0 31/08/2023 2023-08-31 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2022-09-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 06664535 2022-09-01 2023-08-31 06664535 2023-08-31 06664535 2021-09-01 2022-08-31 06664535 2022-08-31 06664535 2021-08-31 06664535 bus:RegisteredOffice 2022-09-01 2023-08-31 06664535 bus:LeadAgentIfApplicable 2022-09-01 2023-08-31 06664535 bus:Director1 2022-09-01 2023-08-31 06664535 bus:Director2 2022-09-01 2023-08-31 06664535 bus:CompanySecretary1 2022-09-01 2023-08-31 06664535 core:PlantMachinery 2023-08-31 06664535 core:FurnitureFittingsToolsEquipment 2023-08-31 06664535 core:MotorVehicles 2023-08-31 06664535 core:WithinOneYear 2023-08-31 06664535 core:WithinOneYear 2022-08-31 06664535 core:RetainedEarningsAccumulatedLosses 2021-09-01 2022-08-31 06664535 core:RetainedEarningsAccumulatedLosses 2022-09-01 2023-08-31 06664535 core:ShareCapital 2023-08-31 06664535 core:ShareCapital 2022-08-31 06664535 core:RetainedEarningsAccumulatedLosses 2023-08-31 06664535 core:RetainedEarningsAccumulatedLosses 2022-08-31 06664535 core:ShareCapital 2021-08-31 06664535 core:RetainedEarningsAccumulatedLosses 2021-08-31 06664535 core:FurnitureFittingsToolsEquipment 2022-08-31 06664535 core:MotorVehicles 2022-08-31 06664535 bus:SmallEntities 2022-09-01 2023-08-31 06664535 bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 06664535 bus:FullAccounts 2022-09-01 2023-08-31 06664535 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 06664535 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31
Company registration number: 06664535
ELKHILL LIMITED
Trading as Elkhill Limited
Unaudited filleted financial statements
31 August 2023
ELKHILL LIMITED
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
ELKHILL LIMITED
Directors and other information
Directors Miss Junice- O Abioye
Mr. Adekunle S Ganiyu
Secretary Junice-O Abioye
Company number 06664535
Registered office 29A Eurolink Business Centre
49 Effra Road
London
SW2 1BZ
Business address 32 Ryedene
Basildon
Essex
SS16 4SY
Bankers Santander UK plc,
Business Banking Centre.
Abbey National House
301 St. Vincent Street
Glasgow G2 5NT
ELKHILL LIMITED
Statement of financial position
31 August 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 4 1,891 1,891
_______ _______
1,891 1,891
Current assets
Debtors 5 29,992 15,904
Cash at bank and in hand 1,982 1,031
_______ _______
31,974 16,935
Creditors: amounts falling due
within one year 6 ( 21,605) ( 32,313)
_______ _______
Net current assets/(liabilities) 10,369 ( 15,378)
_______ _______
Total assets less current liabilities 12,260 ( 13,487)
_______ _______
Net assets/(liabilities) 12,260 ( 13,487)
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account 12,258 ( 13,489)
_______ _______
Shareholders funds/(deficit) 12,260 ( 13,487)
_______ _______
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 07 February 2023 , and are signed on behalf of the board by:
Mr. Adekunle S Ganiyu Miss Junice- O Abioye
Director Director
Company registration number: 06664535
ELKHILL LIMITED
Statement of changes in equity
Year ended 31 August 2023
Called up share capital Profit and loss account Total
£ £ £
At 1 September 2021 2 262 264
Profit/(loss) for the year ( 13,751) ( 13,751)
_______ _______ _______
Total comprehensive income for the year - ( 13,751) ( 13,751)
_______ _______ _______
At 31 August 2022 and 1 September 2022 2 ( 13,489) ( 13,487)
Profit/(loss) for the year 25,747 25,747
_______ _______ _______
Total comprehensive income for the year - 25,747 25,747
_______ _______ _______
At 31 August 2023 2 12,258 12,260
_______ _______ _______
ELKHILL LIMITED
Notes to the financial statements
Year ended 31 August 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is ELKHILL LIMITED, 29A Eurolink Business Centre, 49 Effra Road, London, SW2 1BZ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
4. Tangible assets
Plant and machinery Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £
Cost
At 1 September 2022 and 31 August 2023 17,468 14,618 21,909 53,995
_______ _______ _______ _______
Depreciation
At 1 September 2022 and 31 August 2023 17,468 12,724 21,912 52,104
_______ _______ _______ _______
Carrying amount
At 31 August 2023 - 1,894 ( 3) 1,891
_______ _______ _______ _______
At 31 August 2022 - 1,894 ( 3) 1,891
_______ _______ _______ _______
5. Debtors
2023 2022
£ £
Trade debtors 7,130 7,130
Other debtors 22,862 8,774
_______ _______
29,992 15,904
_______ _______
6. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 9,407 15,035
Trade creditors 393 393
Corporation tax 9,196 11,448
Social security and other taxes 2,425 2,794
Other creditors 184 2,643
_______ _______
21,605 32,313
_______ _______
7. Directors advances, credits and guarantees