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Company Registration No. 13434195 (England and Wales)
ELSIEPAVE LTD Unaudited accounts for the year ended 30 June 2025
ELSIEPAVE LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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ELSIEPAVE LTD Company Information for the year ended 30 June 2025
Director
Patrick Bryan Fehily
Company Number
13434195 (England and Wales)
Registered Office
112 - 113 High Street LINCOLN LN5 7PY ENGLAND
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA Templar Accounting & Business Support Services Limited (Incorp: Blake and Co ) 112 - 113 High Street, Lincoln, Lincolnshire LN5 7PY
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ELSIEPAVE LTD Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
22,646
20,508
Current assets
Debtors
5
76,660
44,754
Cash at bank and in hand
1,639
2,880
78,299
47,634
Creditors: amounts falling due within one year
6
(80,938)
(45,432)
Net current (liabilities)/assets
(2,639)
2,202
Total assets less current liabilities
20,007
22,710
Creditors: amounts falling due after more than one year
7
(6,155)
-
Provisions for liabilities
Deferred tax
8
(1,949)
(1,543)
Net assets
11,903
21,167
Capital and reserves
Called up share capital
9
1
1
Profit and loss account
11,902
21,166
Shareholders' funds
11,903
21,167
For the year ending 30 June 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 director acknowledges his 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 and authorised for issue on 5 March 2026 and were signed on its behalf by
Patrick Bryan Fehily Director Company Registration No. 13434195
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ELSIEPAVE LTD Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
ELSIEPAVE LTD is a private company, limited by shares, registered in England and Wales, registration number 13434195. The registered office is 112 - 113 High Street, LINCOLN, LN5 7PY, ENGLAND.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
20% Reducing balance
Motor vehicles
20% Reducing balance
Computer equipment
20% Reducing balance
Deferred taxation
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.
Leased assets
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.
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ELSIEPAVE LTD Notes to the Accounts for the year ended 30 June 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 July 2024
5,800
25,935
1,773
33,508
Additions
-
6,900
-
6,900
At 30 June 2025
5,800
32,835
1,773
40,408
Depreciation
At 1 July 2024
2,830
9,443
727
13,000
Charge for the year
594
3,959
209
4,762
At 30 June 2025
3,424
13,402
936
17,762
Net book value
At 30 June 2025
2,376
19,433
837
22,646
At 30 June 2024
2,970
16,492
1,046
20,508
2025
2024
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
6,900
-
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
2,953
1,631
Trade debtors
25,930
13,745
Other debtors
47,777
29,378
76,660
44,754
6
Creditors: amounts falling due within one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
2,707
-
Trade creditors
13,215
8,880
Taxes and social security
9,384
1,762
Other creditors
6,558
4,397
Loans from directors
577
295
Accruals
720
720
Deferred income
47,777
29,378
80,938
45,432
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ELSIEPAVE LTD Notes to the Accounts for the year ended 30 June 2025
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
4,393
-
Taxes and social security
1,762
-
6,155
-
Hire Purchase Liability YR2. and Yr3. £4,393 Corporation tax liability of £1,762 to be netted off against a CIS tax refund from HMRC. Awaiting tax refund from HMRC since April 5th 2024
8
Deferred taxation
2025
2024
£
£
Accelerated capital allowances
1,949
1,543
2025
2024
£
£
Provision at start of year
1,543
1,199
Charged to the profit and loss account
406
344
Provision at end of year
1,949
1,543
A cumulative deferred tax reserve has been created of some £1,949 due to accelerated capital allowances. This reserve will reverse in future periods creating a tax liability at the prevailing rate on the day.
9
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
10
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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