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REGISTERED NUMBER: 08405320 (England and Wales)















C.S. ELLIS (HOLDINGS) LIMITED

GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






C.S. ELLIS (HOLDINGS) LIMITED (REGISTERED NUMBER: 08405320)






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




Page

Company Information 1

Group Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 4 to 6

Consolidated Income Statement 7

Consolidated Other Comprehensive Income 8

Consolidated Statement of Financial Position 9

Company Statement of Financial Position 10

Consolidated Statement of Changes in Equity 11

Company Statement of Changes in Equity 12

Consolidated Statement of Cash Flows 13

Notes to the Consolidated Statement of Cash Flows 14

Notes to the Consolidated Financial Statements 15 to 28


C.S. ELLIS (HOLDINGS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







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





SECRETARY: C S Ellis





REGISTERED OFFICE: Wireless Hill
South Luffenham
Oakham
Rutland
LE15 8NF





REGISTERED NUMBER: 08405320 (England and Wales)





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

C.S. ELLIS (HOLDINGS) LIMITED (REGISTERED NUMBER: 08405320)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 30 JUNE 2024

The directors present their strategic report of the company and the group 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. There were tough market conditions across all the trading businesses, with the logistics sector in particular seeing many challenges.

During the year C S Ellis Group Limited became a 100% shareholder in its investment company Rutland Worldwide Freight Limited, adding another trading business to the group alongside Versatile Venues Limited and Rutland Water Garden Nursery Limited.

There was a common theme across all group companies of investing in assets, people and systems. This improved infrastructure will enable all businesses to remain proactive and resilient throughout the current market conditions and manage with both current and future growth.

The results for the group were steadier than previous years. On the logistics side in C S Ellis Group Ltd this was due to a lag at the start of the financial year from new business replacing expiring contracts. However, this work had been more than replaced 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 other companies saw the impact of the higher cost base more directly, with Versatile Venues Limited having developed a wider service offering to its clients and with Rutland Water Garden Nursery Limited expanding in its first full year in its new shop and restaurant on the south shore of Rutland Water.

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 (HOLDINGS) LIMITED (REGISTERED NUMBER: 08405320)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 JUNE 2024

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

PRINCIPAL ACTIVITY
The principal activity of the group in the year under review was that of the haulage and storage of goods.

DIVIDENDS
Interim dividends amounting to £390,000 (2023 - £251,000) were paid during the year June 2024.

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

GOING CONCERN
The Directors consider that the Group has adequate resources to continue in operational existence for the foreseeable future. Cash has remained in a good position throughout the year and forecasts demonstrate there is sufficient headroom to continue operating for at least one year from approval of the financial statements.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Group 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 the group and of the profit or loss of the group 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group 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 group'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 group'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 (HOLDINGS) LIMITED

Opinion
We have audited the financial statements of C.S. Ellis (Holdings) Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 June 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Statement of Financial Position, Company Statement of Financial Position, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Statement of Cash Flows and Notes to the Consolidated Statement of Cash Flows, 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 group's and of the parent company affairs as at 30 June 2024 and of the group's 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 group 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 group's and the parent 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 Group 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 Group 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 Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

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


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group 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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company 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.

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 group's and the parent 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 group or the parent company or to cease operations, or have no realistic alternative but to do so.

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


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.

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 (HOLDINGS) LIMITED (REGISTERED NUMBER: 08405320)

CONSOLIDATED INCOME STATEMENT
FOR THE YEAR ENDED 30 JUNE 2024

2024 2023
Notes £    £   

TURNOVER 26,586,184 27,487,649

Cost of sales 19,371,959 19,863,844
GROSS PROFIT 7,214,225 7,623,805

Administrative expenses 6,378,320 6,164,150
OPERATING PROFIT 4 835,905 1,459,655

Income from fixed asset investments 6,767 11,892
842,672 1,471,547
Gain/loss on revaluation of investments 212,100 -
1,054,772 1,471,547

