ELLISON AC LIMITED - Filleted accounts

Registered number

06274630

ELLISON AC LIMITED

Filleted Accounts

31 March 2025

ELLISON AC LIMITED
Registered number:		06274630
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		1			1
Tangible assets	4		70,218			101,414
			70,219			101,415

Current assets
Debtors	5	450,408			325,696
Cash at bank and in hand		769,652			273,157
		1,220,060			598,853

Creditors: amounts falling due within one year	6	(673,592)			(214,276)

Net current assets			546,468			384,577

Total assets less current liabilities			616,687			485,992


Provisions for liabilities			(17,554)			(23,702)


Net assets			599,133			462,290

Capital and reserves
Called up share capital			100			100
Profit and loss account			599,033			462,190

Shareholder's funds			599,133			462,290

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr J H Ellison
Director
Approved by the board on 15 December 2025

ELLISON AC LIMITED
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Sale of goods Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. Rendering of services 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Intangible fixed assets - goodwill
	Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

	Plant and Machinery			20% reducing balance
	Motor Vehicles			25% reducing balance
	Fixtures and Fitttings			15% reducing balance
	Computer Equipment			33% straight line

	Taxation
	Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					1		1


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 April 2024							1
	At 31 March 2025							1

	Amortisation
	At 31 March 2025							-

	Net book value
	At 31 March 2025							1
	At 31 March 2024							1

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Plant and Machinery		Fixtures and Fittings		Computer Equipment		Total
£			£		£		£
	Cost
	At 1 April 2024	155,917		1,000		12,670		169,587
	At 31 March 2025	155,917		1,000		12,670		169,587

	Depreciation
	At 1 April 2024	54,516		987		12,670		68,173
	Charge for the year	31,183		13		-		31,196
	At 31 March 2025	85,699		1,000		12,670		99,369

	Net book value
	At 31 March 2025	70,218		-		-		70,218
	At 31 March 2024	101,401		13		-		101,414


5	Debtors					2025		2024
£							£

	Amounts owed by group undertakings and undertakings in which the company has a participating interest					417,893		296,307
	Prepayments and accrued income					32,515		29,389
						450,408		325,696


6	Creditors: amounts falling due within one year					2025		2024
£							£

	Director's loan account					10,000		10,000
	Trade creditors					406,553		962
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					146,327		140,000
	Taxation and social security costs					78,443		44,948
	Other creditors					32,269		18,366
						673,592		214,276


7	Directors Advances, Credits and Guarantees

	The director maintained a credit loan with the company throughout the current and previous period.


8	Related party transactions

	The company is a subsidiary of Woodgate Holdings (UK) Ltd, a company incorporated in England and Wales, which holds 75% or more of the company’s shares and voting rights. During the year the company entered into transactions with related parties under common control. These transactions were conducted on normal commercial terms. At the balance sheet date, amounts due from related parties included within debtors totalled £417,893 and amounts due to related parties included within creditors totalled £552,765. These balances are unsecured and repayable on demand.


9	Other information

	ELLISON AC LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	Woodgate
	White Lund Industrial Estate
	Morecambe
	Lancashire
	LA3 3PS