Registered number
13013736
ELLIOTTS DRAINAGE LIMITED
Filleted Accounts
31 December 2023
ELLIOTTS DRAINAGE LIMITED
Registered number: 13013736
Balance Sheet
as at 31 December 2023
Notes 31/12/23 30/6/23
£ £
Fixed assets
Tangible assets 3 52,840 38,772
Current assets
Debtors 4 130,871 16,804
Cash at bank and in hand 3,283 1,795
134,154 18,599
Creditors: amounts falling due within one year 5 (213,056) (140,973)
Net current liabilities (78,902) (122,374)
Net liabilities (26,062) (83,602)
Capital and reserves
Called up share capital 1 1
Profit and loss account (26,065) (83,603)
Shareholders' funds (26,064) (83,602)
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 Act.
The directors acknowledge their 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 DRAINAGE 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:
Plant and machinery 25% Reducing Balance
Fixtures, fittings, tools and equipment 25% Reducing Balance
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.
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 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2023 26,139 18,000 44,139
Additions 9,143 8,542 17,685
At 31 December 2023 35,282 26,542 61,824
Depreciation
At 1 July 2023 867 4,500 5,367
Charge for the period 862 2,755 3,617
At 31 December 2023 1,729 7,255 8,984
Net book value
At 31 December 2023 33,553 19,287 52,840
At 30 June 2023 25,272 13,500 38,772
4 Debtors 31/12/23 30/6/23
£ £
Trade debtors 127,458 13,164
Prepayments 1,477 1,794
Other debtors 1,936 1,846
130,871 16,804
5 Creditors: amounts falling due within one year 31/12/23 30/6/23
£ £
Bank loans and overdrafts 38,059 -
Trade creditors 114,323 81,886
Amounts owed to group undertakings and undertakings in which the company has a participating interest 48,620 12,670
Directors' loan account (5,949) 51,018
Taxation and social security costs 20,696 (4,601)
Wages Payable (3,000) -
Other creditors 307 -
213,056 140,973
6 Other information
ELLIOTTS DRAINAGE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Unit 13
Chells Industrial Estate
Chells Way
Stevenage
SG2 0LQ
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