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Registration number: 13537471

High Voltage Power Systems Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 July 2025

High Voltage Power Systems Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 12

High Voltage Power Systems Limited

Company Information

Directors | Mr J Lake Mr D Glew Mr M Nunn

Registered office | C2 Cirrus Court Aviation Park Bournemouth International Airport Christchurch Dorset BH23 6BW

Accountants | Harney & Co Limited Chartered Certified Accountants58 Kinson Road Bournemouth Dorset BH10 4AN

High Voltage Power Systems Limited

(Registration number: 13537471)
Balance Sheet as at 31 July 2025

| Note | 2025 £ | 2024 £
Non-current assets |  |  |
Tangible assets | 4 | 241,542 | 259,242
Current assets |  |  |
Trade and other receivables | 5 | 126,634 | 161,606
Cash at bank and in hand |  | 525,326 | 130,363
|  | 651,960 | 291,969
Current liabilities: Amounts falling due within one year | 6 | (341,060) | (184,947)
Net current assets |  | 310,900 | 107,022
Total assets less current liabilities |  | 552,442 | 366,264
Provisions for liabilities |  | (60,385) | (61,015)
Net assets |  | 492,057 | 305,249
Capital and reserves |  |  |
Called up share capital | 7 | 180 | 180
Retained earnings |  | 491,877 | 305,069
Shareholders' funds |  | 492,057 | 305,249

High Voltage Power Systems Limited

(Registration number: 13537471)
Balance Sheet as at 31 July 2025 (continued)

For the financial year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 January 2026 and signed on its behalf by:

......................................... Mr J Lake Director
......................................... Mr D Glew Director
......................................... Mr M Nunn Director

High Voltage Power Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
C2 Cirrus Court
Aviation Park
Bournemouth International Airport
Christchurch
Dorset
BH23 6BW

These financial statements were authorised for issue by the Board on 26 January 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the company and rounded to the nearest £1.

Going concern

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

High Voltage Power Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

2 | Accounting policies (continued)

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and Machinery | 25% Reducing Balance
Furniture and Fixtures | 25% Reducing Balance
Motor Vehicles | 25% Reducing Balance
Office Equipment | 4 Year Straight Line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

High Voltage Power Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

2 | Accounting policies (continued)

Trade receivables

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade payables

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. 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.
Trade payables are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

High Voltage Power Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

2 | Accounting policies (continued)

Financial instruments

The company has basic financial instruments which are classified, measured and accounted for according to the substance of the contractual arrangement, as financial assets or financial liabilities. The company has not entered into any complex financial instruments.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2024 - 5).

High Voltage Power Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

4 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Other tangible assets £ | Total £
Cost or valuation
At 1 August 2024 | 30,146 | 189,798 | 113,211 | 333,155
Additions | 5,686 | 48,274 | 38,117 | 92,077
Disposals | (624) | (41,515) | (14,021) | (56,160)
At 31 July 2025 | 35,208 | 196,557 | 137,307 | 369,072
Depreciation
At 1 August 2024 | 7,057 | 32,652 | 34,204 | 73,913
Charge for the year | 7,613 | 32,299 | 23,605 | 63,517
Eliminated on disposal | (164) | (2,549) | (7,187) | (9,900)
At 31 July 2025 | 14,506 | 62,402 | 50,622 | 127,530
Carrying amount
At 31 July 2025 | 20,702 | 134,155 | 86,685 | 241,542
At 31 July 2024 | 23,089 | 157,146 | 79,007 | 259,242

5 | Trade and other receivables

Current | 2025 £ | 2024 £
Trade receivables | 92,609 | 113,029
Prepayments | 21,852 | 19,241
Other trade and other receivables | 12,173 | 29,336
| 126,634 | 161,606

6 | Current liabilities

Current liabilities: amounts falling due within one year

High Voltage Power Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

6 | Current liabilities (continued)

| 2025 £ | 2024 £
Due within one year |  |
Trade payables | 60,877 | 71,574
Taxation and social security | 176,488 | 49,941
Accruals and deferred income | 44,205 | 6,980
Other creditors | 59,490 | 56,452
| 341,060 | 184,947

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary A shares of £1 each | 150 | 150 | 150 | 150
Ordinary B shares of £1 each | 10 | 10 | 10 | 10
Ordinary C shares of £1 each | 10 | 10 | 10 | 10
Ordinary D shares of £1 each | 10 | 10 | 10 | 10
| 180 | 180 | 180 | 180

8 | Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

| 2025 £ | 2024 £
Not later than one year | 9,301 | 16,344
Later than one year and not later than five years | - | 9,301
| 9,301 | 25,645

The amount of non-cancellable operating lease payments recognised as an expense during the year was £17,500 (2024 - £15,449).

High Voltage Power Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

9 | Dividends

Interim dividends paid

|  | 2025 £ |  | 2024 £
Interim dividend of £6,800.00 (2024 - £4,800.00) per each Ordinary B shares |  | 68,000 |  | 48,000
Interim dividend of £8,000.00 (2024 - £6,000.00) per each Ordinary C shares |  | 80,000 |  | 60,000
Interim dividend of £8,740.00 (2024 - £6,180.00) per each Ordinary D shares |  | 87,400 |  | 61,800
|  | 235,400 |  | 169,800

10 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £9,301 (2024 - £25,645).

11 | Related party transactions

High Voltage Power Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

11 | Related party transactions (continued)

Transactions with directors

2025 | At 1 August 2024 £ | Advances to director £ | At 31 July 2025 £
Mr J Lake
| - | 5,754 | 5,754

High Voltage Power Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

11 | Related party transactions (continued)

Directors' remuneration

The directors' remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 37,710 | 37,709
Contributions paid to money purchase schemes | 267,000 | 150,000
| 304,710 | 187,709

Loans to related parties

2025 | Key management £ | Total £
Advanced | 5,754 | 5,754
At end of period | 5,754 | 5,754

Loans from related parties

2025 | Key management £ | Total £
At start of period | 34,060 | 34,060
Repaid | (17,936) | (17,936)
At end of period | 16,124 | 16,124

2024 | Key management £ | Total £
At start of period | 12,798 | 12,798
Advanced | 21,262 | 21,262
At end of period | 34,060 | 34,060

Terms of loans from related parties

Loans owed to directors are included in other creditors due within 1 year. The loans are interest free and repayable on demand.