Registered number
10844999
ELLIOTTS FACILITIES MANAGEMENT LIMITED
Filleted Accounts
31 December 2023
ELLIOTTS FACILITIES MANAGEMENT LIMITED
Registered number: 10844999
Balance Sheet
as at 31 December 2023
Notes 31/12/23 30/6/23
£ £
Fixed assets
Intangible assets 3 26,896 10,000
Tangible assets 4 114,519 106,493
141,415 116,493
Current assets
Stocks 12,893 9,158
Debtors 5 151,252 84,910
Cash at bank and in hand 6,687 3,848
170,832 97,916
Creditors: amounts falling due within one year 6 (159,233) (135,237)
Net current assets/(liabilities) 11,599 (37,321)
Total assets less current liabilities 153,014 79,172
Creditors: amounts falling due after more than one year 7 (213,646) (147,783)
Net liabilities (60,632) (68,611)
Capital and reserves
Called up share capital 100 100
Profit and loss account (60,732) (68,711)
Shareholder's funds (60,632) (68,611)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
E Bunn
Director
Approved by the board on 24 September 2024
ELLIOTTS FACILITIES MANAGEMENT LIMITED
Notes to the Accounts
for the period from 1 July 2023 to 31 December 2023
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 applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services 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 accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. 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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 31/12/23 30/6/23
Number Number
Average number of persons employed by the company 151 87
3 Intangible fixed assets £
Goodwill:
Cost
At 1 July 2023 10,000
Additions 19,012
At 31 December 2023 29,012
Amortisation
Provided during the period 2,116
At 31 December 2023 2,116
Net book value
At 31 December 2023 26,896
At 30 June 2023 10,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2023 27,035 129,264 156,299
Additions 24,386 - 24,386
At 31 December 2023 51,421 129,264 180,685
Depreciation
At 1 July 2023 11,828 37,978 49,806
Charge for the period 4,949 11,411 16,360
At 31 December 2023 16,777 49,389 66,166
Net book value
At 31 December 2023 34,644 79,875 114,519
At 30 June 2023 15,207 91,286 106,493
5 Debtors 31/12/23 30/6/23
£ £
Trade debtors 168,687 50,376
Amounts owed by group undertakings and undertakings in which the company has a participating interest 26,700 2,100
Prepayment (99,109) -
Other debtors 54,974 32,434
151,252 84,910
6 Creditors: amounts falling due within one year 31/12/23 30/6/23
£ £
Bank loans and overdrafts 28,548 -
Obligations under finance lease and hire purchase contracts 56,080 -
Trade creditors 34,072 85,304
Amounts owed to group undertakings and undertakings in which the company has a participating interest 17,948 -
Taxation and social security costs 68,347 16,209
Accruals (2,500) 2,500
Directors Loan Account 8,644 31,224
Other creditors (51,906) -
159,233 135,237
7 Creditors: amounts falling due after one year 31/12/23 30/6/23
£ £
Bank loans 3,568 80,677
Obligations under finance lease and hire purchase contracts 210,078 67,106
213,646 147,783
8 Other information
ELLIOTTS FACILITIES MANAGEMENT LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Unit 13 Chells Industrial Estate
Stevenage
Herts
SG2 0LQ
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