REGISTERED NUMBER: 06606159 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

EL Midlands Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W M Doherty

E L Watts

S Odedra

K R Ross

REGISTERED OFFICE:

Unit 1, Woodside Business Park

Anstey Lane

Thurcaston

Leicester

LE7 7JA

REGISTERED NUMBER:

06606159 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

69,833

160,806

69,833

160,806

CURRENT ASSETS

Stocks

75,197

91,285

Debtors

6

924,667

968,828

Cash at bank

14,508

15,374

1,014,372

1,075,487

CREDITORS

Amounts falling due within one year

7

(314,999

)

(311,045

)

NET CURRENT ASSETS

699,373

764,442

TOTAL ASSETS LESS CURRENT LIABILITIES

769,206

925,248

CREDITORS

Amounts falling due after more than one year

8

(128,568

)

(278,552

)

PROVISIONS FOR LIABILITIES

(5,266

)

(27,231

)

NET ASSETS

635,372

619,465

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

635,272

619,365

635,372

619,465

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 15 December 2025 and were signed on its behalf by:

E L Watts - Director

1.	STATUTORY INFORMATION

EL Midlands 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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of the business, is amortised evenly over its estimated useful life of 10 years.

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

-

25% on cost

Plant and machinery

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Taxation

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 year was 11 (2024 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2024

and 31 May 2025

30,000

AMORTISATION

At 1 June 2024

and 31 May 2025

30,000

NET BOOK VALUE

At 31 May 2025

-

At 31 May 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 June 2024

2,950

270,203

227,579

1,622

502,354

Additions

-

2,243

-

-

2,243

Disposals

-

(85,650

)

(32,073

)

-

(117,723

)

At 31 May 2025

2,950

186,796

195,506

1,622

386,874

DEPRECIATION

At 1 June 2024

2,950

188,681

149,376

541

341,548

Charge for year

-

17,512

35,896

541

53,949

Eliminated on disposal

-

(46,383

)

(32,073

)

-

(78,456

)

At 31 May 2025

2,950

159,810

153,199

1,082

317,041

NET BOOK VALUE

At 31 May 2025

-

26,986

42,307

540

69,833

At 31 May 2024

-

81,522

78,203

1,081

160,806

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

84,218

170,180

Amounts owed by group undertakings

838,558

798,548

Other debtors

1,891

100

924,667

968,828

Other debtors include prepayments and accrued income of £891 (2024: £Nil)

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans and overdrafts

85,000

85,000

Hire purchase contracts

25,411

38,209

Trade creditors

104,809

104,770

Taxation and social security

63,552

47,221

Other creditors

36,227

35,845

314,999

311,045

Other creditors include accruals and deferred income of £7,424 (2024: £4,757)

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans

91,667

176,667

Hire purchase contracts

36,901

101,885

128,568

278,552

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.5.25

31.5.24

£

£

Hire purchase contracts

62,312

140,094

Bank loan

162,500

237,500

224,812

377,594

Hire purchase liabilities are secured on the individual assets being so acquired.

The bank loan is secured via a fixed and floating charge over the assets of the company.

10.	OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments, guarantees and contingencies that are not included in the balance sheet is £126,999 (2024: £186,966)