EHLUK Building Maint & Facility Sv Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04227925 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2020

FOR

EHLUK BUILDING MAINTENANCE & FACILITY

SERVICES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R J Stainsby

G J Stainsby

REGISTERED OFFICE:

The Oakes Centre

Whinfield Drive

Aycliffe Business Park

Newton Aycliffe

Durham

DL5 6AU

REGISTERED NUMBER:

04227925 (England and Wales)

ACCOUNTANTS:

Ribchesters

Chartered Accountants

Finchale House

Belmont Business Park

Durham

DH1 1TW

FIXED ASSETS

Tangible assets

4

371,156

443,677

Investment property

5

341,846

130,623

713,002

574,300

CURRENT ASSETS

Stocks

709,340

50,000

Debtors

6

499,910

433,408

Cash at bank and in hand

106,513

151,314

1,315,763

634,722

CREDITORS

Amounts falling due within one year

7

956,918

648,522

NET CURRENT ASSETS/(LIABILITIES)

358,845

(13,800

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,071,847

560,500

CREDITORS

Amounts falling due after more than one year

8

(484,951

)

(240,048

)

PROVISIONS FOR LIABILITIES

(1,754

)

-

NET ASSETS

585,142

320,452

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

11

585,140

320,450

SHAREHOLDERS' FUNDS

585,142

320,452

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2020 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 25 January 2021 and were signed on its behalf by:

R J Stainsby - Director

1.	STATUTORY INFORMATION

EHLUK Building Maintenance & Facility 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.

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.

Where a service is incomplete at the year end, turnover represents the value of the service provided at that date based on an appropriate proportion of the total expected consideration at completion.

Tangible fixed assets

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

Freehold property

-

straight line over 50 years

Plant and machinery

-

33% on cost and 15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2019 - 23 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 June 2019

237,860

673,118

910,978

Additions

(1

)

68,593

68,592

Disposals

-

(88,192

)

(88,192

)

Impairments

(22,471

)

-

(22,471

)

At 31 May 2020

215,388

653,519

868,907

DEPRECIATION

At 1 June 2019

15,751

451,550

467,301

Charge for year

4,757

71,483

76,240

Eliminated on disposal

-

(45,790

)

(45,790

)

At 31 May 2020

20,508

477,243

497,751

NET BOOK VALUE

At 31 May 2020

194,880

176,276

371,156

At 31 May 2019

222,109

221,568

443,677

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2019

130,623

Additions

211,223

At 31 May 2020

341,846

NET BOOK VALUE

At 31 May 2020

341,846

At 31 May 2019

130,623

Fair value at 31 May 2020 is represented by:

£

Valuation in 2020

341,846

If investment property had not been revalued it would have been included at the following historical cost:

2020

2019

£

£

Cost

336,846

125,623

Investment property was valued on an open market basis on 31 May 2020 by G Stainsby, director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

77,967

247,981

Amounts recoverable on contract

110,752

-

Other debtors

311,191

185,427

499,910

433,408

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Bank loans and overdrafts

15,049

20,014

Trade creditors

268,741

255,910

Taxation and social security

240,052

252,878

Other creditors

433,076

119,720

956,918

648,522

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Bank loans

484,951

240,048

2020

2019

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

376,914

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

2020

2019

£

£

Bank loans

500,000

260,062

The bank loans are secured by way of a fixed and floating charge over the property at The Oakes Centre, Whinfield Drive, Aycliffe Business Park, DL5 6AU.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

2

Ordinary

£1

2

2

11.

RESERVES

Retained earnings is comprised of £481,075 of distributable reserves and £5,000 of non-distributable reserves.

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2020 and 31 May 2019:

2020

2019

£

£

G J Stainsby

Balance outstanding at start of year

-

33,584

Amounts repaid

-

(33,584

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

13.	RELATED PARTY DISCLOSURES

During the year the company continued to provide interest free loans to a number of related companies. These companies are all related by way of a director also being a director of this company or close family members of directors also being directors. At the year end these amounts are all included within Debtors: Amounts falling due within one year and total £220,468 (2019: £161,583).

Included in the trade debtors is £30,000 due from a company related by way of sharing a director. As at the balance sheet date the total amount outstanding is £30,000. (2019: £30,000).

During the year a director made an interest free loan to the company. At the balance sheet date the amount outstanding was £287,322 (2019: £8,006).

During the year the company recharged rent to companies related by way of having a common director. The amount was £48,100 (2019: £25,600) deemed by the director to be on market terms.