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REGISTERED NUMBER: 11273260 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Elliot Medical Services Limited

Elliot Medical Services Limited (Registered number: 11273260)






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 Medical Services Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr R R Elliot
Mrs V Elliot





REGISTERED OFFICE: Solent House
107a Alma Road
Southampton
SO14 6UY





REGISTERED NUMBER: 11273260 (England and Wales)





ACCOUNTANTS: Thomas Croft Limited
Accountants And Taxation Consultants
Solent House
107a Alma Road
Portswood
Southampton
Hampshire
SO14 6UY

Elliot Medical Services Limited (Registered number: 11273260)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 10,000
Tangible assets 5 54,143 25,530
54,143 35,530

CURRENT ASSETS
Debtors 6 19,022 15,109
Cash at bank 369,252 320,267
388,274 335,376
CREDITORS
Amounts falling due within one year 7 35,608 45,879
NET CURRENT ASSETS 352,666 289,497
TOTAL ASSETS LESS CURRENT
LIABILITIES

406,809

325,027

CREDITORS
Amounts falling due after more than one
year

8

35,891

20,513
NET ASSETS 370,918 304,514

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 10 370,917 304,513
SHAREHOLDERS' FUNDS 370,918 304,514

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 Medical Services Limited (Registered number: 11273260)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2023 and were signed on its behalf by:





Mr R R Elliot - Director


Elliot Medical Services Limited (Registered number: 11273260)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Elliot Medical Services 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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

Elliot Medical Services Limited (Registered number: 11273260)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 50,000
AMORTISATION
At 1 April 2022 40,000
Charge for year 10,000
At 31 March 2023 50,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 10,000

5. TANGIBLE FIXED ASSETS
Equipment
and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 14,217 26,585 4,695 45,497
Additions - 51,234 3,531 54,765
Disposals - (26,585 ) (4,695 ) (31,280 )
At 31 March 2023 14,217 51,234 3,531 68,982
DEPRECIATION
At 1 April 2022 8,529 8,308 3,130 19,967
Charge for year 1,422 4,269 619 6,310
Eliminated on disposal - (8,308 ) (3,130 ) (11,438 )
At 31 March 2023 9,951 4,269 619 14,839
NET BOOK VALUE
At 31 March 2023 4,266 46,965 2,912 54,143
At 31 March 2022 5,688 18,277 1,565 25,530

Elliot Medical Services Limited (Registered number: 11273260)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 11,917 8,132
Prepayments 7,105 6,977
19,022 15,109

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 571 923
Corporation tax 32,522 26,764
Social security and other taxes 116 45
Directors' current accounts 149 16,026
Accrued expenses 2,250 2,121
35,608 45,879

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 35,891 20,513

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
75 Ordinary A £0.01 1 1
25 Ordinary B £0.01 - -
1 1

10. RESERVES
Retained
earnings
£   

At 1 April 2022 304,513
Profit for the year 164,453
Dividends (98,049 )
At 31 March 2023 370,917

Elliot Medical Services Limited (Registered number: 11273260)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.23 31.3.22
£    £   
Mr R R Elliot
Balance outstanding at start of year (15,983 ) (4,516 )
Amounts advanced 58,651 11,771
Amounts repaid (42,738 ) (23,238 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (70 ) (15,983 )

Mrs V Elliot
Balance outstanding at start of year (44 ) (281 )
Amounts advanced 24,743 9,747
Amounts repaid (24,779 ) (9,510 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (80 ) (44 )

12. RELATED PARTY DISCLOSURES

The company was under the control of Dr R R and Dr V Elliot throughout the current period. Dr R R is a managing director and majority shareholder.

No transactions with related parties were undertaken such as are required to be disclosed under Section 1a (Small Entities) for Financial Reporting Standard 102.