Interest payable and similar expenses 5 231,782 195,725
PROFIT BEFORE TAXATION 822,990 1,275,822

Tax on profit 6 224,175 159,496
PROFIT FOR THE FINANCIAL YEAR 598,815 1,116,326
Profit attributable to:
Owners of the parent 589,643 1,089,381
Non-controlling interests 9,172 26,945
598,815 1,116,326

C.S. ELLIS (HOLDINGS) LIMITED (REGISTERED NUMBER: 08405320)

CONSOLIDATED OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 JUNE 2024

2024 2023
Notes £    £   

PROFIT FOR THE YEAR 598,815 1,116,326


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR THE YEAR 598,815 1,116,326

Total comprehensive income attributable to:
Owners of the parent 589,643 1,089,381
Non-controlling interests 9,172 26,945
598,815 1,116,326

C.S. ELLIS (HOLDINGS) LIMITED (REGISTERED NUMBER: 08405320)

CONSOLIDATED STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 9 194,327 237,513
Tangible assets 10 15,843,741 14,581,724
Investments 11 741,059 528,959
Investment property 12 3,205,985 4,177,542
19,985,112 19,525,738

CURRENT ASSETS
Stocks 13 695,038 440,495
Debtors 14 6,097,194 4,849,822
Cash at bank and in hand 787,260 801,466
7,579,492 6,091,783
CREDITORS
Amounts falling due within one year 15 6,590,288 6,343,995
NET CURRENT ASSETS/(LIABILITIES) 989,204 (252,212 )
TOTAL ASSETS LESS CURRENT LIABILITIES 20,974,316 19,273,526

CREDITORS
Amounts falling due after more than one year 16 (4,556,075 ) (3,247,309 )

PROVISIONS FOR LIABILITIES 20 (1,833,822 ) (1,635,613 )
NET ASSETS 14,584,419 14,390,604

CAPITAL AND RESERVES
Called up share capital 21 12,780 12,780
Revaluation reserve 22 337,516 337,516
Capital redemption reserve 22 3,043 3,043
Retained earnings 22 14,222,016 14,022,373
SHAREHOLDERS' FUNDS 14,575,355 14,375,712

NON-CONTROLLING INTERESTS 9,064 14,892
TOTAL EQUITY 14,584,419 14,390,604

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 (HOLDINGS) LIMITED (REGISTERED NUMBER: 08405320)

COMPANY STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 9 - -
Tangible assets 10 177,653 188,942
Investments 11 966,588 966,588
Investment property 12 12,362,501 13,334,058
13,506,742 14,489,588

CURRENT ASSETS
Debtors 14 4,866,131 4,960,801
Cash at bank and in hand 253,160 53,459
5,119,291 5,014,260
CREDITORS
Amounts falling due within one year 15 690,030 3,640,960
NET CURRENT ASSETS 4,429,261 1,373,300
TOTAL ASSETS LESS CURRENT LIABILITIES 17,936,003 15,862,888

CREDITORS
Amounts falling due after more than one year 16 (2,909,396 ) (1,735,403 )

PROVISIONS FOR LIABILITIES 20 (897,958 ) (1,145,908 )
NET ASSETS 14,128,649 12,981,577

CAPITAL AND RESERVES
Called up share capital 21 12,780 12,780
Retained earnings 22 14,115,869 12,968,797
SHAREHOLDERS' FUNDS 14,128,649 12,981,577

Company's profit for the financial year 1,537,072 587,815

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 (HOLDINGS) LIMITED (REGISTERED NUMBER: 08405320)

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

Called up
share Retained Revaluation
capital earnings reserve
£    £    £   
Balance at 1 July 2022 12,780 13,183,992 337,516

Changes in equity
Dividends - (251,000 ) -
Total comprehensive income - 1,089,381 -
Balance at 30 June 2023 12,780 14,022,373 337,516

