13 false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2021 - FRS102_2021 901,803 881,904 19,899 901,803 19,899 xbrli:pure xbrli:shares iso4217:GBP 6022018 2023-01-01 2023-12-31 6022018 2023-12-31 6022018 2022-12-31 6022018 2022-01-01 2022-12-31 6022018 2022-12-31 6022018 core:NetGoodwill 2023-01-01 2023-12-31 6022018 core:MotorVehicles 2023-01-01 2023-12-31 6022018 bus:Director1 2023-01-01 2023-12-31 6022018 core:NetGoodwill 2022-12-31 6022018 core:NetGoodwill 2023-12-31 6022018 core:MotorVehicles 2023-12-31 6022018 core:WithinOneYear 2023-12-31 6022018 core:WithinOneYear 2022-12-31 6022018 core:AfterOneYear 2023-12-31 6022018 core:AfterOneYear 2022-12-31 6022018 core:ShareCapital 2023-12-31 6022018 core:ShareCapital 2022-12-31 6022018 core:RetainedEarningsAccumulatedLosses 2023-12-31 6022018 core:RetainedEarningsAccumulatedLosses 2022-12-31 6022018 core:BetweenOneFiveYears 2023-12-31 6022018 core:BetweenOneFiveYears 2022-12-31 6022018 core:NetGoodwill 2022-12-31 6022018 bus:SmallEntities 2023-01-01 2023-12-31 6022018 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 6022018 bus:FullAccounts 2023-01-01 2023-12-31 6022018 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 6022018 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
COMPANY REGISTRATION NUMBER: 6022018
Elliott Bunker Limited
Filleted Unaudited Financial Statements
31 December 2023
Elliott Bunker Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
Fixed assets
Intangible assets
5
19,899
Tangible assets
6
75,527
--------
--------
75,527
19,899
Current assets
Debtors
7
241,800
276,896
Cash at bank and in hand
203,091
227,696
---------
---------
444,891
504,592
Creditors: amounts falling due within one year
8
142,975
172,727
---------
---------
Net current assets
301,916
331,865
---------
---------
Total assets less current liabilities
377,443
351,764
Creditors: amounts falling due after more than one year
9
57,676
29,537
Provisions
Taxation including deferred tax
18,381
---------
---------
Net assets
301,386
322,227
---------
---------
Capital and reserves
Called up share capital
120
120
Profit and loss account
301,266
322,107
---------
---------
Shareholders funds
301,386
322,227
---------
---------
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 income and retained earnings has not been delivered.
For the year ending 31 December 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 .
Elliott Bunker Limited
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 19 April 2024 , and are signed on behalf of the board by:
Mr P Cridland
Director
Company registration number: 6022018
Elliott Bunker Limited
Notes to the Financial Statements
Year ended 31 December 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 61 Macrae Road, Ham Green, Bristol, BS20 0DD.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
20% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and 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.
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:
Motor vehicles
-
25% reducing balance
Office equipment
-
33% straight line
Impairment of fixed assets
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.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 13 (2022: 13 ).
5. Intangible assets
Goodwill
£
Cost
At 1 January 2023 and 31 December 2023
901,803
---------
Amortisation
At 1 January 2023
881,904
Charge for the year
19,899
---------
At 31 December 2023
901,803
---------
Carrying amount
At 31 December 2023
---------
At 31 December 2022
19,899
---------
6. Tangible assets
Motor vehicles
Equipment
Total
£
£
£
Cost
At 1 January 2023
47,878
47,878
Additions
79,589
16,291
95,880
Disposals
( 17,995)
( 17,995)
--------
--------
---------
At 31 December 2023
79,589
46,174
125,763
--------
--------
---------
Depreciation
At 1 January 2023
47,878
47,878
Charge for the year
14,923
5,430
20,353
Disposals
( 17,995)
( 17,995)
--------
--------
---------
At 31 December 2023
14,923
35,313
50,236
--------
--------
---------
Carrying amount
At 31 December 2023
64,666
10,861
75,527
--------
--------
---------
At 31 December 2022
--------
--------
---------
7. Debtors
2023
2022
£
£
Trade debtors
127,885
186,903
Other debtors
113,915
89,993
---------
---------
241,800
276,896
---------
---------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
6,250
6,250
Trade creditors
21,665
19,473
Corporation tax
29,306
42,396
Social security and other taxes
70,001
73,969
Other creditors
15,753
30,639
---------
---------
142,975
172,727
---------
---------
9. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
20,331
29,537
Other creditors
37,345
--------
--------
57,676
29,537
--------
--------
10. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2023
2022
£
£
Later than 1 year and not later than 5 years
4,575
32,025
-------
--------
11. Related party transactions
Other debtors includes an interest free loan of £Nil (2022 £800) to Past (UK) Ltd a company in which Mr P Cridland is a director.