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REGISTERED NUMBER: 10487253 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Elliott & Heath Ltd

Elliott & Heath Ltd (Registered number: 10487253)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Elliott & Heath Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: J Ralph MCOpTom





REGISTERED OFFICE: 79 Newbold Road
Chesterfield
Derbyshire
S41 7QA





REGISTERED NUMBER: 10487253 (England and Wales)





ACCOUNTANTS: Hadfields Chartered Certified Accountants
Commerce House
658B Chatsworth Road
Chesterfield
Derbyshire
S40 3JZ

Elliott & Heath Ltd (Registered number: 10487253)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 37,562 50,083
Tangible assets 5 196,787 207,003
234,349 257,086

CURRENT ASSETS
Stocks 34,919 33,384
Debtors 6 3,058 14,321
Cash at bank and in hand 60,027 34,722
98,004 82,427
CREDITORS
Amounts falling due within one year 7 49,487 46,434
NET CURRENT ASSETS 48,517 35,993
TOTAL ASSETS LESS CURRENT
LIABILITIES

282,866

293,079

CREDITORS
Amounts falling due after more than one year 8 157,631 180,564
NET ASSETS 125,235 112,515

CAPITAL AND RESERVES
Called up share capital 10 110 110
Retained earnings 125,125 112,405
SHAREHOLDERS' FUNDS 125,235 112,515

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

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

Elliott & Heath Ltd (Registered number: 10487253)

Balance Sheet - continued
31 December 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 director and authorised for issue on 3 July 2024 and were signed by:





J Ralph MCOpTom - Director


Elliott & Heath Ltd (Registered number: 10487253)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Elliott & Heath 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten 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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Elliott & Heath Ltd (Registered number: 10487253)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

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 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 125,207
AMORTISATION
At 1 January 2023 75,124
Amortisation for year 12,521
At 31 December 2023 87,645
NET BOOK VALUE
At 31 December 2023 37,562
At 31 December 2022 50,083

Elliott & Heath Ltd (Registered number: 10487253)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 133,395 69,032 13,604 1,514 217,545
Additions - 1,917 1,308 2,005 5,230
At 31 December 2023 133,395 70,949 14,912 3,519 222,775
DEPRECIATION
At 1 January 2023 - 7,266 2,600 676 10,542
Charge for year - 12,640 2,288 518 15,446
At 31 December 2023 - 19,906 4,888 1,194 25,988
NET BOOK VALUE
At 31 December 2023 133,395 51,043 10,024 2,325 196,787
At 31 December 2022 133,395 61,766 11,004 838 207,003

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 10,820
Other debtors 3,058 3,501
3,058 14,321

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 17,035 16,790
Finance leases 5,968 5,488
Trade creditors 8,404 9,162
Taxation and social security 12,663 1,942
Other creditors 5,417 13,052
49,487 46,434

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 114,618 128,225
Finance leases 36,299 42,268
Other creditors 6,714 10,071
157,631 180,564

Elliott & Heath Ltd (Registered number: 10487253)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 63,850 67,504
Finance leases - 6,732
63,850 74,236

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
National Westminster Bank PLC 99,266 102,920

79 Newbold Road, Chesterfield and land and buildings on the east side of New Queen Street, Chesterfield, contains a fixed charge.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100
10 'B' Shares £1 10 10
110 110

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £16,000 (2022 - £18,500) were paid to the director .