ELBAGATE LIMITED

Company Registration Number:
04750700 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

ELBAGATE LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

ELBAGATE LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 287,284 59,664
Total fixed assets: 287,284 59,664
Current assets
Stocks: 264,928 141,620
Debtors:   2,718,963 2,382,237
Cash at bank and in hand: 82,100 526,088
Total current assets: 3,065,991 3,049,945
Creditors: amounts falling due within one year: 4 (2,044,202) (2,142,806)
Net current assets (liabilities): 1,021,789 907,139
Total assets less current liabilities: 1,309,073 966,803
Creditors: amounts falling due after more than one year: 5 (16,159) (19,458)
Total net assets (liabilities): 1,292,914 947,345
Capital and reserves
Called up share capital: 20,000 20,000
Profit and loss account: 1,272,914 927,345
Shareholders funds: 1,292,914 947,345

The notes form part of these financial statements

ELBAGATE LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 09 April 2024
and signed on behalf of the board by:

Name: Mr T.Aksahin
Status: Director

The notes form part of these financial statements

ELBAGATE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

ELBAGATE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 14 14

ELBAGATE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 94,414
Additions 280,804
At 31 December 2023 375,218
Depreciation
At 01 January 2023 34,750
Charge for year 53,184
At 31 December 2023 87,934
Net book value
At 31 December 2023 287,284
At 31 December 2022 59,664

ELBAGATE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Creditors: amounts falling due within one year note

HP CREDITORS 5013BANK LOANS AND OVERDRAFTS 183431FACTORING COMPANY 1018719TRADE CREDITORS 640789VAT 49697OTHER CREDITORS 4905PAYE 14443CORPORATION TAX 122200ACCRUALS 5005

ELBAGATE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due after more than one year note

OBLIGATIONS UNDER FINANCE LEASE AND HIRE PURCHASE CONTRACTS 16159