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REGISTERED NUMBER: 04910956 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Elliott Brickwork Limited

Elliott Brickwork Limited (Registered number: 04910956)






Contents of the Financial Statements
for the year ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Elliott Brickwork Limited

Company Information
for the year ended 31 March 2023







DIRECTORS: Mrs K Elliott
S Elliott





REGISTERED OFFICE: Incon House
10 Stilebrook Road
Olney
Buckinghamshire
MK46 5EA





REGISTERED NUMBER: 04910956 (England and Wales)





ACCOUNTANTS: Gorrie Whitson Limited
1st Floor, Cromwell House
14 Fulwood Place
London
WC1V 6HZ

Elliott Brickwork Limited (Registered number: 04910956)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 390 780
Tangible assets 5 64,519 83,666
64,909 84,446

CURRENT ASSETS
Debtors 6 423,149 530,246
Cash at bank 22,326 174,789
445,475 705,035
CREDITORS
Amounts falling due within one year 7 249,061 354,429
NET CURRENT ASSETS 196,414 350,606
TOTAL ASSETS LESS CURRENT
LIABILITIES

261,323

435,052

CREDITORS
Amounts falling due after more than one year 8 (25,833 ) (32,500 )

PROVISIONS FOR LIABILITIES (10,647 ) (15,230 )
NET ASSETS 224,843 387,322

CAPITAL AND RESERVES
Called up share capital 9 101 101
Retained earnings 224,742 387,221
SHAREHOLDERS' FUNDS 224,843 387,322

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Elliott Brickwork Limited (Registered number: 04910956)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2024 and were signed on its behalf by:





S Elliott - Director


Elliott Brickwork Limited (Registered number: 04910956)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Elliott Brickwork Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Computer equipment - 25% 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.

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.

Elliott Brickwork Limited (Registered number: 04910956)

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

Revenue recognition
Revenue has been recognised in the Financial Statements where there is a contractual entitlement to income from work carried out.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 7,800
AMORTISATION
At 1 April 2022 7,020
Charge for year 390
At 31 March 2023 7,410
NET BOOK VALUE
At 31 March 2023 390
At 31 March 2022 780

Elliott Brickwork Limited (Registered number: 04910956)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 703,206
Additions 2,360
At 31 March 2023 705,566
DEPRECIATION
At 1 April 2022 619,540
Charge for year 21,507
At 31 March 2023 641,047
NET BOOK VALUE
At 31 March 2023 64,519
At 31 March 2022 83,666

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 94,725 164,160
Amounts recoverable on contract 30,530 26,798
VAT repayment 14,243 35,150
Directors' current accounts 183,885 215,297
Corporation tax repayable 91,676 80,751
Prepayments 8,090 8,090
423,149 530,246

Included within debtors due within one year are loans due from Stuart Elliott, a director, and Katharina Elliott , a director, amounting to £183,885 ( 2022: £215,297) .The loans are not interest bearing and will be reduced by dividends paid from the company in future years.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 88,403 86,000
Trade creditors 74,801 125,514
Tax 23,056 52,483
Social security and other taxes 52,802 30,429
Accrued expenses 9,999 60,003
249,061 354,429

Elliott Brickwork Limited (Registered number: 04910956)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

On 14th July 2020 the company drew down a Bounce Back Loan with Barclays Bank PLC.

£35,833 is outstanding at the balance sheet date - of which £10,000 is due withing one year - see note 9 and £25,833 is due over two - five years - see note 10.

The 9th September 2021 the company commenced drawing down on an overdraft facility of up to £80,000 from Just Cash Flow PLC. The loan is secured by a personal guarantee and indemnity by Stuart Elliott and Katharina Elliott. At the balance sheet date £78,403 had been drawn down and is included in bank loans and overdrafts - see note 9.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 20,000 20,000
Bank loans - 2-5 years 5,833 12,500
25,833 32,500

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
25 Ordinary A 1 25 25
76 Ordinary 1 76 76
101 101

10. RELATED PARTY DISCLOSURES

The controlling party is Mr Stuart Elliot one of the directors, by virtue of his majority share holding.