Company Registration No. 12477624 (England and Wales)
Elscott Services Ltd
Unaudited accounts
for the year ended 31 March 2023
Elscott Services Ltd
Unaudited accounts
Contents
Elscott Services Ltd
Company Information
for the year ended 31 March 2023
Company Number
12477624 (England and Wales)
Registered Office
71 Woodland Avenue
Wolverhampton
WV6 8ND
Accountants
Nelly's Accountants
71 Woodland Avenue
Tettenhall Wood
Wolverhampton
West Midlands
WV6 8ND
Elscott Services Ltd
Statement of financial position
as at 31 March 2023
Tangible assets
17,874
32,344
Cash at bank and in hand
4,452
40,089
Creditors: amounts falling due within one year
(75,822)
(124,029)
Net current assets
11,468
41,585
Total assets less current liabilities
29,342
73,929
Provisions for liabilities
Deferred tax
(3,396)
(6,145)
Called up share capital
100
100
Profit and loss account
25,846
67,684
Shareholders' funds
25,946
67,784
For the year ending 31 March 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 November 2023 and were signed on its behalf by
Wayne Scott
Director
Company Registration No. 12477624
Elscott Services Ltd
Notes to the Accounts
for the year ended 31 March 2023
Elscott Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 12477624. The registered office is 71 Woodland Avenue, Wolverhampton, WV6 8ND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling and are rounded to the nearest pound.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Elscott Services Ltd
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2022
295
47,465
47,760
Disposals
-
(15,134)
(15,134)
At 31 March 2023
295
32,331
32,626
At 1 April 2022
74
15,342
15,416
Charge for the year
55
5,903
5,958
On disposals
-
(6,622)
(6,622)
At 31 March 2023
129
14,623
14,752
At 31 March 2023
166
17,708
17,874
At 31 March 2022
221
32,123
32,344
Amounts falling due within one year
Trade debtors
30,420
13,359
Amounts due from group undertakings etc.
43,297
38,914
Accrued income and prepayments
1,449
1,778
Other debtors
6,644
69,704
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
32,250
41,250
Obligations under finance leases and hire purchase contracts
17,626
22,326
Trade creditors
17,352
3,386
Taxes and social security
8,016
54,897
Loans from directors
58
1,347
Elscott Services Ltd
Notes to the Accounts
for the year ended 31 March 2023
7
Deferred taxation
2023
2022
Accelerated capital allowances
3,396
6,145
Provision at start of year
6,145
5,080
(Credited)/charged to the profit and loss account
(2,749)
1,065
Provision at end of year
3,396
6,145
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 7 (2022: 4).