ACCOUNTS - Final Accounts

Auditor's remuneration

During the year, the Company obtained the following services from the Company's auditor:

Registered number: 02710367

METRICAB POWER ENGINEERING LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

TWP Accounting LLP

Chartered Accountants & Statutory Auditors

The Old Rectory

Church Street

Weybridge

Surrey

KT13 8DE

METRICAB POWER ENGINEERING LIMITED

COMPANY INFORMATION

Directors	C E Thatcher
	C R Skelley (resigned 17 March 2025)
	T S Schifano
	K L Lumley
	A Cohen (appointed 17 March 2025)
	G Lockless (appointed 17 March 2025)
	L Welton (appointed 17 March 2025)


Company secretary	C E Thatcher


Registered number	02710367


Registered office	Riverside House
	Sedgwick Lane
	Horsham
	West Sussex
	RH13 6QE


Independent auditor	TWP Accounting LLP
	Chartered Accountants & Statutory Auditors
	The Old Rectory
	Church Street
	Weybridge
	Surrey
	KT13 8DE

METRICAB POWER ENGINEERING LIMITED

CONTENTS

	Page
Directors' Report	1 - 2
Independent Auditor's Report	3 - 6
Statement of Income and Retained Earnings	7
Balance Sheet	8 - 9
Notes to the Financial Statements	10 - 19

METRICAB POWER ENGINEERING LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

The directors present their report and the financial statements for the year ended 31 December 2025.

Principal activity

The principal activity of the company is electrical contracting.

Directors

The directors who served during the year were:

C E Thatcher

C R Skelley (resigned 17 March 2025)

T S Schifano

K L Lumley

A Cohen (appointed 17 March 2025)

G Lockless (appointed 17 March 2025)

L Welton (appointed 17 March 2025)

Directors' responsibilities statement

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

In preparing these financial statements, the directors are required to:

∙select suitable accounting policies for the Company's financial statements and then apply them consistently;

∙make judgments and accounting estimates that are reasonable and prudent;

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditor

Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that:

∙so far as the director is aware, there is no relevant audit information of which the Company's auditor is unaware, and

∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditor is aware of that information.

Page 1

METRICAB POWER ENGINEERING LIMITED

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

Post balance sheet events

Subsequent to the year end, the company's sole freehold property was transferred to its parent company, Metricab Holdings Limited, as part of a wider group reorganisation. As this transaction occurred after the reporting date, no adjustment has been made to the amounts recognised in these financial statements.

Auditor

The auditor, TWP Accounting LLP, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board on 18 August 2026 and signed on its behalf.

................................................

K L Lumley

Director

Page 2

METRICAB POWER ENGINEERING LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF METRICAB POWER ENGINEERING LIMITED

Opinion

We have audited the financial statements of Metricab Power Engineering Limited (the 'Company') for the year ended 31 December 2025, which comprise the Statement of Income and Retained Earnings, the Balance Sheet and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

∙give a true and fair view of the state of the Company's affairs as at 31 December 2025 and of its loss for the year then ended;

∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

∙have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's Report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Page 3

METRICAB POWER ENGINEERING LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF METRICAB POWER ENGINEERING LIMITED (CONTINUED)

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

∙the information given in the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

∙the Directors' Report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

∙adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

∙the financial statements are not in agreement with the accounting records and returns; or

∙certain disclosures of directors' remuneration specified by law are not made; or

∙we have not received all the information and explanations we require for our audit; or

∙the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Directors' Report and from the requirement to prepare a Strategic Report.

Responsibilities of directors

As explained more fully in the Directors' Responsibilities Statement set out on page 1, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.

Page 4

METRICAB POWER ENGINEERING LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF METRICAB POWER ENGINEERING LIMITED (CONTINUED)

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

∙Obtain an understanding of the policies and procedures management has in place to detect and prevent fraud and non-compliance with laws and regulations.

∙Enquire of management any cases of actual or suspected fraud and non-compliance with laws and regulations.

∙Enquire of management, those charged with governance and the entity’s solicitors around actual and potential litigation and claims.

∙Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.

∙Assess the key risk areas within the financial statements which are susceptible to fraud or error and design our audit approach thereon.

∙Enquire of management, those charged with governance and the entity’s solicitors around actual and potential litigation and claims.

∙Perform substantive tests on a sample of transactions throughout the financial statements to ensure that no material errors have been identified.

∙Perform cut off tests on a sample of transactions to ensure income has been accounted for in the correct period.

∙Review of after year end information to ensure expenditure have been accounted for in the correct period.

∙Perform analytical review procedures to identify any irregularities and investigation thereon.

∙Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's Report.

Page 5

METRICAB POWER ENGINEERING LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF METRICAB POWER ENGINEERING LIMITED (CONTINUED)

Use of our report

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditor's Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.

