Company No: 09461105 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	179,700		139,862
		179,700		139,862
Current assets
Debtors
- due within one year	4	3,974,557		3,849,684
- due after more than one year	4	883,839		603,891
Cash at bank and in hand		506,217		1,044,306
		5,364,613		5,497,881
Creditors: amounts falling due within one year	5	( 537,909)		( 810,681)
Net current assets		4,826,704		4,687,200
Total assets less current liabilities		5,006,404		4,827,062
Creditors: amounts falling due after more than one year	6	( 552,002)		( 603,891)
Provision for liabilities	7	( 412,532)		( 59,460)
Net assets		4,041,870		4,163,711
Capital and reserves
Called-up share capital		1		1
Profit and loss account		4,041,869		4,163,710
Total shareholder's funds		4,041,870		4,163,711

For the financial year ending 31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Eastern Power Systems Limited (registered number: 09461105) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

Mr M Allison Director

14 May 2026

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

Eastern Power Systems 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 Larking Gowen Summerhill House, 1 Sculthorpe Road, Fakenham, NR21 9HA, United Kingdom. The principal place of business is Hill Farm, Watton Road, Norwich, NR9 4AR.

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 £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and 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 are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

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 Statement of Financial Position 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 current tax rates and laws. 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.

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 or reducing balance basis over its expected useful life, as follows:

Vehicles	25 % reducing balance
Fixtures and fittings	3 years straight line
	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.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

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.

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.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	31		32

3. Tangible assets

	Vehicles		Fixtures and fittings		Total
	£		£		£
Cost
At 01 September 2024	386,269		126,111		512,380
Additions	100,246		0		100,246
Disposals	( 19,500)		0		( 19,500)
At 31 August 2025	467,015		126,111		593,126
Accumulated depreciation
At 01 September 2024	299,374		73,144		372,518
Charge for the financial year	39,602		12,922		52,524
Disposals	( 11,616)		0		( 11,616)
At 31 August 2025	327,360		86,066		413,426
Net book value
At 31 August 2025	139,655		40,045		179,700
At 31 August 2024	86,895		52,967		139,862

4. Debtors

	2025		2024
	£		£
Debtors: amounts falling due within one year
Trade debtors	1,073,239		1,773,518
Amounts owed by Parent undertakings	1,021,825		1,214,705
Amounts owed by connected companies	234,742		221,578
Amounts owed by directors	983,221		0
Prepayments and accrued income	279,607		356,878
Other debtors	381,923		283,005
	3,974,557		3,849,684
Debtors: amounts falling due after more than one year
Amounts owed by Parent undertakings	552,002		603,891
Other debtors	331,837		0
	883,839		603,891

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans (secured)	51,888		50,012
Trade creditors	194,662		460,880
Accruals	28,881		26,708
Corporation tax	96,845		167,247
Other taxation and social security	149,172		92,174
Other creditors	16,461		13,660
	537,909		810,681

Bank loans are secured on the assets of the company and it's parent company.

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

	2025		2024
	£		£
Bank loans (secured)	552,002		603,891

Bank loans are secured on the assets of the company and it's parent company.

7. Provision for liabilities

	2025		2024
	£		£
Deferred tax	43,532		34,460
Other provisions	369,000		25,000
	412,532		59,460

	Deferred taxation		Other		Total
	£		£		£
At 01 September 2024	34,460		25,000		59,460
Charged to the Statement of Income and Retained Earnings	9,072		344,000		353,072
At 31 August 2025	43,532		369,000		412,532

Deferred tax

	2025		2024
	£		£
Accelerated capital allowances	44,104		34,531
Other timing differences	( 572)		( 71)
Provision for deferred tax	43,532		34,460

8. Financial commitments

Commitments

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

	2025		2024
	£		£
Unpaid contributions due to the fund (inc. in other creditors)	5,063		285

9. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Owed from the Directors	983,221		0

At the year end, the above balance was owed to the Company from Directors in respect of interest free unsecured loans. This amount is deemed repayable on demand.

The company has a loan account with a company under the control of the directors. Various sums have been expended by the other company on behalf of Eastern Power Systems Limited. At 31 August 2025 Eastern Power Systems Limited owed £234,742 (2024: £221,578) to the other company. This amount is repayable on demand and no interest is charged.

The company has taken advantage of the exemption under 33.1A, allowing wholly owned group members to depart from the requirements to disclose transactions with other group companies.