Silverfin false false 31/03/2024 01/04/2023 31/03/2024 Dorothy Ann Taylor 21/06/2023 Gregory Rodney Taylor 29/04/2020 12 September 2024 The principle activity of the Company during the year was property development. 01154858 2024-03-31 01154858 bus:Director1 2024-03-31 01154858 bus:Director2 2024-03-31 01154858 2023-03-31 01154858 core:CurrentFinancialInstruments 2024-03-31 01154858 core:CurrentFinancialInstruments 2023-03-31 01154858 core:ShareCapital 2024-03-31 01154858 core:ShareCapital 2023-03-31 01154858 core:RetainedEarningsAccumulatedLosses 2024-03-31 01154858 core:RetainedEarningsAccumulatedLosses 2023-03-31 01154858 bus:OrdinaryShareClass1 2024-03-31 01154858 2023-04-01 2024-03-31 01154858 bus:FilletedAccounts 2023-04-01 2024-03-31 01154858 bus:SmallEntities 2023-04-01 2024-03-31 01154858 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 01154858 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01154858 bus:Director1 2023-04-01 2024-03-31 01154858 bus:Director2 2023-04-01 2024-03-31 01154858 2022-04-01 2023-03-31 01154858 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 01154858 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 01154858 (England and Wales)

E L T (BOURNEMOUTH) LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

E L T (BOURNEMOUTH) LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

E L T (BOURNEMOUTH) LIMITED

BALANCE SHEET

As at 31 March 2024
E L T (BOURNEMOUTH) LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Current assets
Stocks 3 1,547,382 166,181
Debtors 4 147,745 138,047
Cash at bank and in hand 1,106,009 2,464,804
2,801,136 2,769,032
Creditors: amounts falling due within one year 5 ( 13,276) ( 6,892)
Net current assets 2,787,860 2,762,140
Total assets less current liabilities 2,787,860 2,762,140
Net assets 2,787,860 2,762,140
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 2,787,760 2,762,040
Total shareholder's funds 2,787,860 2,762,140

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 financial statements of E L T (Bournemouth) Limited (registered number: 01154858) were approved and authorised for issue by the Director on 12 September 2024. They were signed on its behalf by:

Gregory Rodney Taylor
Director
E L T (BOURNEMOUTH) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
E L T (BOURNEMOUTH) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

E L T (Bournemouth) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. [MANUFACTURERS, ETC - Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity.] Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Stocks

2024 2023
£ £
Stocks 1,547,382 166,181

4. Debtors

2024 2023
£ £
Amounts owed by Group undertakings 146,735 137,235
Other debtors 1,010 812
147,745 138,047

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 1,807 907
Amounts owed to director 725 726
Accruals 2,200 2,200
Taxation and social security 8,544 3,059
13,276 6,892

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100