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Registration number: 05091841

Ellesmere Port and Neston Industrial Securities Ltd

Unaudited Filleted Financial Statements

for the Year Ended 28 July 2024

 

Ellesmere Port and Neston Industrial Securities Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Ellesmere Port and Neston Industrial Securities Ltd

Company Information

Directors

Mr K Harper

Mr G Harper

Registered office

3 Stadium Court
Plantation Road
Bromborough
Wirral
CH62 3QG

Accountants

GW Kelly & Co
Chartered Certified Accountants
3 Stadium Court
Plantation Road
Bromborough
Wirral
CH62 3QG

 

Ellesmere Port and Neston Industrial Securities Ltd

(Registration number: 05091841)
Balance Sheet as at 28 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

19,452

22,013

Current assets

 

Debtors

5

35,216

29,648

Cash at bank and in hand

 

8,502

15,689

 

43,718

45,337

Creditors: Amounts falling due within one year

6

(18,603)

(19,931)

Net current assets

 

25,115

25,406

Total assets less current liabilities

 

44,567

47,419

Creditors: Amounts falling due after more than one year

6

(4,504)

(9,511)

Provisions for liabilities

(3,696)

(4,182)

Net assets

 

36,367

33,726

Capital and reserves

 

Called up share capital

7

6,667

6,667

Capital redemption reserve

3,333

3,333

Retained earnings

26,367

23,726

Shareholders' funds

 

36,367

33,726

For the financial year ending 28 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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 26 November 2024 and signed on its behalf by:
 

 

Ellesmere Port and Neston Industrial Securities Ltd

(Registration number: 05091841)
Balance Sheet as at 28 July 2024

.........................................
Mr K Harper
Director

 

Ellesmere Port and Neston Industrial Securities Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 July 2024

1

General information

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

The address of its registered office is:
3 Stadium Court
Plantation Road
Bromborough
Wirral
CH62 3QG

These financial statements were authorised for issue by the Board on 26 November 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 were prepared in accordance with Financial Reporting Standard 102 Section 1A- 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
.

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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/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 and deferred tax. Tax is recognised in profit or loss, 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.

 

Ellesmere Port and Neston Industrial Securities Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 July 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

10% on cost

Fixtures and fittings

10% on reducing balance

Motor Vehicles

25% on reducing balance

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.

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 receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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.

Borrowings

 

Ellesmere Port and Neston Industrial Securities Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 July 2024

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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 6 (2023 - 4).

 

Ellesmere Port and Neston Industrial Securities Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 July 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 29 July 2023

2,137

37,601

250,523

290,261

Additions

-

3,750

-

3,750

At 28 July 2024

2,137

41,351

250,523

294,011

Depreciation

At 29 July 2023

1,276

16,450

250,522

268,248

Charge for the year

86

6,225

-

6,311

At 28 July 2024

1,362

22,675

250,522

274,559

Carrying amount

At 28 July 2024

775

18,676

1

19,452

At 28 July 2023

861

21,151

1

22,013

5

Debtors

Current

2024
£

2023
£

Trade debtors

35,216

27,814

Other debtors

-

1,834

 

35,216

29,648

6

Creditors

Creditors: amounts falling due within one year

 

Ellesmere Port and Neston Industrial Securities Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 July 2024

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

5,000

5,000

Trade creditors

 

-

544

Social security and other taxes

 

12,394

11,234

Other payables

 

-

154

Accruals

 

-

2,999

Income tax liability

1,209

-

 

18,603

19,931

Due after one year

 

Loans and borrowings

4,504

9,511

Current loans and borrowings

2024
£

2023
£

Bank borrowings

5,000

5,000

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

4,504

9,511

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A of £1 each

3,334

3,334

3,334

3,334

Ordinary B of £1 each

3,333

3,333

3,333

3,333

6,667

6,667

6,667

6,667