REGISTERED NUMBER: 06906165 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

ELSON GEAVES ACCOUNTANTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G D Elson

G P Kearley

Mrs M A Macrory

Miss E Benjamin

Mrs M D Sturmey

REGISTERED OFFICE:

Forest Links Road

Ferndown

Dorset

BH22 9PH

REGISTERED NUMBER:

06906165 (England and Wales)

FIXED ASSETS

Intangible assets

4

1,587,682

1,473,341

Tangible assets

5

21,241

20,957

Investments

6

333

333

1,609,256

1,494,631

CURRENT ASSETS

Stocks

34,668

39,579

Debtors

7

158,364

132,944

Prepayments and accrued income

12,233

8,939

Cash at bank and in hand

340,328

318,702

545,593

500,164

CREDITORS

Amounts falling due within one year

8

(372,465

)

(347,903

)

NET CURRENT ASSETS

173,128

152,261

TOTAL ASSETS LESS CURRENT LIABILITIES

1,782,384

1,646,892

CREDITORS

Amounts falling due after more than one year

9

(106,898

)

(27,190

)

NET ASSETS

1,675,486

1,619,702

CAPITAL AND RESERVES

Called up share capital

106

104

Retained earnings

1,675,380

1,619,598

SHAREHOLDERS' FUNDS

1,675,486

1,619,702

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the Company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the Company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2026 and were signed on its behalf by:

G D Elson - Director

G P Kearley - Director

Mrs M A Macrory - Director

Miss E Benjamin - Director

Mrs M D Sturmey - Director

1.	STATUTORY INFORMATION

Elson Geaves Accountants Limited 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

20% on reducing balance

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2025 - 22 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST OR VALUATION

At 1 April 2025

1,914,672

Additions

164,595

Revaluations

(25,246

)

At 31 March 2026

2,054,021

AMORTISATION

At 1 April 2025

441,331

Charge for year

25,008

At 31 March 2026

466,339

NET BOOK VALUE

At 31 March 2026

1,587,682

At 31 March 2025

1,473,341

Cost or valuation at 31 March 2026 is represented by:

Goodwill

£

Valuation in 2018

1,053,862

Valuation in 2019

206,365

Valuation in 2020

127,901

Valuation in 2021

68,194

Valuation in 2022

69,616

Valuation in 2023

88,876

Valuation in 2024

114,798

Valuation in 2025

185,060

Valuation in 2026

139,349

2,054,021

Goodwill for accountancy practices is measured on a GRF basis and as such the directors feel that an annual review if this should be undertaken.

From the the 1st April 2017 a market valuation will be reported for the Goodwill of Elson Geaves Accountants.

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

168,060

Additions

5,595

At 31 March 2026

173,655

DEPRECIATION

At 1 April 2025

147,103

Charge for year

5,311

At 31 March 2026

152,414

NET BOOK VALUE

At 31 March 2026

21,241

At 31 March 2025

20,957

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2025

and 31 March 2026

333

NET BOOK VALUE

At 31 March 2026

333

At 31 March 2025

333

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

158,364

132,944

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

24,065

21,964

Taxation and social security

323,870

304,130

Other creditors

24,530

21,809

372,465

347,903

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

106,898

28,704

Other creditors

-

(1,514

)

106,898

27,190

10.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

106,898

28,704

Personal guarantees provided by G Elson and G Kearley.