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REGISTERED NUMBER: 06512808 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

ELLIOT AND STONE LIMITED

ELLIOT AND STONE LIMITED (REGISTERED NUMBER: 06512808)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELLIOT AND STONE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTOR: J Campbell



SECRETARY: J Campbell



REGISTERED OFFICE: 25 Grosvenor Road
Wrexham
LL11 1BT



REGISTERED NUMBER: 06512808 (England and Wales)



ACCOUNTANTS: M. D. Coxey and Co. Limited
Chartered Accountants
25 Grosvenor Road
Wrexham
LL11 1BT



BANKERS: HSBC Bank plc
17-19 Regent Street
Wrexham
LL11 1RN

ELLIOT AND STONE LIMITED (REGISTERED NUMBER: 06512808)

BALANCE SHEET
31ST MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1 3,375

CURRENT ASSETS
Stocks 5 5,000 2,000
Debtors 6 21,820 23,001
Cash at bank 1,532 2
28,352 25,003
CREDITORS
Amounts falling due within one year 7 15,765 13,083
NET CURRENT ASSETS 12,587 11,920
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,588

15,295

CREDITORS
Amounts falling due after more than one year 8 (12,319 ) (14,319 )

PROVISIONS FOR LIABILITIES 10 - (641 )
NET ASSETS 269 335

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 169 235
SHAREHOLDERS' FUNDS 269 335

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

ELLIOT AND STONE LIMITED (REGISTERED NUMBER: 06512808)

BALANCE SHEET - continued
31ST 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15th January 2024 and were signed by:





J Campbell - Director


ELLIOT AND STONE LIMITED (REGISTERED NUMBER: 06512808)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

Elliot and Stone 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents gross invoiced sales of services, including VAT, except in respect of service contracts where turnover is recognised when the company obtains the rights to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% straight line basis
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

ELLIOT AND STONE LIMITED (REGISTERED NUMBER: 06512808)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st April 2022
and 31st March 2023 1,679 440 13,500 840 16,459
DEPRECIATION
At 1st April 2022 1,679 440 10,125 840 13,084
Charge for year - - 3,374 - 3,374
At 31st March 2023 1,679 440 13,499 840 16,458
NET BOOK VALUE
At 31st March 2023 - - 1 - 1
At 31st March 2022 - - 3,375 - 3,375

5. STOCKS
31.3.23 31.3.22
£    £   
Stocks 5,000 2,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 2,029 -
Amounts recoverable on contract - 5,000
Social security and other tax 3,014 205
Directors' current accounts 16,474 17,687
Prepayments 303 109
21,820 23,001

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 2,000 3,369
Trade creditors 1,889 1,424
Tax 6,363 5,155
Other creditors 3,238 1,335
Accrued expenses 2,275 1,800
15,765 13,083

ELLIOT AND STONE LIMITED (REGISTERED NUMBER: 06512808)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 2,000 1,848
Bank loans - 2-5 years 6,000 5,829
Bank loans - more than 5 years 4,319 6,642
12,319 14,319

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - more than 5 years 4,319 6,642

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank overdraft - 1,567
Bank loans 14,319 16,121
14,319 17,688

10. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax - 641

Deferred
tax
£   
Balance at 1st April 2022 641
Movement in the year due to:
changes in tax rates
changes in tax allowances (641 )
Balance at 31st March 2023 -

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1 100 100

12. CAPITAL COMMITMENTS
31.3.23 31.3.22
£    £   
Contracted but not provided for in the
financial statements - -