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REGISTERED NUMBER: 09468098 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

E S E GROUP LIMITED

E S E GROUP LIMITED (REGISTERED NUMBER: 09468098)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


E S E GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: G M Fredson





REGISTERED OFFICE: 5 Sprint Way
Liverpool
L24 9AB





REGISTERED NUMBER: 09468098 (England and Wales)





ACCOUNTANTS: Additions
Chartered Accountants
One Derby Square
Liverpool
L2 9QR

E S E GROUP LIMITED (REGISTERED NUMBER: 09468098)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,159,292 1,208,770
Investments 5 185,750 160,550
1,345,042 1,369,320

CURRENT ASSETS
Stocks 1,299,632 816,316
Debtors 6 1,380,937 1,694,665
Cash at bank and in hand 263,431 323,100
2,944,000 2,834,081
CREDITORS
Amounts falling due within one year 7 3,166,792 3,172,051
NET CURRENT LIABILITIES (222,792 ) (337,970 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,122,250

1,031,350

CREDITORS
Amounts falling due after more than one
year

8

(579,078

)

(457,632

)

PROVISIONS FOR LIABILITIES (30,897 ) (49,659 )
NET ASSETS 512,275 524,059

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 512,175 523,959
SHAREHOLDERS' FUNDS 512,275 524,059

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

E S E GROUP LIMITED (REGISTERED NUMBER: 09468098)

BALANCE SHEET - continued
29 FEBRUARY 2024


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 director and authorised for issue on 22 October 2024 and were signed by:





G M Fredson - Director


E S E GROUP LIMITED (REGISTERED NUMBER: 09468098)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

E S E Group 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.

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 as modified by the recognition of certain fixed assets measured at fair value.

Going concern
On the basis of current financial projections and facilities available to the company, the director has formed a judgement, at the time of approving the financial statements, that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, he considers that it is appropriate to adopt the going concern basis in preparing the financial statements.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance

Land and buildings had not been brought into use by 29 February 2024 and therefore no depreciation has been charged.

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 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 balance sheet date.

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.

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.

E S E GROUP LIMITED (REGISTERED NUMBER: 09468098)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


2. ACCOUNTING POLICIES - continued

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Fixed asset investments
Fixed asset investments are stated at fair value at the balance sheet date with any gains or losses recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2023 - 41 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2023 811,296 600,708 1,412,004
Additions 37,500 14,864 52,364
At 29 February 2024 848,796 615,572 1,464,368
DEPRECIATION
At 1 March 2023 - 203,234 203,234
Charge for year - 101,842 101,842
At 29 February 2024 - 305,076 305,076
NET BOOK VALUE
At 29 February 2024 848,796 310,496 1,159,292
At 28 February 2023 811,296 397,474 1,208,770

The net book value of plant and machinery etc includes £208,690 (2023 - £278,253) in respect of assets held under hire purchase contracts. The amount of depreciation in respect of such assets amounted to £69,563 for the year (2023 - £41,320).

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Other investments 185,750 160,550

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 82,313 81,106
Amounts owed by group undertakings 29,398 -
Other debtors 1,269,226 1,613,559
1,380,937 1,694,665

Amounts owed by group undertakings are unsecured, interest free and have no fixed date of repayment.

E S E GROUP LIMITED (REGISTERED NUMBER: 09468098)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 66,780 58,284
Trade creditors 645,113 1,080,188
Amounts owed to group undertakings 110,889 348,453
Taxation and social security 788,146 459,112
Other creditors 1,555,864 1,226,014
3,166,792 3,172,051

Amounts owed to group undertakings are unsecured, interest free and have no fixed date of repayment.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 90,988 151,917
Other creditors 488,090 305,715
579,078 457,632

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
G M Fredson
Balance outstanding at start of year 266,837 377,096
Amounts advanced 266,378 266,741
Amounts repaid - (377,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 533,215 266,837

The above loan is unsecured, interest free and has no fixed date for repayment.

11. RELATED PARTY DISCLOSURES

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.

Included in other debtors are loan balances totalling £311,689 (2023 - £57,659) due from companies in which the director G M Fredson has a controlling interest. These loans are interest free, unsecured and have no fixed date of repayment.

Included in other creditors are loan balances totalling £272,399 (2023 - £462,575) due to companies in which the director G M Fredson has a controlling interest. These loans are interest free, unsecured and have no fixed date of repayment.

A charge exists over the company's land and buildings to secure the borrowings of another company in which the director G M Fredson has a controlling interest.

E S E GROUP LIMITED (REGISTERED NUMBER: 09468098)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


12. POST BALANCE SHEET EVENTS

Following the year end, the company sold its land and buildings to a connected company for a consideration of £796,800.

13. ULTIMATE PARENT COMPANY

The company's ultimate parent company is GLJ Investment Group Limited whose registered office address is 5 Sprint Way, Liverpool, L24 9AB.