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Registered number: 11044072
Ellison Engineering Services (UK) Manufacturing Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
BCS Accountants & Tax Consultants
60 Main Road
Bolton Le Sands
Carnforth
Lancashire
LA5 8DN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11044072
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 193,720 258,977
193,720 258,977
CURRENT ASSETS
Stocks 5 1,064,460 785,800
Debtors 6 63,839 161,727
Cash at bank and in hand 73,959 159,500
1,202,258 1,107,027
Creditors: Amounts Falling Due Within One Year 7 (589,816 ) (486,348 )
NET CURRENT ASSETS (LIABILITIES) 612,442 620,679
TOTAL ASSETS LESS CURRENT LIABILITIES 806,162 879,656
PROVISIONS FOR LIABILITIES
Deferred Taxation (44,604 ) (41,661 )
NET ASSETS 761,558 837,995
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 761,458 837,895
SHAREHOLDERS' FUNDS 761,558 837,995
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For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr J H Ellison
Director
13/08/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Ellison Engineering Services (UK) Manufacturing Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11044072 . The registered office is 60 Main Road, Bolton le Sands, LA5 8DN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 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.
2.3. Tangible Fixed Assets and Depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains
accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Plant & Machinery 20% straight line
Motor Vehicles 25% reducing balance
Computer Equipment 33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
2.4. Stocks and Work in Progress
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
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2.5. Financial Instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless
payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
2.6. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
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. 
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
2.7. Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is
measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2022 211,250 117,300 3,000 331,550
Additions - - 525 525
As at 30 November 2023 211,250 117,300 3,525 332,075
Depreciation
As at 1 December 2022 42,249 29,325 999 72,573
Provided during the period 42,250 22,360 1,172 65,782
As at 30 November 2023 84,499 51,685 2,171 138,355
Net Book Value
As at 30 November 2023 126,751 65,615 1,354 193,720
As at 1 December 2022 169,001 87,975 2,001 258,977
5. Stocks
2023 2022
£ £
Stock 142,500 18,000
Work in progress 921,960 767,800
1,064,460 785,800
6. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 38,678 36,414
Other debtors 5,100 27,320
Corporation tax recoverable assets 2,302 -
VAT 17,759 97,993
63,839 161,727
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 314,480 388,653
Corporation tax - 38,874
Trixstan Contract Services Ltd (4,037 ) -
Ellison AC Ltd 228,221 35,606
Accruals and deferred income 51,152 23,215
589,816 486,348
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8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
The director has maintained a credit loan balance throughout the period.
10. Related Party Transactions
The company was under the control of Mr J H G Ellison throughout the current and previous year. Mr Ellison also owns Ellison AC Ltd and Mr Ellison's wife owns Trixstan Contract Services Ltd.
During the year, the company borrowed funds from Ellison AC Ltd and at 30 November 2023 owed £228,221 (30 November 2022 -  £35,606).
During the year, the company lent funds to Trixstan Contract Services Ltd. At 30 November 2023 the comapany was owed - £4,037l (30 November 2022 - £nil).
During the year, the company traded with Ellison AC Ltd and made sales of £3,324,561. At 30 November 2023, the company was owed £nil by Ellison AC Ltd.
During the year, the company made purchases of £1,165,184 from Trixstan Contract Services Ltd. The amount owed to Trixstan Contract Services Ltd as at 30 November 2023 was £178,810.
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