Philip Munk FCA FCCA (Senior Statutory Auditor)

for and on behalf of

TWP Accounting LLP

Chartered Accountants & Statutory Auditors

The Old Rectory

Church Street

Weybridge

Surrey

KT13 8DE

18 August 2026

Page 6

METRICAB POWER ENGINEERING LIMITED

STATEMENT OF INCOME AND RETAINED EARNINGS

FOR THE YEAR ENDED 31 DECEMBER 2025

	2025	2024
	£	£


Turnover	6,005,004	5,790,566
Cost of sales	(4,474,905)	(3,438,864)
Gross profit	1,530,099	2,351,702
Administrative expenses	(2,048,993)	(1,801,254)
Operating (loss)/profit	(518,894)	550,448
Interest receivable and similar income	8,185	8,756
Interest payable and expenses	(521)	(1,061)
(Loss)/profit before tax	(511,230)	558,143
Tax on (loss)/profit	117,035	(145,513)
(Loss)/profit after tax	(394,195)	412,630



Retained earnings at the beginning of the year	1,247,941	855,311
	1,247,941	855,311
(Loss)/profit for the year	(394,195)	412,630
Dividends declared and paid	(2,000)	(20,000)
Retained earnings at the end of the year	851,746	1,247,941

The notes on pages 10 to 19 form part of these financial statements.

Page 7

METRICAB POWER ENGINEERING LIMITED

REGISTERED NUMBER: 02710367

BALANCE SHEET

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	5		873,322		911,731
			873,322		911,731
Current assets
Stocks	6	220,496		250,258
Debtors: amounts falling due within one year	7	1,205,832		1,604,783
Cash at bank and in hand	8	853,855		363,510
		2,280,183		2,218,551
Creditors: amounts falling due within one year	9	(1,800,087)		(1,367,835)
Net current assets			480,096		850,716
Total assets less current liabilities			1,353,418		1,762,447
Creditors: amounts falling due after more than one year	10		(5,389)		(15,132)
Provisions for liabilities
Deferred tax	12	(16,183)		(19,274)
			(16,183)		(19,274)
Net assets			1,331,846		1,728,041

Capital and reserves
Called up share capital	13	100	100
Revaluation reserve	14	480,000	480,000
Profit and loss account	14	851,746	1,247,941
		1,331,846	1,728,041

Page 8

METRICAB POWER ENGINEERING LIMITED

REGISTERED NUMBER: 02710367

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2025

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 August 2026.

................................................

K L Lumley

Director

The notes on pages 10 to 19 form part of these financial statements.

Page 9

METRICAB POWER ENGINEERING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

Metricab Power Engineering Limited is incorporated in England and Wales and limited by shares. The principal activity of the business is that of electrical contractors. The registered office address can be found within the company information page of these financial statements.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

Monetary amounts in these financial statements are rounded to the nearest pound.

The following principal accounting policies have been applied:

2.2

Turnover

Turnover represents the value, excluding Value Added Tax, of work carried out on electrical contracting services undertaken during the period. Turnover is calculated as the proportion of total contract value completed at the balance sheet date. Revenues derived from variations to contracts are recognised only when they have been accepted by the customer, and the variations have been completed. Full provision is made for losses on all contracts in the year in which they are first foreseen.
Where work has been completed but not yet invoiced, applications for work done are made and included in debtors as income.

2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 10

METRICAB POWER ENGINEERING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.3

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis.

Depreciation is provided on the following basis:

Freehold property	-	2.85% straight line
Plant and machinery	-	15 - 25% reducing balance
Motor vehicles	-	30% reducing balance
Office equipment	-	10 - 15% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Depreciation is not provided on freehold land.

2.4

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that 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.

Page 11

METRICAB POWER ENGINEERING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.9

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 at an annual general meeting.

2.10

Operating leases: the Company as lessor

Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term.

Amounts paid and payable as an incentive to sign an operating lease are recognised as a reduction to income over the lease term on a straight-line basis, unless another systematic basis is representative of the time pattern over which the lessor's benefit from the leased asset is diminished.

2.11

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.12

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 12

METRICAB POWER ENGINEERING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.13

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Auditor's Remuneration

16,730

16,140

Employees

The average monthly number of employees, including directors, during the year was 34 (2024 - 36).

Page 13

METRICAB POWER ENGINEERING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

5.	Tangible fixed assets

	Freehold property	Plant and machinery	Motor vehicles	Office equipment	Total
	£	£	£	£	£
Cost or valuation
At 1 January 2025	1,000,000	327,771	290,691	134,996	1,753,458
Additions	-	2,450	780	-	3,230
At 31 December 2025	1,000,000	330,221	291,471	134,996	1,756,688
Depreciation
At 1 January 2025	193,452	268,142	247,192	132,941	841,727
Charge for the year on owned assets	18,571	9,485	3,874	514	32,444
Charge for the year on financed assets	-	-	9,195	-	9,195
At 31 December 2025	212,023	277,627	260,261	133,455	883,366
Net book value
At 31 December 2025	787,977	52,594	31,210	1,541	873,322
At 31 December 2024	806,548	59,629	43,499	2,055	911,731

The net book value of land and buildings may be further analysed as follows:
	2025	2024
	£	£

Freehold	787,977	806,548
	787,977	806,548

Paragraph 35.10(d) of FRS 102 provides an optional exemption from restating the value of the property based on its original cost. The company has decided not to continue its policy of revaluation from the date of transition which was 1 August 2015, as permitted by FRS 102. The previously revalued amount is now used as its deemed cost. In order to comply with company law the revaluation reserve would be retained and the excess depreciation would continue to be offset against it.

