUNDS

587,346

567,311

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st 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 16th December 2025 and were signed on its behalf by:

R M Pakeman - Director

1.	STATUTORY INFORMATION

Advanced Electrical Systems 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.

With effect from 1st September 2023 the company is a wholly owned subsidiary of CER Holdings Limited (Company number 14914684). The group is not required to file consolidated financial statements.

The company extended the year end from 31st December 2024 to 31st March 2025 to simplify reporting within the group, hence certain comparatives shown for the year ended 31st December 2023 are not entirely comparable.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

The preparation of financial statements requires the use of certain accounting estimates. It also requires management to exercise its judgement in applying accounting policies. Where a higher level of judgement or areas where assumptions and estimates are significant to the financial statements they are disclosed in the accounting policies set out below. They are continually evaluated taking into account historic experience and assessment of future events.

Turnover

Turnover is measured at the fair value of income receivable, excluding value added tax. Income is recognised when it is probable that an economic benefit will flow to the company and the income and related costs can be reliably measured. For contracts extending over more than one accounting period the revenue is recognised when the stage of completion can be reliably measured or certified at agreed stages of completion.Retentions due are included to the extent that it is reasonably certain that they will be received at the end of the retention period.

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 etc

-

20% on reducing balance, 20% on cost and 15% on reducing balance

Stocks

Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. The cost of work in progress is comprised of the cost of materials, direct labour and other direct costs incurred but not invoiced at the balance sheet date, taking into account the degree of completion .

Taxation

Taxation for the period 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 period 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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 17 (2023 - 18 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st January 2024

77,826

511,236

589,062

Additions

-

157,201

157,201

Disposals

(77,826

)

(120,291

)

(198,117

)

At 31st March 2025

-

548,146

548,146

DEPRECIATION

At 1st January 2024

77,826

210,938

288,764

Charge for period

-

91,197

91,197

Eliminated on disposal

(77,826

)

(53,591

)

(131,417

)

At 31st March 2025

-

248,544

248,544

NET BOOK VALUE

At 31st March 2025

-

299,602

299,602

At 31st December 2023

-

300,298

300,298

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1st January 2024

48,290

Additions

42,721

At 31st March 2025

91,011

DEPRECIATION

At 1st January 2024

9,658

Charge for period

2,372

At 31st March 2025

12,030

NET BOOK VALUE

At 31st March 2025

78,981

At 31st December 2023

38,632

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

£

Trade debtors

150,666

220,273

Amounts owed by group undertakings

229,538

14,867

Other debtors

31,936

13,338

412,140

248,478

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

£

Hire purchase contracts (see note 9)

7,918

6,791

Trade creditors

75,875

66,276

Taxation and social security

24,991

17,032

Other creditors

32,588

8,072

141,372

98,171

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2023

£

£

Hire purchase contracts (see note 9)

58,966

36,500

9.	LEASING AGREEMENTS

Hire purchase agreements. Gross payments due at the period end amounted to £72,455 including interest of £5,571.

Land and Buildings

The company has entered into a non cancellable lease agreement for the rental of premises.

Non-cancellable

operating leases

2025

2023

£

£

Between one and five years

75,850

103,600

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is CER Holdings Limited.