REGISTERED NUMBER: 00760511 (England and Wales)

Elsan Limited

Unaudited Financial Statements for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P T Warwick-Smith

Mr S W Camp

Mr T M Warwick-Smith

Mr G R Warwick-Smith

Mr L L Warwick-Smith

SECRETARY:

Mr P T Warwick-Smith

REGISTERED OFFICE:

Elsan House

15 Brambleside

Bellbrook Park

Uckfield

East Sussex

TN22 1QF

REGISTERED NUMBER:

00760511 (England and Wales)

ACCOUNTANTS:

Swindells LLP

Chartered Accountants

Atlantic House

8 Bell Lane

Bellbrook Industrial Estate

Uckfield

East Sussex

TN22 1QL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,111,286

1,155,890

Investment property

6

774,169

774,169

1,885,455

1,930,059

CURRENT ASSETS

Stocks

500,343

397,532

Debtors

7

511,399

605,544

Investments

8

1,099,208

1,004,359

Cash at bank and in hand

4,428,932

3,970,101

6,539,882

5,977,536

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

9

591,001

613,662

NET CURRENT ASSETS

5,948,881

5,363,874

TOTAL ASSETS LESS CURRENT LIABILITIES

7,834,336

7,293,933

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

10

(86,602

)

(124,966

)

PROVISIONS FOR LIABILITIES

(23,236

)

(28,488

)

NET ASSETS

7,724,498

7,140,479

CAPITAL AND RESERVES

Called up share capital

12

58

58

Capital redemption reserve

42

42

Retained earnings

7,724,398

7,140,379

SHAREHOLDERS' FUNDS

7,724,498

7,140,479

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

Mr P T Warwick-Smith - Director

1.	STATUTORY INFORMATION

Elsan 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.

Turnover

Turnover represents revenue, net of value added tax, in respect of the sale of chemical sanitation equipment and products and is recognised when the company obtains, through performance under contract, the right to consideration for those goods and services.

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.

Other intangibles are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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

Rentals payable under operating leases are charged in the profit and loss account as incurred.

Pension costs

The company contributes to employees' defined contribution pension schemes. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the schemes.

Financial instruments

Current asset investments are measured at fair value through profit or loss. The fair value of is determined by reference to the bid price at the year end date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 20 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

3,033

AMORTISATION

At 1 January 2024

and 31 December 2024

3,033

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

1,469,067

1,034,342

190,166

67,750

2,761,325

Additions

-

4,850

1,222

-

6,072

At 31 December 2024

1,469,067

1,039,192

191,388

67,750

2,767,397

DEPRECIATION

At 1 January 2024

422,452

968,149

163,161

51,673

1,605,435

Charge for year

21,681

17,894

7,082

4,019

50,676

At 31 December 2024

444,133

986,043

170,243

55,692

1,656,111

NET BOOK VALUE

At 31 December 2024

1,024,934

53,149

21,145

12,058

1,111,286

At 31 December 2023

1,046,615

66,193

27,005

16,077

1,155,890

Included in cost of land and buildings is freehold land of £ 385,000 (2023 - £ 385,000 ) which is not depreciated.

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

774,169

NET BOOK VALUE

At 31 December 2024

774,169

At 31 December 2023

774,169

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

477,137

572,246

Other debtors

34,262

33,298

511,399

605,544

8.	CURRENT ASSET INVESTMENTS

2024

2023

£

£

Listed investments

1,099,208

1,004,359

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

45,416

41,285

Trade creditors

107,938

45,383

Taxation and social security

368,113

376,118

Other creditors

69,534

150,876

591,001

613,662

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

86,602

124,966

11.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

132,018

166,251

The loan is secured against the property it relates too.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

58

Ordinary

£1

58

58

13.	CONTINGENT LIABILITIES

The company has provided a guarantee to HM Revenue & Customs dated 31 August 1984 in respect of import duties amounting to £20,000 (2023 - £20,000).

The company has provided a debenture dated 6 June 1983 to the company's bankers whereby the bank holds a fixed and floating charge over the company's assets. The bank also holds a legal charge dated 13 July 1995 over Plot 15, Bellbrook Business Park, Uckfield.

14.	OTHER FINANCIAL COMMITMENTS

Total financial commitments which are not included in the balance sheet amount to £72,818 (2023 - £29,247).

15.	RELATED PARTY DISCLOSURES

During the year, total dividends of £180,000 were paid to the directors .

At the balance sheet date the company owed amounts totalling £30,806 (2023 - £12,225) to a director. This loan is interest free, unsecured and repayable on demand.