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REGISTERED NUMBER: 01517020 (England and Wales)











Financial Statements

for the Year Ended 30 November 2023

for

Elliston Steady & Hawes Limited

Elliston Steady & Hawes Limited (Registered number: 01517020)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Elliston Steady & Hawes Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: M Phillips
D Elliston





SECRETARY: M Phillips





REGISTERED OFFICE: Chapel Lane
Great Blakenham
Ipswich
Suffolk
IP6 OJT





REGISTERED NUMBER: 01517020 (England and Wales)





ACCOUNTANTS: Knights Lowe Ltd
Chartered Accountants
Crane Court
302 London Road
Ipswich
Suffolk
IP2 0AJ

Elliston Steady & Hawes Limited (Registered number: 01517020)

Statement of Financial Position
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 1,057,704 1,057,704
1,057,704 1,057,704

CURRENT ASSETS
Debtors 6 342,193 73,390
Investments 7 613 547
Cash at bank and in hand 28,965 9,866
371,771 83,803
CREDITORS
Amounts falling due within one year 8 821,433 536,077
NET CURRENT LIABILITIES (449,662 ) (452,274 )
TOTAL ASSETS LESS CURRENT LIABILITIES 608,042 605,430

CAPITAL AND RESERVES
Called up share capital 10 2,262 2,262
Capital redemption reserve 21,000 21,000
Merger reserve 1,038,842 1,038,842
Fair value reserve 11 344 278
Retained earnings (454,406 ) (456,952 )
SHAREHOLDERS' FUNDS 608,042 605,430

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

Elliston Steady & Hawes Limited (Registered number: 01517020)

Statement of Financial Position - continued
30 November 2023


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:




M Phillips - Director



D Elliston - Director


Elliston Steady & Hawes Limited (Registered number: 01517020)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Elliston Steady & Hawes Limited 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.

Preparation of consolidated financial statements
The financial statements contain information about Elliston Steady & Hawes Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents the amounts receivable, excluding VAT, by the company for management services provided to its subsidiary companies and for the hire of vehicles and plant to those same subsidiaries. Turnover is recognised when it is due.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans with related parties.

Debt instruments that are payable or receivable within one year, such as trade payables or receivables, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Debt instruments that are repayable or receivable after one year are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each financial year for evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the Income Statement.


Elliston Steady & Hawes Limited (Registered number: 01517020)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 4 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022
and 30 November 2023 44,197 9,256 12,795 22,026 88,274
DEPRECIATION
At 1 December 2022
and 30 November 2023 44,197 9,256 12,795 22,026 88,274
NET BOOK VALUE
At 30 November 2023 - - - - -
At 30 November 2022 - - - - -

Elliston Steady & Hawes Limited (Registered number: 01517020)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 December 2022
and 30 November 2023 1,057,704
NET BOOK VALUE
At 30 November 2023 1,057,704
At 30 November 2022 1,057,704

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 235,821 46,800
Other debtors 106,372 26,590
342,193 73,390

7. CURRENT ASSET INVESTMENTS

Listed investments are stated in the accounts at a market value of £613 (2022 - £547). Any profit or loss on revaluation is recognised in the profit and loss account.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 38,962
Amounts owed to group undertakings 399,481 319,754
Amounts owed to related undertakings 145,000 -
Other creditors 276,952 177,361
821,433 536,077

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 98,646 86,990
Between one and five years 427,466 28,997
526,112 115,987

Elliston Steady & Hawes Limited (Registered number: 01517020)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2,262 Ordinary £1 2,262 2,262

11. RESERVES
Fair
value
reserve
£   
At 1 December 2022 278
Revaluation transfers 66

At 30 November 2023 344

12. RELATED PARTY DISCLOSURES

Property rental payments to other related parties were waived for the year (2022 - £42,441).

Included in other creditors are amounts totalling £272,215 (2022 - £172,215) owed to the directors relating to interest free loans. The loans are repayable on demand.