Registered number
13013736
ELLIOTTS DRAINAGE LIMITED
Filleted Accounts
30 November 2022
ELLIOTTS DRAINAGE LIMITED
Registered number: 13013736
Balance Sheet
as at 30 November 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 15,438 -
Current assets
Debtors 4 7,617 -
Cash at bank and in hand 1,000 -
8,617 -
Creditors: amounts falling due within one year 5 (41,464) 1
Net current (liabilities)/assets (32,847) 1
Net (liabilities)/assets (17,409) 1
Capital and reserves
Called up share capital 1 1
Profit and loss account (17,410) -
Shareholders' funds (17,409) 1
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.
E Bunn
Director
Approved by the board on 3 October 2023
ELLIOTTS DRAINAGE LIMITED
Notes to the Accounts
for the year ended 30 November 2022
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 less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% Reducing Balance
Fixtures, fittings, tools and equipment 25% Reducing Balance
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 1 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 15,789
At 30 November 2022 15,789
Depreciation
Charge for the year 351
At 30 November 2022 351
Net book value
At 30 November 2022 15,438
4 Debtors 2022 2021
£ £
Trade debtors 6,733 -
Prepayments 884 -
7,617 -
5 Creditors: amounts falling due within one year 2022 2021
£ £
Trade creditors 13,819 -
Amounts owed to group undertakings and undertakings in which the company has a participating interest 14,000 -
Directors' loan account 17,184 (1)
Taxation and social security costs (3,539) -
41,464 (1)
6 Other information
ELLIOTTS DRAINAGE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Unit 13
Chells Industrial Estate
Chells Way
Stevenage
SG2 0LQ
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