Changes in equity
Dividends - (390,000 ) -
Total comprehensive income - 589,643 -
Balance at 30 June 2024 12,780 14,222,016 337,516
Capital
redemption Non-controlling Total
reserve Total interests equity
£    £    £    £   
Balance at 1 July 2022 3,043 13,537,331 2,947 13,540,278

Changes in equity
Dividends - (251,000 ) (15,000 ) (266,000 )
Total comprehensive income - 1,089,381 26,945 1,116,326
Balance at 30 June 2023 3,043 14,375,712 14,892 14,390,604

Changes in equity
Dividends - (390,000 ) (15,000 ) (405,000 )
Total comprehensive income - 589,643 9,172 598,815
Balance at 30 June 2024 3,043 14,575,355 9,064 14,584,419

C.S. ELLIS (HOLDINGS) LIMITED (REGISTERED NUMBER: 08405320)

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

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 July 2022 12,780 12,631,982 12,644,762

Changes in equity
Dividends - (251,000 ) (251,000 )
Total comprehensive income - 587,815 587,815
Balance at 30 June 2023 12,780 12,968,797 12,981,577

Changes in equity
Dividends - (390,000 ) (390,000 )
Total comprehensive income - 1,537,072 1,537,072
Balance at 30 June 2024 12,780 14,115,869 14,128,649

C.S. ELLIS (HOLDINGS) LIMITED (REGISTERED NUMBER: 08405320)

CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 1,029,994 4,156,964
Interest paid (177,726 ) (165,655 )
Interest element of hire purchase payments paid (54,056 ) (30,070 )
Tax paid (102,637 ) -
Taxation refund - 71,928
Net cash from operating activities 695,575 4,033,167

Cash flows from investing activities
Purchase of tangible fixed assets (3,023,525 ) (4,017,068 )
Purchase of investment property (451,500 ) -
Sale of tangible fixed assets 151,007 239,471
Sale of investment property 1,400,000 -
Dividends received 6,767 11,892
Net cash from investing activities (1,917,251 ) (3,765,705 )

Cash flows from financing activities
New loans in year 1,500,000 -
Loan repayments in year (798,596 ) (422,595 )
Capital repayments in year (548,120 ) (371,008 )
Amount introduced by directors - 2,985
Amount withdrawn by directors (192,344 ) (420 )
New HP 1,636,530 -
Equity dividends paid (390,000 ) (251,000 )
Net cash from financing activities 1,207,470 (1,042,038 )

Decrease in cash and cash equivalents (14,206 ) (774,576 )
Cash and cash equivalents at beginning of year 2 801,466 1,576,042

Cash and cash equivalents at end of year 2 787,260 801,466

C.S. ELLIS (HOLDINGS) LIMITED (REGISTERED NUMBER: 08405320)

NOTES TO THE CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2024

1. RECONCILIATION OF PROFIT FOR THE FINANCIAL YEAR TO CASH GENERATED FROM OPERATIONS

2024 2023
£    £   
Profit for the financial year 598,815 1,116,326
Depreciation charges 1,700,164 1,604,317
Profit on disposal of fixed assets (66,607 ) (226,063 )
Gain on revaluation of fixed assets (212,100 ) -
Amortisation 43,186 43,186
Finance costs 231,782 195,725
Finance income (6,767 ) (11,892 )
Taxation 224,175 159,496
2,512,648 2,881,095
(Increase)/decrease in stocks (254,543 ) 18,863
(Increase)/decrease in trade and other debtors (965,622 ) 1,948,416
Decrease in trade and other creditors (262,489 ) (691,410 )
Cash generated from operations 1,029,994 4,156,964

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 30 June 2024
30.6.24 1.7.23
£    £   
Cash and cash equivalents 787,260 801,466
Year ended 30 June 2023
30.6.23 1.7.22
£    £   
Cash and cash equivalents 801,466 1,576,042


