ELM Building Service Engineers Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 04461839 (England and Wales)

Financial Statements for the Year Ended 30 April 2026

for

ELM Building Service Engineers Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

82,367

95,233

CURRENT ASSETS

Stocks

13,335

15,759

Debtors

5

2,560,564

1,619,630

Cash at bank and in hand

2,646,636

1,145,604

5,220,535

2,780,993

CREDITORS

Amounts falling due within one year

6

2,823,429

1,318,410

NET CURRENT ASSETS

2,397,106

1,462,583

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,479,473

1,557,816

PROVISIONS FOR LIABILITIES

14,529

17,198

NET ASSETS

2,464,944

1,540,618

CAPITAL AND RESERVES

Called up share capital

95

Capital redemption reserve

5

Capital contribution reserve

4,500

2,250

Retained earnings

2,460,344

1,538,268

SHAREHOLDERS' FUNDS

2,464,944

1,540,618

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 5 October 2026 and were signed on its behalf by:

N A Munday - Director

1.	STATUTORY INFORMATION

ELM Building Service Engineers Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04461839

Registered office:

Unit E1

Nepshaw Lane South

Gildersome

Leeds

West Yorkshire

LS27 7JQ

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

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.

Turnover

Turnover represents value of work undertaken in respect of building engineering services during the financial year.

In respect of sales directly invoiced to customers on completion of the works, the company recognises turnover when the invoice is issued to the customer. In respect of contractual works for which the company submits applications for payment in respect of the agreed stage of completion of the works, or where stage payments are agreed, the company recognises turnover based upon the agreed stage of completion of the works.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

Basic financial instruments:

Trade and other debtors

Short term debtors are measured at transaction price, less any impairment. Loan receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash at bank

Cash at bank and in hand and deposits held with banks are measured at transaction price.

Trade and other creditors

Short term debtors are measured at transaction price, less any impairment. Loan receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

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

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 makes employer contributions into the personal pension schemes of directors and employees at its discretion. Contributions paid are charged in the profit and loss account.

Short term employee benefits

Short term employee benefit costs are recognised in the period in which they accrue.

Equity settled share based payments

The Company's parent undertaking has established an Enterprise Management Incentive scheme for the benefit of the Company's employees.The fair value of share options is determined at the date of grant and charged to the profit and loss account over the vesting period. The credit entry is recorded as a capital contribution within equity. The fair value is the directors estimation based upon the Black-Scholes model. The cumulative amount recognized over the vesting period is based on the number of options in the parent undertaking that are expected to eventually vest.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2025 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

COST

At 1 May 2025

30,457

3,811

65,059

Additions

-

983

Disposals

-

At 30 April 2026

30,457

3,811

66,042

DEPRECIATION

At 1 May 2025

25,363

2,690

53,505

Charge for year

764

168

1,782

Eliminated on disposal

-

At 30 April 2026

26,127

2,858

55,287

NET BOOK VALUE

At 30 April 2026

4,330

953

10,755

At 30 April 2025

5,094

1,121

11,554

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 May 2025

118,786

62,757

280,870

Additions

15,999

1,543

18,525

Disposals

(12,995

)

-

(12,995

)

At 30 April 2026

121,790

64,300

286,400

DEPRECIATION

At 1 May 2025

58,129

45,950

185,637

Charge for year

17,004

4,363

24,081

Eliminated on disposal

(5,685

)

-

(5,685

)

At 30 April 2026

69,448

50,313

204,033

NET BOOK VALUE

At 30 April 2026

52,342

13,987

82,367

At 30 April 2025

60,657

16,807

95,233

5.

DEBTORS

30.4.26

30.4.25

£

Amounts falling due within one year:

Trade debtors

1,030,530

1,193,614

Amounts owed by group undertakings

20,999

236,725

Amounts recoverable on contract

1,273,580

125,637

Other debtors

89,413

13,654

2,414,522

1,569,630

Amounts falling due after more than one year:

Trade debtors

96,042

-

Other debtors

50,000

146,042

50,000

Aggregate amounts

2,560,564

1,619,630

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.26

30.4.25

£

Trade creditors

2,321,237

641,098

Taxation and social security

141,419

419,565

Other creditors

360,773

257,747

2,823,429

1,318,410

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

The Report of the Auditors was unqualified.

Darren John Metcalfe F.C.C.A. (Senior Statutory Auditor)

for and on behalf of Frank W Dobby & Co Limited

8.	RELATED PARTY DISCLOSURES

As permitted under FRS 102 transactions between group companies which are wholly owned have not been disclosed.

9.	ULTIMATE PARENT UNDERTAKING

The immediate and ultimate parent undertaking is EBSE Holdings Limited.

10.	SHARE-BASED PAYMENT TRANSACTIONS

On 24 October 2024 the Company's parent undertaking established an Enterprise Management Incentive scheme, and on that date granted 22,500 options in relation to £1 ordinary shares in the parent undertaking. In accordance with the scheme rules options are exercisable at nominal value of £1, subject to vesting conditions being met. The vesting condition is continued employment. The vesting period is not specifically defined as it is contingent upon a sale of shares or other form of Exit as defined in the scheme rules being agreed. The options will lapse 10 years after the grant.