Silverfin false false 30/06/2024 01/07/2023 30/06/2024 Mr J Hammerton 14/11/2017 Mr I Lovett 14/11/2017 Mrs L Lovett 14/11/2017 25 March 2025 The principal activity of the Company during the financial year was that of the retail of electrical goods. 11062882 2024-06-30 11062882 bus:Director1 2024-06-30 11062882 bus:Director2 2024-06-30 11062882 bus:Director3 2024-06-30 11062882 2023-06-30 11062882 core:CurrentFinancialInstruments 2024-06-30 11062882 core:CurrentFinancialInstruments 2023-06-30 11062882 core:Non-currentFinancialInstruments 2024-06-30 11062882 core:Non-currentFinancialInstruments 2023-06-30 11062882 core:ShareCapital 2024-06-30 11062882 core:ShareCapital 2023-06-30 11062882 core:RetainedEarningsAccumulatedLosses 2024-06-30 11062882 core:RetainedEarningsAccumulatedLosses 2023-06-30 11062882 core:PatentsTrademarksLicencesConcessionsSimilar 2023-06-30 11062882 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2023-06-30 11062882 core:PatentsTrademarksLicencesConcessionsSimilar 2024-06-30 11062882 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-06-30 11062882 core:ImmediateParent core:CurrentFinancialInstruments 2024-06-30 11062882 core:ImmediateParent core:CurrentFinancialInstruments 2023-06-30 11062882 bus:OrdinaryShareClass1 2024-06-30 11062882 2023-07-01 2024-06-30 11062882 bus:FilletedAccounts 2023-07-01 2024-06-30 11062882 bus:SmallEntities 2023-07-01 2024-06-30 11062882 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 11062882 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11062882 bus:Director1 2023-07-01 2024-06-30 11062882 bus:Director2 2023-07-01 2024-06-30 11062882 bus:Director3 2023-07-01 2024-06-30 11062882 core:PatentsTrademarksLicencesConcessionsSimilar core:TopRangeValue 2023-07-01 2024-06-30 11062882 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill core:TopRangeValue 2023-07-01 2024-06-30 11062882 core:PatentsTrademarksLicencesConcessionsSimilar 2023-07-01 2024-06-30 11062882 2022-07-01 2023-06-30 11062882 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2023-07-01 2024-06-30 11062882 core:Non-currentFinancialInstruments 2023-07-01 2024-06-30 11062882 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 11062882 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 11062882 1 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11062882 (England and Wales)

ELESI LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

ELESI LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

ELESI LIMITED

BALANCE SHEET

As at 30 June 2024
ELESI LIMITED

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 11,051 21,856
11,051 21,856
Current assets
Debtors 4 1,090,610 939,508
Cash at bank and in hand 22,606 53,027
1,113,216 992,535
Creditors: amounts falling due within one year 5 ( 1,003,462) ( 905,831)
Net current assets 109,754 86,704
Total assets less current liabilities 120,805 108,560
Creditors: amounts falling due after more than one year 6 ( 9,147) ( 19,207)
Provision for liabilities ( 2,763) ( 5,464)
Net assets 108,895 83,889
Capital and reserves
Called-up share capital 7 1 1
Profit and loss account 108,894 83,888
Total shareholder's funds 108,895 83,889

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Elesi Limited (registered number: 11062882) were approved and authorised for issue by the Board of Directors on 25 March 2025. They were signed on its behalf by:

Mr I Lovett
Director
ELESI LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
ELESI LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Elesi Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Francis Clark Llp Melville Building East, Royal William Yard, Plymouth, PL1 3RP, United Kingdom. The principal place of business is Unit 3C, Latham Park, St Blazey Road, Par, PL24 2HY.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Trademarks, patents and licences 10 years straight line
Website costs 5 years straight line
Trademarks, patents and licences

Separately acquired patents and trademarks are included at cost and amortised in equal annual instalments over a period of 10 years which is their estimated useful economic life. Provision is made for any impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Intangible assets

Trademarks, patents
and licences
Website costs Total
£ £ £
Cost
At 01 July 2023 1,264 129,429 130,693
Additions 0 1,063 1,063
At 30 June 2024 1,264 130,492 131,756
Accumulated amortisation
At 01 July 2023 1,264 107,573 108,837
Charge for the financial year 0 11,868 11,868
At 30 June 2024 1,264 119,441 120,705
Net book value
At 30 June 2024 0 11,051 11,051
At 30 June 2023 0 21,856 21,856

4. Debtors

2024 2023
£ £
Trade debtors 27,509 0
Amounts owed by Group undertakings 1,036,934 925,912
Other debtors 26,167 13,596
1,090,610 939,508

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 10,020 9,960
Trade creditors 16,221 23,137
Amounts owed to Group undertakings 911,031 824,463
Amounts owed to Parent undertakings 2,000 2,000
Amounts owed to associates 0 22,808
Taxation and social security 12,704 10,199
Other creditors 51,486 13,264
1,003,462 905,831

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 9,147 19,207

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1

8. Ultimate controlling party

Parent Company:

Fraser Hammerton Group Holdings Limited

These financial statements are available upon request from Companies House, Crown Way, Cardiff, CF14 3UZ.