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REGISTERED NUMBER: 07111211 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

ELLISON WIRE PRODUCTS LIMITED

ELLISON WIRE PRODUCTS LIMITED (REGISTERED NUMBER: 07111211)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELLISON WIRE PRODUCTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: S Hunter
M R Gardner



REGISTERED OFFICE: Unit 3 & 4
Bemrose Park
Wayzgoose Drive
Derby
DE21 6XG



REGISTERED NUMBER: 07111211 (England and Wales)



ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ



BANKERS: Barclays Bank PLC
Leicester
Leicestershire
LE87 2BB

ELLISON WIRE PRODUCTS LIMITED (REGISTERED NUMBER: 07111211)

BALANCE SHEET
30 NOVEMBER 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - 2
Tangible assets 6 544,216 551,834
544,216 551,836

CURRENT ASSETS
Stocks 184,798 570,959
Debtors 7 517,625 769,489
Cash at bank and in hand 53,276 59,929
755,699 1,400,377
CREDITORS
Amounts falling due within one year 8 901,553 1,137,296
NET CURRENT (LIABILITIES)/ASSETS (145,854 ) 263,081
TOTAL ASSETS LESS CURRENT
LIABILITIES

398,362

814,917

CREDITORS
Amounts falling due after more than one
year

9

682,690

1,463,328
NET LIABILITIES (284,328 ) (648,411 )

CAPITAL AND RESERVES
Called up share capital 11 1,120,001 520,001
Revaluation reserve 12 182,728 132,397
Retained earnings (1,587,057 ) (1,300,809 )
SHAREHOLDERS' FUNDS (284,328 ) (648,411 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

ELLISON WIRE PRODUCTS LIMITED (REGISTERED NUMBER: 07111211)

BALANCE SHEET - continued
30 NOVEMBER 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 28 August 2025 and were signed on its behalf by:





M R Gardner - Director


ELLISON WIRE PRODUCTS LIMITED (REGISTERED NUMBER: 07111211)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Ellison Wire Products 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on a going concern basis, the validity of which is dependent upon the continued financial support of the director shareholders. The director shareholders of the company have confirmed that this support will continue.

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

Turnover is recognised on supply of the goods.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business in 2010, has been amortised evenly over its estimated useful life of three 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - 10% on reducing balance
Plant and machinery - on valuation
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on reducing balance

Plant and machinery has been shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the income statement.

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

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 balance sheet date.


ELLISON WIRE PRODUCTS LIMITED (REGISTERED NUMBER: 07111211)

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

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 the statement of income and retained earnings over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company has implemented automatic enrolment into a workplace pension scheme in relation to all employees.

All contributions payable for the year are charged to the statement of income and retained earnings account in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 19 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 30,002
AMORTISATION
At 1 December 2023 30,000
Charge for year 2
At 30 November 2024 30,002
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 2

ELLISON WIRE PRODUCTS LIMITED (REGISTERED NUMBER: 07111211)

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

6. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 December 2023 11,547 1,181,283 1,192,830
Additions - 7,000 7,000
Revaluations - (494,717 ) (494,717 )
At 30 November 2024 11,547 693,566 705,113
DEPRECIATION
At 1 December 2023 11,547 629,449 640,996
Charge for year - 64,951 64,951
Revaluation adjustments - (545,050 ) (545,050 )
At 30 November 2024 11,547 149,350 160,897
NET BOOK VALUE
At 30 November 2024 - 544,216 544,216
At 30 November 2023 - 551,834 551,834

Cost or valuation at 30 November 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2010 - 419,942 419,942
Valuation in 2024 - (494,717 ) (494,717 )
Cost 11,547 768,341 779,888
11,547 693,566 705,113

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

30.11.24 30.11.23
£    £   
Cost 612,823 605,823
Aggregate depreciation 236,066 191,668

Plant and machinery was valued on an open market basis basis on 30 November 2024 by the directors .

The net book value of tangible fixed assets includes £ 337,859 (2023 - £ 375,430 ) in respect of assets held under hire purchase contracts.

ELLISON WIRE PRODUCTS LIMITED (REGISTERED NUMBER: 07111211)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 381,298 637,057
Other debtors 136,327 132,432
517,625 769,489

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 29,626 44,444
Hire purchase contracts 58,858 58,594
Trade creditors 732,488 938,644
Taxation and social security 63,495 72,256
Other creditors 17,086 23,358
901,553 1,137,296

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Bank loans - 29,630
Hire purchase contracts 212,012 279,137
Amounts owed to group undertakings 470,678 1,154,561
682,690 1,463,328

10. SECURED DEBTS

The following secured debts are included within creditors:

30.11.24 30.11.23
£    £   
Hire purchase contracts 270,870 337,731
Invoice discounting facility 307,843 537,931
578,713 875,662

ELLISON WIRE PRODUCTS LIMITED (REGISTERED NUMBER: 07111211)

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

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £ £
NIL Ordinary £1 - 20,000
10,000 Ordinary A £1 10,000 1
500,000 Ordinary B £1 500,000 500,000
10,000 Ordinary C £1 10,000 -
600,000 Ordinary D £1 600,000 -
1 Ordinary E £1 1 -
1,120,001 520,001


Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £ £
600,000 Ordinary D £1 600,000 -

The following shares were issued during the year for cash at par:

600,000 Ordinary D shares of £1

During the year, the company redesignated aspects of its share capital as follows:

20,000 Ordinary shares into 10,000 Ordinary A and 10,000 Ordinary C shares.

1 Ordinary A share into 1 Ordinary E share.

12. RESERVES
Revaluation
reserve
£   
At 1 December 2023 132,397
Revaluation provision and depreciation
release

50,331


At 30 November 2024 182,728