Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-09-01No description of principal activity55truetruefalse 08443103 2023-09-01 2024-08-31 08443103 2022-09-01 2023-08-31 08443103 2024-08-31 08443103 2023-08-31 08443103 2022-09-01 08443103 c:Director1 2023-09-01 2024-08-31 08443103 d:Buildings 2023-09-01 2024-08-31 08443103 d:Buildings 2024-08-31 08443103 d:Buildings 2023-08-31 08443103 d:Buildings d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 08443103 d:PlantMachinery 2023-09-01 2024-08-31 08443103 d:PlantMachinery 2024-08-31 08443103 d:PlantMachinery 2023-08-31 08443103 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 08443103 d:MotorVehicles 2023-09-01 2024-08-31 08443103 d:MotorVehicles 2024-08-31 08443103 d:MotorVehicles 2023-08-31 08443103 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 08443103 d:FurnitureFittings 2023-09-01 2024-08-31 08443103 d:FurnitureFittings 2024-08-31 08443103 d:FurnitureFittings 2023-08-31 08443103 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 08443103 d:OfficeEquipment 2023-09-01 2024-08-31 08443103 d:OfficeEquipment 2024-08-31 08443103 d:OfficeEquipment 2023-08-31 08443103 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 08443103 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 08443103 d:CurrentFinancialInstruments 2024-08-31 08443103 d:CurrentFinancialInstruments 2023-08-31 08443103 d:Non-currentFinancialInstruments 2024-08-31 08443103 d:Non-currentFinancialInstruments 2023-08-31 08443103 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 08443103 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 08443103 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 08443103 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 08443103 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-08-31 08443103 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-08-31 08443103 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-08-31 08443103 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-08-31 08443103 d:ShareCapital 2024-08-31 08443103 d:ShareCapital 2023-08-31 08443103 d:RetainedEarningsAccumulatedLosses 2024-08-31 08443103 d:RetainedEarningsAccumulatedLosses 2023-08-31 08443103 c:FRS102 2023-09-01 2024-08-31 08443103 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 08443103 c:FullAccounts 2023-09-01 2024-08-31 08443103 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 08443103 d:HirePurchaseContracts d:WithinOneYear 2024-08-31 08443103 d:HirePurchaseContracts d:WithinOneYear 2023-08-31 08443103 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-08-31 08443103 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-08-31 08443103 d:AcceleratedTaxDepreciationDeferredTax 2024-08-31 08443103 d:AcceleratedTaxDepreciationDeferredTax 2023-08-31 08443103 2 2023-09-01 2024-08-31 08443103 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-08-31 08443103 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-08-31 08443103 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-08-31 08443103 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-08-31 08443103 d:LeasedAssetsHeldAsLessee 2024-08-31 08443103 d:LeasedAssetsHeldAsLessee 2023-08-31 08443103 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number:  08443103














ELLIOTS CONSTRUCTION LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


 
ELLIOTS CONSTRUCTION LTD
REGISTERED NUMBER: 08443103

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,681,837
1,277,354

  
1,681,837
1,277,354

Current assets
  

Stocks
  
122,274
61,631

Debtors: amounts falling due within one year
 5 
1,246,633
683,183

Cash at bank and in hand
 6 
3,032,878
485,329

  
4,401,785
1,230,143

Creditors: amounts falling due within one year
 7 
(2,542,576)
(832,077)

Net current assets
  
 
 
1,859,209
 
 
398,066

Total assets less current liabilities
  
3,541,046
1,675,420

Creditors: amounts falling due after more than one year
 8 
(546,111)
(341,033)

Provisions for liabilities
  

Deferred tax
 11 
(281,023)
(188,958)

  
 
 
(281,023)
 
 
(188,958)

Net assets
  
2,713,912
1,145,429


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
2,713,812
1,145,329

  
2,713,912
1,145,429


Page 1

 
ELLIOTS CONSTRUCTION LTD
REGISTERED NUMBER: 08443103
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
E Jones
Director

Date: 24 April 2025

The notes on pages 3 to 13 form part of these financial statements.

Page 2

 
ELLIOTS CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

The Company is a private company limited by shares, which is incorporated under the Companies Act 2006 and registered in England (no. 08443103). The address of the registered office is Contact House, Ditton Road, Widnes, Cheshire, United Kingdom, WA8 0TH.
These financial statements present information about the Company as an individual undertaking. The principal activities of the Company are that of construction of residential and non residential buildings and also the construction of civil engineering projects.
The presentation currency of these financial statements is £ sterling; the financial statements are rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

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:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
ELLIOTS CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.4

Finance costs

Finance costs are charged to profit or loss 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. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 4

 
ELLIOTS CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model 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 assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
2% straight line basis
Plant & machinery
-
15% reducing balance basis
Motor vehicles
-
25% reducing balance basis
Fixtures & fittings
-
15% reducing balance basis
Office equipment
-
15% reducing balance basis

The assets' residual values, useful 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 disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

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.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

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 subsequently at amortised cost using the effective interest method.

