EAST MIDLANDS INSTRUMENT COMPANY LIMITED

• ◆

  Audit opinion: Qualified

  Latest auditor's report carried a non-clean opinion.

1. EAST MIDLANDS INSTRUMENT COMPANY LIMITED 1996-07-19 → present
2. READCO 135 LIMITED 1996-05-09 → 1996-07-19

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

BHP LLP

Audit opinion

Qualified

Going concern

Affirmed

“After making enquires, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly they continue to adopt the going concern basis in preparing the financial statements.”

Significant events

• “Sales credit notes totalling £174,728 were issued in the current year in respect of sales invoices incorrectly raised in the year end 31 December 2023. This is deemed to be a material error, therefore the comparative figures have been restated to reduce revenue and trade debtors by £174,728, as well as a consequential reduction in corporation tax of £41,096, resulting in a net impact on profit and net assets of £133,632.”
• “During the year ended December 2020, the company benefitted from the Coronavirus Business Interruption Loan Scheme (CBILS) introduced by the UK Government as a result of the Covid-19 pandemic. The loan is repayable by 54 monthly repayments of £4,259 that commenced in December 2020.”
• “An additional term loan was also taken out during 2020. The loan is repayable by 59 monthly repayments of £4,050, followed by a final repayment of £223,992.”
• “A further loan of £80,998 was taken out during 2023. The loan is unsecured and is repayable in 47 monthly repayments of £2,157 that commenced in September 2023.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +4.9%

  £11,516,357 → £12,085,265

• Cash

  -29.3%

  £1,222,422 → £863,949

• Net assets

  +26.7%

  £1,125,517 → £1,426,186

• Employees

  -1.5%

  133 → 131

• Operating profit

  -6%

  £647,767 → £608,624

• Profit before tax

  -5.5%

  £618,737 → £584,579

• Wages

  +12%

  £4,891,269 → £5,476,319

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers