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Company registration number:
06027507
Mectric Solutions Ltd
Unaudited Filleted Financial Statements for the year ended
31 December 2025
BRIAN PAUL LIMITED
Chartered Accountants
159a Chase Side, Enfield, Middlesex, EN2 0PW, United Kingdom
Mectric Solutions Ltd
Statement of Financial Position
31 December 2025

|  | 2025 | 2024
--- | --- | --- | ---
| Note | £ | £
Fixed assets |  |  |  |  |
Tangible assets | 5 | 79,311 |  | 94,679 |
Current assets |  |  |  |  |
Debtors | 6 | 4,405,357 |  | 1,781,900 |
Cash at bank and in hand |  | 404,950 |  | 1,532,020 |
|  | 4,810,307 |  | 3,313,920 |
Creditors: amounts falling due within one year | 7 | (3,319,447 | ) | (2,706,129 | )
Net current assets |  | 1,490,860 |  | 607,791 |
Total assets less current liabilities |  | 1,570,171 |  | 702,470 |
Creditors: amounts falling due after more than one year | 8 | (108,388 | ) | (208,366 | )
Provisions for liabilities |  | (15,070 | ) | (17,989 | )
Net assets |  | 1,446,713 |  | 476,115 |
Capital and reserves |  |  |  |  |
Called up share capital |  | 100 |  | 100 |
Profit and loss account |  | 1,446,613 |  | 476,015 |
Shareholders funds |  | 1,446,713 |  | 476,115 |

For the year ending
31 December 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 financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
2 July 2026
, and are signed on behalf of the board by:

M Cosgrove
Director

Company registration number:
06027507
Mectric Solutions Ltd
Notes to the Financial Statements
Year ended
31 December 2025

## 1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office & business is
Unit 21 Maple Park
,
Essex Road
,
Hoddesdon
,
EN11 0EX
, England.

## 2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

## 3 Accounting policies

## Basis of preparation

The
financial statements
have been prepared on the historical cost basis.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

## Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods and services is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

## Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

## Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures, fittings and equipment | 25% reducing balance
Motor vehicles | 25% reducing balance

## Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

## Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

## Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

## Operating leases

A lease is classified as an operating lease if it does not transfer substantially all the risks and rewards incidental to ownership. Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

## 4 Average number of employees

The average number of persons employed by the company during the year was
40
(2024:
33.00
).

## 5 Tangible assets

| Plant and machinery etc.
--- | ---
| £
Cost |  |
At 1 January 2025 | 214,007 |
Additions | 9,310 |
At 31 December 2025 | 223,317 |
Depreciation |  |
At 1 January 2025 | 119,328 |
Charge | 24,678 |
At 31 December 2025 | 144,006 |
Carrying amount |  |
At 31 December 2025 | 79,311 |
At 31 December 2024 | 94,679 |

## 6 Debtors

| 2025 | 2024
--- | --- | ---
| £ | £
Trade debtors | 3,737,345 |  | 1,211,289 |
Other debtors | 668,012 |  | 570,611 |
| 4,405,357 |  | 1,781,900 |

## 7 Creditors: amounts falling due within one year

| 2025 | 2024
--- | --- | ---
| £ | £
Bank loans and overdrafts | 55,037 |  | 179,148 |
Trade creditors | 2,490,953 |  | 2,286,389 |
Taxation and social security | 131,660 |  | 170,985 |
Other creditors | 641,797 |  | 69,607 |
| 3,319,447 |  | 2,706,129 |

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

| 2025 | 2024
--- | --- | ---
| £ | £
Bank loans and overdrafts | 108,388 |  | 163,424 |
Other creditors | - |  | 44,942 |
| 108,388 |  | 208,366 |

## 9 Guarantees and other financial commitments

The total future minimum lease payments under non-cancellable operating leases are as follows:
Not later than 1 year £30,082 (2024: £35,233).
Later than 1 year and not later than 5 years £Nil (2024: £Nil).

## 10 Controlling party

By virtue of its shareholding therein the controlling interest in the company rests with Mectric Holdings Ltd, a company incorporated in England and Wales.