ELM Building Service Engineers Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 04461839 (England and Wales)

Financial Statements for the Year Ended 30 April 2025

for

ELM Building Service Engineers Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

95,233

92,288

CURRENT ASSETS

Stocks

15,759

10,048

Debtors

5

1,619,630

3,124,543

Cash at bank and in hand

1,145,604

1,312,956

2,780,993

4,447,547

CREDITORS

Amounts falling due within one year

6

1,318,410

2,443,371

NET CURRENT ASSETS

1,462,583

2,004,176

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,557,816

2,096,464

PROVISIONS FOR LIABILITIES

17,198

13,733

NET ASSETS

1,540,618

2,082,731

CAPITAL AND RESERVES

Called up share capital

95

Capital redemption reserve

5

Capital contribution reserve

2,250

-

Retained earnings

1,538,268

2,082,631

SHAREHOLDERS' FUNDS

1,540,618

2,082,731

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2025 and were signed on its behalf by:

N A Munday - Director

1.	STATUTORY INFORMATION

ELM Building Service Engineers Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04461839

Registered office:

Unit E1

Nepshaw Lane South

Gildersome

Leeds

West Yorkshire

LS27 7JQ

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 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.

Improvements to property

-

10% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

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.

Financial instruments

Basic financial instruments:

Trade and other debtors

Short term debtors are measured at transaction price, less any impairment. Loan receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash at bank

Cash at bank and in hand and deposits held with banks are measured at transaction price.

Trade and other creditors

Short term debtors are measured at transaction price, less any impairment. Loan receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Taxation

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

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.

Pension costs and other post-retirement benefits

The company makes employer contributions into the personal pension schemes of directors and employees at its discretion. Contributions paid are charged in the profit and loss account.

Short term employee benefits

Short term employee benefit costs are recognised in the period in which they accrue.

Equity settled share based payments

The Company's parent undertaking has established an Enterprise Management Incentive scheme for the benefit of the Company's employees.The fair value of share options is determined at the date of grant and charged to the profit and loss account over the vesting period. The credit entry is recorded as a capital contribution within equity. The fair value is the directors estimation based upon the Black-Scholes model. The cumulative amount recognized over the vesting period is based on the number of options in the parent undertaking that are expected to eventually vest.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2024 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

COST

At 1 May 2024

30,457

3,811

65,059

Additions

-

Disposals

-

At 30 April 2025

30,457

3,811

65,059

DEPRECIATION

At 1 May 2024

24,464

2,492

51,466

Charge for year

899

198

2,039

Eliminated on disposal

-

At 30 April 2025

25,363

2,690

53,505

NET BOOK VALUE

At 30 April 2025

5,094

1,121

11,554

At 30 April 2024

5,993

1,319

13,593

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 May 2024

145,225

57,887

302,439

Additions

33,874

9,720

43,594

Disposals

(60,313

)

(4,850

)

(65,163

)

At 30 April 2025

118,786

62,757

280,870

DEPRECIATION

At 1 May 2024

87,193

44,536

210,151

Charge for year

16,482

4,547

24,165

Eliminated on disposal

(45,546

)

(3,133

)

(48,679

)

At 30 April 2025

58,129

45,950

185,637

NET BOOK VALUE

At 30 April 2025

60,657

16,807

95,233

At 30 April 2024

58,032

13,351

92,288

5.

DEBTORS

30.4.25

30.4.24

£

Amounts falling due within one year:

Trade debtors

1,193,614

1,712,525

Amounts owed by group undertakings

236,725

1,110,833

Amounts recoverable on contract

125,637

111,431

Other debtors

13,654

139,754

1,569,630

3,074,543

Amounts falling due after more than one year:

Other debtors

50,000

Aggregate amounts

1,619,630

3,124,543

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

Trade creditors

641,098

1,093,599

Taxation and social security

419,565

184,657

Other creditors

257,747

1,165,115

1,318,410

2,443,371

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

The Report of the Auditors was unqualified.

Darren John Metcalfe F.C.C.A. (Senior Statutory Auditor)

for and on behalf of Frank W Dobby & Co Limited

8.	RELATED PARTY DISCLOSURES

As permitted under FRS 102 transactions between group companies which are wholly owned have not been disclosed.

On 21 September 2023 as part of the management buyout, the company entered into a secured loan agreement with N Munday (director) in respect of a cash loan provided to the company (up to a maximum balance of £750,000). Under the terms of the loan agreement interest accrues at 6%. The amount owed to the director at 30 April 2024 amounted to £436,624 and this has been repaid in full in the current financial year and so the remaining amount due is £nil.

9.	ULTIMATE PARENT UNDERTAKING

The immediate and ultimate parent undertaking is EBSE Holdings Limited.

10.	SHARE-BASED PAYMENT TRANSACTIONS

On 24 October 2024 the Company's parent undertaking established an Enterprise Management Incentive scheme, and on that date granted 22,500 options in relation to £1 ordinary shares in the parent undertaking. In accordance with the scheme rules options are exercisable at nominal value of £1, subject to vesting conditions being met. The vesting condition is continued employment. The vesting period is not specifically defined as it is contingent upon a sale of shares or other form of Exit as defined in the scheme rules being agreed. The options will lapse 10 years after the grant.