IRIS Accounts Production v24.3.2.46 00852320 Board of Directors 1.7.23 30.6.24 30.6.24 Medium entities true false true true false false true true true false These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh008523202023-06-30008523202024-06-30008523202023-07-012024-06-30008523202022-06-30008523202022-07-012023-06-30008523202023-06-3000852320ns15:EnglandWales2023-07-012024-06-3000852320ns14:PoundSterling2023-07-012024-06-3000852320ns10:Director12023-07-012024-06-3000852320ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3000852320ns10:MediumEntities2023-07-012024-06-3000852320ns10:Audited2023-07-012024-06-3000852320ns10:Medium-sizedCompaniesRegimeForDirectorsReport2023-07-012024-06-3000852320ns10:Medium-sizedCompaniesRegimeForAccounts2023-07-012024-06-3000852320ns10:FullAccounts2023-07-012024-06-3000852320ns10:OrdinaryShareClass12023-07-012024-06-3000852320ns10:Director22023-07-012024-06-3000852320ns10:Director32023-07-012024-06-3000852320ns10:Director42023-07-012024-06-3000852320ns10:Director52023-07-012024-06-3000852320ns10:CompanySecretary12023-07-012024-06-3000852320ns10:RegisteredOffice2023-07-012024-06-3000852320ns5:CurrentFinancialInstruments2024-06-3000852320ns5:CurrentFinancialInstruments2023-06-3000852320ns5:Non-currentFinancialInstruments2024-06-3000852320ns5:Non-currentFinancialInstruments2023-06-3000852320ns5:ShareCapital2024-06-3000852320ns5:ShareCapital2023-06-3000852320ns5:CapitalRedemptionReserve2024-06-3000852320ns5:CapitalRedemptionReserve2023-06-3000852320ns5:RetainedEarningsAccumulatedLosses2024-06-3000852320ns5:RetainedEarningsAccumulatedLosses2023-06-3000852320ns5:ShareCapital2022-06-3000852320ns5:RetainedEarningsAccumulatedLosses2022-06-3000852320ns5:CapitalRedemptionReserve2022-06-3000852320ns5:RetainedEarningsAccumulatedLosses2022-07-012023-06-3000852320ns5:CapitalRedemptionReserve2022-07-012023-06-3000852320ns5:RetainedEarningsAccumulatedLosses2023-07-012024-06-3000852320ns5:CapitalRedemptionReserve2023-07-012024-06-300085232012023-07-012024-06-3000852320ns5:ReportableOperatingSegment12023-07-012024-06-3000852320ns5:ReportableOperatingSegment12022-07-012023-06-3000852320ns5:ReportableOperatingSegment22023-07-012024-06-3000852320ns5:ReportableOperatingSegment22022-07-012023-06-3000852320ns5:TotalReportableOperatingSegmentsIncludingAnyUnallocatedAmount2023-07-012024-06-3000852320ns5:TotalReportableOperatingSegmentsIncludingAnyUnallocatedAmount2022-07-012023-06-3000852320ns15:UnitedKingdom2023-07-012024-06-3000852320ns15:UnitedKingdom2022-07-012023-06-3000852320ns15:Europe2023-07-012024-06-3000852320ns15:Europe2022-07-012023-06-3000852320ns5:TotalGeographicSegmentsIncludingAnyUnallocatedAmount2023-07-012024-06-3000852320ns5:TotalGeographicSegmentsIncludingAnyUnallocatedAmount2022-07-012023-06-3000852320ns5:OwnedAssets2023-07-012024-06-3000852320ns5:OwnedAssets2022-07-012023-06-3000852320112023-07-012024-06-3000852320112022-07-012023-06-3000852320ns5:HirePurchaseContracts2023-07-012024-06-3000852320ns5:HirePurchaseContracts2022-07-012023-06-3000852320ns5:LongLeaseholdAssetsns5:LandBuildings2023-06-3000852320ns5:PlantMachinery2023-06-3000852320ns5:MotorVehicles2023-06-3000852320ns5:LongLeaseholdAssetsns5:LandBuildings2023-07-012024-06-3000852320ns5:PlantMachinery2023-07-012024-06-3000852320ns5:MotorVehicles2023-07-012024-06-3000852320ns5:LongLeaseholdAssetsns5:LandBuildings2024-06-3000852320ns5:PlantMachinery2024-06-3000852320ns5:MotorVehicles2024-06-3000852320ns5:LongLeaseholdAssetsns5:LandBuildings2023-06-3000852320ns5:PlantMachinery2023-06-3000852320ns5:MotorVehicles2023-06-3000852320ns5:LeasedAssetsHeldAsLessee2023-07-012024-06-3000852320ns5:UnlistedNon-exchangeTradedns5:CostValuation2023-06-3000852320ns5:UnlistedNon-exchangeTradedns5:RevaluationsIncreaseDecreaseInInvestments2024-06-3000852320ns5:UnlistedNon-exchangeTradedns5:CostValuation2024-06-3000852320ns5:UnlistedNon-exchangeTraded2024-06-3000852320ns5:UnlistedNon-exchangeTraded2023-06-3000852320ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3000852320ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3000852320ns5:CurrentFinancialInstruments2023-07-012024-06-3000852320ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-06-3000852320ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-06-3000852320ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-06-3000852320ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-06-3000852320ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-06-3000852320ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-06-3000852320ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-06-3000852320ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-06-3000852320ns5:HirePurchaseContracts2024-06-3000852320ns5:HirePurchaseContracts2023-06-3000852320ns5:WithinOneYear2024-06-3000852320ns5:WithinOneYear2023-06-3000852320ns5:BetweenOneFiveYears2024-06-3000852320ns5:BetweenOneFiveYears2023-06-3000852320ns5:MoreThanFiveYears2024-06-3000852320ns5:MoreThanFiveYears2023-06-3000852320ns5:AllPeriods2024-06-3000852320ns5:AllPeriods2023-06-3000852320ns5:DeferredTaxation2023-06-3000852320ns5:DeferredTaxation2023-07-012024-06-3000852320ns5:DeferredTaxation2024-06-3000852320ns10:OrdinaryShareClass12024-06-3000852320ns5:RetainedEarningsAccumulatedLosses2023-06-3000852320ns5:CapitalRedemptionReserve2023-06-3000852320ns5:OtherRelatedPartyRelationshipType1ComponentTotalRelatedParties2023-07-012024-06-3000852320ns5:OtherRelatedPartyRelationshipType1ComponentTotalRelatedParties2022-07-012023-06-3000852320ns5:OtherRelatedPartyRelationshipType1ComponentTotalRelatedParties2024-06-3000852320ns5:OtherRelatedPartyRelationshipType1ComponentTotalRelatedParties2023-06-3000852320ns5:OtherRelatedParties2023-07-012024-06-3000852320ns5:OtherRelatedParties2022-07-012023-06-3000852320ns5:OtherRelatedParties2024-06-3000852320ns5:OtherRelatedParties2023-06-30
REGISTERED NUMBER: 00852320 (England and Wales)















