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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
Page
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Elscott Services Ltd Company Information for the year ended 31 March 2023
Director
Wayne Scott
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
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Elscott Services Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
17,874 
32,344 
Current assets
Debtors
82,838 
125,525 
Cash at bank and in hand
4,452 
40,089 
87,290 
165,614 
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)
Net assets
25,946 
67,784 
Capital and reserves
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
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Elscott Services Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling and are rounded to the nearest pound.
Turnover
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 taxation
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.
Pension costs
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.
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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 
Depreciation
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 
Net book value
At 31 March 2023
166 
17,708 
17,874 
At 31 March 2022
221 
32,123 
32,344 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
1,028 
1,770 
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 
82,838 
125,525 
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 
Other creditors
170 
463 
Loans from directors
58 
1,347 
Accruals
350 
360 
75,822 
124,029 
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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 
2023 
2022 
£ 
£ 
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 
8
Share capital
2023 
2022 
£ 
£ 
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).
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