REGISTERED NUMBER: NI063024 (Northern Ireland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

FOR

ELECTRICAL MACHINE SERVICES LTD

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

Mrs A McKeen

W A McKeen

SECRETARY:

Mrs A McKeen

REGISTERED OFFICE:

3 Ballynure Road

Ballyclare

Antrim

Co. Antrim

BT39 9AG

REGISTERED NUMBER:

NI063024 (Northern Ireland)

ACCOUNTANTS:

Baker Tilly Mooney Moore

17 Clarendon Road

Belfast

BT1 3BG

BANKERS:

Danske Bank

Donegall Square West

Belfast

BT1 6JS

FIXED ASSETS

Tangible assets

4

1,321,873

1,244,953

CURRENT ASSETS

Debtors

5

42,695

-

Cash at bank

6,523

5,601

49,218

5,601

CREDITORS

Amounts falling due within one year

6

1,300,511

1,059,223

NET CURRENT LIABILITIES

(1,251,293

)

(1,053,622

)

TOTAL ASSETS LESS CURRENT LIABILITIES

70,580

191,331

CREDITORS

Amounts falling due after more than one year

7

284,505

317,959

NET LIABILITIES

(213,925

)

(126,628

)

CAPITAL AND RESERVES

Called up share capital

1,280

1,280

Share premium

21,720

21,720

Retained earnings

(236,925

)

(149,628

)

(213,925

)

(126,628

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 22 April 2026 and were signed on its behalf by:

W A McKeen - Director

1.	STATUTORY INFORMATION

Electrical Machine Services Ltd is a private company, limited by shares , registered in Northern Ireland. 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.

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. At the year end the company had net liabilities of £213,925 (2024: £126,628). The continued operation of the company depends on the continued support of a related party, E.M.S (Ireland) Ltd, a company incorporated in Northern Ireland.

Having considered the matters noted above, it is the opinion of the director that it is appropriate for the financial statements to be prepared on the going concern basis. The financial statements do not include any adjustments that would result if the above support was withdrawn.

Significant judgements and estimates

In preparing these financial statements the directors consider there to be no significant judgements and estimates involved.

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.

Fixtures, fittings & equipment

-

20% on cost

Motor vehicles

-

at varying rates on cost

Financial instruments

All financial instruments of the company are considered to meet the definition of basic financial instruments.

- Short term debtors and creditors

Debtors and creditors with no stated interest rate and are receivable or payable on demand are recognised at transaction price, and subject to annual impairment reviews. Any losses arising on impairment are recognised in the profit and loss account.

- Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand.

- Loans and borrowings

All loans and borrowings are initially recorded at the present value of cash payable to the lender in settlement of the liability discounted at the market interest rate. Subsequently loans and borrowings are stated at amortised cost using the effective interest rate method. The computation of amortised cost includes any issue costs, transaction costs and fees, and any discount or premium on settlement, and the effect of this is to amortise these amounts over the expected borrowing period. Loans with no stated interest rate and repayable within one period or on demand are not amortised. Loans and borrowings are classified as current liabilities unless the borrower has an unconditional right to defer settlement of the liability for at least 12 months after the financial period end date.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 August 2024

332,239

957,136

1,289,375

Additions

-

82,500

82,500

Disposals

-

(15,933

)

(15,933

)

At 31 July 2025

332,239

1,023,703

1,355,942

DEPRECIATION

At 1 August 2024

26,772

17,650

44,422

Charge for year

6,645

-

6,645

Eliminated on disposal

-

(16,998

)

(16,998

)

At 31 July 2025

33,417

652

34,069

NET BOOK VALUE

At 31 July 2025

298,822

1,023,051

1,321,873

At 31 July 2024

305,467

939,486

1,244,953

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

Plant and

machinery

etc

£

COST

At 1 August 2024

and 31 July 2025

527,990

NET BOOK VALUE

At 31 July 2025

527,990

At 31 July 2024

527,990

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Other debtors

42,695

-

Included in other debtors is an amount of £31,437 owed to the company by a director. The amount is interest free, unsecured and repayable on demand.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans and overdrafts

10,333

10,077

Hire purchase contracts

21,805

26,180

Amounts owed to group undertakings

1,261,374

1,016,966

Other creditors

6,999

6,000

1,300,511

1,059,223

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans

7,033

17,366

Hire purchase contracts

277,472

300,593

284,505

317,959

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.25

31.7.24

£

£

Hire purchase contracts

299,277

326,773

Hire purchase agreements are secured against the assets to which they relate.