Company Registration No. 07870495 (England and Wales)
Elevation Property Maintenance Limited
Unaudited accounts
for the year ended 31 March 2025
Elevation Property Maintenance Limited
Unaudited accounts
Contents
Elevation Property Maintenance Limited
Company Information
for the year ended 31 March 2025
Directors
Craig Riley
Joanna Riley-Walsh
Company Number
07870495 (England and Wales)
Registered Office
Minshull House
67 Wellington Road North
Stockport
Cheshire
SK4 2LP
England
Accountants
James Wheelan Accountancy Limited
Minshull House
67 Wellington Road North
Stockport
SK4 2LP
Elevation Property Maintenance Limited
Statement of financial position
as at 31 March 2025
Tangible assets
178,977
114,345
Cash at bank and in hand
32,520
17,331
Creditors: amounts falling due within one year
(315,814)
(275,525)
Net current (liabilities)/assets
(62,488)
23,902
Total assets less current liabilities
116,489
138,247
Creditors: amounts falling due after more than one year
(82,882)
(67,523)
Provisions for liabilities
Deferred tax
(30,757)
(20,765)
Called up share capital
100
100
Profit and loss account
2,750
49,859
Shareholders' funds
2,850
49,959
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 December 2025 and were signed on its behalf by
Craig Riley
Director
Company Registration No. 07870495
Elevation Property Maintenance Limited
Notes to the Accounts
for the year ended 31 March 2025
Elevation Property Maintenance Limited is a private company, limited by shares, registered in England and Wales, registration number 07870495. The registered office is Minshull House, 67 Wellington Road North, Stockport, Cheshire, SK4 2LP, England.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Computer equipment
33.3 % straightline
Other tangible fixed assets
10% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Elevation Property Maintenance Limited
Notes to the Accounts
for the year ended 31 March 2025
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2024
177,306
7,739
185,045
Additions
70,578
13,417
83,995
At 31 March 2025
247,884
21,156
269,040
At 1 April 2024
68,016
2,684
70,700
Charge for the year
17,172
2,191
19,363
At 31 March 2025
85,188
4,875
90,063
At 31 March 2025
162,696
16,281
178,977
At 31 March 2024
109,290
5,055
114,345
Work in progress
28,000
28,082
Finished goods
16,100
10,900
Amounts falling due within one year
Trade debtors
138,927
235,548
Other debtors
37,779
7,566
Elevation Property Maintenance Limited
Notes to the Accounts
for the year ended 31 March 2025
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Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
5,395
5,187
Obligations under finance leases and hire purchase contracts
19,060
11,455
Trade creditors
61,012
60,837
Taxes and social security
205,562
171,571
Loans from directors
191
568
8
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
57,579
36,856
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Average number of employees
During the year the average number of employees was 23 (2024: 20).