REGISTERED NUMBER: 04939570 (England and Wales)

Audited Financial Statements for the Year Ended 31 August 2025

for

ELITE GB ENVIRONMENTAL SERVICES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Paul Sayer

Mark Sayer

Lee Sayer

REGISTERED OFFICE:

Ritzbury House

Green Street

Sunbury-On-Thames

TW16 6QA

REGISTERED NUMBER:

04939570 (England and Wales)

AUDITORS:

HC & Co Limited

168 Cranford Drive

Hayes

Middlesex

UB3 4LG

BANKERS:

HSBC Bank Plc

54 Clarence Street

Kingston-Upon-Thames

Surrey

KT1 1NS

FIXED ASSETS

Intangible assets

4

-

1,042

Tangible assets

5

23,774

80,517

23,774

81,559

CURRENT ASSETS

Debtors

6

1,045,459

1,539,205

Cash at bank

199,163

14,495

1,244,622

1,553,700

CREDITORS

Amounts falling due within one year

7

607,342

817,592

NET CURRENT ASSETS

637,280

736,108

TOTAL ASSETS LESS CURRENT LIABILITIES

661,054

817,667

PROVISIONS FOR LIABILITIES

9

5,944

20,129

NET ASSETS

655,110

797,538

CAPITAL AND RESERVES

Called up share capital

10

1,000

1,000

Retained earnings

11

654,110

796,538

SHAREHOLDERS' FUNDS

655,110

797,538

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 June 2026 and were signed on its behalf by:

Paul Sayer - Director

1.	STATUTORY INFORMATION

ELITE GB ENVIRONMENTAL SERVICES 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.

The presentation currency of the financial statements is the Pound Sterling (£) which is also the functional currency.

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.

Going concern

The company's business activities, performance and position together with its principal risks and uncertainties are likely to affect its future development and performance. The directors, having made enquiries and reviewed the forecasts and in light of the opportunities and facilities available, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore, it is reasonable to continue to adopt the going concern basis in preparing the Annual Report and Accounts.

Revenue recognition

Revenues comprise sales to outside customers after discounts, excluding value added tax. Income is recognised when the significant risks and rewards of ownership of the goods and services are transferred to the customer, the sales price agreed and the receipt of payment can be assured.Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty.

Revenue from the sale of primary materials and renewable products is recognised when control of the goods has transferred to the customer, being the point at which the goods are delivered to or collected by the customer.

Revenue from waste disposal, rubbish clearance, muck away, haulage and grab hire services is recognised in the accounting period in which the services are performed, when the company has satisfied its contractual obligations to the customer and economic benefit is probable. This is generally at the point the collection, transportation, disposal or hire service has been completed.

Where services are provided over a period of time, revenue is recognised by reference to the stage of completion of the contract activity at the reporting date.

Goodwill

Intellectual property and goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten 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

Tangible assets including Plant and machinery, Motor vehicles and Office equipment are stated in the balance sheet at cost, Iess any subsequent accumulated depreciation and subsequent accumulated impairment losses, post annual impairment review.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on cost

Motor vehicles

-

15% on cost

Office equipment

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Invoice financing

The company operates an invoice financing facility under which trade debts are assigned to a third party financier. As the company retains the significant risks and rewards associated with the assigned debts, including material credit risk, the debts continue to be recognised in full on the balance sheet within trade debtors. The corresponding amounts drawn down under the facility are recognised as a liability within creditors falling due within one year. The costs associated with the facility are charged to the profit and loss account as incurred.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all its liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Intellectual

property

and

goodwill

£

COST

At 1 September 2024

and 31 August 2025

50,000

AMORTISATION

At 1 September 2024

48,958

Amortisation for year

1,042

At 31 August 2025

50,000

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

1,042

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Office

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 September 2024

97,608

36,938

17,496

152,042

Additions

-

5,000

3,478

8,478

Disposals

(97,608

)

(16,939

)

(700

)

(115,247

)

At 31 August 2025

-

24,999

20,274

45,273

DEPRECIATION

At 1 September 2024

50,199

9,000

12,326

71,525

Charge for year

9,875

5,341

2,092

17,308

Eliminated on disposal

(60,074

)

(6,560

)

(700

)

(67,334

)

At 31 August 2025

-

7,781

13,718

21,499

NET BOOK VALUE

At 31 August 2025

-

17,218

6,556

23,774

At 31 August 2024

47,409

27,938

5,170

80,517

On 14 February 2025, Bibby Financial Services Limited created a fixed and floating charge over the company's assets.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

920,741

1,216,236

Other debtors

2,414

550

Director's loan account

57,608

89,605

Prepayments and accrued income

64,696

232,814

1,045,459

1,539,205

Trade debtors at year end date includes factored debts of £523,537 (2024: £764,974).

The overdrawn directors' loan accounts were repaid within nine months of the year end.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade creditors

143,339

431,004

Tax

6,783

11,225

Other taxation

58,727

17,893

Other creditors

328,577

230,617

Accrued expenses

69,916

126,853

607,342

817,592

Included with other creditors falling due within one year are secured liabilities of £324,022 (2024: £227,546) in respect of amount due on factored debt by way of fixed and floating charge over the company's assets.

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.8.25

31.8.24

£

£

Within one year

48,440

40,180

Between one and five years

41,993

90,433

90,433

130,613

9.	PROVISIONS FOR LIABILITIES

31.8.25

31.8.24

£

£

Deferred tax

5,944

20,129

Deferred

tax

£

Balance at 1 September 2024

20,129

Movement in accelerated

capital allowances

(14,185

)

Balance at 31 August 2025

5,944

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

£

1,000

Ordinary

£1

1,000

1,000

11.

RESERVES

Retained

earnings

£

At 1 September 2024

796,538

Deficit for the year

(22,308

)

Dividends

(120,120

)

At 31 August 2025

654,110

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Hardipsinh Chudasama (Senior Statutory Auditor)

for and on behalf of HC & Co Limited

13.	TRANSACTIONS WITH DIRECTOR

The following interest free and repayable on demand advances and credits to directors subsisted during the years ended 31 August 2025 and 31 August 2024:

31.8.25

31.8.24

£

£

Paul Sayer

Balance outstanding at start of year

24,608

15,056

Amounts advanced

38,910

39,892

Amounts repaid

(48,120

)

(30,340

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

15,398

24,608

Mark Sayer

Balance outstanding at start of year

25,330

14,900

Amounts advanced

29,063

40,430

Amounts repaid

(40,000

)

(30,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

14,393

25,330

Lee Sayer

Balance outstanding at start of year

39,667

25,678

Amounts advanced

28,150

43,989

Amounts repaid

(40,000

)

(30,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

27,817

39,667

On 14 February 2025, the directors offered their personal guarantees to Bibby Financial Services Limited to secure the company's financing arrangement.

There are no other related party transactions requiring disclosure during the year ended 31 August 2025.

14.	POST BALANCE SHEET EVENTS

There are no post balance sheet events which require disclosure in the financial statements for the year under review.

15.	ULTIMATE CONTROLLING PARTY

Throughout the year the company was under the control of its board of directors.