C. S. ELLIS (GROUP) LIMITED

STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






C. S. ELLIS (GROUP) LIMITED (REGISTERED NUMBER: 00852320)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 4 to 6

Income Statement 7

Other Comprehensive Income 8

Statement of Financial Position 9

Statement of Changes in Equity 10

Notes to the Financial Statements 11 to 19


C. S. ELLIS (GROUP) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: D J Clarke
Ms H E Cook
C S Ellis
T C Ellis
S J Gray





SECRETARY: C S Ellis





REGISTERED OFFICE: Wireless Hill
South Luffenham
Oakham
Leicestershire.
LE15 8NF





REGISTERED NUMBER: 00852320 (England and Wales)





AUDITORS: Duncan & Toplis Audit Limited, Statutory Auditor
Enterprise Way
Pinchbeck
Spalding
Lincolnshire
PE11 3YR

C. S. ELLIS (GROUP) LIMITED (REGISTERED NUMBER: 00852320)

STRATEGIC REPORT
FOR THE YEAR ENDED 30 JUNE 2024

The directors present their strategic report for the year ended 30 June 2024.

REVIEW OF BUSINESS
The Directors are pleased to present a strong set of results delivered during challenging year. The period marked the first 12 months trading under the ‘C S Ellis Logistics’ brand which followed the transfer of the trade and assets of the warehousing and fulfilment sister company, Pacwolf Fulfilment Limited, into CS Ellis (Group) Limited at the end of the June 2023. These numbers report on the new, combined logistics operation.

