ELJATOH ACCOUNTANTS LTD

Company Registration Number:
09128951 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 1 August 2022

End date: 31 July 2023

ELJATOH ACCOUNTANTS LTD

Contents of the Financial Statements

for the Period Ended 31 July 2023

Directors report
Balance sheet
Additional notes
Balance sheet notes

ELJATOH ACCOUNTANTS LTD

Directors' report period ended 31 July 2023

The directors present their report with the financial statements of the company for the period ended 31 July 2023

Directors

The director shown below has held office during the whole of the period from
1 August 2022 to 31 July 2023

ELIJAH CHUKWU


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
8 November 2023

And signed on behalf of the board by:
Name: ELIJAH CHUKWU
Status: Director

ELJATOH ACCOUNTANTS LTD

Balance sheet

As at 31 July 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 7,220 900
Total fixed assets: 7,220 900
Current assets
Debtors: 4 1,983 250
Cash at bank and in hand: 4,159 3,818
Total current assets: 6,142 4,068
Creditors: amounts falling due within one year: 5 ( 257 ) ( 129 )
Net current assets (liabilities): 5,885 3,939
Total assets less current liabilities: 13,105 4,839
Creditors: amounts falling due after more than one year: 6 ( 10,560 )
Total net assets (liabilities): 2,545 4,839
Capital and reserves
Called up share capital: 100 100
Other reserves: 1,094 555
Profit and loss account: 1,351 4,184
Total Shareholders' funds: 2,545 4,839

The notes form part of these financial statements

ELJATOH ACCOUNTANTS LTD

Balance sheet statements

For the year ending 31 July 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 8 November 2023
and signed on behalf of the board by:

Name: ELIJAH CHUKWU
Status: Director

The notes form part of these financial statements

ELJATOH ACCOUNTANTS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Turnover policy

    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 the goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of 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.

    Other accounting policies

    Eljatoh Accountants LTD hereinafter referred to as the company is registered with companies house with registration no 09128951 with Elijah Chukwu as the sole director. The company provide window tinting services to its customers through its director and other sub-contractors at building sites and construction sites. The financial statement has been prepared under the historical cost convention and in accordance with the financial Reporting Standard for Smaller Entities (effective January 2016)

ELJATOH ACCOUNTANTS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 2 2

    The company employed a freelance worker to assist with book keeping tasks as shown during the period ended.

ELJATOH ACCOUNTANTS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2022 3,274 3,274
Additions 7,074 7,074
Disposals
Revaluations
Transfers
At 31 July 2023 10,348 10,348
Depreciation
At 1 August 2022 2,374 2,374
Charge for year 754 754
On disposals
Other adjustments
At 31 July 2023 3,128 3,128
Net book value
At 31 July 2023 7,220 7,220
At 31 July 2022 900 900

This is the figure shown during the period.Property, plant and equipment (PPE) are the long-term tangible assets that are shown on the balance sheet of the company. The company recognizes an asset as an item of PPE when the asset has a useful life for more than one year and it is used for production or supply of goods or services, for rental to others, or for administrative purposes.Property, plant and equipment include land, building, machinery, vehicles, office equipment and furniture, etc. The company records an item of property, plant and equipment initially at its cost in the accounting record. It includes all costs that necessary to bring the asset to the working condition that it can be used as intended. The cost of an item of PPE includes purchased price, import duties, and the costs to get assets to the location and condition ready to use such as transportation and installation cost, etc.

ELJATOH ACCOUNTANTS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Debtors

2023 2022
£ £
Other debtors 1,983 250
Total 1,983 250

This has already been deducted from the director wages. 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 the amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

ELJATOH ACCOUNTANTS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 257 129
Total 257 129

A current tax liability is recognised for the tax payable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessment. Unrelieved tax losses and other deferred tax assets ae 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that ae expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

ELJATOH ACCOUNTANTS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

6. Creditors: amounts falling due after more than one year note

2023
£
Bank loans and overdrafts 10,560
Total 10,560

This is the bounce back loan owed by the business at he end of the financial year.