Registered number
06937272
Elevation Cladding Limited
Unaudited Filleted Accounts
31 December 2024
Elevation Cladding Limited
Registered number: 06937272
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 97,345 74,380
Investments 5 40,000 40,000
137,345 114,380
Current assets
Debtors 6 369,229 378,126
Cash at bank and in hand 575,203 768,611
944,432 1,146,737
Creditors: amounts falling due within one year 7 (710,470) (701,922)
Net current assets 233,962 444,815
Total assets less current liabilities 371,307 559,195
Creditors: amounts falling due after more than one year 8 (63,450) (63,402)
Provisions for liabilities - (9,216)
Net assets 307,857 486,577
Capital and reserves
Called up share capital 2 2
Profit and loss account 307,855 486,575
Shareholders' funds 307,857 486,577
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Fraser Dales
Director
Approved by the board on 4 August 2025
Elevation Cladding Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The reporting currency is Pounds Sterling (GBP / £) and all figures are rounded to the nearest £1.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2024 1,790
At 31 December 2024 1,790
Amortisation
At 1 January 2024 1,790
At 31 December 2024 1,790
Net book value
At 31 December 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2024 55,673 231,703 287,376
Additions 5,611 70,355 75,966
Disposals (2,202) (71,459) (73,661)
At 31 December 2024 59,082 230,599 289,681
Depreciation
At 1 January 2024 48,840 164,156 212,996
Charge for the year 4,787 48,214 53,001
On disposals (2,202) (71,459) (73,661)
At 31 December 2024 51,425 140,911 192,336
Net book value
At 31 December 2024 7,657 89,688 97,345
At 31 December 2023 6,833 67,547 74,380
5 Investments
Other
investments
£
Cost
At 1 January 2024 40,000
At 31 December 2024 40,000
6 Debtors 2024 2023
£ £
Trade debtors 360,615 367,860
Other debtors and prepayments 8,614 10,266
369,229 378,126
7 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 52,045 22,253
Trade creditors 179,179 275,671
Amounts owed to group undertakings and undertakings in which the company has a participating interest 154,991 153,840
Taxation and social security costs 322,955 235,367
Other creditors and accruals 1,300 14,791
710,470 701,922
8 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 63,450 63,402
9 Share capital 2024 2023
Authorised Number Number
100 Ordinary shares of £1 each 100 100
Allotted called up and fully paid
Ordinary shares of £1 each
Number Number
Number 2 2
£ £
Nominal value 2 2
10 Controlling party
The immediate and ultimate holding company is Elevation (Gy) Holdings Limited, whose registered office is the same as this company, which holds 100% of the ordinary issued share capital of Elevation Cladding Limited.

The ultimate controlling parties are Mr Fraser Dales and his spouse, by reason of their 60% shareholding in the issued share capital of Elevation (Gy) Holdings Limited.
11 Other information
Elevation Cladding Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Airfield
Cheapside
Waltham, Grimsby
N E Lincolnshire
DN37 0HZ
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