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REGISTERED NUMBER: 08113564 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Elhance Limited

Elhance Limited (Registered number: 08113564)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

Elhance Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A Johnson
M Robinson





REGISTERED OFFICE: Charnwood Accountants
The Point
Granite Way
Mountsorrel
Leicestershire
LE12 7TZ





REGISTERED NUMBER: 08113564 (England and Wales)





ACCOUNTANTS: Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ

Elhance Limited (Registered number: 08113564)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 157,919 194,314

CURRENT ASSETS
Stocks 9,509 27,183
Debtors 5 2,374,720 1,022,070
Cash at bank 508,055 2,093,239
2,892,284 3,142,492
CREDITORS
Amounts falling due within one year 6 2,458,518 2,703,219
NET CURRENT ASSETS 433,766 439,273
TOTAL ASSETS LESS CURRENT
LIABILITIES

591,685

633,587

CREDITORS
Amounts falling due after more than one year 7 (93,532 ) (230,448 )

PROVISIONS FOR LIABILITIES (8,287 ) (18,775 )
NET ASSETS 489,866 384,364

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 489,766 384,264
489,866 384,364

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Elhance Limited (Registered number: 08113564)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 November 2024 and were signed on its behalf by:




M Robinson - Director



A Johnson - Director


Elhance Limited (Registered number: 08113564)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Elhance 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.

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

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the balance sheet date. This is normally measured by surveys of work performed to date. Variations in contract work, claims and incentive payments are included to the extent that it is probable that they will result in revenue and they are capable of being reliably measured.
Where the outcome of a construction contract cannot be estimated reliably, contract revenue is recognised to the extent of contract costs incurred that it is probable will be recoverable. Contract costs are recognised as expenses in the period in which they are incurred. When it is probable that total contract costs will exceed total contract revenue, the expected loss is recognised as an expense immediately.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.


Elhance Limited (Registered number: 08113564)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 19 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 17,081 266,487 61,608 345,176
Additions - 30,293 9,736 40,029
Disposals (4,124 ) (40,079 ) (31,363 ) (75,566 )
At 31 March 2024 12,957 256,701 39,981 309,639
DEPRECIATION
At 1 April 2023 9,417 100,785 40,660 150,862
Charge for year 1,150 42,846 5,500 49,496
Eliminated on disposal (2,844 ) (19,108 ) (26,686 ) (48,638 )
At 31 March 2024 7,723 124,523 19,474 151,720
NET BOOK VALUE
At 31 March 2024 5,234 132,178 20,507 157,919
At 31 March 2023 7,664 165,702 20,948 194,314

Elhance Limited (Registered number: 08113564)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023 215,759
Additions 30,292
Disposals (30,197 )
Transfer to ownership (11,509 )
At 31 March 2024 204,345
DEPRECIATION
At 1 April 2023 57,198
Charge for year 40,265
Eliminated on disposal (10,380 )
Transfer to ownership (7,665 )
At 31 March 2024 79,418
NET BOOK VALUE
At 31 March 2024 124,927
At 31 March 2023 158,561

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 1,125,651 155,868
Amounts recoverable on contract 727,313 762,693
Other debtors 521,756 103,509
2,374,720 1,022,070

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 35,000 67,000
Hire purchase contracts 38,035 48,183
Trade creditors 737,060 753,483
Amounts owed to group undertakings 886,396 1,142,553
Taxation and social security 710,068 521,051
Other creditors 51,959 170,949
2,458,518 2,703,219

Elhance Limited (Registered number: 08113564)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 37,917 144,917
Hire purchase contracts 55,615 85,531
93,532 230,448

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 37,917 144,917

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
A Johnson
Balance outstanding at start of year - -
Amounts advanced 202,250 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 202,250 -

M Robinson
Balance outstanding at start of year - -
Amounts advanced 202,250 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 202,250 -

9. ULTIMATE CONTROLLING PARTY

The Directors are considered to be the ultimate controlling party by virtue of their ability to act in concert in respect of the operational and financial policies of the company.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Elhance Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Elhance Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Elhance Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Elhance Limited and state those matters that we have agreed to state to the Board of Directors of Elhance Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Elhance Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Elhance Limited. You consider that Elhance Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Elhance Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ


4 November 2024