The financial year started with a lag from new business replacing expiring contracts. However, this work had more than been restored by the beginning of January with new contracts being finalised, both in warehousing and transport, and putting the company into a growth cycle again. The company continued to invest and replace equipment, purchasing 12 new trucks over the course of the year, recruiting a key senior role and investing in new IT systems. This infrastructure will enable the company to remain proactive and resilient throughout the current market conditions.

Turnover grew from £15.1m to £20.6m, a £5.5m increase as a result of the inclusion of the warehousing and fulfilment operations. The equivalent combined turnover for 2023 would have been higher at £22.2. Profit before tax at £751k is an increase on the £485k made in C S Ellis Group Ltd last year. These metrics for the business represent an overall drop from the comparative year as a result of the quiet start and also as a result of the prior year being exceptional with unprecedented customer demand for transport services, The results for 2024 are still considered to be excellent and more sustainable long term.

PRINCIPAL RISKS AND UNCERTAINTIES
The Directors have assessed the main risks facing the group as the adherence to best health and safety practices, recruiting and retaining staff and also balancing the continuing inflationary, wage and tax increases along with charging a fair, competitive price to customers. These have all been reviewed and carefully managed by the management, facilities and HR teams.

ON BEHALF OF THE BOARD:





C S Ellis - Director


23 December 2024

C. S. ELLIS (GROUP) LIMITED (REGISTERED NUMBER: 00852320)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 JUNE 2024

The directors present their report with the financial statements of the company for the year ended 30 June 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of haulage, freight transport and fulfilment activities.

DIVIDENDS
No dividends will be distributed for the year ended 30 June 2024.

FUTURE DEVELOPMENTS
The company continues to invest in people and infrastructure with a view to retaining their long term competitiveness. Current projects across the companies include building, IT systems and solar panels.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 July 2023 to the date of this report.

D J Clarke
Ms H E Cook
C S Ellis
T C Ellis
S J Gray

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Duncan & Toplis Audit Limited, Statutory Auditor, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





C S Ellis - Director


23 December 2024

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
C. S. ELLIS (GROUP) LIMITED

Opinion
We have audited the financial statements of C. S. Ellis (Group) Limited (the 'company') for the year ended 30 June 2024 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 30 June 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
C. S. ELLIS (GROUP) LIMITED


Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We have identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial experience, knowledge of the sector, a review of regulatory and legal correspondence and through discussions with directors and other management obtained as part of the work required by auditing standards. We have also discussed with the directors and other management the policies and procedures relating to compliance with laws and regulations. We communicated laws and regulations throughout the team and remained alert to any indications of non-compliance throughout the audit.

The potential impact of different laws and regulations varies considerably. Firstly, the company is subject to laws and regulations that directly impact the financial statements (for example financial reporting legislation) and we have assessed the extent of compliance with such laws and regulations as part of our financial statements audit. This included the identification and testing of unusual material journal entries and challenging management on key areas of uncertainty being the estimates, assumptions and judgements made in the preparation of the financial statements. These key areas of uncertainty are disclosed in the accounting policies.

Secondly, the company is subject to other laws and regulations where the consequence for non-compliance could have a material effect on the amounts or disclosures in the financial statements. We identified the following areas as those most likely to have such an effect: Health and Safety regulations, Haulage and operator regulations and Employment laws. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the directors and other management and inspection. This inspection included a review of the external audits conducted in the year, confirmation of renewed relevant memberships and licenses and a detailed walkthrough of Health and Safety controls. Through these procedures, if we became aware of any non-compliance, we considered the impact on the procedures performed on the related financial statements items.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. The further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. As with any audit, there is a greater risk of non-detection of irregularities as these may involve collusion, international omissions of the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
C. S. ELLIS (GROUP) LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Alistair Main FCA (Senior Statutory Auditor)
for and on behalf of Duncan & Toplis Audit Limited, Statutory Auditor
Enterprise Way
Pinchbeck
Spalding
Lincolnshire
PE11 3YR

23 December 2024

C. S. ELLIS (GROUP) LIMITED (REGISTERED NUMBER: 00852320)

INCOME STATEMENT
FOR THE YEAR ENDED 30 JUNE 2024

2024 2023
Notes £    £   

TURNOVER 3 20,633,999 15,121,001

Cost of sales 16,067,465 10,857,641
GROSS PROFIT 4,566,534 4,263,360

Administrative expenses 3,986,995 3,703,909
OPERATING PROFIT 5 579,539 559,451

Income from fixed asset investments 6,767 11,892
586,306 571,343
Gain/loss on revaluation of investments 212,100 -
798,406 571,343

