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Registration number: 02697721

Elliott Services Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Elliott Services Ltd
(Registration number: 02697721)

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Elliott Services Ltd
(Registration number: 02697721)

Company Information

Director

Mr David Elliott

Registered office

2 Market Hill
Chatteris
Cambridgeshire
PE16 6BA

Registered number

02697721

 

Elliott Services Ltd
(Registration number: 02697721)

Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed Assets

 

Tangible Assets

4

111

138

Current assets

 

Cash at bank and in hand

 

6,611

11,843

Creditors: Amounts falling due within one year

5

(21,836)

(26,337)

Net current liabilities

 

(15,225)

(14,494)

Net liabilities

 

(15,114)

(14,356)

Capital and Reserves

 

Share premium reserve

100

100

Retained Earnings

(15,214)

(14,456)

Shareholders' deficit

 

(15,114)

(14,356)

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 8 August 2024
 

.........................................
Mr David Elliott
Director

 

Elliott Services Ltd
(Registration number: 02697721)

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Market Hill
Chatteris
Cambridgeshire
PE16 6BA
England

These financial statements were authorised for issue by the director on 8 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible Assets

Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% reducing balance

 

Elliott Services Ltd
(Registration number: 02697721)

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Tangible Assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2023

3,057

3,057

At 31 March 2024

3,057

3,057

Depreciation

At 1 April 2023

2,919

2,919

Charge for the year

27

27

At 31 March 2024

2,946

2,946

Carrying amount

At 31 March 2024

111

111

At 31 March 2023

138

138

 

Elliott Services Ltd
(Registration number: 02697721)

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

6

-

352

Accruals and deferred income

 

453

420

Other creditors

 

21,383

25,565

 

21,836

26,337

6

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank overdrafts

-

352