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Registered number:
FOR THE YEAR ENDED 30 SEPTEMBER 2025
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EYRE & ELLISTON LIMITED
COMPANY INFORMATION
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EYRE & ELLISTON LIMITED
CONTENTS
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EYRE & ELLISTON LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2025
The directors present their strategic report detailing the company's performance during the year ended
30 September 2025. Principal activity The principal activity of the company is that of distributors of electrical products.
The directors consider the results for the year to be satisfactory, sales volume grew despite a weak UK market but the margin gain from this was negated by increases in operating costs, primarily from the substantial increase in employer NI taxation together with general inflation.
During last year we strengthened our senior management team with the benefits unlikely to show before our 25/26 year – 8 months into this year we are seeing sales growth in a market which remains weak. We expect this to continue, and it should result in an upturn in profitability for the current year. The company continues to hold a significant cash balance, and the company reported a pre-tax profit of £1,493k.
The board monitors the company's performance in a number of ways including key performance indicators.
The key financial indicators for 2025, together with the comparative for 2024, are as follows: - Turnover - £72,390k (2024: £69,992k) - Gross margin - 7.59% (2024: 7.58%) - Pre-tax profit - £1,492k (2024: £1,564k) The turnover indicator represents the value of goods delivered to customers in the year and measures sales growth in value terms. The gross margin is calculated by dividing gross profit by turnover and measures the total profitability of product sales. Pre-tax profit is the profit generated by the company from operations including finance income and finance costs but before taxation. The indicator measures the overall profitability of the business for the year. The board also considers the following key non-financial performance indicators: - Customer mix measured against plans - Marketing and sales activities measured against results. These non-financial indicators are reviewed regularly by the board.
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EYRE & ELLISTON LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
Risk is present in all businesses. The directors consider the major risks and uncertainties at present are:
Customer mix There is a risk that the company becomes too dependent on a particular type of customer and efforts are made to ensure that our exposure to such a risk is minimised by ensuring a varied mix of customers at branch level. Warranties The company does not itself give warranties but does pass on manufacturers' warranties. Insurance risks The company insures its business assets against insurable risks as it deems appropriate.
Eyre & Elliston Limited: Stakeholder Engagement
The Board of Directors at Eyre & Elliston Limited, both individually and together, have a legal responsibility under section 172 of the Companies Act 2006 to act in the way we consider, in good faith, would be most likely to promote the company’s success for the benefit of its key stakeholders as a whole. The directors recognise that building strong relationships with our stakeholders will enable the company to deliver on its long term goals and operate the business in a sustainable way. Promoting the company’s success for its members Eyre & Elliston Limited is one of the largest independent Electrical Wholesalers in the UK and proudly benefits from a long standing reputation for offering the highest level of service to our varied customer base. Our structure promotes locally based branches around the country to provide a quality assured level of service to our valued customers utilising locally employed expertise. Engaging with stakeholders Employees We regard our employees as our most valuable asset and work hard to maintain a motivated, educated and experienced workforce that in turn offers the highest standard of service to our customers. The directors are committed to developing a culture of inclusion, ensuring training and development opportunities are provided and keeping staff informed through our internal network. We maintain long term training programmes for all staff which are conducted on a local and national basis utilising the knowledge and expertise of our suppliers and externally sourced professionals. We also retain a strong ethic of internal promotion and career progression and actively recognise employee success and loyalty. We recognise the importance of communication with our employees and we actively seek opportunities to engage with our staff. Employees are made aware of the financial and economic factors affecting the achievement of the company and the way in which their personal contributions are of fundamental importance to the future success of the business. We welcome feedback from all of our employees and listen carefully to any suggestions or proposals of how we can improve the way we work. Full and fair consideration is given to the employment of disabled persons and the company has made, and will continue to make, every effort to retain and assist any individuals disabled in the course of their employment and help with their rehabilitation.