Interest payable and similar expenses 6 47,520 85,896
PROFIT BEFORE TAXATION 750,886 485,447

Tax on profit 7 103,075 39,867
PROFIT FOR THE FINANCIAL YEAR 647,811 445,580

C. S. ELLIS (GROUP) LIMITED (REGISTERED NUMBER: 00852320)

OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 JUNE 2024

2024 2023
Notes £    £   

PROFIT FOR THE YEAR 647,811 445,580


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR THE YEAR 647,811 445,580

C. S. ELLIS (GROUP) LIMITED (REGISTERED NUMBER: 00852320)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 3,485,312 2,652,731
Investments 9 741,059 528,959
4,226,371 3,181,690

CURRENT ASSETS
Stocks 10 41,429 53,177
Debtors 11 7,524,338 8,236,000
Cash at bank and in hand 416,159 470,274
7,981,926 8,759,451
CREDITORS
Amounts falling due within one year 12 5,327,833 5,904,275
NET CURRENT ASSETS 2,654,093 2,855,176
TOTAL ASSETS LESS CURRENT LIABILITIES 6,880,464 6,036,866

CREDITORS
Amounts falling due after more than one year 13 (1,415,665 ) (1,447,637 )

PROVISIONS FOR LIABILITIES 17 (622,475 ) (394,716 )
NET ASSETS 4,842,324 4,194,513

CAPITAL AND RESERVES
Called up share capital 18 12,780 12,780
Capital redemption reserve 19 3,041 3,041
Retained earnings 19 4,826,503 4,178,692
SHAREHOLDERS' FUNDS 4,842,324 4,194,513

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2024 and were signed on its behalf by:





C S Ellis - Director


C. S. ELLIS (GROUP) LIMITED (REGISTERED NUMBER: 00852320)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2024

Called up Capital
share Retained redemption Total
capital earnings reserve equity
£    £    £    £   
Balance at 1 July 2022 12,780 3,733,112 3,041 3,748,933

Changes in equity
Total comprehensive income - 445,580 - 445,580
Balance at 30 June 2023 12,780 4,178,692 3,041 4,194,513

Changes in equity
Total comprehensive income - 647,811 - 647,811
Balance at 30 June 2024 12,780 4,826,503 3,041 4,842,324

C. S. ELLIS (GROUP) LIMITED (REGISTERED NUMBER: 00852320)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

C. S. Ellis (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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows;
the requirement of paragraph 3.17(d);
the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A.

The company has taken advantage of these exemptions under FRS 102 as the ultimate parent company C.S. Ellis (Holdings) Limited prepares consolidated accounts. A copy of these accounts can be obtained at Companies House.

Preparation of consolidated financial statements
The financial statements contain information about C. S. Ellis (Group) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, C S Ellis (Holdings) Limited, .

Related party exemption
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.

Critical accounting judgements and key sources of estimation uncertainty
Some of the amounts included in the financial statements involve the use of judgement and/or estimation. These judgements and estimates are based on the director's prior experiences and using their best knowledge of the relevant facts and circumstances. Actual results may differ from the amounts included in the financial statements. Information about such judgements and estimations is included in the accounting policies and/or notes to the accounts. The key areas are summarised below;

Judgements in applying accounting policies
- The directors must judge whether all of the conditions required for the turnover to be recognised in profit and loss for the financial year, as set out in revenue note, have been met.

Sources of estimation uncertainty
- Insurance provisions are based on amounts expected to be paid out in respect of insurance claims
- Bad debt provision is reviewed on a client by client basis and estimated based on the likelihood of debt being recovered.
- Depreciation and amortisation rates are based on estimates of the useful economic lives and residual values of the assets involved.

Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Revenue from haulage and freight transport services is recognised in the period in which the services are provided.

C. S. ELLIS (GROUP) LIMITED (REGISTERED NUMBER: 00852320)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets under the cost model, other than investment properties, are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of the assets less their residual value over their estimated useful economic lives, using the straight-line method.

