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REGISTERED NUMBER: 02985453 (England and Wales)











Financial Statements

for the Year Ended 30 November 2024

for

Elliston Steady & Hawes
(Building) Limited

Elliston Steady & Hawes
(Building) Limited (Registered number: 02985453)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Elliston Steady & Hawes
(Building) Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: M Phillips
D Elliston
J Kingston
A Witter





SECRETARY: M Phillips





REGISTERED OFFICE: Chapel Lane
Great Blakenham
Ipswich
Suffolk
IP6 0JT





REGISTERED NUMBER: 02985453 (England and Wales)





ACCOUNTANTS: Knights Lowe Ltd
Chartered Accountants
Crane Court
302 London Road
Ipswich
Suffolk
IP2 0AJ

Elliston Steady & Hawes
(Building) Limited (Registered number: 02985453)

Statement of Financial Position
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,106 1,443
Investments 5 150,000 150,000
152,106 151,443

CURRENT ASSETS
Stocks 58,000 59,950
Debtors 6 1,342,603 1,205,507
Cash at bank and in hand 152,778 2,133
1,553,381 1,267,590
CREDITORS
Amounts falling due within one year 7 886,587 607,004
NET CURRENT ASSETS 666,794 660,586
TOTAL ASSETS LESS CURRENT LIABILITIES 818,900 812,029

CAPITAL AND RESERVES
Called up share capital 9 12,500 12,500
Share premium 48,750 48,750
Merger reserve 48,750 48,750
Retained earnings 708,900 702,029
SHAREHOLDERS' FUNDS 818,900 812,029

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.

Elliston Steady & Hawes
(Building) Limited (Registered number: 02985453)

Statement of Financial Position - 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 29 August 2025 and were signed on its behalf by:




M Phillips - Director



D Elliston - Director


Elliston Steady & Hawes
(Building) Limited (Registered number: 02985453)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Elliston Steady & Hawes (Building) 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.

Preparation of consolidated financial statements
The financial statements contain information about Elliston Steady & Hawes (Building) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
Amounts recoverable on contracts - In determining the carrying value of amounts recoverable on contracts, the directors regularly review each contact using their experience and detailed contract data in order to determine whether any amounts are considered irrecoverable. Such amounts are written off as identified.

Turnover
Turnover represents the value of work invoiced during the year, excluding VAT, and with respect to long term contracts turnover is recognised by reference to valuations of the work completed at the Statement of Financial Position date. Any such amounts not invoiced at the year end are recognised as amounts recoverable on contract. Contract amounts considered irrecoverable are written off as identified.

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 - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stock 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.

Elliston Steady & Hawes
(Building) Limited (Registered number: 02985453)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans with related parties.

Debt instruments that are payable or receivable within one year, such as trade payables or receivables, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Debt instruments that are repayable or receivable after one year are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each financial year for evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the Income Statement.

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.

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 39 (2023 - 40 ) .

Elliston Steady & Hawes
(Building) Limited (Registered number: 02985453)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2023 121,343 6,469 67,120 72,125 267,057
Additions - - - 2,131 2,131
At 30 November 2024 121,343 6,469 67,120 74,256 269,188
DEPRECIATION
At 1 December 2023 120,737 6,259 66,746 71,872 265,614
Charge for year 365 209 188 706 1,468
At 30 November 2024 121,102 6,468 66,934 72,578 267,082
NET BOOK VALUE
At 30 November 2024 241 1 186 1,678 2,106
At 30 November 2023 606 210 374 253 1,443

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 December 2023
and 30 November 2024 150,000
NET BOOK VALUE
At 30 November 2024 150,000
At 30 November 2023 150,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 181,902 36,409
Amounts owed by group undertakings 725,820 737,940
Amounts recoverable on contract 414,053 412,514
Other debtors 20,828 18,644
1,342,603 1,205,507

Elliston Steady & Hawes
(Building) Limited (Registered number: 02985453)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) - 22,066
Trade creditors 188,694 80,988
Amounts owed to related undertakings 281,169 86,349
Taxation and social security 148,833 185,081
Other creditors 267,891 232,520
886,587 607,004

8. LOANS

The overdraft is due to payments not cleared through the bank at the year end. These are covered by deposits made before the payments are cleared and therefore overdraft facilities are not used.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 Ordinary £1 10,000 10,000
2,500 B Ordinary £1 2,500 2,500
12,500 12,500