3. ANALYSIS OF CHANGES IN NET DEBT

At 1.7.23 Cash flow At 30.6.24
£    £    £   
Net cash
Cash at bank and in hand 801,466 (14,206 ) 787,260
801,466 (14,206 ) 787,260
Debt
Finance leases (1,487,654 ) (1,088,410 ) (2,576,064 )
Debts falling due within 1 year (1,115,160 ) (163,164 ) (1,278,324 )
Debts falling due after 1 year (2,273,786 ) (538,240 ) (2,812,026 )
(4,876,600 ) (1,789,814 ) (6,666,414 )
Total (4,075,134 ) (1,804,020 ) (5,879,154 )

C.S. ELLIS (HOLDINGS) LIMITED (REGISTERED NUMBER: 08405320)

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

1. STATUTORY INFORMATION

C.S. Ellis (Holdings) 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 General 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.

The Directors consider that the Group has adequate resources to continue in operational existence for the foreseeable future. Cash has remained in a good position throughout the year and forecasts demonstrate there is sufficient headroom to continue operating for at least one year from approval of the financial statements.

Basis of consolidation
The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.

The consolidated financial statements incorporate the results of business combinations using the purchase method. In the balance sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the consolidated profit and loss account from the date on which control is obtained. They are deconsolidated from the date control ceases.

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.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

Critical accounting judgements and key sources of estimation uncertainty
The Group and Parent Company make estimates and assumptions concerning the future. The Directors are also required to exercise judgement in the process of applying the Group's accounting policies. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.
In preparing these financial statements, the Directors have made the following judgements:

Property valuation

The Directors make judgements with regards to the market value of the property held for investment. A combination of factors are considered in determining this value including property yields, relevant price indices and levels of economic uncertainty, alongside application of the Directors industry knowledge. The proportion of the mixed use property is calculated based on estimated floor space.

Other sources of estimation uncertainty are as follows:

- 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.

C.S. ELLIS (HOLDINGS) LIMITED (REGISTERED NUMBER: 08405320)

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

2. ACCOUNTING POLICIES - continued

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

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.

Goods sales are recognised when ownership of the goods passes.

Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer's interest in the fair value of the Group's share of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the consolidated profit and loss account over its useful economic life of 10 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 20% on cost and 4% on cost
Plant and machinery - 25% on cost and 20% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

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.

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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

C.S. ELLIS (HOLDINGS) LIMITED (REGISTERED NUMBER: 08405320)

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

2. ACCOUNTING POLICIES - continued

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 Consolidated 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.

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 group operates a defined contribution pension scheme. Contributions payable to the group'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.

C.S. ELLIS (HOLDINGS) LIMITED (REGISTERED NUMBER: 08405320)

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

2. ACCOUNTING POLICIES - continued

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. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 8,458,916 7,899,051
Social security costs 603,463 444,899
Other pension costs 169,190 118,750
9,231,569 8,462,700

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

Haulage and storage 138 147
Administration 63 68
Nursery 54 32
255 247

The average number of employees by undertakings that were proportionately consolidated during the year was 254 (2023 - 246 ) .

2024 2023
£    £   
Directors' remuneration 584,914 425,097
Directors' pension contributions to money purchase schemes 14,454 43,930

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

Money purchase schemes 4 4

Information regarding the highest paid director is as follows:
2024 2023
£    £   
Emoluments etc 168,748 155,295
Pension contributions to money purchase schemes 1,317 16,317

C.S. ELLIS (HOLDINGS) LIMITED (REGISTERED NUMBER: 08405320)

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

4. OPERATING PROFIT

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

2024 2023
£    £   
Depreciation - owned assets 1,700,165 1,561,129
Profit on disposal of fixed assets (66,607 ) (226,063 )
Goodwill amortisation 43,186 43,186
Auditors' remuneration 27,000 27,750
Foreign exchange differences 5,052 (458 )
Operating lease rentals 1,353,335 294,528

5. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Bank loan interest 177,726 165,655
Hire purchase interest 54,056 30,070
231,782 195,725

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 25,967 -
Adjustment re previous years - (91,764 )
Total current tax 25,967 (91,764 )

Deferred tax 198,208 251,260
Tax on profit 224,175 159,496

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

C.S. ELLIS (HOLDINGS) LIMITED (REGISTERED NUMBER: 08405320)

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

6. TAXATION - continued

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

2024 2023
£    £   
Profit before tax 822,990 1,275,822
Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2023 -
25 %)

205,748

318,956

Effects of:
Expenses not deductible for tax purposes 14,172 -
Income not taxable for tax purposes (292,486 ) -
Depreciation in excess of capital allowances 56,810 -
Utilisation of tax losses (25,218 ) -
Adjustments to tax charge in respect of previous periods - (91,764 )
Changes to tax rates - (57,412 )
Other timing differences - (10,284 )
Loss carryforward 265,149 -
Total tax charge 224,175 159,496

7. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


8. DIVIDENDS
2024 2023
£    £   
Ordinary A shares of 1 each
Interim 390,000 251,000

9. INTANGIBLE FIXED ASSETS

Group
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 431,845
AMORTISATION
At 1 July 2023 194,332
Amortisation for year 43,186
At 30 June 2024 237,518
NET BOOK VALUE
At 30 June 2024 194,327
At 30 June 2023 237,513

C.S. ELLIS (HOLDINGS) LIMITED (REGISTERED NUMBER: 08405320)

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

10. TANGIBLE FIXED ASSETS

Group
Freehold Long Plant and
property leasehold machinery
£    £    £   
COST
At 1 July 2023 11,788,610 1,193,696 4,851,297
Additions 476,883 - 228,426
Disposals - - (230,822 )
At 30 June 2024 12,265,493 1,193,696 4,848,901
DEPRECIATION
At 1 July 2023 1,789,003 811,273 4,003,918
Charge for year 171,970 71,028 371,666
Eliminated on disposal - - (229,768 )
At 30 June 2024 1,960,973 882,301 4,145,816
NET BOOK VALUE
At 30 June 2024 10,304,520 311,395 703,085
At 30 June 2023 9,999,607 382,423 847,379

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 304,720 7,509,019 317,973 25,965,315
Additions 125,841 2,188,922 3,453 3,023,525
Disposals - (963,683 ) - (1,194,505 )
At 30 June 2024 430,561 8,734,258 321,426 27,794,335
DEPRECIATION
At 1 July 2023 44,869 4,429,265 305,263 11,383,591
Charge for year 95,050 964,786 2,608 1,677,108
Eliminated on disposal - (880,337 ) - (1,110,105 )
At 30 June 2024 139,919 4,513,714 307,871 11,950,594
NET BOOK VALUE
At 30 June 2024 290,642 4,220,544 13,555 15,843,741
At 30 June 2023 259,851 3,079,754 12,710 14,581,724

The net book value of assets held under hire purchase contracts, included above, is £2,093,796 (2023 £1,749,099)

C.S. ELLIS (HOLDINGS) LIMITED (REGISTERED NUMBER: 08405320)

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

10. TANGIBLE FIXED ASSETS - continued

Company
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 July 2023 188,942 61,500 250,442
Additions 9,277 - 9,277
At 30 June 2024 198,219 61,500 259,719
DEPRECIATION
At 1 July 2023 - 61,500 61,500
Charge for year 20,566 - 20,566
At 30 June 2024 20,566 61,500 82,066
NET BOOK VALUE
At 30 June 2024 177,653 - 177,653
At 30 June 2023 188,942 - 188,942

11. FIXED ASSET INVESTMENTS

Group
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

Cost or valuation at 30 June 2024 is represented by:

