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Registered number: 11505028
Elys Transport Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11505028
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 485,144 345,627
485,144 345,627
CURRENT ASSETS
Debtors 5 406,868 255,441
Cash at bank and in hand 336,225 138,710
743,093 394,151
Creditors: Amounts Falling Due Within One Year 6 (497,174 ) (346,904 )
NET CURRENT ASSETS (LIABILITIES) 245,919 47,247
TOTAL ASSETS LESS CURRENT LIABILITIES 731,063 392,874
Creditors: Amounts Falling Due After More Than One Year 7 (177,663 ) (97,172 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (93,072 ) (37,759 )
NET ASSETS 460,328 257,943
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 460,228 257,843
SHAREHOLDERS' FUNDS 460,328 257,943
Page 1
Page 2
For the year ending 31 December 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
J P Ely
Director
03/09/2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Elys Transport Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11505028 . The registered office is No.11 Riverside Riverside Park, Farnham, Surrey, England, GU9 7UG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
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.
2.2. 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.
2.3. Tangible Fixed Assets and Depreciation
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:
Leasehold 20% straight line
Plant & Machinery 25% straight line
Motor Vehicles 25% straight line
Computer Equipment 25% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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2.5. 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.
2.6. Pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in other creditors in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
2.7. 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.
2.8. Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
2.9. Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty or notice of not more than 24 hours.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2024: 9)
14 9
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2025 7,652 52,437 353,902 5,151 419,142
Additions 14,780 14,450 257,855 5,108 292,193
Disposals (7,652 ) (13,019 ) - - (20,671 )
As at 31 December 2025 14,780 53,868 611,757 10,259 690,664
Depreciation
As at 1 January 2025 1,662 14,461 55,795 1,597 73,515
Provided during the period 4,486 15,020 116,547 1,698 137,751
Disposals (3,192 ) (2,554 ) - - (5,746 )
As at 31 December 2025 2,956 26,927 172,342 3,295 205,520
Net Book Value
As at 31 December 2025 11,824 26,941 439,415 6,964 485,144
As at 1 January 2025 5,990 37,976 298,107 3,554 345,627
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 340,196 251,211
Prepayments and accrued income 13,172 330
Other debtors 53,500 3,900
406,868 255,441
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 119,990 56,838
Trade creditors 58,167 87,844
Other creditors 75,115 101,776
Taxation and social security 243,902 100,446
497,174 346,904
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 177,663 97,172
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8. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 119,990 56,838
Later than one year and not later than five years 177,663 97,172
297,653 154,010
297,653 154,010
9. Share Capital
2025 2024
Allotted, called up and fully paid £ £
0 Ordinary Shares of £ 0.00 each - 100
20 Ordinary A shares of £ 1.00 each 20 -
20 Ordinary B shares of £ 1.00 each 20 -
20 Ordinary C shares of £ 1.00 each 20 -
20 Ordinary D shares of £ 1.00 each 20 -
20 Ordinary E shares of £ 1.00 each 20 -
100 100
Shares issued during the period: £
20 Ordinary A shares of £ 1.00 each 20
20 Ordinary B shares of £ 1.00 each 20
20 Ordinary C shares of £ 1.00 each 20
20 Ordinary D shares of £ 1.00 each 20
20 Ordinary E shares of £ 1.00 each 20
100
Shares disposed during the period: £
100 Ordinary Shares of £ 1.00 each (100)
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