Depreciation is provided on the following basis;

Long term leasehold property improvements9% to 25% per annum straight line
Plant and machinery5-25% per annum straight line and reducing balance
Motor vehicles10% to 33% per annum straight line

The assets' residual values, useful economic lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive income.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell and after making due allowance for obsolete and slow moving items.

Financial instruments
The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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 payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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 statement of financial position date.


C. S. ELLIS (GROUP) LIMITED (REGISTERED NUMBER: 00852320)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 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 statement of financial position 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.

Debtors and creditors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured at amortised cost using the effective interest method.

Finance costs
Finance costs are charged to the Statement of Comprehensive income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issues costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

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 Comprehensive income 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 the Balance Sheet.

3. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by class of business is given below:

2024 2023
£    £   
Haulage 13,189,920 15,121,001
Storage 7,444,079 -
20,633,999 15,121,001

An analysis of turnover by geographical market is given below:

2024 2023
£    £   
United Kingdom 20,351,155 14,896,505
Europe 282,844 224,496
20,633,999 15,121,001

C. S. ELLIS (GROUP) LIMITED (REGISTERED NUMBER: 00852320)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 5,711,610 3,863,378
Social security costs 548,888 444,899
Other pension costs 132,424 112,571
6,392,922 4,420,848

The average number of employees during the year was as follows:
2024 2023

Haulage and storage 128 73
Administration 48 42
176 115

2024 2023
£    £   
Directors' remuneration 136,265 488,450
Directors' pension contributions to money purchase schemes 7,688 44,363

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 1 5

During the period, majority of Director remuneration has been transferred into the parent entity of the group. Leaving one Director remunerated through C.S. Ellis (Group) Limited.

5. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2024 2023
£    £   
Depreciation - owned assets 794,489 739,231
Profit on disposal of fixed assets (13,732 ) (91,336 )
Auditors' remuneration 27,000 27,750
Foreign exchange differences 2,980 (12 )
Operating lease rentals 1,353,335 294,528

6. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Bank loan interest 165 55,826
Hire purchase interest 47,355 30,070
47,520 85,896

C. S. ELLIS (GROUP) LIMITED (REGISTERED NUMBER: 00852320)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
Adjustments in respect of previous periods - (41,787 )
Payment for group relief (124,684 ) 21,361
Total current tax (124,684 ) (20,426 )

Deferred tax 227,759 60,293
Tax on profit 103,075 39,867

UK corporation tax was charged at 25%) in 2023.

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 750,886 485,447
Profit multiplied by the standard rate of corporation tax in the UK of 25% (2023 -
25%)

187,722

121,362

Effects of:
Expenses not deductible for tax purposes 4,941 -
Income not taxable for tax purposes (61,944 ) (2,519 )
Capital allowances in excess of depreciation (31,140 ) (9,300 )
Adjustments to tax charge in respect of previous periods - (41,787 )
Group Relief 5,950 -
Other timing differences (2,454 ) (3,616 )
Change in tax rates - (24,273 )
Total tax charge 103,075 39,867

C. S. ELLIS (GROUP) LIMITED (REGISTERED NUMBER: 00852320)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

8. TANGIBLE FIXED ASSETS
Long Plant and Motor
leasehold machinery vehicles Totals
£    £    £    £   
COST
At 1 July 2023 1,037,253 3,988,425 5,172,557 10,198,235
Additions - 81,731 1,594,846 1,676,577
Disposals - (230,822 ) (699,859 ) (930,681 )
At 30 June 2024 1,037,253 3,839,334 6,067,544 10,944,131
DEPRECIATION
At 1 July 2023 799,698 3,615,795 3,130,011 7,545,504
Charge for year 65,019 192,390 537,080 794,489
Eliminated on disposal - (229,768 ) (651,406 ) (881,174 )
At 30 June 2024 864,717 3,578,417 3,015,685 7,458,819
NET BOOK VALUE
At 30 June 2024 172,536 260,917 3,051,859 3,485,312
At 30 June 2023 237,555 372,630 2,042,546 2,652,731

The net book value of assets held under hire purchase contracts, included above, is £2,093,796 (2023 £1,560,157)

9. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST OR VALUATION
At 1 July 2023 528,959
Revaluations 212,100
At 30 June 2024 741,059
NET BOOK VALUE
At 30 June 2024 741,059
At 30 June 2023 528,959

Included in the above are investments held at valuation amounting to £732,060 (2023 - £519,960), the original cost of these investments was £112,750 (2023 - £112,750).