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EYRE & ELLISTON LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
Directors' statement of compliance with duty to promote the success of the company (continued)
Customers The company’s strategic goals include growth and expansion through the acquisition of new branches. We also continue to target new customers and develop our strong relationship with existing suppliers. We are developing our online presence to meet the increased business requirements of our customers who wish to order on line for next day collection or delivery. We successfully achieved the industry recognised standard of BS5750 in 1992 and have since maintained recognition to BS EN ISO9001:2015 at all of our audited sites. We believe that this is a strong indicator of our commitment of the highest possible standards of service and operation to all of our customers. Suppliers We maintain a policy of limiting our purchases to carefully chosen suppliers where a mutually beneficial business relationship can be maintained. Our suppliers are expected to provide products of the highest quality which meet all recognised industry legislation and standards in addition to reaching and maintaining our own expectation of quality of service, competitiveness and social responsibility. We are committed to maintain the highest levels of ethical and moral fairness in all of our business practices to ensure compliance with all current relevant law and regulation, in addition to the expectation and requirements of our trading partners. The company considers payment on time is of paramount importance and we seek to adhere to all applicable payment terms. Environment The company will always adopt the principles of the “best practicable environmental option” whilst carrying out its responsibility with waste management services. We carefully select the most efficient and economical vehicles within our own fleet and ensure that all delivery routines are managed effectively to reduce fuel consumption and emissions. We promote the use of recyclable materials for packaging and maintain a policy of improving more efficient means of lighting, heating and insulation at all branch locations, thereby minimising energy usage. We strive to ensure all our buildings run safely and energy efficiently. Community We aim to minimise our operational impact whilst providing a positive contribution to the local communities in which we operate. We encourage local recruitment and foster strong relationships with local educational establishments throughout the group network. The company often offers support towards many fundraising activities conducted by our employees in addition to those of our suppliers with recent support including donations made to CancerResearch and London Air Ambulance.
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EYRE & ELLISTON LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
This report was approved by the board on 25 June 2026 and signed on its behalf.
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EYRE & ELLISTON LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2025
The directors present their report and the financial statements for the year ended 30 September 2025.
The directors who served during the year were:
The profit for the year, after taxation, amounted to £1,033,078 (2024 - £1,081,254).
Particulars of dividends paid are given in note 12 to the financial statements.
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the company's financial statements and then apply them consistently;
∙make judgements and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The required disclosures in this regard are included in the Strategic Report.
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EYRE & ELLISTON LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
The company has chosen in accordance with s414C(11) Companies Act 2006 to set out in the Strategic report information required by Schedule 7 of the Large and Medium-sized Companies and groups (Accounts and Reports) Regulations 2008 to be contained in the Director's report, it has done so in respect of discussions of future developments and the company's financial risk management policies and objectives.
There have been no significant events affecting the company since the year end.
The auditor, Shorts, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board on
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EYRE & ELLISTON LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF EYRE & ELLISTON LIMITED
We have audited the financial statements of Eyre & Elliston Limited (the 'company') for the year ended 30 September 2025, which comprise the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
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EYRE & ELLISTON LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF EYRE & ELLISTON LIMITED (CONTINUED)
The other information comprises the information included in the Annual report other than the financial statements and our Auditor's Report thereon. The directors are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.
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EYRE & ELLISTON LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF EYRE & ELLISTON LIMITED (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
∙the engagement team collectively had the appropriate competence, capabilities and skills to identify and recognise non-compliance with applicable laws and regulations;
∙through discussions with the directors and other management and from our commercial knowledge, we identified the laws and regulations applicable to the company; and
∙focusing on the specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, we assessed the extent of compliance with those laws and regulations identified above through making enquiries of management and inspecting relevant correspondence.
We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
∙making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected or alleged fraud; and
∙considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
To address the risk of fraud through management bias and override of controls, we:
∙performed analytical procedures to identify any unusual or unexpected relationships;
∙considered journal entries during the year to identify unusual transactions;
∙assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and
∙investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
∙agreeing financial statement disclosures to underlying supporting documentation;
∙enquiring of management as to actual and potential litigation and claims;
∙considering relationships with HMRC, other relevant regulators and the company’s legal advisors; and
∙reviewing legal and professional costs and of incident log to identify any indicators of litigation.
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EYRE & ELLISTON LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF EYRE & ELLISTON LIMITED (CONTINUED)
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the FinancialReporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's Report.