Unlisted
investments
£   
Valuation in 2024 212,100
Cost 528,959
741,059

C.S. ELLIS (HOLDINGS) LIMITED (REGISTERED NUMBER: 08405320)

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

11. FIXED ASSET INVESTMENTS - continued

Company
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 966,588
NET BOOK VALUE
At 30 June 2024 966,588
At 30 June 2023 966,588

The group or the company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Subsidiaries

C.S.Ellis (Group) Limited
Registered office:
Nature of business: Transport and haulage
%
Class of shares: holding
Ordinary 100.00

Pacwolf Fulfilment
Registered office:
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00

Versatile Venues Limited
Registered office:
Nature of business: Hire of exhibition trailers
%
Class of shares: holding
Ordinary 85.00

Multum Gin Parvo Limited
Registered office:
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00

Rutland Water Garden Nursery Limited
Registered office:
Nature of business: Garden Centre
%
Class of shares: holding
Ordinary 100.00


C.S. ELLIS (HOLDINGS) LIMITED (REGISTERED NUMBER: 08405320)

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

11. FIXED ASSET INVESTMENTS - continued


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).

The registered office of the subsidiary undertakings is Wireless Hill, South Luffenham, Oakham, Rutland, LE15 8NF.

Rutland Water Garden Nursery Limited and Pacwolf Fulfilment Limited are exempt from the requirements to obtain an audit of its financial statements by virtue of section 479A of the Companies Act 2006. C. S Ellis (Holdings) Limited guarantees the liabilities of Rutland Water Garden Nursery Limited and Pacwolf Fulfilment Limited under section 479C of the Companies Act 2006 in respect of the financial year ended 30 June 2024.

12. INVESTMENT PROPERTY

Group
Total
£   
FAIR VALUE
At 1 July 2023 4,200,599
Additions 451,500
Disposals (1,400,000 )
At 30 June 2024 3,252,099
DEPRECIATION
At 1 July 2023 23,057
Charge for year 23,057
At 30 June 2024 46,114
NET BOOK VALUE
At 30 June 2024 3,205,985
At 30 June 2023 4,177,542

The 2022 valuations were made by the Directors, on an open market value for existing use basis. The historical cost of the freehold investment property amounts to £1,869,384 (2023 - £1,8698,384).

Company
Total
£   
FAIR VALUE
At 1 July 2023 13,357,115
Additions 451,500
Disposals (1,400,000 )
At 30 June 2024 12,408,615
DEPRECIATION
At 1 July 2023 23,057
Charge for year 23,057
At 30 June 2024 46,114
NET BOOK VALUE
At 30 June 2024 12,362,501
At 30 June 2023 13,334,058

The 2022 valuations were made by the Directors, on an open market value for existing use basis. The historical cost of the freehold investment property amounts to £7,526,131 (2023 - £7,526,131).

C.S. ELLIS (HOLDINGS) LIMITED (REGISTERED NUMBER: 08405320)

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

13. STOCKS

Group
2024 2023
£    £   
Stocks 695,038 440,495

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Trade debtors 4,569,593 3,812,296 27,000 54,000
Amounts owed by group undertakings - - 4,746,870 4,746,950
Other debtors 85,251 193,279 50,000 50,000
Directors' current accounts 189,779 420 - -
Tax 92,391 - 9,146 -
VAT - - - 109,851
Prepayments and accrued income 1,160,180 843,827 33,115 -
6,097,194 4,849,822 4,866,131 4,960,801

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

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Bank loans and overdrafts (see note 17) 1,278,324 1,115,160 294,544 963,775
Hire purchase contracts (see note 18) 832,015 514,131 32,457 32,457
Trade creditors 2,378,258 1,809,062 35,591 929
Amounts owed to group undertakings - - 132,218 2,498,497
Amounts owed to participating interests 73,218 - - -
Taxation 25,967 10,248 25,967 10,248
Other taxes and social security 305,519 277,119 - -
VAT 539,419 104,491 1,417 -
Other creditors 409,721 765,350 34,142 70,357
Directors' current accounts - 2,985 - -
Accruals and deferred income 747,847 1,745,449 133,694 64,697
6,590,288 6,343,995 690,030 3,640,960

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).