Page 14

METRICAB POWER ENGINEERING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

5.Tangible fixed assets (continued)

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
	2025	2024
	£	£


Motor vehicles	21,455	30,649
	21,455	30,649

6.	Stocks
		2025	2024
		£	£

Stock	220,496	250,258
	220,496	250,258

Debtors

					2025	2024
					£	£


Trade debtors	1,050,851	1,125,295
Other debtors	115,944	-
Prepayments and accrued income	18,127	15,909
Amounts recoverable on contract applications	20,910	463,579
	1,205,832	1,604,783

8.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	853,855	363,510
Less: bank overdrafts	-	(418)
	853,855	363,092

Page 15

METRICAB POWER ENGINEERING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

9.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank overdrafts	-	418
Bank loans	5,268	10,375
Trade creditors	1,191,175	938,287
Corporation tax	-	156,113
Other taxation and social security	122,004	128,237
Obligations under finance lease and hire purchase contracts	5,388	5,388
Other creditors	356,163	23,975
Accruals and deferred income	120,089	105,042
	1,800,087	1,367,835

Included in creditors due within one year are secured bank overdrafts of £nil (2024 - £418) and secured hire purchase agreements of £5,388 (2024 - £5,388).

10.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	-	5,254
Net obligations under finance leases and hire purchase contracts	5,389	9,878
	5,389	15,132

Included in creditors due after more than one year are secured hire purchase agreements of £5,389 (2024 - £9,878).

Amounts falling due within one year
Bank loans	5,268	10,375
Amounts falling due 1-2 years
Bank loans	-	5,254


	5,268	15,629

The bank loan is an unsecured loan.

Page 16

METRICAB POWER ENGINEERING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

12.	Deferred taxation

	2025	2024
	£	£

At beginning of year	(19,274)	(29,874)
Charged to profit or loss	3,091	10,600
At end of year	(16,183)	(19,274)

The provision for deferred taxation is made up as follows:
	2025	2024
	£	£

	Accelerated capital allowances	(16,183)	(19,274)
		(16,183)	(19,274)

13.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

100 (2024 - 100) Ordinary shares of £1.00 each	100	100

On 5 November 2025, the shareholders completed a share for share exchange whereby Metricab Holdings Limited was incorporated as a new holding company and became the immediate parent undertaking of the company.

14.

Reserves

Revaluation reserve

The revaluation reserve represents the cumulative effect of revaluations of tangible fixed assets where a policy of revaluation was previously adopted.
Paragraph 35.10(d) of FRS 102 provides an optional exemption from restating the value of the property based on its original cost. The company has decided not to continue its policy of revaluation as permitted by FRS 102. The revalued amount from the valuation as at 1 August 2015 is now used as its deemed cost. In order to comply with company law the revaluation reserve has been retained and any excess depreciation will be offset against it.

Profit and loss account

The profit and loss account represents cumulative profits and losses net of dividends and other adjustments.

Page 17

METRICAB POWER ENGINEERING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

15.	Contingent liabilities

At the reporting date, the company is party to ongoing High Court proceedings with a customer. The proceedings relate to amounts due between the parties and the validity of sums received by the company following an adjudicator's decision during the year ended 31 December 2025.
The outcome of the matter remains uncertain and, consequently, the existence and amount of any further liability or recovery cannot presently be determined with sufficient reliability.
The directors consider that disclosure of further information, including the financial effect of the matter, could seriously prejudice the company's position in the ongoing proceedings and, accordingly, such information has not been disclosed.

16.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £55,646 (2024 - £97,072). There are contributions payable to the fund at the balance sheet date in the current amounting to £9,722 (2024 - £14,767).

	Later than 1 year and not later than 5 years	105,504	41,902
		105,504	41,902

18.

Related party transactions

During the year the company purchased goods and services of £350 (2024 - £1,013) from Eurotech Mouldings Limited, a company in which the close family members of C E Thatcher and C R Skelley have a 50% interest. At the balance sheet date, there are no balances (2024 - £nil) due to Eurotech Mouldings Limited.
At the balance sheet date, the company was owed an amount of £2,000 (2024 - £1,000 owed to) by the directors.

19.	Post balance sheet events

Page 18

METRICAB POWER ENGINEERING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

20.	Controlling party

The immediate parent company as of 5th November 2025 is Metricab Holdings Limited.
At the balance sheet date there is no ultimate controlling party.

Page 19