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REGISTERED NUMBER: 02303784 (England and Wales)











Financial Statements

for the Year Ended 30 November 2023

for

Elliston Steady & Hawes
(Aluminium) Limited

Elliston Steady & Hawes
(Aluminium) Limited (Registered number: 02303784)






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
(Aluminium) 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 0JT





REGISTERED NUMBER: 02303784 (England and Wales)





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

Elliston Steady & Hawes
(Aluminium) Limited (Registered number: 02303784)

Statement of Financial Position
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,600 7,629

CURRENT ASSETS
Stocks 154,716 161,319
Debtors 5 628,693 633,164
Cash at bank and in hand 3,185 10,553
786,594 805,036
CREDITORS
Amounts falling due within one year 6 592,433 462,585
NET CURRENT ASSETS 194,161 342,451
TOTAL ASSETS LESS CURRENT LIABILITIES 199,761 350,080

CREDITORS
Amounts falling due after more than one
year

7

15,833

25,833
NET ASSETS 183,928 324,247

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 183,926 324,245
SHAREHOLDERS' FUNDS 183,928 324,247

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
(Aluminium) Limited (Registered number: 02303784)

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 Statement of Income and Retained Earnings 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
(Aluminium) Limited (Registered number: 02303784)

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

1. STATUTORY INFORMATION

Elliston Steady & Hawes (Aluminium) 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.

Significant judgements and estimates
Amounts recoverable on contracts - In determining the carrying value of amounts recoverable on contracts, the directors regularly review each contact using their experience and detailed contract data in order to determine whether any amounts are considered irrecoverable. Such amounts are written off as identified.

Turnover
Turnover represents the value of work invoiced during the year, excluding VAT, and with respect to long term contracts turnover is recognised by reference to valuations of the work completed at the Statement of Financial Position date. Any such amounts not invoiced at the year end are recognised as amounts recoverable on contract. Contract amounts considered irrecoverable are written off as identified.

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

Stocks
Stock 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.


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
(Aluminium) Limited (Registered number: 02303784)

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 Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 22 (2022 - 24 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022
and 30 November 2023 66,832 3,241 2,000 57,443 129,516
DEPRECIATION
At 1 December 2022 59,692 2,752 2,000 57,443 121,887
Charge for year 1,785 244 - - 2,029
At 30 November 2023 61,477 2,996 2,000 57,443 123,916
NET BOOK VALUE
At 30 November 2023 5,355 245 - - 5,600
At 30 November 2022 7,140 489 - - 7,629

Elliston Steady & Hawes
(Aluminium) Limited (Registered number: 02303784)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 89,139 154,942
Amounts owed by group undertakings - 24,227
Amounts owed by related undertakings 259,405 -
Amounts recoverable on contract 276,415 436,938
Other debtors 3,734 17,057
628,693 633,164

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 12,078 10,000
Trade creditors 95,736 154,481
Amounts owed to group undertakings 412,741 229,481
Taxation and social security 61,937 11,768
Other creditors 9,941 56,855
592,433 462,585

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 8) 15,833 25,833

8. LOANS

The overdraft is due to outstanding payments not cleared through the bank at the year end. These are covered by deposits made before the payments are cleared and therefore overdraft facilities are not used.

The loan balance totalling £25,833 relates to a bounce back loan guaranteed by the Government.

9. CALLED UP SHARE CAPITAL

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