REGISTERED NUMBER: 07131073 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ELECTRICAL & MECHANICAL SOLUTIONS

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D M Matthews

REGISTERED OFFICE:

61 Queen Square

Bristol

BS1 4JZ

REGISTERED NUMBER:

07131073 (England and Wales)

ACCOUNTANTS:

Burnside

Chartered Accountants

61 Queen Square

Bristol

BS1 4JZ

FIXED ASSETS

Tangible assets

4

-

33,102

Investments

5

320,001

320,001

320,001

353,103

CURRENT ASSETS

Debtors

6

1,107,336

1,106,142

Cash at bank

43,036

7,509

1,150,372

1,113,651

CREDITORS

Amounts falling due within one year

7

700,303

531,413

NET CURRENT ASSETS

450,069

582,238

TOTAL ASSETS LESS CURRENT LIABILITIES

770,070

935,341

CREDITORS

Amounts falling due after more than one year

8

61,424

150,984

NET ASSETS

708,646

784,357

CAPITAL AND RESERVES

Called up share capital

12

1,000

1,000

Retained earnings

707,646

783,357

SHAREHOLDERS' FUNDS

708,646

784,357

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 director acknowledges his 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 director and authorised for issue on 31 December 2025 and were signed by:

D M Matthews - Director

1.	STATUTORY INFORMATION

Electrical & Mechanical 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.

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.

The financial statements contain information about Electrical & Mechanical Solutions Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover

Turnover represents the value of services provided during the year, net of value added tax.

In respect of contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced.

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Financial instruments

Financial assets and liabilities are recognised in the balance sheet when the company becomes party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and are measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of any direct issue costs.

Interest bearing bank loans, overdrafts and other loans which meet the criteria of basic financial instruments are initially recorded at the present value of cash payable to the bank, usually being equivalent to the proceeds received net of direct issue costs. These liabilities are subsequently measured at amortised cost, using the effective interest rate method.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme for employees. Contributions payable to the company's pension scheme are charged to the statement of comprehensive income as they become payable in accordance with the rules of the scheme. Differences between contributions payable in the year and those actually paid are shown as either accruals or prepayments in the balance sheet.

Investments

Fixed and current asset investments are stated at cost, less provisions for impairment.

Going concern

The director considers that the company has sufficient working capital and facilities in place to meet all of its liabilities as they fall due for the foreseeable future, and has further indicated that he is willing to continue to provide financial support for the company to the extent that funds are required. The director therefore continues to adopt the going concern basis of accounting in preparing these financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 January 2024

3,072

56,044

59,116

Disposals

-

(56,044

)

(56,044

)

At 31 December 2024

3,072

-

3,072

DEPRECIATION

At 1 January 2024

3,072

22,942

26,014

Charge for year

-

8,666

8,666

Eliminated on disposal

-

(31,608

)

(31,608

)

At 31 December 2024

3,072

-

3,072

NET BOOK VALUE

At 31 December 2024

-

-

-

At 31 December 2023

-

33,102

33,102

5.	FIXED ASSET INVESTMENTS

2024

2023

£

£

Shares in group undertakings

1

1

Other loans

320,000

320,000

320,001

320,001

Additional information is as follows:

Shares in

group

under-

takings

£

COST

At 1 January 2024

and 31 December 2024

1

NET BOOK VALUE

At 31 December 2024

1

At 31 December 2023

1

Other

loans

£

At 1 January 2024

and 31 December 2024

320,000

The company owns 100% of the entire issued share capital of St. Mary's Bay Developments Limited, a company registered in England and Wales

The capital and reserves of St. Mary's Bay Developments Limited at 31 October 2024 were a deficit of £ (11,748) 2023 - £9,724). The company made a loss for the year then ended of £2,024 (2023 - £499).

At 31 December 2024 the company had provided cumulative investment loans totalling £705,000 to unconnected companies. The company does not hold any equity interest in these companies. At 31 December 2024 the company has provided against the carrying value of the loans by £385,000 (2023 - £385,000), based on the director's assessment of the likely recoverability of the loans using information currently available.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,099

12,253

Amounts owed by group undertakings

2,678

3,682

Other debtors

1,061,935

1,061,935

Corporation tax recoverable

13

-

VAT

-

1,164

Deferred tax asset

23,227

3,599

Prepayments and accrued income

18,384

23,509

1,107,336

1,106,142

Deferred tax asset

2024

2023

£

£

Accelerated capital allowances

-

3,555

Tax losses carried forward

23,192

-

Other timing differences

35

44

23,227

3,599

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 9)

10,354

10,098

Hire purchase contracts

-

6,113

Trade creditors

12,379

20,026

Corporation tax

-

3,514

Social security and other taxes

2,008

2,968

VAT

24,537

-

Other creditors

527,685

450,261

Directors' current accounts

89,540

13,583

Accruals and deferred income

33,800

24,850

700,303

531,413

Loans totalling £381,796 (2023 - £545,747) are included within Other creditors and include £55,264 (2023 - £110,528) due after more than one year. These are due to The Damar Executive Pension Fund, of which the company is the principal employer, and are secured on the shares of the company. The loans carry interest at 3.75% above the Bank of England base rate and each is normally repayable in equal annual instalments over a 5 year term, though repayments were deferred during the pandemic.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans (see note 9)

6,160

16,514

Hire purchase contracts

-

23,942

Other creditors

55,264

110,528

61,424

150,984

9.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Bank loans

10,354

10,098

Amounts falling due between one and two years:

Bank loans - 1-2 years

6,160

10,354

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

6,160

10.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

16,514

26,612

Hire purchase contracts

-

30,055

Loans from pension fund

381,796

545,747

398,310

602,414

The bank loan and overdraft are secured by fixed and floating charges over the company's property and assets. Further details of the security given for pension fund loans are included in note 10 to the financial statements.

11.	DEFERRED TAX

£

Balance at 1 January 2024

(3,599

)

Credit to Income Statement during year

(19,628

)

Balance at 31 December 2024

(23,227

)

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,000

Ordinary

£1

1,000

1,000

13.	RELATED PARTY DISCLOSURES

On 3 February 2012, the company became the principal employer for The Damar Executive Pension Fund, whose beneficiaries are the director, D M Matthews, and M P Matthews. The company received no loans (2023 - £Nil) from the Damar Executive Pension Fund during the year. A total of £181,640 was repaid in the year (2023 - £Nil). Interest totalling £17,736 (2023 - £20,328) was incurred by the company on these loans during the year. At 31 December 2024 a balance of £381,796 remains outstanding (2023 - £545,747), which is included within Other creditors, of which £55,264 (2023 - £110,528) is due after more than one year.

At 31 December 2024 the company was owed a total of £432,750 (2023 - £991,832) by Willpower South West Limited, a company related by common shareholding. No interest is charged on this balance, which is unsecured.

During the year ended 31 December 2024 various operational costs of the subsidiary company St Mary's Bay Developments Limited were paid by the company, totalling £434 (2023 - £421). At 31 December 2024 the company was owed £13,837 (2023 - £13,323) by St Mary's Bay Developments Limited. A provision of £9,641 has been made against this loan at 31 December 2024 (2023 - £9,641).

At 31 December 2024 the company owed D M Matthews, the director, £89,540 (2023 - £13,583).

At 31 December 2024 the company owed £199,979 (2023 - £13,583) to M P Matthews, who jointly controls the company.