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REGISTERED NUMBER: 13794807 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ELSON SEARCH LIMITED

ELSON SEARCH LIMITED (REGISTERED NUMBER: 13794807)

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


ELSON SEARCH LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: B I Thompson
Mrs C Thompson





REGISTERED OFFICE: 46 Park Place
Leeds
United Kingdom
LS1 2RY





REGISTERED NUMBER: 13794807 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

ELSON SEARCH LIMITED (REGISTERED NUMBER: 13794807)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 53,861 2,709

CURRENT ASSETS
Debtors 5 77,393 19,363
Cash at bank 45,922 202,385
123,315 221,748
CREDITORS
Amounts falling due within one year 6 63,941 191,787
NET CURRENT ASSETS 59,374 29,961
TOTAL ASSETS LESS CURRENT
LIABILITIES

113,235

32,670

CREDITORS
Amounts falling due after more than one year 7 (30,837 ) -

PROVISIONS FOR LIABILITIES (965 ) -
NET ASSETS 81,433 32,670

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 81,432 32,669
SHAREHOLDERS' FUNDS 81,433 32,670

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 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.

ELSON SEARCH LIMITED (REGISTERED NUMBER: 13794807)

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 Board of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by:





B I Thompson - Director


ELSON SEARCH LIMITED (REGISTERED NUMBER: 13794807)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Elson Search Limited is a private company, limited by shares, incorporated and domiciled in England and has its registered office and principal place of business at 2 Brandon Terrace, Leeds, West Yorkshire, England.

The principal activity of the company is that of a recruitment services in the medical field.

The presentational currency of the financial statements is Pound Sterling (£).

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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Turnover
Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from services is recognised on completion of service, or when those services span the year end date, by reference to the stage of completion at the balance sheet date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost, 20% on reducing balance and 15% on cost

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.


ELSON SEARCH LIMITED (REGISTERED NUMBER: 13794807)

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 3,059
Additions 61,931
At 31 December 2023 64,990
DEPRECIATION
At 1 January 2023 350
Charge for year 10,779
At 31 December 2023 11,129
NET BOOK VALUE
At 31 December 2023 53,861
At 31 December 2022 2,709

ELSON SEARCH LIMITED (REGISTERED NUMBER: 13794807)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 60,976
At 31 December 2023 60,976
DEPRECIATION
Charge for year 9,978
At 31 December 2023 9,978
NET BOOK VALUE
At 31 December 2023 50,998

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 23,719 18,469
Other debtors 53,674 894
77,393 19,363

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 4,713 -
Taxation and social security 56,437 55,234
Other creditors 2,791 136,553
63,941 191,787

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 30,837 -

8. RELATED PARTY DISCLOSURES

At the year end the company owed to its directors £901 (2022: £134,753 owed to the directors).

This balance is not subject to interest and is repayable on demand.