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REGISTERED NUMBER: 08156474 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 January 2023

for

ELTEC ENGINEERING LTD

ELTEC ENGINEERING LTD (REGISTERED NUMBER: 08156474)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELTEC ENGINEERING LTD

Company Information
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: M Edmunds





REGISTERED OFFICE: Walnut Tree Farm
St Brides
Wentlooge
Newport
NP10 8SQ





REGISTERED NUMBER: 08156474 (England and Wales)





ACCOUNTANTS: Hayvenhursts
Fairway House
Links Business Park
St Mellons
Cardiff
CF3 0LT

ELTEC ENGINEERING LTD (REGISTERED NUMBER: 08156474)

Balance Sheet
31 JANUARY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 6,633 9,900

CURRENT ASSETS
Stocks 9,060 -
Debtors 5 130,490 123,901
Cash at bank 3 1,003
139,553 124,904
CREDITORS
Amounts falling due within one year 6 (160,189 ) (70,822 )
NET CURRENT (LIABILITIES)/ASSETS (20,636 ) 54,082
TOTAL ASSETS LESS CURRENT
LIABILITIES

(14,003

)

63,982

CREDITORS
Amounts falling due after more than
one year

7

(44,004

)

(62,474

)
NET (LIABILITIES)/ASSETS (58,007 ) 1,508

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 (58,008 ) 1,507
SHAREHOLDERS' FUNDS (58,007 ) 1,508

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ELTEC ENGINEERING LTD (REGISTERED NUMBER: 08156474)

Balance Sheet - continued
31 JANUARY 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 October 2023 and were signed by:





M Edmunds - Director


ELTEC ENGINEERING LTD (REGISTERED NUMBER: 08156474)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

Eltec Engineering 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

ELTEC ENGINEERING LTD (REGISTERED NUMBER: 08156474)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022
and 31 January 2023 52,407
DEPRECIATION
At 1 February 2022 42,507
Charge for year 3,267
At 31 January 2023 45,774
NET BOOK VALUE
At 31 January 2023 6,633
At 31 January 2022 9,900

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 8,832 11,275
Other debtors 121,658 112,626
130,490 123,901

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 18,412 15,066
Hire purchase contracts 4,500 5,580
Trade creditors 40,564 2,001
Taxation and social security 72,625 45,769
Other creditors 24,088 2,406
160,189 70,822

ELTEC ENGINEERING LTD (REGISTERED NUMBER: 08156474)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 29,378 29,977
Hire purchase contracts 1,500 7,495
Other creditors 13,126 25,002
44,004 62,474

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary 1 1 1

9. RESERVES
Retained
earnings
£   

At 1 February 2022 1,507
Deficit for the year (59,515 )
At 31 January 2023 (58,008 )

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Amounts owed by Mr. M. Edmunds at the 31st January 2023, £91,641.

11. ULTIMATE CONTROLLING PARTY

The controlling party is M Edmunds.