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REGISTERED NUMBER: 06906165 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

ELSON GEAVES ACCOUNTANTS LIMITED

ELSON GEAVES ACCOUNTANTS LIMITED (REGISTERED NUMBER: 06906165) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| ELSON GEAVES ACCOUNTANTS LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTORS: | G D Elson

| G P Kearley

| Mrs M A Macrory

| REGISTERED OFFICE: | Forest Links Road

| Ferndown

| Dorset

| BH22 9PH

| REGISTERED NUMBER: | 06906165 (England and Wales)

ELSON GEAVES ACCOUNTANTS LIMITED (REGISTERED NUMBER: 06906165) |

BALANCE SHEET

31 MARCH 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 1,473,341 |  | 1,313,289 |  |

Tangible assets | 5 | 20,957 |  | 20,263 |  |

Investments | 6 | 333 |  | 333 |  |

1,494,631 |  | 1,333,885 |  |

CURRENT ASSETS

Stocks | 39,579 |  | 33,254 |  |

Debtors | 7 | 132,944 |  | 119,892 |  |

Prepayments and accrued income | 8,939 |  | 13,273 |  |

Cash at bank and in hand | 318,702 |  | 224,672 |  |

500,164 |  | 391,091 |  |

CREDITORS

Amounts falling due within one year | 8 | (347,903 | ) | (287,648 | ) |

NET CURRENT ASSETS | 152,261 |  | 103,443 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,646,892 |  | 1,437,328 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (27,190 | ) | (37,208 | ) |

NET ASSETS | 1,619,702 |  | 1,400,120 |  |

ELSON GEAVES ACCOUNTANTS LIMITED (REGISTERED NUMBER: 06906165) |

BALANCE SHEET - continued

31 MARCH 2025

| 2025 |  | 2024

| Notes | £ | £ |

CAPITAL AND RESERVES

Called up share capital | 104 |  | 104 |  |

Retained earnings | 1,619,598 |  | 1,400,016 |  |

SHAREHOLDERS' FUNDS | 1,619,702 |  | 1,400,120 |  |

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 March 2025 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 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 2 October 2025 and were signed on its behalf by:

G D Elson - Director | G P Kearley - Director

Mrs M A Macrory - Director

ELSON GEAVES ACCOUNTANTS LIMITED (REGISTERED NUMBER: 06906165) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| Elson Geaves Accountants 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 as modified by the revaluation of certain assets.

| Turnover

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

| 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 etc | - | 20% on reducing balance

| Stocks

| Work in progress is valued at the lower of cost and net realisable value.

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 22 (2024 - 21 ) .

ELSON GEAVES ACCOUNTANTS LIMITED (REGISTERED NUMBER: 06906165) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST OR VALUATION

| At 1 April 2024 | 1,729,612 |  |

| Additions | 22,539 |  |

| Revaluations | 162,521 |  |

| At 31 March 2025 | 1,914,672 |  |

| AMORTISATION

| At 1 April 2024 | 416,323 |  |

| Charge for year | 25,008 |  |

| At 31 March 2025 | 441,331 |  |

| NET BOOK VALUE

| At 31 March 2025 | 1,473,341 |  |

| At 31 March 2024 | 1,313,289 |  |

| Cost or valuation at 31 March 2025 is represented by:

| Goodwill

£ |

| Valuation in 2018 | 1,053,862 |  |

| Valuation in 2019 | 206,365 |  |

| Valuation in 2020 | 127,901 |  |

| Valuation in 2021 | 68,194 |  |

| Valuation in 2022 | 69,616 |  |

| Valuation in 2023 | 88,876 |  |

| Valuation in 2024 | 114,798 |  |

| Valuation in 2025 | 185,060 |  |

1,914,672 |  |

| Goodwill for accountancy practices is measured on a GRF basis and as such the directors feel that an annual review if this should be undertaken.

| From the the 1st April 2017 a market valuation will be reported for the Goodwill of Elson Geaves Accountants.

ELSON GEAVES ACCOUNTANTS LIMITED (REGISTERED NUMBER: 06906165) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

5. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 April 2024 | 162,128 |  |

| Additions | 5,932 |  |

| At 31 March 2025 | 168,060 |  |

| DEPRECIATION

| At 1 April 2024 | 141,865 |  |

| Charge for year | 5,238 |  |

| At 31 March 2025 | 147,103 |  |

| NET BOOK VALUE

| At 31 March 2025 | 20,957 |  |

| At 31 March 2024 | 20,263 |  |

6. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 333 |  |

| NET BOOK VALUE

| At 31 March 2025 | 333 |  |

| At 31 March 2024 | 333 |  |

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 132,944 |  | 119,892 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 21,964 |  | 26,468 |  |

| Taxation and social security | 304,130 |  | 245,333 |  |

| Other creditors | 21,809 |  | 15,847 |  |

347,903 |  | 287,648 |  |

ELSON GEAVES ACCOUNTANTS LIMITED (REGISTERED NUMBER: 06906165) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | 28,704 |  | 34,259 |  |

| Other creditors | (1,514 | ) | 2,949 |  |

27,190 |  | 37,208 |  |

10. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 28,704 |  | 34,259 |  |

| Personal guarantees provided by G Elson and G Kearley.