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REGISTERED NUMBER: 10074589 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Elkins Advanced Drylining Ltd

Elkins Advanced Drylining Ltd (Registered number: 10074589)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Elkins Advanced Drylining Ltd

Company Information
for the year ended 31 March 2024







DIRECTOR: Mr J P Elkins





REGISTERED OFFICE: 2 Mezereon Spur
Harwell
Didcot
Oxfordshire
OX11 6GE





REGISTERED NUMBER: 10074589 (England and Wales)





ACCOUNTANTS: Westell Accountants
3 Bradfield Court
Drayton Mill, Milton Road
Drayton
Abingdon
Oxfordshire
OX14 4EF

Elkins Advanced Drylining Ltd (Registered number: 10074589)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,457 8,278

CURRENT ASSETS
Debtors 5 13,317 16,047
Cash at bank 12,295 1,040
25,612 17,087
CREDITORS
Amounts falling due within one year 6 12,529 15,513
NET CURRENT ASSETS 13,083 1,574
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,540

9,852

CREDITORS
Amounts falling due after more than one
year

7

(4,404

)

(7,442

)

PROVISIONS FOR LIABILITIES (1,227 ) (1,573 )
NET ASSETS 13,909 837

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 13,809 737
SHAREHOLDERS' FUNDS 13,909 837

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Elkins Advanced Drylining Ltd (Registered number: 10074589)

Balance Sheet - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 April 2024 and were signed by:





Mr J P Elkins - Director


Elkins Advanced Drylining Ltd (Registered number: 10074589)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Elkins Advanced Drylining 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 etc - 25% on reducing balance and 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Elkins Advanced Drylining Ltd (Registered number: 10074589)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 26,650
Additions 235
At 31 March 2024 26,885
DEPRECIATION
At 1 April 2023 18,372
Charge for year 2,056
At 31 March 2024 20,428
NET BOOK VALUE
At 31 March 2024 6,457
At 31 March 2023 8,278

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 1,494 1,100
Other debtors 11,823 14,947
13,317 16,047

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 2,430 2,430
Taxation and social security 9,145 11,940
Other creditors 954 1,143
12,529 15,513

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 4,404 7,442