EHLUK Building Maint & Facility Sv Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 04227925 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

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 Oaks 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

441,599

318,824

Investments

5

100,122

164,661

Investment property

6

1,732,467

1,292,467

2,274,188

1,775,952

CURRENT ASSETS

Stocks

526,698

615,011

Debtors

7

1,605,600

1,316,717

Cash at bank

101,620

282,606

2,233,918

2,214,334

CREDITORS

Amounts falling due within one year

8

1,702,879

1,178,082

NET CURRENT ASSETS

531,039

1,036,252

TOTAL ASSETS LESS CURRENT LIABILITIES

2,805,227

2,812,204

CREDITORS

Amounts falling due after more than one year

9

(471,107

)

(544,374

)

PROVISIONS FOR LIABILITIES

11

(242,072

)

(239,638

)

NET ASSETS

2,092,048

2,028,192

CAPITAL AND RESERVES

Called up share capital

12

2

2

Retained earnings

13

2,092,046

2,028,190

SHAREHOLDERS' FUNDS

2,092,048

2,028,192

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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 20 February 2024 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 (2022 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 June 2022

22,513

941,868

964,381

Additions

-

254,326

254,326

Disposals

-

(5,500

)

(5,500

)

At 31 May 2023

22,513

1,190,694

1,213,207

DEPRECIATION

At 1 June 2022

-

645,557

645,557

Charge for year

-

130,355

130,355

Eliminated on disposal

-

(4,304

)

(4,304

)

At 31 May 2023

-

771,608

771,608

NET BOOK VALUE

At 31 May 2023

22,513

419,086

441,599

At 31 May 2022

22,513

296,311

318,824

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2023

2022

£

£

Precious metals

40,122

50,286

Cryptocurrency

60,000

114,375

100,122

164,661

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2022

1,292,467

Additions

525,836

Revaluations

(85,836

)

At 31 May 2023

1,732,467

NET BOOK VALUE

At 31 May 2023

1,732,467

At 31 May 2022

1,292,467

Fair value at 31 May 2023 is represented by:

£

Valuation in 2023

1,732,467

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

2023

2022

£

£

Cost

1,084,911

559,075

Investment properties were valued on an open market basis in November 2022 by Sanderson Weatherall and May 2023 by Charltons.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

651,380

732,671

Other debtors

954,220

584,046

1,605,600

1,316,717

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

16,207

18,367

Trade creditors

176,115

310,906

Taxation and social security

224,220

296,683

Other creditors

1,286,337

552,126

1,702,879

1,178,082

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

351,731

365,644

Other loans

119,376

178,730

471,107

544,374

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

281,905

289,178

Other loans more 5yrs instal

53,743

119,377

335,648

408,555

10.	SECURED DEBTS

The following secured debts are included within creditors:

2023

2022

£

£

Bank loans

367,938

384,011

Other loans

258,417

-

626,355

384,011

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.

The other loan is secured by way of a first legal charge over an investment property.

11.	PROVISIONS FOR LIABILITIES

2023

2022

£

£

Deferred tax

Accelerated capital allowances

83,656

56,290

Other timing differences

158,416

183,348

242,072

239,638

Deferred

tax

£

Balance at 1 June 2022

239,638

Charge to Statement of Income and Retained Earnings during year

2,434

Balance at 31 May 2023

242,072

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

2

Ordinary

£1

2

2

13.

RESERVES

Retained earnings is comprised of £1,771,249 of distributable reserves and £489,140 of non-distributable reserves.

14.	RELATED PARTY DISCLOSURES

During the year the company continued to provide interest free loans to a number of companies related by way of sharing a director. At the year end these amounts are all included within Debtors: Amounts falling due within one year and total £926,456 (2022: £531,180).

During the year the company maintained interest free loans from companies related by way of sharing a director. As at the balance sheet date the total amount outstanding was £288,413 (2022: £74,002).

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 £381,042 (2022: £463,855).

Included within trade creditors and other creditors are amounts owed to companies related by way of sharing a director. As at the balance sheet date the total amount outstanding was £51,249 (2022: £17,262).

During the year a director maintained an interest free loan to the company. At the balance sheet date the amount outstanding was £244,177 (2022: £237,960).

During the year the company recharged rent & service charges to companies related by way of having a common director. The amount was £11,375 (overcharged) (2022: £145,854 charged) 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 £26,900 (2022: £129,033) deemed by the director to be on market terms.