Page 5

 
ELLIOTS CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2023 - 5).

Page 6

 
ELLIOTS CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Tangible fixed assets





Freehold property
Plant & machinery
Motor vehicles
Fixtures & fittings
Office equipment

£
£
£
£
£



Cost or valuation


At 1 September 2023
398,013
716,077
402,311
15,206
41,838


Additions
-
367,767
243,079
4,297
4,916



At 31 August 2024

398,013
1,083,844
645,390
19,503
46,754



Depreciation


At 1 September 2023
10,509
176,032
102,020
644
6,886


Charge for the year on owned assets
7,960
86,897
112,766
2,321
5,632



At 31 August 2024

18,469
262,929
214,786
2,965
12,518



Net book value



At 31 August 2024
379,544
820,915
430,604
16,538
34,236



At 31 August 2023
387,504
540,045
300,291
14,562
34,952
Page 7

 
ELLIOTS CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

           4.Tangible fixed assets (continued)


Total

£



Cost or valuation


At 1 September 2023
1,573,445


Additions
620,059



At 31 August 2024

2,193,504



Depreciation


At 1 September 2023
296,091


Charge for the year on owned assets
215,576



At 31 August 2024

511,667



Net book value



At 31 August 2024
1,681,837



At 31 August 2023
1,277,354

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Plant and machinery
479,004
256,014

Motor vehicles
400,134
239,214

879,138
495,228

Page 8

 
ELLIOTS CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Debtors

2024
2023
£
£


Trade debtors
271,963
314,418

Amounts owed by group undertakings
963,335
100

Other debtors
1,800
358,420

Prepayments and accrued income
9,535
10,245

1,246,633
683,183



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
3,032,878
485,329

3,032,878
485,329


Page 9

 
ELLIOTS CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
81,105
79,454

Trade creditors
386,393
157,634

Corporation tax
590,294
293,178

Other taxation and social security
1,043,058
129,195

Obligations under finance lease and hire purchase contracts
245,608
144,903

Other creditors
447
4,166

Accruals and deferred income
195,671
23,547

2,542,576
832,077


The following liabilities were secured:

2024
2023
£
£



Obligations under finance lease and hire purchase contracts
245,608
144,903

245,608
144,903

Details of security provided:

Obligations under finance leases and hire purchase contracts are secured against the assets concerned.

Page 10

 
ELLIOTS CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
21,733
97,622

Net obligations under finance leases and hire purchase contracts
524,378
243,411

546,111
341,033


The following liabilities were secured:

2024
2023
£
£



Obligations under finance lease and hire purchase contracts
524,378
243,411

524,378
243,411

Details of security provided:

Obligations under finance lease and hire purchase contracts are secured against the assets concerned.

Page 11

 
ELLIOTS CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
81,105
79,454


81,105
79,454

Amounts falling due 1-2 years

Bank loans
21,733
85,053


21,733
85,053

Amounts falling due 2-5 years

Bank loans
-
12,569


-
12,569


102,838
177,076



10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
245,608
144,903

Between 1-5 years
524,378
243,411

769,986
388,314

Page 12

 
ELLIOTS CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

11.


Deferred taxation




2024
2023


£

£






At beginning of year
(188,958)
(147,589)


Charged to profit or loss
(92,065)
(41,369)



At end of year
(281,023)
(188,958)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Fixed asset timing differences
(281,023)
(188,958)

(281,023)
(188,958)


12.


Related party transactions

Within debtors and (creditors) are the following amounts due to / (from) the company at the balance sheet date:


2024
2023
£
£

E Jones
-
(3,600)
S Jones
-
260,886
S O'Brien
-
95,734
Elliots Construction Group Limited
963,234
-

E Jones, S Jones and S O'Brien are directors. The loans are repayable on demand.
Elliots Construction Group Limited is the ultimate parent company. The loans are repayable on demand and no interest has been charged.


13.


Controlling party

The Company is a wholly owned subsidiary of Elliots Construction Holdings Limited, whose registered office is 11th Floor The Plaza, 100 Old Hall Street, Liverpool, United Kingdom, L3 9QJ. Elliots Construction Holdings Limited is a wholly owned subsidiary of Elliots Construction Group Limited.
The ultimate controlling party is E Jones by virtue of a controlling share of the ultimate parent company, Elliots Construction Group Limited.

 
Page 13