16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Bank loans (see note 17) 2,812,026 2,273,786 2,812,026 1,605,576
Hire purchase contracts (see note 18) 1,744,049 973,523 97,370 129,827
4,556,075 3,247,309 2,909,396 1,735,403

C.S. ELLIS (HOLDINGS) LIMITED (REGISTERED NUMBER: 08405320)

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

17. LOANS

An analysis of the maturity of loans is given below:

Group Company
2024 2023 2024 2023
£    £    £    £   
Amounts falling due within one year or on demand:
Bank loans 1,278,324 1,115,160 294,544 963,775
Amounts falling due between one and two years:
Bank loans - 1-2 years 294,544 1,115,161 294,544 963,776
Amounts falling due between two and five years:
Bank loans - 2-5 years 2,517,482 1,158,625 2,517,482 641,800

18. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 832,015 514,131
Between one and five years 1,744,049 973,523
2,576,064 1,487,654

Company
Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 32,457 32,457
Between one and five years 97,370 129,827
129,827 162,284

Group
Non-cancellable operating leases
2024 2023
£    £   
Within one year 1,457,765 345,887
Between one and five years 2,954,596 166,327
In more than five years 21,420 -
4,433,781 512,214

19. SECURED DEBTS

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

Bank loans are secured by a fixed and floating charge over the assets of the Company.

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

C.S. ELLIS (HOLDINGS) LIMITED (REGISTERED NUMBER: 08405320)

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

20. PROVISIONS FOR LIABILITIES

Group Company
2024 2023 2024 2023
£    £    £    £   
Deferred tax
Accelerated capital allowances 1,349,530 877,583 105,833 114,409
Other timing differences 9,817 (40,081 ) - -
Losses - (3,687 ) - -
Unrealised gains 474,475 801,798 792,125 1,031,499
1,833,822 1,635,613 897,958 1,145,908

Group
Deferred
tax
£   
Balance at 1 July 2023 1,635,613
Charge to Income Statement during year 198,209
Balance at 30 June 2024 1,833,822

Company
Deferred
tax
£   
Balance at 1 July 2023 1,145,908
Credit to Income Statement during year (247,950 )
Balance at 30 June 2024 897,958

21. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
6,518 Ordinary A 1 6,518 6,518
4,984 Ordinary B 1 4,984 4,984
1,278 Ordinary C 1 1,278 1,278
12,780 12,780

22. RESERVES

Group
Capital
Retained Revaluation redemption
earnings reserve reserve Totals
£    £    £    £   

At 1 July 2023 14,022,373 337,516 3,043 14,362,932
Profit for the year 589,643 589,643
Dividends (390,000 ) (390,000 )
At 30 June 2024 14,222,016 337,516 3,043 14,562,575

C.S. ELLIS (HOLDINGS) LIMITED (REGISTERED NUMBER: 08405320)

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

22. RESERVES - continued

Company
Retained
earnings
£   

At 1 July 2023 12,968,797
Profit for the year 1,537,072
Dividends (390,000 )
At 30 June 2024 14,115,869

Revaluation reserve

The revaluation reserve represents the cumulative increases in the fair value of freehold land and buildings.

Other reserves
Other reserves is made up of amounts attributable to the capital redemption reserve.

Profit & loss account
The profit and loss account represents the cumulative profits and losses of the Parent Company/Group.

23. PENSION COMMITMENTS

The group operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £182,145 (2023 - £182,145). Contributions totalling £15,654 (2023 - £14,751) were payable to the fund at the balance sheet date and are included within creditors.

24. 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.

25. 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 1,135,622
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

26. ULTIMATE CONTROLLING PARTY

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