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REGISTERED NUMBER: 13923278 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ELEVATED ENGINEERING SERVICES NW LTD

ELEVATED ENGINEERING SERVICES NW LTD (REGISTERED NUMBER: 13923278)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ELEVATED ENGINEERING SERVICES NW LTD

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: S J Horn
J Mellors





REGISTERED OFFICE: Unit 1
Townley Park
Hanson Street
Middleton
Manchester
M24 2UF





REGISTERED NUMBER: 13923278 (England and Wales)





ACCOUNTANTS: Moss & Williamson Limited
Booth Street Chambers
Booth Street
Ashton-under-Lyne
Lancashire
OL6 7LQ

ELEVATED ENGINEERING SERVICES NW LTD (REGISTERED NUMBER: 13923278)

ABRIDGED BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,269 8,358
Tangible assets 5 93,605 81,619
99,874 89,977

CURRENT ASSETS
Stocks 117,086 87,902
Debtors 684,669 496,300
Cash at bank 11,575 2,025
813,330 586,227
CREDITORS
Amounts falling due within one year 742,798 635,698
NET CURRENT ASSETS/(LIABILITIES) 70,532 (49,471 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

170,406

40,506

CREDITORS
Amounts falling due after more than one
year

(56,524

)

(47,075

)

PROVISIONS FOR LIABILITIES (17,785 ) -
NET ASSETS/(LIABILITIES) 96,097 (6,569 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 95,997 (6,669 )
96,097 (6,569 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

ELEVATED ENGINEERING SERVICES NW LTD (REGISTERED NUMBER: 13923278)

ABRIDGED BALANCE SHEET - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 13 August 2024 and were signed on its behalf by:




J Mellors - Director



S J Horn - Director


ELEVATED ENGINEERING SERVICES NW LTD (REGISTERED NUMBER: 13923278)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Elevated Engineering Services NW Ltd is a private company, limited by shares , registered in England and Wales. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 balance sheet date.


ELEVATED ENGINEERING SERVICES NW LTD (REGISTERED NUMBER: 13923278)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2023 - 35 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 10,448
AMORTISATION
At 1 April 2023 2,090
Amortisation for year 2,089
At 31 March 2024 4,179
NET BOOK VALUE

At 31 March 2024 6,269
At 31 March 2023 8,358

ELEVATED ENGINEERING SERVICES NW LTD (REGISTERED NUMBER: 13923278)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 108,825
Additions 46,938
Disposals (5,000 )
At 31 March 2024 150,763
DEPRECIATION
At 1 April 2023 27,206
Charge for year 31,202
Eliminated on disposal (1,250 )
At 31 March 2024 57,158
NET BOOK VALUE
At 31 March 2024 93,605
At 31 March 2023 81,619

The net book value of tangible fixed assets includes £ 74,254 (2023 - £ 52,068 ) in respect of assets held under hire purchase contracts.

6. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 28,129 17,585
Between one and five years 56,524 47,075
84,653 64,660

Non-cancellable operating leases
2024 2023
£    £   
Within one year 73,969 73,969
Between one and five years 58,969 132,938
132,938 206,907

ELEVATED ENGINEERING SERVICES NW LTD (REGISTERED NUMBER: 13923278)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 84,653 64,660
Invoice financing 448,245 401,934
532,898 466,594

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 March 2024 and the period ended 31 March 2023:

2024 2023
£    £   
J Mellors
Balance outstanding at start of year 41,269 -
Amounts advanced 64,530 41,769
Amounts repaid - (500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 105,799 41,269