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REGISTERED NUMBER: 06793664 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 January 2024

for

Ellesmere Contracting Ltd

Ellesmere Contracting Ltd (Registered number: 06793664)






Contents of the Financial Statements
for the Year Ended 30 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ellesmere Contracting Ltd

Company Information
for the Year Ended 30 January 2024







DIRECTORS: L S O'Keefe
D Farrington





REGISTERED OFFICE: Airport House
Suite 43 - 45
Purley Way
Croydon
Surrey
CR0 0XZ





REGISTERED NUMBER: 06793664 (England and Wales)





ACCOUNTANTS: Ledger Sparks Limited
Airport House
Suite 43-45
Purley Way
Croydon
CR0 0XZ

Ellesmere Contracting Ltd (Registered number: 06793664)

Balance Sheet
30 January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 96,522 43,357

CURRENT ASSETS
Stocks 280,370 217,232
Debtors 5 336,207 304,944
Cash at bank and in hand 84,516 101,033
701,093 623,209
CREDITORS
Amounts falling due within one year 6 (235,878 ) (226,589 )
NET CURRENT ASSETS 465,215 396,620
TOTAL ASSETS LESS CURRENT
LIABILITIES

561,737

439,977

CREDITORS
Amounts falling due after more than one year 7 (86,564 ) (23,332 )

PROVISIONS FOR LIABILITIES 9 (18,339 ) (8,238 )
NET ASSETS 456,834 408,407

CAPITAL AND RESERVES
Called up share capital 200 100
Retained earnings 10 456,634 408,307
456,834 408,407

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 January 2024 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.

Ellesmere Contracting Ltd (Registered number: 06793664)

Balance Sheet - continued
30 January 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 Board of Directors and authorised for issue on 23 October 2024 and were signed on its behalf by:





D Farrington - Director


Ellesmere Contracting Ltd (Registered number: 06793664)

Notes to the Financial Statements
for the Year Ended 30 January 2024

1. STATUTORY INFORMATION

Ellesmere Contracting Ltd 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 (£).


The principal activity of the company is that of Construction management.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

TURNOVER
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

TANGIBLE FIXED ASSETS
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computer equipment 33.33% Straight line method
Motor vehicles 25% Reducing balance method

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Ellesmere Contracting Ltd (Registered number: 06793664)

Notes to the Financial Statements - continued
for the Year Ended 30 January 2024

2. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
The company only enters into basic financial transactions that result in recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from bank and other third parties, loans to related parties and investments in non-puttable ordinary shares.

TAXATION
The tax expense represents the sum of the tax currently payable and deferred tax.

CURRENT TAX
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

DEFERRED TAX
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

PENSIONS
DEFINED CONTRIBUTION PENSION PLAN
The company operates a defined contribution pension plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in the statement of income and retained earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

GOING CONCERN
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

PROVISIONS FOR LIABILITIES
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the statement of income and retained earnings in the year that the company becomes aware of the obligation and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in Balance sheet.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

Ellesmere Contracting Ltd (Registered number: 06793664)

Notes to the Financial Statements - continued
for the Year Ended 30 January 2024

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 31 January 2023 44,176 4,896 49,072
Additions 70,037 - 70,037
At 30 January 2024 114,213 4,896 119,109
DEPRECIATION
At 31 January 2023 920 4,795 5,715
Charge for year 16,771 101 16,872
At 30 January 2024 17,691 4,896 22,587
NET BOOK VALUE
At 30 January 2024 96,522 - 96,522
At 30 January 2023 43,256 101 43,357

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 201,244 227,833
Other debtors 134,963 77,111
336,207 304,944

The directors consider the carrying value of trade and other receivables approximate to their fair values.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 8) 16,867 29,078
Trade creditors - 152
Taxation and social security 48,674 48,904
Other creditors 160,337 138,455
235,878 226,589

The directors consider the carrying amounts of current liabilities approximate to their fair values.

Ellesmere Contracting Ltd (Registered number: 06793664)

Notes to the Financial Statements - continued
for the Year Ended 30 January 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 13,333 23,332
Hire purchase contracts (see note 8) 73,231 -
86,564 23,332

The directors consider the carrying amounts of long term liabilities approximate to their fair values.

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 16,867 29,078
Between one and five years 73,231 -
90,098 29,078

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

Non-cancellable operating leases
2024 2023
£    £   
Within one year 1,872 4,751
Between one and five years - 1,872
1,872 6,623

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 18,339 8,238

Deferred
tax
£   
Balance at 31 January 2023 8,238
Provided during year 10,101
Balance at 30 January 2024 18,339

Ellesmere Contracting Ltd (Registered number: 06793664)

Notes to the Financial Statements - continued
for the Year Ended 30 January 2024

10. RESERVES

PROFIT AND LOSS RESERVES

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

11. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £10,000 (2023 - £200).

12. RELATED PARTY DISCLOSURES

As at the balance sheet date included in creditors were amounts of £13,079 (2023 - £9,589) due to the directors. This loan is interest free and repayable on demand.

The company is owed £2,663 (2023 - £2,663) by a connected company Laiden Holding Ltd as at balance sheet date.