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REGISTERED NUMBER: 04713128 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Ellesmere Linen Hire Limited

Ellesmere Linen Hire Limited (Registered number: 04713128)






Contents of the Financial Statements
for the year ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Ellesmere Linen Hire Limited

Company Information
for the year ended 30 June 2024







DIRECTORS: N Coombs
N Faith



REGISTERED OFFICE: 42 Carrmere Road
Leechmere Trading Estate
Sunderland
Tyne & Wear
SR2 9TW



REGISTERED NUMBER: 04713128 (England and Wales)



ACCOUNTANTS: TTR Barnes Limited
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG



BANKERS: Barclays Bank PLC
53 Fawcett Street
Sunderland
Tyne and Wear
SR1 1RS

Ellesmere Linen Hire Limited (Registered number: 04713128)

Statement of Financial Position
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 169,285 253,774
169,285 253,774

CURRENT ASSETS
Stocks 6 65,200 70,000
Debtors 7 189,360 173,040
Cash at bank and in hand 76,898 66,433
331,458 309,473
CREDITORS
Amounts falling due within one year 8 339,797 314,008
NET CURRENT LIABILITIES (8,339 ) (4,535 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

160,946

249,239

CREDITORS
Amounts falling due after more than one
year

9

(65,907

)

(139,575

)

PROVISIONS FOR LIABILITIES (21,524 ) (36,191 )
NET ASSETS 73,515 73,473

CAPITAL AND RESERVES
Called up share capital 500 500
Revaluation reserve 72,936 72,936
Retained earnings 79 37
SHAREHOLDERS' FUNDS 73,515 73,473

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Ellesmere Linen Hire Limited (Registered number: 04713128)

Statement of Financial Position - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 March 2025 and were signed on its behalf by:





N Coombs - Director


Ellesmere Linen Hire Limited (Registered number: 04713128)

Notes to the Financial Statements
for the year ended 30 June 2024

1. STATUTORY INFORMATION

Ellesmere Linen Hire Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements have been prepared on the going concern basis,which assumes the company will continue in operational existence for the foreseeable future, which the directors consider to be appropriate.

Turnover
Turnover represents hire services provided, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated life to 30 June 2022.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Plant and machinery was revalued on 2 February 2015 by an independent valuer.

Stocks
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Ellesmere Linen Hire Limited (Registered number: 04713128)

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.

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

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government grants
Grants received towards the cost of fixed assets are treated as deferred income and credited to the profit and loss account over the expected useful economic life of the asset to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 240,000
AMORTISATION
At 1 July 2023
and 30 June 2024 240,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

Ellesmere Linen Hire Limited (Registered number: 04713128)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST OR VALUATION
At 1 July 2023 551,141
Disposals (67,648 )
At 30 June 2024 483,493
DEPRECIATION
At 1 July 2023 297,367
Charge for year 37,918
Eliminated on disposal (21,077 )
At 30 June 2024 314,208
NET BOOK VALUE
At 30 June 2024 169,285
At 30 June 2023 253,774

Cost or valuation at 30 June 2024 is represented by:

Plant and
machinery
etc
£   
Valuation in 2014 72,936
Cost 410,557
483,493

If Plant & machinery had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 216,383 216,383
Aggregate depreciation 168,042 168,042

Plant & machinery were valued on an open market basis on 2 February 2015 by independent valuers .

Ellesmere Linen Hire Limited (Registered number: 04713128)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST OR VALUATION
At 1 July 2023
and 30 June 2024 47,000
DEPRECIATION
At 1 July 2023 20,792
Charge for year 5,149
At 30 June 2024 25,941
NET BOOK VALUE
At 30 June 2024 21,059
At 30 June 2023 26,208

6. STOCKS
2024 2023
£    £   
Stocks 65,200 70,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 111,769 116,774
Other debtors 77,591 56,266
189,360 173,040

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 87,157 67,175
Hire purchase contracts 36,535 55,089
Trade creditors 16,714 28,242
Taxation and social security 139,230 88,694
Other creditors 60,161 74,808
339,797 314,008

Ellesmere Linen Hire Limited (Registered number: 04713128)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 16,667 27,500
Hire purchase contracts 47,912 110,415
Other creditors 1,328 1,660
65,907 139,575

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 77,157 58,008
Hire purchase contracts 84,447 165,504
Amounts due to factor - 68,973
161,604 292,485

The bank overdraft is secured by personal guarantees by the director.

Amounts due to the factoring company are secured on amounts due from trade debtors and a fixed and floating charge over the company and all of its property and assets.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
N Coombs
Balance outstanding at start of year 33,403 31,078
Amounts advanced 113,546 58,825
Amounts repaid (105,395 ) (56,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 41,554 33,403