BrightAccountsProduction v1.0.0 v1.0.0 2024-09-01 The company was not dormant during the period The company was trading for the entire period The principal activity of the company during the year was in the retail of electrical components. 27 March 2026 0 0 NI695257 2025-08-31 NI695257 2024-08-31 NI695257 2023-08-31 NI695257 2024-09-01 2025-08-31 NI695257 2023-09-01 2024-08-31 NI695257 uk-bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 NI695257 uk-curr:PoundSterling 2024-09-01 2025-08-31 NI695257 uk-bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 NI695257 uk-bus:AbridgedAccounts 2024-09-01 2025-08-31 NI695257 uk-core:ShareCapital 2025-08-31 NI695257 uk-core:ShareCapital 2024-08-31 NI695257 uk-core:RetainedEarningsAccumulatedLosses 2025-08-31 NI695257 uk-core:RetainedEarningsAccumulatedLosses 2024-08-31 NI695257 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2025-08-31 NI695257 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-08-31 NI695257 uk-bus:FRS102 2024-09-01 2025-08-31 NI695257 uk-core:FurnitureFittingsToolsEquipment 2024-09-01 2025-08-31 NI695257 uk-bus:Audited 2024-09-01 2025-08-31 NI695257 uk-core:ParentEntities 2024-09-01 2025-08-31 NI695257 uk-core:UltimateParent 2024-09-01 2025-08-31 NI695257 2024-09-01 2025-08-31 NI695257 uk-bus:Director1 2024-09-01 2025-08-31 xbrli:pure iso4217:GBP xbrli:shares

Company Registration Number: NI695257

Elsteel N.I. Limited

Abridged Financial Statements

for the financial year ended 31 August 2025

Elsteel N.I. Limited

Company Registration Number: NI695257

ABRIDGED BALANCE SHEET

as at 31 August 2025

|  |  | 2025 |  | 2024
|  | Notes | £ |  | £
Fixed Assets

Tangible assets |  | 8 | 30,106 |  | 5,198
|  |  | ───────── |  | ─────────
Current Assets

Stocks |  |  | 799,882 |  | 196,671
Debtors |  |  | 398,623 |  | 407,480
Cash and cash equivalents |  |  | 42,565 |  | 29,256
|  |  | ───────── |  | ─────────
|  |  | 1,241,070 |  | 633,407
|  |  | ───────── |  | ─────────
Creditors: amounts falling due within one year |  |  | (1,551,847) |  | (766,239)
|  |  | ───────── |  | ─────────
Net Current Liabilities |  |  | (310,777) |  | (132,832)
|  |  | ───────── |  | ─────────
Total Assets less Current Liabilities |  |  | (280,671) |  | (127,634)
Provisions for liabilities |  |  | (7,526) |  | -
|  |  | ───────── |  | ─────────
Net Liabilities |  |  | (288,197) |  | (127,634)
|  |  | ═════════ |  | ═════════
Capital and Reserves

Called up share capital |  |  | 100 |  | 100
Retained earnings |  |  | (288,297) |  | (127,734)
|  |  | ───────── |  | ─────────
Equity attributable to owners of the company |  |  | (288,197) |  | (127,634)
|  |  | ═════════ |  | ═════════
The financial statements have been prepared 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).

All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.

The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Director's Report.

Approved by the Director and authorised for issue on 27 March 2026

________________________________ |  |  |  |  |
Mr R McConachie |  |  |  |  |
Director |  |  |  |  |

Elsteel N.I. Limited

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

for the financial year ended 31 August 2025

1. | General Information
| Elsteel N.I. Limited is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI695257. The registered office of the company is 84 Dargan Road, Belfast, BT3 9JU, Northern Ireland which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

2. | Summary of Significant Accounting Policies
| The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
| Statement of compliance
| The financial statements of the company for the financial year ended 31 August 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
| Basis of preparation
| The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
| Turnover
| Turnover is measured at the fair value of the consideration received or receivable for goods supplies and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
| Pensions
| Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
| Tangible assets and depreciation
| Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
|  | Fixtures, fittings and equipment | - | 20% Straight line
| The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
| Stocks
| Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
| Trade and other debtors
| Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
| Cash and cash equivalents
| Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the Abridged Balance Sheet bank overdrafts are shown within Creditors.
| Provisions
| Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
| Trade and other creditors
| Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
| Taxation and deferred taxation
| Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
| Foreign currencies
| Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
| Ordinary share capital
| The ordinary share capital of the company is presented as equity.

3. | Going concern
| The company has net liabilities at the balance sheet date and is dependent on the continued financial support of its parent and ultimate parent. The directors have considered the level of support historically provided by the group and confirm that the parent undertaking has indicated its intention to continue providing financial support to enable the company to meet its liabilities as they fall due for a period of at least twelve months from the date of approval of these financial statements. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.

4. | INFORMATION RELATING TO THE AUDITOR'S REPORT
| The Audit Report was unqualified. There were no matters to which the auditor was required to refer by way of emphasis.
| The financial statements were audited by DNTCA Limited.
| The Auditor's Report was signed by Mrs Fiona McIlwaine (Senior Statutory Auditor) for and on behalf of DNTCA Limited on 27th March 2026.

5. | Provisions Available for Audits of Small Entities
| In common with many other businesses of our size and nature, we use our auditors to prepare and submit tax returns to His Majesty's Revenue and Customs and to assist with the preparation of the financial statements.

6. | Judgements and key sources of estimation uncertainty
| Preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where these judgements and estimates have been made are summarised in the depreciation policy.
| Stock provision
| Provision is made for slow moving stock on a line by line basis based on historical usage, which management believe provides a guide to recoverable value.

7. | Employees
| The average monthly number of employees, including director, during the financial year was 5, (2024 - 1).

8. | Tangible assets
|  | Fixtures, | Total
|  | fittings and |
|  | equipment |
|  | £ | £
| Cost
| At 1 September 2024 | 5,317 | 5,317
| Additions | 30,393 | 30,393
|  | ───────── | ─────────
| At 31 August 2025 | 35,710 | 35,710
|  | ───────── | ─────────
| Depreciation
| At 1 September 2024 | 119 | 119
| Charge for the financial year | 5,485 | 5,485
|  | ───────── | ─────────
| At 31 August 2025 | 5,604 | 5,604
|  | ───────── | ─────────
| Net book value
| At 31 August 2025 | 30,106 | 30,106
|  | ═════════ | ═════════
| At 31 August 2024 | 5,198 | 5,198
|  | ═════════ | ═════════

9. | Capital commitments
| The company had no material capital commitments at the financial year-ended 31 August 2025.

10. | Parent and ultimate parent company
| The company's parent company is Parkelect Limited.
| The companys ultimate parent undertaking is Westbank Group Limited who control 99&#37; of the shares of Elsteel NI Limited. Westbank Group Limited was incorporated in Northern Ireland.
| Copies of the group accounts can be found at the registered office address 84 Dargan Road Antrim Northern Ireland.

11. | Post-Balance Sheet Events
| There have been no significant events affecting the company since the financial year-end.