EHLUK Building Maint & Facility Sv Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 04227925 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2022

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

318,824

426,629

Investments

5

164,661

128,596

Investment property

6

1,292,467

341,846

1,775,952

897,071

CURRENT ASSETS

Stocks

615,011

683,770

Debtors

7

1,316,717

569,275

Cash at bank

282,606

447,436

2,214,334

1,700,481

CREDITORS

Amounts falling due within one year

8

1,178,082

1,036,037

NET CURRENT ASSETS

1,036,252

664,444

TOTAL ASSETS LESS CURRENT LIABILITIES

2,812,204

1,561,515

CREDITORS

Amounts falling due after more than one year

9

(544,374

)

(647,144

)

PROVISIONS FOR LIABILITIES

(239,638

)

(31,659

)

NET ASSETS

2,028,192

882,712

CAPITAL AND RESERVES

Called up share capital

11

2

2

Retained earnings

12

2,028,190

882,710

SHAREHOLDERS' FUNDS

2,028,192

882,712

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2022 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 21 February 2023 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

-

not provided

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.

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 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.

Fixed asset investments

Precious metal investments are held at cost. Cryptocurrency's are held at market value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2021 - 27 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 June 2021

215,388

796,291

1,011,679

Additions

-

164,185

164,185

Disposals

-

(18,608

)

(18,608

)

Impairments

22,472

-

22,472

Reclassification/transfer

(215,347

)

-

(215,347

)

At 31 May 2022

22,513

941,868

964,381

DEPRECIATION

At 1 June 2021

24,816

560,234

585,050

Charge for year

-

96,418

96,418

Eliminated on disposal

-

(11,095

)

(11,095

)

Charge written back

(24,816

)

-

(24,816

)

At 31 May 2022

-

645,557

645,557

NET BOOK VALUE

At 31 May 2022

22,513

296,311

318,824

At 31 May 2021

190,572

236,057

426,629

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2022

2021

£

£

Precious metals

50,286

20,221

Cryptocurrency

114,375

108,375

164,661

128,596

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2021

341,846

Additions

132,505

Disposals

(130,623

)

Revaluations

733,392

Reclassification/transfer

215,347

At 31 May 2022

1,292,467

NET BOOK VALUE

At 31 May 2022

1,292,467

At 31 May 2021

341,846

Fair value at 31 May 2022 is represented by:

£

Valuation in 2022

1,292,467

If investment properties had not been revalued they would have been included at the following historical cost:

2022

2021

£

£

Cost

559,075

336,846

Investment properties were valued on an open market basis on 31 May 2022 by Sanderson Weatherall .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

732,671

293,444

Other debtors

584,046

275,831

1,316,717

569,275

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

18,367

18,375

Trade creditors

310,906

303,192

Taxation and social security

296,683

196,252

Other creditors

552,126

518,218

1,178,082

1,036,037

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

365,644

414,394

Other loans

178,730

232,750

544,374

647,144

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

289,178

340,889

Other loans more 5yrs instal

119,377

36,750

408,555

377,639

10.	SECURED DEBTS

The following secured debts are included within creditors:

2022

2021

£

£

Bank loans

384,011

432,769

The bank loan is secured by way of:

1. A fixed charge over the following property of the company, owned now or in the future:

- all land vested in or charged to the company, all fixtures and fittings attached to that land and all rents receivable from any lease granted out of that land.

- all plant and machinery, including any associated warranties and maintenance contracts.

- all the goodwill of the company's business.

- all stock, shares, and other securities held by the company at any time in any subsidiary and all income and rights relating to those stocks, shares and securities.

- all intellectual property, licences, claims, insurance policies, proceeds of any insurance and any other legal rights.

2. A floating charge over all the other property, assets and rights of the company, owned now or in the future which are not subject to an effective fixed charge.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

2

Ordinary

£1

2

2

12.

RESERVES

Retained earnings is comprised of £1,478,148 of distributable reserves and £550,044 of non-distributable reserves.

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 £531,180 (2021: £213,498).

During the year the company received interest free loans from companies related by way of sharing directors. As at the balance sheet date the total amount outstanding was £74,002 (2021: £107,851).

Included within trade debtors and other debtors are amounts due from companies related by way of sharing a director. As at the balance sheet date the total amount outstanding was £463,855 (2021: £144,943).

Included within trade creditors are amounts owed to companies related by way of sharing a director. As at the balance sheet date the total amount outstanding was £17,262 (2021: £Nil).

During the year a director maintained an interest free loan to the company. At the balance sheet date the amount outstanding was £237,960 (2020: £298,335).

During the year the company recharged rent & service charges to companies related by way of having a common director. The amount was £145,854 (2021: £50,833) deemed by the director to be on market terms.

During the year the company recharged various expenses, including wages, consultancy, insurance, and equipment hire, to companies related by way of having a common director. The total amount recharged was £129,033 (2021: £9,000) deemed by the director to be on market terms.

During the year the company wrote off balances due to and from companies related by way of having a common director. The total net amount credited to the statement of income was £178,615 (2021: £3,824).