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REGISTERED NUMBER: 08174614 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

ELLIOTT MORTLOCK BUSBY & CO LIMITED

ELLIOTT MORTLOCK BUSBY & CO LIMITED (REGISTERED NUMBER: 08174614)






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


ELLIOTT MORTLOCK BUSBY & CO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: Mr A R Wenden
Miss Z Wenden





SECRETARY: Mrs H T Wenden





REGISTERED OFFICE: 12 High Street
Stanford le Hope
Essex
SS17 0EY





REGISTERED NUMBER: 08174614 (England and Wales)






ELLIOTT MORTLOCK BUSBY & CO LIMITED (REGISTERED NUMBER: 08174614)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - 46,000
Tangible assets 6 10,296 14,334
10,296 60,334

CURRENT ASSETS
Debtors 7 212,625 197,333
Cash at bank 286,654 238,343
499,279 435,676
CREDITORS
Amounts falling due within one year 8 116,458 110,455
NET CURRENT ASSETS 382,821 325,221
TOTAL ASSETS LESS CURRENT
LIABILITIES

393,117

385,555

PROVISIONS FOR LIABILITIES 9 1,537 1,592
NET ASSETS 391,580 383,963

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 391,480 383,863
SHAREHOLDERS' FUNDS 391,580 383,963

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 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.

ELLIOTT MORTLOCK BUSBY & CO LIMITED (REGISTERED NUMBER: 08174614)

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 Board of Directors and authorised for issue on 17 October 2023 and were signed on its behalf by:





Mr A R Wenden - Director


ELLIOTT MORTLOCK BUSBY & CO LIMITED (REGISTERED NUMBER: 08174614)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

Elliott Mortlock Busby & Co Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

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 - 20% straight line basis
Equipment - 25% straight line basis
Plant and machinery - 25% on reducing balance

Taxation
Taxation represents the sum of tax currently payable and deferred tax.

The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

ELLIOTT MORTLOCK BUSBY & CO LIMITED (REGISTERED NUMBER: 08174614)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

3. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates three defined contribution pension schemes. Contributions payable to the company's pension schemes are charged to profit or loss in the period to which they relate.

Operating leases
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 13 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 460,000
AMORTISATION
At 1 February 2022 414,000
Charge for year 46,000
At 31 January 2023 460,000
NET BOOK VALUE
At 31 January 2023 -
At 31 January 2022 46,000

6. TANGIBLE FIXED ASSETS
Freehold Plant and
property Equipment machinery Totals
£    £    £    £   
COST
At 1 February 2022 7,223 49,215 1,318 57,756
Additions - 2,485 - 2,485
At 31 January 2023 7,223 51,700 1,318 60,241
DEPRECIATION
At 1 February 2022 2,872 40,248 302 43,422
Charge for year 1,444 4,825 254 6,523
At 31 January 2023 4,316 45,073 556 49,945
NET BOOK VALUE
At 31 January 2023 2,907 6,627 762 10,296
At 31 January 2022 4,351 8,967 1,016 14,334

ELLIOTT MORTLOCK BUSBY & CO LIMITED (REGISTERED NUMBER: 08174614)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 204,077 189,646
Other debtors 8,548 7,687
212,625 197,333

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax 34,942 40,156
Social security and other taxes 58,290 60,553
Other creditors 22,677 8,875
Directors' current accounts 549 871
116,458 110,455

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 1,537 1,592

Deferred
tax
£   
Balance at 1 February 2022 1,592
Credit to Income Statement during year (55 )
Balance at 31 January 2023 1,537

The provision for deferred taxation is made up of accelerated capital allowances.

10. PENSION COMMITMENTS

The company operates three defined contribution pension schemes. The assets of the schemes are held separately from those of the company in independently administered funds. At the balance sheet date there were £371 unpaid contributions (2022: £501).

ELLIOTT MORTLOCK BUSBY & CO LIMITED (REGISTERED NUMBER: 08174614)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

11. COMMITMENTS, GUARANTEES AND CONTINGENCIES

The Company has a total commitments, guarantees and contingencies as at year end 2023 of £94,769 (2022: £98,867)

Included in the above are minimum lease payments under non-cancellable operating leases, falling due as follows:

20232022
££
Within one year28,17721,912
Between one and five years66,59273,956
In more than five years-3,000
94,76998,867