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an Auditor's Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Chartered Accountants
Statutory Auditor
2 Ashgate Road
Derbyshire
S40 4AA
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EYRE & ELLISTON LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 SEPTEMBER 2025
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EYRE & ELLISTON LIMITED
REGISTERED NUMBER: 00363429
BALANCE SHEET
AS AT 30 SEPTEMBER 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf on
The notes on pages 14 to 27 form part of these financial statements.
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EYRE & ELLISTON LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2025
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EYRE & ELLISTON LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
Eyre & Elliston Limited is a private company limited by shares, and incorporated in England. Itsregisteredoffice is 191 Chatsworth Road, Chesterfield, Derbyshire, S40 2BD, and its registered number is 00363429.
The principal activity of the company is that of distributors of electrical products. The company's functional and presentational currency is pounds sterling.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies (see note 3).
The following principal accounting policies have been applied:
The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
∙the requirements of Section 7 Statement of Cash Flows;
∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
∙the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;
∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.
This information is included in the consolidated financial statements of Eyre & Elliston Holdings Limited as at 30 September 2025 and these financial statements may be obtained from Companies House.
The Directors have reviewed the working capital of the company, in light of the forecasts prepared and believe that the company has sufficient financial resources to continue for the foreseeable future. Therefore, the financial statements have been prepared on a going concern basis.
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EYRE & ELLISTON LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
2.Accounting policies (continued)
Turnover from the sale of goods is recognised when the company has transferred the significant risks and rewards of ownership to the buyer.
Cost of sales consists of all costs to the point of sale, including warehouse and transportation costs, and all costs of operating distribution outlets, net of discounts on purchases.
The company participates in the group's defined contribution pension plan for its employees.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from those of the company in independently administered funds.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: - the recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and - any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
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EYRE & ELLISTON LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
2.Accounting policies (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.
Depreciation rates used are:
Freehold land is not depreciated. Depreciation on other assets is charged so as to allocate their cost, less residual values, over their estimated useful lives. The assets' residual values, useful lives, and depreciation methods are reviewed, and adjusted prospectively if appropriate or if there is an indication of a significant change since the last reporting date.
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
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EYRE & ELLISTON LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
2.Accounting policies (continued)
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
The company has only basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to or from related parties and investments in non-puttable ordinary shares.
Financial assets, being trade and other debtors and amounts due from group companies, are originally recognised at the transaction price and are subsequently carried at amortised cost, using the effective interest method, subject to any impairment losses. Financial liabilities, being trade and other creditors, are originally recognised at the transaction price and are subsequently carried at the amounts expected to be needed to settle the liability.
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EYRE & ELLISTON LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
Critical accounting estimates and assumptions Preparation of the financial statements requires management to make significant judgements and estimates. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that will have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: Stock provisioning The company holds a wide range of stock, some of which is subject to changing customer demands, sometimes dictated by regulatory changes, and fashion trends. As a result it is necessary to consider the recoverability of the cost of stock and the associated provisioning required. When calculating the stock provision, management considers the nature and condition of the stock, as well as applying assumptions around its anticipated future saleability. See note 16 for the net carrying amount of stock, stated after the associated provision. Impairment of debtors The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors, and historical experience. See note 17 for the net carrying amounts of debtors, stated after the associated impairment provision.
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EYRE & ELLISTON LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
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EYRE & ELLISTON LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
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EYRE & ELLISTON LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
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EYRE & ELLISTON LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
11.Taxation (continued)
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EYRE & ELLISTON LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
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EYRE & ELLISTON LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
The 2025 valuations were made by the Directors, on an open market value for existing use basis.
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EYRE & ELLISTON LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
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EYRE & ELLISTON LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
20.Deferred taxation (continued)
Share premium account
Profit and loss account
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EYRE & ELLISTON LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
The company participates in the Eyre & Elliston group defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
The pension cost charge represents contributions payable by the company to the fund and amounted to £374,853 (2024 - £343,070). An amount of £NIL (2024: £NIL) was owing to the fund at the year end.
The company is a wholly owned subsidiary of Eyre & Elliston Holdings Limited, a company incorporated in England, which is the ultimate parent undertaking, and whose registered office is 191 Chatsworth Road, Chesterfield, Derbyshire, S40 2BD. The group accounts of Eyre & Elliston Holdings Limited are available from the Registrar of Companies.
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