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Registration number: 13097268

Elliot's Kitchens & Bathrooms Ltd

Annual Report and Unaudited Financial Statements

for the Period from 23 December 2020 to 31 December 2021

 

Elliot's Kitchens & Bathrooms Ltd

Contents

Company Information

1

Director's Report

2

Balance Sheet

3

Statement of Changes in Equity

4

Notes to the Unaudited Financial Statements

5 to 6

 

Elliot's Kitchens & Bathrooms Ltd

Company Information

Director

Mr Graeme Elliot

Registered office

c/o McManus Hall Chartered Accountants
C11 Marquis Court
Team Valley Trading Estate
Gateshead
Tyne and Wear
NE11 0RU

Accountants

McManus Hall Ltd
C11 Marquis Court
Team Valley
Gateshead
Tyne and Wear
NE11 0RU

 

Elliot's Kitchens & Bathrooms Ltd

Director's Report for the Period from 23 December 2020 to 31 December 2021

The director presents his report and the financial statements for the period from 23 December 2020 to 31 December 2021.

Incorporation

The company was incorporated on 23 December 2020 and commenced trading on 1 January 2021

Director of the company

The director who held office during the period was as follows:

Mr Graeme Elliot

Principal activity

The principal activity of the company is other building completion and finishing.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Statement of directors' responsibilities

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

select suitable accounting policies and apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved and authorised by the director on 2 September 2022
 

.........................................
Mr Graeme Elliot
Director

 

Elliot's Kitchens & Bathrooms Ltd

(Registration number: 13097268)
Balance Sheet as at 31 December 2021

Note

2021
£

Creditors: Amounts falling due within one year

(2,310)

Capital and reserves

 

Called up share capital

120

Retained earnings

(2,430)

Shareholders' deficit

 

(2,310)

For the financial period ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 2 September 2022
 

.........................................
Mr Graeme Elliot
Director

 

Elliot's Kitchens & Bathrooms Ltd

Statement of Changes in Equity for the Period from 23 December 2020 to 31 December 2021

Share capital
£

Retained earnings
£

Total
£

Loss for the period

-

(2,430)

(2,430)

New share capital subscribed

120

-

120

At 31 December 2021

120

(2,430)

(2,310)

 

Elliot's Kitchens & Bathrooms Ltd

Notes to the Unaudited Financial Statements for the Period from 23 December 2020 to 31 December 2021

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
c/o McManus Hall Chartered Accountants
C11 Marquis Court
Team Valley Trading Estate
Gateshead
Tyne and Wear
NE11 0RU

These financial statements were authorised for issue by the director on 2 September 2022.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Elliot's Kitchens & Bathrooms Ltd

Notes to the Unaudited Financial Statements for the Period from 23 December 2020 to 31 December 2021

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.