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Company No: 01711239 (England and Wales)

# EAST COKER ENGINEERING CO LIMITED

### Unaudited Financial Statements
For the financial year ended 30 April 2025
Pages for filing with the registrar

EAST COKER ENGINEERING CO LIMITED

## Unaudited Financial Statements

For the financial year ended 30 April 2025

Contents

EAST COKER ENGINEERING CO LIMITED

## BALANCE SHEET

As at 30 April 2025
EAST COKER ENGINEERING CO LIMITED

## BALANCE SHEET (continued)

As at 30 April 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 10,700 |  | 11,900
Tangible assets | 4 | 215,380 |  | 246,432
|  | 226,080 |  | 258,332
Current assets |  |  |  |
Stocks | 5 | 339,732 |  | 270,613
Debtors | 6 | 460,606 |  | 216,092
Cash at bank and in hand |  | 327,956 |  | 196,352
|  | 1,128,294 |  | 683,057
Creditors: amounts falling due within one year | 7 | ( 325,566) |  | ( 151,448)
Net current assets |  | 802,728 |  | 531,609
Total assets less current liabilities |  | 1,028,808 |  | 789,941
Creditors: amounts falling due after more than one year | 8 | ( 50,895) |  | ( 75,079)
Provision for liabilities |  | ( 53,621) |  | ( 61,355)
Net assets |  | 924,292 |  | 653,507
Capital and reserves |  |  |  |
Called-up share capital |  | 10,000 |  | 10,000
Profit and loss account |  | 914,292 |  | 643,507
Total shareholder's funds |  | 924,292 |  | 653,507

For the financial year ending 30 April 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of East Coker Engineering Co Limited (registered number: 01711239) were approved and authorised for issue by the Board of Directors on 12 December 2025. They were signed on its behalf by:

D J Montacute Director |  | J I Montacute Director

EAST COKER ENGINEERING CO LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025
EAST COKER ENGINEERING CO LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

East Coker Engineering Co Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Westminster Engineering, East Coker Sawmills, Halves Lane, East Coker, Yeovil, BA22 9JJ, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for precision engineering services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards of services are considered to have been transferred to the customer.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill | 10 years straight line

###### Goodwill

Goodwill arises on business combinations and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery | 15 % reducing balance
| 5 years straight line
Vehicles | 25 % reducing balance
Fixtures and fittings | 15 % reducing balance
Office equipment | 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where applicable.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 14 |  | 14

#### 3. Intangible assets

| Goodwill |  | Total
| £ |  | £
Cost |  |  |
At 01 May 2024 | 12,000 |  | 12,000
At 30 April 2025 | 12,000 |  | 12,000
Accumulated amortisation |  |  |
At 01 May 2024 | 100 |  | 100
Charge for the financial year | 1,200 |  | 1,200
At 30 April 2025 | 1,300 |  | 1,300
Net book value |  |  |
At 30 April 2025 | 10,700 |  | 10,700
At 30 April 2024 | 11,900 |  | 11,900

#### 4. Tangible assets

| Plant and machinery |  | Vehicles |  | Fixtures and fittings |  | Office equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |
At 01 May 2024 | 1,002,820 |  | 2,596 |  | 69,723 |  | 0 |  | 1,075,139
Additions | 2,147 |  | 0 |  | 3,728 |  | 991 |  | 6,866
At 30 April 2025 | 1,004,967 |  | 2,596 |  | 73,451 |  | 991 |  | 1,082,005
Accumulated depreciation |  |  |  |  |  |  |  |  |
At 01 May 2024 | 770,620 |  | 851 |  | 57,236 |  | 0 |  | 828,707
Charge for the financial year | 34,983 |  | 437 |  | 2,432 |  | 66 |  | 37,918
At 30 April 2025 | 805,603 |  | 1,288 |  | 59,668 |  | 66 |  | 866,625
Net book value |  |  |  |  |  |  |  |  |
At 30 April 2025 | 199,364 |  | 1,308 |  | 13,783 |  | 925 |  | 215,380
At 30 April 2024 | 232,200 |  | 1,745 |  | 12,487 |  | 0 |  | 246,432

#### 5. Stocks

| 2025 |  | 2024
| £ |  | £
Stocks | 106,508 |  | 86,769
Work in progress | 233,224 |  | 183,844
| 339,732 |  | 270,613

#### 6. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 211,180 |  | 207,978
Amounts owed by Parent undertakings | 229,746 |  | 0
Amounts owed by directors | 13,649 |  | 2,748
Prepayments | 1,365 |  | 700
Other debtors | 4,666 |  | 4,666
| 460,606 |  | 216,092

#### 7. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 10,000 |  | 10,000
Trade creditors | 112,890 |  | 39,478
Accruals | 3,214 |  | 3,076
Taxation and social security | 182,819 |  | 62,305
Obligations under finance leases and hire purchase contracts | 13,954 |  | 34,261
Other creditors | 2,689 |  | 2,328
| 325,566 |  | 151,448

#### 8. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 2,271 |  | 12,500
Obligations under finance leases and hire purchase contracts (secured) | 48,624 |  | 62,579
| 50,895 |  | 75,079

The hire purchase liability is secured on underlying assets which are included within plant and machinery. The net book value of the relevant assets at the balance sheet date is £91,460 (2024 - £107,600).
Bank loans consists of a balance of £12,271 (2024 - £22,500) relating to an outstanding amount due from a Coronavirus Bounce Back Loan. The UK government have guaranteed 100% of the value of the loan as well as paying interest and fees for the first 12 months.

#### 9. Related party transactions

Transactions with the entity's directors

Advances

The Director's and Shareholder's loan account is repayable on demand and interest is charged on overdrawn balances exceeding £10,000 per director at the official HMRC rates.
At 1 May 2024 the balance owed from the directors and shareholders was £2,748. During the year, the company made advances to directors and shareholders amounting to £56,177 and received repayments of £45,276 leaving a balance due from the directors and shareholders of £13,649.
At 1 May 2023 the balance owed from the directors and shareholders was £2,748. During the year, the company made advances to directors and shareholders amounting to £31,200 and received repayments of £31,200 leaving a balance due from the directors and shareholders of £2,748.

#### 10. Ultimate controlling party

Parent Company:

Montacute Holdings Limited
Westminster Engineering East Coker Sawmills, Halves Lane, East Coker, Yeovil, Somerset, United Kingdom, BA22 9JJ