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REGISTERED NUMBER: 08620655 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

ELEVATION BEDFORD LIMITED

ELEVATION BEDFORD LIMITED (REGISTERED NUMBER: 08620655)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELEVATION BEDFORD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: P Thomas
M S Thomas
P Lightfoot
G A Ward
H Barker





SECRETARY: P Thomas





REGISTERED OFFICE: Church View Chambers
38 Market Square
Toddington
Bedfordshire
LU5 6BS





REGISTERED NUMBER: 08620655 (England and Wales)





ACCOUNTANTS: Landers Accountants Ltd
Church View Chambers
38 Market Square
Toddington
Bedfordshire
LU5 6BS

ELEVATION BEDFORD LIMITED (REGISTERED NUMBER: 08620655)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 60,000 75,000
Tangible assets 5 11,369 10,363
71,369 85,363

CURRENT ASSETS
Debtors 6 204,912 217,898
Cash at bank 8,689 3,189
213,601 221,087
CREDITORS
Amounts falling due within one year 7 303,923 250,764
NET CURRENT LIABILITIES (90,322 ) (29,677 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(18,953

)

55,686

PROVISIONS FOR LIABILITIES 942 663
NET (LIABILITIES)/ASSETS (19,895 ) 55,023

CAPITAL AND RESERVES
Called up share capital 102 100
Retained earnings (19,997 ) 54,923
SHAREHOLDERS' FUNDS (19,895 ) 55,023

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

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

ELEVATION BEDFORD LIMITED (REGISTERED NUMBER: 08620655)

BALANCE SHEET - continued
31 MARCH 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 and authorised for issue by the Board of Directors and authorised for issue on 10 July 2024 and were signed on its behalf by:





P Thomas - Director


ELEVATION BEDFORD LIMITED (REGISTERED NUMBER: 08620655)

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

1. STATUTORY INFORMATION

Elevation Bedford 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 33% on reducing balance
Computer equipment - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


ELEVATION BEDFORD LIMITED (REGISTERED NUMBER: 08620655)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 219,000
AMORTISATION
At 1 April 2023 144,000
Charge for year 15,000
At 31 March 2024 159,000
NET BOOK VALUE
At 31 March 2024 60,000
At 31 March 2023 75,000

ELEVATION BEDFORD LIMITED (REGISTERED NUMBER: 08620655)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 9,193 6,554 7,000 15,467 38,214
Additions 2,655 254 - - 2,909
At 31 March 2024 11,848 6,808 7,000 15,467 41,123
DEPRECIATION
At 1 April 2023 7,123 4,692 6,858 9,178 27,851
Charge for year 609 303 47 944 1,903
At 31 March 2024 7,732 4,995 6,905 10,122 29,754
NET BOOK VALUE
At 31 March 2024 4,116 1,813 95 5,345 11,369
At 31 March 2023 2,070 1,862 142 6,289 10,363

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 79,253 50,803
Amounts owed by group undertakings 92,500 92,500
Other debtors 33,159 74,595
204,912 217,898

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 13,645 13,915
Trade creditors 219,072 93,420
Amounts owed to group undertakings 3,966 33,966
Taxation and social security 18,198 34,270
Other creditors 49,042 75,193
303,923 250,764

ELEVATION BEDFORD LIMITED (REGISTERED NUMBER: 08620655)

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

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 8,272 14,066
Between one and five years 6,616 14,888
14,888 28,954

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Director 1 and Director 2
Balance outstanding at start of year 8 20,380
Amounts advanced 6,116 42,857
Amounts repaid (8 ) (63,229 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,116 8

Monies owed have been repaid within nine months of the year end. No interest has been charged on amounts outstanding during the year.