Company No: 01159252 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Michelle Garland (Appointed 21 March 2025)
	Timothy Nicholas Garland

REGISTERED OFFICE	Unit G4 Elvington Industrial Estate
	York Road
	Elvington
	York
	YO41 4AR
	United Kingdom

COMPANY NUMBER

01159252 (England and Wales)

ACCOUNTANT	Ian Walker & Co Accountants
	Wellington House
	Aviator Court
	Clifton Moor
	York
	YO30 4UZ

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	1,025,378		2,153,789
		1,025,378		2,153,789
Current assets
Stocks	4	7,278		33,325
Debtors	5	25,412		294,821
Cash at bank and in hand	6	1,049,963		24,114
		1,082,653		352,260
Creditors: amounts falling due within one year	7	( 395,688)		( 542,782)
Net current assets/(liabilities)		686,965		(190,522)
Total assets less current liabilities		1,712,343		1,963,267
Creditors: amounts falling due after more than one year	8	( 248,193)		( 479,549)
Provision for liabilities		( 256,345)		( 270,516)
Net assets		1,207,805		1,213,202
Capital and reserves
Called-up share capital	9	26,660		26,660
Profit and loss account		1,181,145		1,186,542
Total shareholder's funds		1,207,805		1,213,202

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Elvington Holdings Ltd (registered number: 01159252) were approved and authorised for issue by the Board of Directors on 16 September 2025. They were signed on its behalf by:

Timothy Nicholas Garland Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Elvington Holdings Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit G4 Elvington Industrial Estate, York Road, Elvington, York, YO41 4AR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	5 years straight line
Vehicles	25 % reducing balance
Office equipment	4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	7		9

3. Tangible assets

	Plant and machinery		Vehicles		Office equipment		Total
	£		£		£		£
Cost
At 01 January 2024	4,164,130		290,685		97,600		4,552,415
Additions	287,479		0		4,715		292,194
Disposals	( 2,494,892)		( 200,960)		0		( 2,695,852)
At 31 December 2024	1,956,717		89,725		102,315		2,148,757
Accumulated depreciation
At 01 January 2024	2,077,883		235,504		85,239		2,398,626
Charge for the financial year	280,711		9,406		3,390		293,507
Disposals	( 1,394,001)		( 174,753)		0		( 1,568,754)
At 31 December 2024	964,593		70,157		88,629		1,123,379
Net book value
At 31 December 2024	992,124		19,568		13,686		1,025,378
At 31 December 2023	2,086,247		55,181		12,361		2,153,789

4. Stocks

	2024		2023
	£		£
Stocks	7,278		33,325

5. Debtors

	2024		2023
	£		£
Trade debtors	12,345		198,138
Amounts owed by Group undertakings	6,680		6,680
Other debtors	6,387		90,003
	25,412		294,821

6. Cash and cash equivalents

	2024		2023
	£		£
Cash at bank and in hand	1,049,963		24,114

7. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans	9,867		9,867
Trade creditors	20,593		53,147
Amounts owed to Parent undertakings	24,000		0
Taxation and social security	80,467		47,965
Obligations under finance leases and hire purchase contracts	205,674		386,382
Other creditors	55,087		45,421
	395,688		542,782

8. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Bank loans	5,833		15,883
Obligations under finance leases and hire purchase contracts	242,360		463,666
	248,193		479,549

There are no amounts included above in respect of which any security has been given by the small entity.

9. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
26,660 Ordinary shares of £ 1.00 each	26,660		26,660

10. Related party transactions

Transactions with owners holding a participating interest in the entity

	2024		2023
	£		£
Monies owed to Parent	24,000		0

11. Ultimate controlling party

Parent Company:

Elvington Plant Holdings Limited

The ultimate controlling party is Tim Garland.