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REGISTERED NUMBER: 06922010 (England and Wales)












ELPHICK CONSULTING LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023






ELPHICK CONSULTING LTD (REGISTERED NUMBER: 06922010)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ELPHICK CONSULTING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: Dr C H Elphick





SECRETARY: Mrs C J Elphick





REGISTERED OFFICE: Shorrock House
1 Faraday Court
Fulwood
Preston
Lancashire
PR2 9NB





REGISTERED NUMBER: 06922010 (England and Wales)





ACCOUNTANTS: Rushtons
Chartered Accountants
Shorrock House
1 Faraday Court
Fulwood
Preston
Lancashire
PR2 9NB

ELPHICK CONSULTING LTD (REGISTERED NUMBER: 06922010)

ABRIDGED BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,191 33,756
Investments 5 103,326 100,583
130,517 134,339

CURRENT ASSETS
Debtors 3,451 440
Cash at bank and in hand 23,626 21,319
27,077 21,759
CREDITORS
Amounts falling due within one year 9,006 7,547
NET CURRENT ASSETS 18,071 14,212
TOTAL ASSETS LESS CURRENT
LIABILITIES

148,588

148,551

PROVISIONS FOR LIABILITIES 567 805
NET ASSETS 148,021 147,746

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 147,021 146,746
SHAREHOLDERS' FUNDS 148,021 147,746

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

ELPHICK CONSULTING LTD (REGISTERED NUMBER: 06922010)

ABRIDGED BALANCE SHEET - continued
30 JUNE 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 October 2023 and were signed by:





Dr C H Elphick - Director


ELPHICK CONSULTING LTD (REGISTERED NUMBER: 06922010)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Elphick Consulting 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 as modified by the revaluation of certain assets.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Turnover represents the invoiced value of services supplied less VAT due under the flat rate scheme.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office furniture and equipment - 15% on cost
Computer equipment - Straight line over 3 years

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.

Fixed asset investments
Fixed asset investments are stated at cost less any provision for diminution in value.

ELPHICK CONSULTING LTD (REGISTERED NUMBER: 06922010)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2022 44,768
Additions 2,399
At 30 June 2023 47,167
DEPRECIATION
At 1 July 2022 11,012
Charge for year 8,964
At 30 June 2023 19,976
NET BOOK VALUE
At 30 June 2023 27,191
At 30 June 2022 33,756

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1 July 2022 100,583
Additions 3,002
Disposals (3,186 )
Revaluations 2,927
At 30 June 2023 103,326
NET BOOK VALUE
At 30 June 2023 103,326
At 30 June 2022 100,583

ELPHICK CONSULTING LTD (REGISTERED NUMBER: 06922010)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30 June 2023 is represented by:
Totals
£   
Valuation in 2017 101,398
Valuation in 2018 14,718
Valuation in 2019 3,307
Valuation in 2020 (6,122 )
Valuation in 2021 22,076
Valuation in 2022 (34,794 )
Valuation in 2023 2,743
103,326

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 103,848 103,848

Fixed asset investments were valued on an open market basis on 30 June 2023 by Investec Wealth and Investec Limited .

6. ULTIMATE CONTROLLING PARTY

The company is controlled by Dr C H Elphick and Mrs C J Elphick who together own 100%
of the issued shares.