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Registration number: 06087105

Elmhurst Energy Services Limited

Annual Report and Financial Statements

for the Year Ended 31 December 2023

 

Elmhurst Energy Services Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 8

 

Elmhurst Energy Services Limited

Company Information

Directors

S. J. O'Hara

S. A. Fairlie

M. H. Reed

G. N. Dunn

T. Lakhani

P. Barry

R. L. Rostas

Registered office

Unit 16
St. Johns Business Park
Lutterworth
Leicestershire
LE17 4HB

Auditors

Robert Whowell & Partners LLP
Chartered Accountants
Westwood House
78 Loughborough Road
Quorn
Loughborough
Leicestershire
LE12 8DX

 

Elmhurst Energy Services Limited

(Registration number: 06087105)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

3,722

8,953

Current assets

 

Debtors

5

149,127

39,288

Cash at bank and in hand

 

90,684

258,996

 

239,811

298,284

Creditors: Amounts falling due within one year

6

(319,061)

(271,094)

Net current (liabilities)/assets

 

(79,250)

27,190

Net (liabilities)/assets

 

(75,528)

36,143

Capital and reserves

 

Called up share capital

7

1,000

1,000

Retained earnings

(76,528)

35,143

Shareholders' (deficit)/funds

 

(75,528)

36,143

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 May 2024 and signed on its behalf by:
 

.........................................
S. J. O'Hara
Director

 

Elmhurst Energy Services Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 16
St. Johns Business Park
Lutterworth
Leicestershire
LE17 4HB

These financial statements were authorised for issue by the Board on 17 May 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Summary of disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
- the requirements of Section 33 Related Party Disclosures paragraph 33.7.

Going concern

The directors have considered the future operating profits, cash flows and facilities available to the company. The company continues to rely on fellow group companies for ongoing financial support, and the group has committed to this position. For these reasons, the directors continue to adopt the going concern basis of accounting in the preparing these financial statements.

 

Elmhurst Energy Services Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 21 May 2024 was Paul Johnson FCA, who signed for and on behalf of Robert Whowell & Partners LLP.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fixtures and equipment

20% to 50% straight line

Plant and machinery

20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Elmhurst Energy Services Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtor.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 13 (2022 - 15).

 

Elmhurst Energy Services Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 January 2023

8,993

13,000

21,993

At 31 December 2023

8,993

13,000

21,993

Depreciation

At 1 January 2023

7,008

6,032

13,040

Charge for the year

828

4,403

5,231

At 31 December 2023

7,836

10,435

18,271

Carrying amount

At 31 December 2023

1,157

2,565

3,722

At 31 December 2022

1,985

6,968

8,953

5

Debtors

Current

2023
£

2022
£

Trade debtors

2,080

17,675

Amounts owed by related parties

128,760

-

Prepayments

5,347

8,673

Other debtors

12,940

12,940

 

149,127

39,288

 

Elmhurst Energy Services Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

86,766

114,072

Amounts owed to group undertakings

15,690

3,755

Taxation and social security

9,399

17,225

Accruals and deferred income

207,206

136,042

319,061

271,094

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

1,000

1,000

1,000

1,000

         

8

Related party transactions

Summary of transactions with other related parties

During the year Elmhurst Energy Services Limited raised sales for services amounting to £26,995 (2022 - £48,633) and received purchase invoices amounting to £5,446 (2022 - £5,900) from a company associated through a common director. At the year end Elmhurst Energy Services Limited was owed £273 (2022 - £15,471) by the associated company.

During the year the company raised sales for services amounting to £107,300 (2022 - £nil) to a fellow group company under common control. At the year end Elmhurst Energy Services Limited was owed £128,760 (2022 - £nil) by the fellow group company.

 
Advantage has been taken of the exemption provided by FRS 102 Section 33.1A not to disclose transactions with fellow group companies as all subsidiary undertakings are wholly owned.

 

Elmhurst Energy Services Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

9

Parent and ultimate parent undertaking

The company's immediate parent is Starpoint Holdings Limited, incorporated in England and Wales.

 The ultimate parent is TIC Holdco Limited, incorporated in England and Wales.

 The most senior parent entity producing publicly available financial statements is TIC Holdco Limited. These financial statements are available upon request from 3 Cadogan Gate, London, SW1X 0AS.

 The ultimate controlling party is P. Dubens.