REGISTERED NUMBER: 03917537 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2024 TO 31 AUGUST 2025

FOR

ELBAR SERVICES LIMITED

Page

Statement of Financial Position

1

to

2

Notes to the Financial Statements

3

to

8

FIXED ASSETS

Tangible assets

4

-

386,862

Investment property

5

-

2,353,818

-

2,740,680

CURRENT ASSETS

Stocks

-

1

Debtors

6

533,690

501,829

Cash at bank

1,336,437

17,258

1,870,127

519,088

CREDITORS

Amounts falling due within one year

7

(733,484

)

(536,805

)

NET CURRENT ASSETS/(LIABILITIES)

1,136,643

(17,717

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,136,643

2,722,963

CREDITORS

Amounts falling due after more than one year

8

-

(450,454

)

PROVISIONS FOR LIABILITIES

-

(17,844

)

NET ASSETS

1,136,643

2,254,665

CAPITAL AND RESERVES

Called up share capital

100,000

100,000

Revaluation reserve

-

1,179,847

Retained earnings

1,036,643

974,818

1,136,643

2,254,665

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 October 2025 and were signed by:

Mrs E Croft - Director

1.	STATUTORY INFORMATION

Elbar Services Limited 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:

03917537

Registered office:

4 High Street

Uttoxeter

Staffordshire

ST14 7HT

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 as modified by the revaluation of certain assets.

REVENUE RECOGNITION

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

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

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

Freehold Property - Depreciated straight line over 44 years

Improvements to property - 10% on reducing balance

Plant and Machinery - 15% on reducing balance

Motor Vehicles - 25% on reducing balance

Computer Equipment - 33.3% on straight line

Office Equipment - 15% on reducing balance

Impairment of Fixed Assets

A review for indicators of impairment is carried out at each reporting date, with recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purpose of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash- generating unit to which the asset belongs. The cash- generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or group of assets

INVESTMENT PROPERTY

Investment properly is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

FINANCIAL INSTRUMENTS

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

TAXATION

Taxation for the period 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 statement of financial position date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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 operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST OR VALUATION

At 1 April 2024

180,000

544,840

511,665

Disposals

(57,312

)

(544,840

)

(511,665

)

Revaluations

(122,688

)

-

-

At 31 August 2025

-

-

-

DEPRECIATION

At 1 April 2024

124,097

380,687

379,369

Charge for period

-

16,417

19,845

Eliminated on disposal

(124,097

)

(397,104

)

(399,214

)

At 31 August 2025

-

-

-

NET BOOK VALUE

At 31 August 2025

-

-

-

At 31 March 2024

55,903

164,153

132,296

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST OR VALUATION

At 1 April 2024

30,512

67,896

16,004

1,350,917

Disposals

(30,512

)

(67,896

)

(16,004

)

(1,228,229

)

Revaluations

-

-

-

(122,688

)

At 31 August 2025

-

-

-

-

DEPRECIATION

At 1 April 2024

24,334

40,176

15,392

964,055

Charge for period

926

6,932

500

44,620

Eliminated on disposal

(25,260

)

(47,108

)

(15,892

)

(1,008,675

)

At 31 August 2025

-

-

-

-

NET BOOK VALUE

At 31 August 2025

-

-

-

-

At 31 March 2024

6,178

27,720

612

386,862

Cost or valuation at 31 August 2025 is represented by:

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

2,353,818

Disposals

(1,249,629

)

Revaluations

(1,104,189

)

At 31 August 2025

-

NET BOOK VALUE

At 31 August 2025

-

At 31 March 2024

2,353,818

Fair value at 31 August 2025 is represented by:

£

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.3.24

£

£

Trade debtors

9,531

119,228

Other debtors

524,159

382,601

533,690

501,829

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.3.24

£

£

Bank loans and overdrafts

-

96,818

Trade creditors

-

115,175

Taxation and social security

632,227

229,660

Other creditors

101,257

95,152

733,484

536,805

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.3.24

£

£

Bank loans

-

67,138

Other creditors

-

383,316

-

450,454

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 August 2025 and the year ended 31 March 2024:

31.8.25

31.3.24

£

£

Mrs E Croft

Balance outstanding at start of period

84,483

290,945

Amounts advanced

627,427

7,538

Amounts repaid

(393,344

)

(214,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

318,566

84,483