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REGISTERED NUMBER: 06837219 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

ELLIOT LAWRIE INTERIOR RENOVATIONS LTD

ELLIOT LAWRIE INTERIOR RENOVATIONS LTD (REGISTERED NUMBER: 06837219)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELLIOT LAWRIE INTERIOR RENOVATIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: E C Lawrie
Mrs J D Lawrie





REGISTERED OFFICE: 4 St Georges Villas
TRURO
Cornwall
TR1 3NL





REGISTERED NUMBER: 06837219 (England and Wales)





ACCOUNTANTS: Lang Bennetts
The Old Carriage Works
Moresk Road
TRURO
Cornwall
TR1 1DG

ELLIOT LAWRIE INTERIOR RENOVATIONS LTD (REGISTERED NUMBER: 06837219)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,201 25,877

CURRENT ASSETS
Stocks 500 500
Debtors 5 77,862 17,205
Cash at bank 27,369 61,706
105,731 79,411
CREDITORS
Amounts falling due within one year 6 50,419 34,289
NET CURRENT ASSETS 55,312 45,122
TOTAL ASSETS LESS CURRENT
LIABILITIES

78,513

70,999

CREDITORS
Amounts falling due after more than one year 7 (47,724 ) (56,482 )

PROVISIONS FOR LIABILITIES (4,408 ) (4,917 )
NET ASSETS 26,381 9,600

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 26,371 9,590
26,381 9,600

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

ELLIOT LAWRIE INTERIOR RENOVATIONS LTD (REGISTERED NUMBER: 06837219)

BALANCE SHEET - continued
31 MARCH 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 November 2023 and were signed on its behalf by:





E C Lawrie - Director


ELLIOT LAWRIE INTERIOR RENOVATIONS LTD (REGISTERED NUMBER: 06837219)

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

1. STATUTORY INFORMATION

Elliot Lawrie Interior Renovations 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.

Revenue for provision of services is recognised when it is probable that an economic benefit will flow to the entity and the revenue and costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured using a percentage of completion method.

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 cost, 20% on reducing balance and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

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

ELLIOT LAWRIE INTERIOR RENOVATIONS LTD (REGISTERED NUMBER: 06837219)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 38,406
Additions 220
At 31 March 2023 38,626
DEPRECIATION
At 1 April 2022 12,529
Charge for year 2,896
At 31 March 2023 15,425
NET BOOK VALUE
At 31 March 2023 23,201
At 31 March 2022 25,877

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 25,362 -
Other debtors 52,500 17,205
77,862 17,205

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,780 6,780
Hire purchase contracts 5,838 5,838
Trade creditors 4,166 -
Taxation and social security 31,759 20,050
Other creditors 1,876 1,621
50,419 34,289

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 34,887 39,887
Hire purchase contracts 12,837 16,595
47,724 56,482

ELLIOT LAWRIE INTERIOR RENOVATIONS LTD (REGISTERED NUMBER: 06837219)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
E C Lawrie and Mrs J D Lawrie
Balance outstanding at start of year 17,202 13,291
Amounts advanced 52,499 17,202
Amounts repaid (17,202 ) (13,291 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 52,499 17,202