10. STOCKS
2024 2023
£    £   
Stocks 41,429 53,177

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,839,620 3,238,054
Amounts owed by group undertakings 2,702,723 4,429,668
Other debtors 670 83,409
Directors' current accounts 188,102 -
Tax 83,245 -
Prepayments and accrued income 709,978 484,869
7,524,338 8,236,000

C. S. ELLIS (GROUP) LIMITED (REGISTERED NUMBER: 00852320)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Amounts owed by group undertakings are unsecured, interest free and repayable on demand.

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 14) 983,780 151,385
Hire purchase contracts (see note 15) 722,718 452,926
Trade creditors 2,168,536 1,555,935
Amounts owed to group undertakings 79,662 1,409,557
Other taxes and social security 200,196 196,100
VAT 433,108 214,342
Other creditors 309,323 564,136
Directors' current accounts - 2,985
Accruals and deferred income 430,510 1,356,909
5,327,833 5,904,275

Amounts owed to group undertakings are unsecured, interest free and repayable on demand.

Included within other creditors are amounts due under an invoice financing facility amounting to £Nil (2023: £449,917).

13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 14) - 668,209
Hire purchase contracts (see note 15) 1,415,665 779,428
1,415,665 1,447,637

14. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 983,780 151,385

Amounts falling due between one and two years:
Bank loans - 1-2 years - 151,385

Amounts falling due between two and five years:
Bank loans - 2-5 years - 516,824

15. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 722,718 452,926
Between one and five years 1,415,665 779,428
2,138,383 1,232,354

C. S. ELLIS (GROUP) LIMITED (REGISTERED NUMBER: 00852320)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

15. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 1,457,765 1,171,500
Between one and five years 2,954,596 3,040,803
In more than five years 21,420 -
4,433,781 4,212,303

16. SECURED DEBTS

Obligations under hire purchase contracts are secured on the assets to which they relate.

Amounts due under an invoice financing facility are secured against the trade debtors of the Company.

17. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 612,658 341,783
Other timing differences 9,817 (35,017 )
Unrealised gain on fixed asset - 87,950
622,475 394,716

Deferred
tax
£   
Balance at 1 July 2023 394,716
Provided during year 227,759
Acquired from subsidiary
Balance at 30 June 2024 622,475

18. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
12,780 Ordinary 1 12,780 12,780

19. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 July 2023 4,178,692 3,041 4,181,733
Profit for the year 647,811 647,811
At 30 June 2024 4,826,503 3,041 4,829,544

Other reserves represent the nominal value of shares repurchased by the Company.

The profit and loss account represents the cumulative profits and losses of the Company.

C. S. ELLIS (GROUP) LIMITED (REGISTERED NUMBER: 00852320)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

20. PENSION COMMITMENTS

The Company operates a defined contributions 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 £124,736 (2023 £112,572). Contributions totalling £15,654 (2023 - £14,751) were payable to the fund at the balance sheet date and are included within creditors.

21. CONTINGENT LIABILITIES

The Company is a party to a cross guarantee with C S Ellis (Holdings) Limited, Versatile Venues Limited, and Pacwolf Fulfilment Limited, relating to certain debt facilities.

On 15 April 2021 there was an incident involving a roofing contractor working on site which tragically led to a fatality. As such, there are ongoing external investigations. The outcome and timeframe of any potential liability is unknown and cannot be estimated with reliable certainty at the date of approval of these financial statements.

22. RELATED PARTY DISCLOSURES

Entities over which the entity has control, joint control or significant influence
2024 2023
£    £   
Sales 592,593 219,300
Purchases 119,326 4,740
Amount due from related party 62,202 -
Amount due to related party 5,595 -

Other related parties
2024 2023
£    £   
Sales 2,193,200 1,946,548
Purchases 3,668,372 3,111,535
Amount due from related party 416,957 410,617
Amount due to related party 786,887 599,679

23. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is T C Ellis, C S Ellis and H E Cook.

The ultimate and immediate parent company is C. S. Ellis (Holdings) Limited, a Company incorporated and registered in England and Wales. The largest and smallest group in which the consolidated results of the Company are available is headed by C. S. Ellis (Holdings) Limited. Copies of its consolidated financial statements are available from Companies House.