Registered number
07984099
Elkass Limited
Unaudited Filleted Accounts
31 March 2023
Elkass Limited
Registered number: 07984099
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 994,910 995,241
Current assets
Debtors 4 - 16,356
Cash at bank and in hand 108,534 21,690
108,534 38,046
Creditors: amounts falling due within one year 5 (51,916) (53,734)
Net current assets/(liabilities) 56,618 (15,688)
Net assets 1,051,528 979,553
Capital and reserves
Called up share capital 965,600 965,600
Profit and loss account 85,928 13,953
Shareholders' funds 1,051,528 979,553
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D G Nathan
Director
Approved by the board on 29 September 2023
Elkass Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost. No depreciation is charged on the freehold property as the company has a policy of maintaining the property to a good standard
Fixtures and fittings are depreciated at 33.3% on a straight-line basis (pro-rata).
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Land and buildings Fixtures and fittings Total
£ £ £
Cost
At 1 April 2022 994,910 4,100 999,010
At 31 March 2023 994,910 4,100 999,010
Depreciation
At 1 April 2022 - 3,769 3,769
Charge for the year - 331 331
At 31 March 2023 - 4,100 4,100
Net book value
At 31 March 2023 994,910 - 994,910
At 31 March 2022 994,910 331 995,241
4 Debtors 2023 2022
£ £
Trade debtors - 14,876
Other debtors - 1,480
- 16,356
5 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 30,958 32,376
Other taxation 3,403 5,458
Other creditors 17,555 15,900
51,916 53,734
6 Other information
Elkass Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Bull Courtyard
Bell Street
Henley on Thames
RG9 2BA
Elkass Limited 07984099 false 2022-04-01 2023-03-31 2023-03-31 VT Final Accounts April 2022 D G Nathan No description of principal activity 07984099 2021-04-01 2022-03-31 07984099 core:WithinOneYear 2022-03-31 07984099 core:ShareCapital 2022-03-31 07984099 core:RetainedEarningsAccumulatedLosses 2022-03-31 07984099 2022-04-01 2023-03-31 07984099 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07984099 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 07984099 bus:Director40 2022-04-01 2023-03-31 07984099 1 2022-04-01 2023-03-31 07984099 2 2022-04-01 2023-03-31 07984099 core:LandBuildings 2022-04-01 2023-03-31 07984099 core:PlantMachinery 2022-04-01 2023-03-31 07984099 countries:England 2022-04-01 2023-03-31 07984099 bus:FRS102 2022-04-01 2023-03-31 07984099 bus:FullAccounts 2022-04-01 2023-03-31 07984099 2023-03-31 07984099 core:WithinOneYear 2023-03-31 07984099 core:ShareCapital 2023-03-31 07984099 core:RetainedEarningsAccumulatedLosses 2023-03-31 07984099 core:LandBuildings 2023-03-31 07984099 core:PlantMachinery 2023-03-31 07984099 2022-03-31 07984099 core:LandBuildings 2022-03-31 07984099 core:PlantMachinery 2022-03-31 iso4217:GBP xbrli:pure