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REGISTERED NUMBER: 08174614 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

ELLIOTT MORTLOCK BUSBY & CO LIMITED

ELLIOTT MORTLOCK BUSBY & CO LIMITED (REGISTERED NUMBER: 08174614)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELLIOTT MORTLOCK BUSBY & CO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mr AR Wenden
Miss Z Wenden





SECRETARY: Mrs H T Wenden





REGISTERED OFFICE: 12 High Street
Stanford le Hope
Essex
SS17 0EY





REGISTERED NUMBER: 08174614 (England and Wales)






ELLIOTT MORTLOCK BUSBY & CO LIMITED (REGISTERED NUMBER: 08174614)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 6,963 10,296
6,963 10,296

CURRENT ASSETS
Debtors 7 230,287 212,625
Cash at bank 211,462 286,654
441,749 499,279
CREDITORS
Amounts falling due within one year 8 83,424 116,458
NET CURRENT ASSETS 358,325 382,821
TOTAL ASSETS LESS CURRENT
LIABILITIES

365,288

393,117

PROVISIONS FOR LIABILITIES 9 1,140 1,537
NET ASSETS 364,148 391,580

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 364,048 391,480
SHAREHOLDERS' FUNDS 364,148 391,580

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

ELLIOTT MORTLOCK BUSBY & CO LIMITED (REGISTERED NUMBER: 08174614)

BALANCE SHEET - continued
31 JANUARY 2024


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 7 August 2024 and were signed on its behalf by:





Mr A R Wenden - Director


ELLIOTT MORTLOCK BUSBY & CO LIMITED (REGISTERED NUMBER: 08174614)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Elliott Mortlock Busby & Co Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax.

The company recognises revenue when:
The amount of revenue can be reliably measured,
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 20% straight line basis
Equipment - 25% straight line basis
Plant and machinery - 25% on reducing balance

Taxation
Taxation represents the sum of tax currently payable and deferred tax.

The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

ELLIOTT MORTLOCK BUSBY & CO LIMITED (REGISTERED NUMBER: 08174614)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

3. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates three defined contribution pension schemes. Contributions payable to the company's pension schemes are charged to profit or loss in the period to which they relate.

Operating leases
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 13 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 460,000
AMORTISATION
At 1 February 2023
and 31 January 2024 460,000
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

6. TANGIBLE FIXED ASSETS
Freehold Plant and
property Equipment machinery Totals
£    £    £    £   
COST
At 1 February 2023 7,223 51,700 1,318 60,241
Additions - 2,278 - 2,278
Disposals - - (1,318 ) (1,318 )
At 31 January 2024 7,223 53,978 - 61,201
DEPRECIATION
At 1 February 2023 4,316 45,073 556 49,945
Charge for year 898 3,951 111 4,960
Eliminated on disposal - - (667 ) (667 )
At 31 January 2024 5,214 49,024 - 54,238
NET BOOK VALUE
At 31 January 2024 2,009 4,954 - 6,963
At 31 January 2023 2,907 6,627 762 10,296

ELLIOTT MORTLOCK BUSBY & CO LIMITED (REGISTERED NUMBER: 08174614)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 224,960 204,077
Other debtors 5,327 8,548
230,287 212,625

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 20,935 34,942
Social security and other taxes 58,083 58,290
Other creditors 3,174 22,677
Directors' current accounts 1,232 549
83,424 116,458

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,140 1,537

Deferred
tax
£   
Balance at 1 February 2023 1,537
Credit to Income Statement during year (397 )
Balance at 31 January 2024 1,140

The provision for deferred taxation is made up of accelerated capital allowances.

10. PENSION COMMITMENTS

The company operates three defined contribution pension schemes. The assets of the schemes are held separately from those of the company in independently administered funds. At the balance sheet date there were £449 unpaid contributions (2023: £371).

ELLIOTT MORTLOCK BUSBY & CO LIMITED (REGISTERED NUMBER: 08174614)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

11. COMMITMENTS, GUARANTEES AND CONTINGENCIES

The Company has a total commitments, guarantees and contingencies as at year end 2024 of £75,276 (2023: £94,769

Included in the above are minimum lease payments under non-cancellable operating leases, falling due as follows:

20242023
££
Within one year32,18828,177
Between one and five years43,08866,592
In more than five years--
75,27694,769

12. RELATED PARTY DISCLOSURES

During the year rent of £18,000 (2023: £18,000) was paid to the directors in respect of a property owned personally by them. This rent charge was at full market value.