Company registration number 11058558
Elliott Matthew Limited
Unaudited Financial Statements
for the year ended 30 November 2023
Cavendish Bond
Chartered Accountants
Bentinck House
3 - 8 Bolsover Street
London
W1W 6AB
Elliott Matthew Limited
Financial statements for the year ended 30 November 2023
Chartered Accountants' report to the board of directors on the preparation of the unaudited financial statements of Elliott Matthew Limited for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006 we have prepared for your approval the financial statements of Elliott Matthew Limited for the year ended 30 November 2023, which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance.
This report is made solely to the Board of Directors of Elliott Matthew Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Elliott Matthew Limited and state those matters that we have agreed to state to the Board of Directors of Elliott Matthew Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Elliott Matthew Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Elliott Matthew Limited has kept adequate accounting records and to prepare financial statements that give a true and fair view of the assets, liabilities, financial position and profit or loss of Elliott Matthew Limited. You consider that Elliott Matthew Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Elliott Matthew Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Cavendish Bond
Chartered Accountants
Bentinck House
3 - 8 Bolsover Street
London
W1W 6AB
29 August 2024
Elliott Matthew Limited
Financial statements for the year ended 30 November 2023
Balance Sheet
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,247 2,203
Current assets
Debtors 4 288,933 209,602
Cash at bank and in hand 102,939 140,999
391,872 350,601
Creditors: amounts falling due within one year 5 (181,703) (150,494)
Net current assets 210,169 200,107
Total assets less current liabilities 211,416 202,310
Creditors: amounts falling due after more than one year 6 (10,477) (17,475)
Provisions for liabilities (312) (418)
Net assets 200,627 184,417
Capital and reserves
Called up share capital 30,431 30,431
Share premium 35,600 35,600
Profit and loss account 134,596 118,386
Shareholders' funds 200,627 184,417
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the special provisions for small companies within Part 15 of the Companies Act 2006. The company's profit and loss account for the year has not been delivered to the Registrar of Companies.
These financial statements were approved by the board on 29 August 2024 and are signed on its behalf by
H Barel
Director
Company registration number 11058558
Elliott Matthew Limited
Financial statements for the year ended 30 November 2023
Notes to the Financial Statements
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland, as applicable to companies subject to the small entities regime.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover derives from the rendering of services and is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment over 3 years
Furniture and fittings over 5 years
Debtors
Short term debtors are measured at transaction price less any provision for bad and doubtful debts. Loans and other financial assets are initially recognised at fair value, taking account of any transaction costs, and are subsequently measured at amortised cost using the effective interest method, less any impairment losses.
Creditors
Short term creditors are measured at the transaction price. Loans and other financial liabilities are initially recognised at fair value, taking account of any transaction costs, and are subsequently measured at amortised cost using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument they are classified as financial liabilities and are presented as such in the balance sheet. Where the contractual terms of financial instruments do not meet the definition of a financial liability they are classified as equity instruments.

Dividends and other distributions relating to equity instruments are debited direct to equity.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 3
3 Tangible fixed assets
Computer equipment Furniture and fittings Total
£ £ £
Cost
At 1 December 2022 9,579 1,254 10,833
Additions - 313 313
At 30 November 2023 9,579 1,567 11,146
Depreciation
At 1 December 2022 8,128 502 8,630
Charge for the year 956 313 1,269
At 30 November 2023 9,084 815 9,899
Net book value
At 30 November 2023 495 752 1,247
At 30 November 2022 1,451 752 2,203
4 Debtors 2023 2022
£ £
Trade debtors 124,521 119,941
Accrued income 117,821 63,711
Other debtors 46,591 25,950
288,933 209,602
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 7,023 7,009
Trade creditors 8,270 2,188
Taxes and social security costs 127,734 112,827
Other creditors 38,676 28,470
181,703 150,494
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 10,477 17,475
7 Other financial commitments 2023 2022
£ £
Total future minimum payments under non-cancellable operating leases - 28,800
8 Other information
Elliott Matthew Limited is a private company limited by shares and incorporated in England. Its registered office is:
12 Margaret Street
London
W1W 8JQ
Elliott Matthew Limited 11058558 false 2022-12-01 2023-11-30 2023-11-30 VT Final Accounts April 2024 H Barel No description of principal activity 11058558 2021-12-01 2022-11-30 11058558 core:WithinOneYear 2022-11-30 11058558 core:AfterOneYear 2022-11-30 11058558 core:ShareCapital 2022-11-30 11058558 core:SharePremium 2022-11-30 11058558 core:RetainedEarningsAccumulatedLosses 2022-11-30 11058558 core:AllPeriods 2022-11-30 11058558 2022-12-01 2023-11-30 11058558 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 11058558 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 11058558 bus:Director40 2022-12-01 2023-11-30 11058558 1 2022-12-01 2023-11-30 11058558 2 2022-12-01 2023-11-30 11058558 core:PlantMachinery 2022-12-01 2023-11-30 11058558 core:Vehicles 2022-12-01 2023-11-30 11058558 countries:England 2022-12-01 2023-11-30 11058558 bus:FRS102 2022-12-01 2023-11-30 11058558 bus:FilletedAccounts 2022-12-01 2023-11-30 11058558 2023-11-30 11058558 core:WithinOneYear 2023-11-30 11058558 core:AfterOneYear 2023-11-30 11058558 core:ShareCapital 2023-11-30 11058558 core:SharePremium 2023-11-30 11058558 core:RetainedEarningsAccumulatedLosses 2023-11-30 11058558 core:PlantMachinery 2023-11-30 11058558 core:Vehicles 2023-11-30 11058558 core:AllPeriods 2023-11-30 11058558 2022-11-30 11058558 core:PlantMachinery 2022-11-30 11058558 core:Vehicles 2022-11-30 iso4217:GBP xbrli:pure