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REGISTERED NUMBER: 03780660 (England and Wales)









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

ELCO BUILDING SERVICES LTD

ELCO BUILDING SERVICES LTD (REGISTERED NUMBER: 03780660)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ELCO BUILDING SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: D W West





REGISTERED OFFICE: 107 Bell Street
London
NW1 6TL





REGISTERED NUMBER: 03780660 (England and Wales)





ACCOUNTANTS: Butters Gates & Company
Chartered Accountants
107 Bell Street
London
NW1 6TL

ELCO BUILDING SERVICES LTD (REGISTERED NUMBER: 03780660)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 61,969 34,879

CURRENT ASSETS
Stocks 58,723 20,140
Debtors 5 197,226 147,652
Cash at bank 734,141 636,280
990,090 804,072
CREDITORS
Amounts falling due within one year 6 237,656 158,477
NET CURRENT ASSETS 752,434 645,595
TOTAL ASSETS LESS CURRENT
LIABILITIES

814,403

680,474

PROVISIONS FOR LIABILITIES 2,766 2,766
NET ASSETS 811,637 677,708

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 811,631 677,702
SHAREHOLDERS' FUNDS 811,637 677,708

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

ELCO BUILDING SERVICES LTD (REGISTERED NUMBER: 03780660)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 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 12 March 2024 and were signed by:





D W West - Director


ELCO BUILDING SERVICES LTD (REGISTERED NUMBER: 03780660)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Elco Building Services Ltd 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.

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% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - Straight line over 3 years

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

ELCO BUILDING SERVICES LTD (REGISTERED NUMBER: 03780660)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Land and Plant and and
Building machinery fittings
£    £    £   
COST
At 1 July 2022 - 12,288 12,130
Additions 27,145 - 11,633
At 30 June 2023 27,145 12,288 23,763
DEPRECIATION
At 1 July 2022 - 12,035 11,038
Charge for year - 63 3,181
At 30 June 2023 - 12,098 14,219
NET BOOK VALUE
At 30 June 2023 27,145 190 9,544
At 30 June 2022 - 253 1,092

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2022 55,432 6,513 86,363
Additions - - 38,778
At 30 June 2023 55,432 6,513 125,141
DEPRECIATION
At 1 July 2022 24,069 4,342 51,484
Charge for year 6,273 2,171 11,688
At 30 June 2023 30,342 6,513 63,172
NET BOOK VALUE
At 30 June 2023 25,090 - 61,969
At 30 June 2022 31,363 2,171 34,879

ELCO BUILDING SERVICES LTD (REGISTERED NUMBER: 03780660)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 188,629 131,688
Other debtors 1,600 10,946
Prepayments 6,997 5,018
197,226 147,652

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts - 2,549
Trade creditors 74,973 37,277
Tax 50,643 36,952
Social security and other taxes 4,321 4,443
VAT 69,944 42,298
Other creditors 3,495 1,556
Directors' current accounts 30,580 30,172
Accrued expenses 3,700 3,230
237,656 158,477