REGISTERED NUMBER: 02713608 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

Giraffe Access Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R D Armitage

D R Armitage

J Gardiner

SECRETARY:

R D Armitage

REGISTERED OFFICE:

7 Hungate

Pickering

North Yorkshire

YO18 7DL

REGISTERED NUMBER:

02713608 (England and Wales)

SENIOR STATUTORY AUDITOR:

Phillipa Symington ACA, CA(SA)

AUDITORS:

Clive Owen LLP

Chartered Accountants

& Statutory Auditors

Oak Tree House, Harwood Road

Northminster Business Park

Upper Poppleton

York

YO26 6QU

FIXED ASSETS

Tangible assets

4

133,603

124,262

Investments

5

99

99

133,702

124,361

CURRENT ASSETS

Debtors

6

483,642

588,856

Cash at bank and in hand

245,109

44,141

728,751

632,997

CREDITORS

Amounts falling due within one year

7

(449,154

)

(696,954

)

NET CURRENT ASSETS/(LIABILITIES)

279,597

(63,957

)

TOTAL ASSETS LESS CURRENT LIABILITIES

413,299

60,404

CREDITORS

Amounts falling due after more than one year

8

(20,753

)

(19,984

)

NET ASSETS

392,546

40,420

CAPITAL AND RESERVES

Called up share capital

11

62,257

62,257

Retained earnings

330,289

(21,837

)

SHAREHOLDERS' FUNDS

392,546

40,420

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2025 and were signed on its behalf by:

D R Armitage - Director

1.	STATUTORY INFORMATION

Giraffe Access Company 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.	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.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Going concern

The directors assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The directors make this assessment in respect of a period of at least one year from the date the financial statements are approved.

The financial statements are prepared on the going concern basis which assumes that the group will continue to trade. If the group is unable to continue to trade, adjustments would be required to reduce the value of assets to their recoverable amounts, to provide for any further liabilities that might arise and to analyse long term liabilities as current liabilities.

Preparation of consolidated financial statements

The financial statements contain information about Giraffe Access Company 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.

Turnover

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

Income recognition

Income is recognised when the conditions contained within a contract for services have been met.

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 shorter:

Plant and machinery

- between 1 and 12 years straight line

Fixtures and fittings

- 33% straight line

The company writes down motor vehicles on a straight line basis to their estimated residual values at the end of their useful lives of 2 years.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 21 (2023 - 30 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2024

339,612

150,018

340,393

830,023

Additions

-

-

67,579

67,579

Disposals

-

(1,775

)

(75,502

)

(77,277

)

At 31 December 2024

339,612

148,243

332,470

820,325

DEPRECIATION

At 1 January 2024

339,612

149,612

216,537

705,761

Charge for year

-

405

54,783

55,188

Eliminated on disposal

-

(1,775

)

(72,452

)

(74,227

)

At 31 December 2024

339,612

148,242

198,868

686,722

NET BOOK VALUE

At 31 December 2024

-

1

133,602

133,603

At 31 December 2023

-

406

123,856

124,262

Fixed assets, included in the above, which are held under finance leases are as follows:

Motor

vehicles

£

COST

At 1 January 2024

197,973

Additions

64,579

Transfer to ownership

(141,844

)

At 31 December 2024

120,708

DEPRECIATION

At 1 January 2024

107,116

Charge for year

54,783

Transfer to ownership

(108,844

)

At 31 December 2024

53,055

NET BOOK VALUE

At 31 December 2024

67,653

At 31 December 2023

90,857

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

99

NET BOOK VALUE

At 31 December 2024

99

At 31 December 2023

99

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as restated

£

£

Trade debtors

201,823

301,263

Amounts owed by group undertakings

268,316

-

Other debtors

1,760

193,389

VAT

4,361

89,419

Prepayments

7,382

4,785

483,642

588,856

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as restated

£

£

Finance leases (see note 9)

47,273

71,850

Trade creditors

9,878

113,208

Amounts owed to group undertakings

65,517

-

Taxation and social security

103,903

30,136

Other creditors

28,711

32,626

Accruals and deferred income

193,872

449,134

449,154

696,954

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

as restated

£

£

Finance leases (see note 9)

20,753

19,984

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases

2024

2023

as restated

£

£

Net obligations repayable:

Within one year

47,273

71,850

Between one and five years

20,753

19,984

68,026

91,834

Non-cancellable

operating leases

2024

2023

as restated

£

£

Within one year

29,872

35,240

Between one and five years

89,616

89,616

In more than five years

29,872

59,744

149,360

184,600

10.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

as restated

£

£

Finance leases

68,026

91,834

The finance lease liabilities are secured against the assets to which they relate.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

as restated

£

£

200

Ordinary

£1

200

200

62,057

Ordinary B

£1

62,057

62,057

62,257

62,257

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Phillipa Symington ACA, CA(SA) (Senior Statutory Auditor)

for and on behalf of Clive Owen LLP

13.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is Zarafa Holdco Limited, a private company, limited by shares, registered in England and Wales. The company's registered office is 7 Hungate, Pickering, North Yorkshire, YO18 7DL.

The parent undertaking is Zarafa Hungate Limited, a private company, limited by shares, registered in England and Wales. The company's registered office is 7 Hungate, Pickering, North Yorkshire, YO18 7DL.

14.	COMPARATIVES

This is the first year that the company has been audited. In the prior year the company took advantage of the audit exemption available to small companies, therefore the comparatives in these financial statements for the year ended 31 December 2023 are unaudited. However, we have obtained sufficient appropriate audit evidence that the opening balances do not contain misstatements that materially affect the current period's financial statements.