Company No: 07163362 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	29,901		37,133
Investments	5	865		0
		30,766		37,133
Current assets
Debtors	6	684,073		785,179
Cash at bank and in hand		959,838		447,332
		1,643,911		1,232,511
Creditors: amounts falling due within one year	7	( 456,955)		( 325,256)
Net current assets		1,186,956		907,255
Total assets less current liabilities		1,217,722		944,388
Creditors: amounts falling due after more than one year	8	0		( 8,774)
Provision for liabilities		( 6,240)		( 9,283)
Net assets		1,211,482		926,331
Capital and reserves
Called-up share capital	9	100		100
Profit and loss account		1,211,382		926,231
Total shareholders' funds		1,211,482		926,331

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.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Empire Engineering Limited (registered number: 07163362) were approved and authorised for issue by the Director on 20 April 2026. They were signed on its behalf by:

K R Davis Director

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

Empire Engineering 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 Dean House 94 Whiteladies Road, Clifton, Bristol, BS8 2QX, 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 £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.

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.

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 average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

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:

Other intangible assets

4 - 5 years straight line

Research and development

Research expenditure is written off as incurred. Development expenditure is also written off, except where the director is satisfied as to the technical, commercial and financial viability of individual projects. In such cases, the identifiable expenditure is capitalised as an intangible asset and amortised over the period during which the Company is expected to benefit. This period is between three and five years. Provision is made for any impairment.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. 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 basis over its expected useful life, as follows:

Fixtures and fittings	4 years straight line
Computer equipment	4 years straight line

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.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at cost less impairment.

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.

Government grants

Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.

Government grants in relation to covid assistance are credited to profit and loss using the accrual model and are included in Other operating income.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	20		13

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 August 2024	22,765		22,765
Disposals	( 12,645)		( 12,645)
At 31 July 2025	10,120		10,120
Accumulated amortisation
At 01 August 2024	22,765		22,765
Disposals	( 12,645)		( 12,645)
At 31 July 2025	10,120		10,120
Net book value
At 31 July 2025	0		0
At 31 July 2024	0		0

4. Tangible assets

	Fixtures and fittings		Computer equipment		Total
	£		£		£
Cost
At 01 August 2024	6,614		97,381		103,995
Additions	0		14,556		14,556
Disposals	0		( 18,002)		( 18,002)
At 31 July 2025	6,614		93,935		100,549
Accumulated depreciation
At 01 August 2024	4,126		62,736		66,862
Charge for the financial year	829		18,376		19,205
Disposals	0		( 15,419)		( 15,419)
At 31 July 2025	4,955		65,693		70,648
Net book value
At 31 July 2025	1,659		28,242		29,901
At 31 July 2024	2,488		34,645		37,133

5. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 August 2024	0
Additions	865
At 31 July 2025	865
Carrying value at 31 July 2025	865
Carrying value at 31 July 2024	0

6. Debtors

	2025		2024
	£		£
Trade debtors	296,730		539,341
Amounts owed by own subsidiaries	290,595		210,769
Amounts owed by connected companies	48,600		23,000
Prepayments	35,729		9,319
Other debtors	12,419		2,750
	684,073		785,179

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	8,778		10,289
Trade creditors	49,759		315
Amounts owed to director	216		216
Accruals	5,000		4,250
Corporation tax	175,035		141,002
Other taxation and social security	201,861		154,493
Other creditors	16,306		14,691
	456,955		325,256

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

	2025		2024
	£		£
Bank loans	0		8,774

In May 2020 the company obtained a loan from it's bankers under the Coronavirus Business Interruption Loan scheme for £50,000 with interest charged at a fixed rate of 2.5%.

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100,000 Ordinary shares of £ 0.001 each	100		100

10. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2025		2024
	£		£
within one year	21,793		21,793
between one and five years	32,689		65,379
Total future minimum lease payments under non-cancellable operating leases	54,482		87,172

11. Related party transactions

At the year-end the company was owed £25,000 by a company under common control. This loan is interest free and repayable on demand.

At the year-end the company was owed £13,000 by another company under common control. This loan is interest free and repayable on demand.