REGISTERED NUMBER: 06906165 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

ELSON GEAVES ACCOUNTANTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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)

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

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

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 ) .

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.

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

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.