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REGISTERED NUMBER: 00819771 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Ellis & Son Vehicle Builders Limited

Ellis & Son Vehicle Builders Limited (Registered number: 00819771)






Contents of the Financial Statements
for the year ended 31 October 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Ellis & Son Vehicle Builders Limited

Company Information
for the year ended 31 October 2024







DIRECTORS: A D Ellis
N A Ellis
Miss E L Ellis
J M Hadley





SECRETARY: A D Ellis





REGISTERED OFFICE: 10 Pemble Close
Five Oak Green
Tonbridge
Kent
TN12 6TP





REGISTERED NUMBER: 00819771 (England and Wales)





ACCOUNTANTS: ah partnership
Chartered Accountants
Stanley House
49 Dartford Road
Sevenoaks
Kent
TN13 3TE

Ellis & Son Vehicle Builders Limited (Registered number: 00819771)

Statement of Financial Position
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 466,259 461,150

CURRENT ASSETS
Inventories 98,851 126,853
Debtors 5 40,113 50,312
Cash at bank 15,155 21,870
154,119 199,035
CREDITORS
Amounts falling due within one year 6 319,241 305,067
NET CURRENT LIABILITIES (165,122 ) (106,032 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

301,137

355,118

CREDITORS
Amounts falling due after more than one year 7 136,831 145,304
NET ASSETS 164,306 209,814

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings 159,306 204,814
SHAREHOLDERS' FUNDS 164,306 209,814

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Ellis & Son Vehicle Builders Limited (Registered number: 00819771)

Statement of Financial Position - continued
31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 July 2025 and were signed on its behalf by:





Miss E L Ellis - Director


Ellis & Son Vehicle Builders Limited (Registered number: 00819771)

Notes to the Financial Statements
for the year ended 31 October 2024

1. STATUTORY INFORMATION

Ellis & Son Vehicle Builders 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost and 10% on cost

The directors consider that the land and buildings have an expected useful life of more than 50 years, and a value of more than original cost. No depreciation is therefore provided on these assets.

Stocks
Inventories and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


Ellis & Son Vehicle Builders Limited (Registered number: 00819771)

Notes to the Financial Statements - continued
for the year ended 31 October 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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2023 444,289 172,442 616,731
Additions - 9,277 9,277
At 31 October 2024 444,289 181,719 626,008
DEPRECIATION
At 1 November 2023 - 155,581 155,581
Charge for year - 4,168 4,168
At 31 October 2024 - 159,749 159,749
NET BOOK VALUE
At 31 October 2024 444,289 21,970 466,259
At 31 October 2023 444,289 16,861 461,150

Ellis & Son Vehicle Builders Limited (Registered number: 00819771)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 27,366 44,543
Other debtors 12,747 5,769
40,113 50,312

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 52,142 51,884
Taxation and social security 102,559 72,674
Other creditors 164,540 180,509
319,241 305,067

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 136,831 145,304

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 4,255 -

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Pension Fund loan 10,164 49,332

The loan from the pension fund is secured on the assets of the company.

The Funding Circle loans totalling £78,488 (2023: £66,393) are unsecured.

Ellis & Son Vehicle Builders Limited (Registered number: 00819771)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
A D Ellis
Balance outstanding at start of year 64,543 64,543
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 64,543 64,543

N A Ellis
Balance outstanding at start of year 55,765 55,765
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 55,765 55,765

In addition to the amounts owing to the directors as noted above, included in amounts due after more than one year is a total of £77,013 owing to Alan & Neil Ellis (2023: £77,013). The directors view this as a long-term loan and have no intention of repaying themselves in the next 12 months.

10. RELATED PARTY DISCLOSURES

On 18 January 2020, the company borrowed £177,000 from the pension fund. This is repayable by instalments over five years at an interest rate of 6%.

11. ULTIMATE CONTROLLING PARTY

The controlling party is the board of directors.

The company is not under ultimate control of any one individual. Any two of the three directors have joint control by virtue of their shareholdings in the company.