REGISTERED NUMBER: 08640427 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

ELSBY & COMPANY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C A Elsby

C V Emery

L Bateman

REGISTERED OFFICE:

155 Wellingborough Road

Rushden

Northamptonshire

NN10 9TB

REGISTERED NUMBER:

08640427 (England and Wales)

ACCOUNTANTS:

Elsby & Co

155 Wellingborough Road

Rushden

Northamptonshire

NN10 9TB

FIXED ASSETS

Intangible assets

4

331,231

367,646

Tangible assets

5

33,508

34,541

364,739

402,187

CURRENT ASSETS

Debtors

6

1,197,899

1,247,212

Cash at bank

130,689

237,221

1,328,588

1,484,433

CREDITORS

Amounts falling due within one year

7

721,010

851,667

NET CURRENT ASSETS

607,578

632,766

TOTAL ASSETS LESS CURRENT LIABILITIES

972,317

1,034,953

CREDITORS

Amounts falling due after more than one year

8

(528,409

)

(573,975

)

PROVISIONS FOR LIABILITIES

(7,870

)

(7,366

)

NET ASSETS

436,038

453,612

CAPITAL AND RESERVES

Called up share capital

10

297,163

297,163

Capital redemption reserve

36,726

36,726

Retained earnings

102,149

119,723

SHAREHOLDERS' FUNDS

436,038

453,612

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 17 December 2025 and were signed on its behalf by:

C A Elsby - Director

1.	STATUTORY INFORMATION

Elsby & Company Ltd 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 represents revenues receivable under contracts, net of value added tax. Where contractual obligations have been partially performed at the balance sheet date revenue is recognised to the extent that the company has obtained the right to consideration through its performance.

Goodwill

Goodwill is amortised evenly over its estimated useful life, of between five and fifteen years. Acquisitions in 2013 and 2014 have been fully amortised, an acquisition in 2016 is being amortised over 15 years and an acquisition in 2020 is being amortised over 5 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

Straight line over 5 years

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.

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 35 (2024 - 38 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

1,008,239

Additions

9,850

At 31 March 2025

1,018,089

AMORTISATION

At 1 April 2024

640,593

Charge for year

46,265

At 31 March 2025

686,858

NET BOOK VALUE

At 31 March 2025

331,231

At 31 March 2024

367,646

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

234,226

Additions

21,461

Disposals

(131,131

)

At 31 March 2025

124,556

DEPRECIATION

At 1 April 2024

199,685

Charge for year

15,002

Eliminated on disposal

(123,639

)

At 31 March 2025

91,048

NET BOOK VALUE

At 31 March 2025

33,508

At 31 March 2024

34,541

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

488,764

516,548

Amounts owed by associates

112,322

67,112

Amounts recoverable on contract

182,252

216,569

Other debtors

365,867

415,814

Prepayments and accrued income

48,694

31,169

1,197,899

1,247,212

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

11,667

10,000

Other loans

113,575

158,767

Trade creditors

102,773

92,814

Tax

83,148

104,641

Social security and other taxes

41,295

27,755

VAT

118,061

126,748

Other creditors

8,833

91,650

Directors' current accounts

31,060

45,396

Accruals and deferred income

210,598

193,896

721,010

851,667

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

-

10,000

Bank loans - 2-5 years

-

1,667

Other loans - 1-2 years

48,140

103,414

Other loans - 2-5 years

99,755

127,219

Loan from associate

380,514

331,675

528,409

573,975

9.	SECURED DEBTS

Within Creditors are loan balances of £261,470 (2024 £389,400) which are secured by a fixed charge on the company's assets.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

297,163

Ordinary

£1

297,163

297,163

11.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is Elsby & Co ( Holdings ) Limited. The registered office of the ultimate parent company is 155 Wellingborough Road, Rushden, Northamptonshire NN10 9TB.