IRIS Accounts Production v24.3.0.553 SC580258 director 1.4.23 31.3.24 31.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5802582023-03-31SC5802582024-03-31SC5802582023-04-012024-03-31SC5802582022-03-31SC5802582022-04-012023-03-31SC5802582023-03-31SC580258ns15:Scotland2023-04-012024-03-31SC580258ns14:PoundSterling2023-04-012024-03-31SC580258ns10:Director12023-04-012024-03-31SC580258ns10:PrivateLimitedCompanyLtd2023-04-012024-03-31SC580258ns10:SmallEntities2023-04-012024-03-31SC580258ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31SC580258ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-31SC580258ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC580258ns10:FullAccounts2023-04-012024-03-31SC58025812023-04-012024-03-31SC580258ns10:RegisteredOffice2023-04-012024-03-31SC580258ns5:CurrentFinancialInstruments2024-03-31SC580258ns5:CurrentFinancialInstruments2023-03-31SC580258ns5:Non-currentFinancialInstruments2024-03-31SC580258ns5:Non-currentFinancialInstruments2023-03-31SC580258ns5:ShareCapital2024-03-31SC580258ns5:ShareCapital2023-03-31SC580258ns5:RetainedEarningsAccumulatedLosses2024-03-31SC580258ns5:RetainedEarningsAccumulatedLosses2023-03-31SC580258ns5:NetGoodwill2023-04-012024-03-31SC580258ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-31SC580258ns5:PlantMachinery2023-04-012024-03-31SC580258ns5:NetGoodwill2023-03-31SC580258ns5:NetGoodwill2024-03-31SC580258ns5:NetGoodwill2023-03-31SC580258ns5:PlantMachinery2023-03-31SC580258ns5:PlantMachinery2024-03-31SC580258ns5:PlantMachinery2023-03-31SC580258ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-31SC580258ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: SC580258 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Elb Care Ltd

Elb Care Ltd (Registered number: SC580258)






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


Elb Care Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: P B Armstrong





REGISTERED OFFICE: Mirren Court (Three)
123 Renfrew Road
Paisley
PA3 4EA





REGISTERED NUMBER: SC580258 (Scotland)





ACCOUNTANTS: Key Professional Partnership Ltd
Unit 3
Morris Park
37 Rosyth Road
Glasgow
G5 0YE

Elb Care Ltd (Registered number: SC580258)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 4,292 5,362
4,292 5,362

CURRENT ASSETS
Debtors 6 86,406 85,273
Cash at bank 246,915 205,776
333,321 291,049
CREDITORS
Amounts falling due within one year 7 166,767 183,185
NET CURRENT ASSETS 166,554 107,864
TOTAL ASSETS LESS CURRENT
LIABILITIES

170,846

113,226

CREDITORS
Amounts falling due after more than one
year

8

42,580

62,038
NET ASSETS 128,266 51,188

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 128,166 51,088
128,266 51,188

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 director acknowledges his 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.

Elb Care Ltd (Registered number: SC580258)

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 by the director and authorised for issue on 23 September 2024 and were signed by:





P B Armstrong - Director


Elb Care Ltd (Registered number: SC580258)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Elb Care Ltd is a private company, limited by shares , registered in Scotland. 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 0, is being amortised evenly over its estimated useful life of nil 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 each asset over its estimated useful life.
Plant and machinery etc - 25% 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Elb Care Ltd (Registered number: SC580258)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 53 (2023 - 55 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 47,400
AMORTISATION
At 1 April 2023
and 31 March 2024 47,400
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 12,297
Additions 360
At 31 March 2024 12,657
DEPRECIATION
At 1 April 2023 6,935
Charge for year 1,430
At 31 March 2024 8,365
NET BOOK VALUE
At 31 March 2024 4,292
At 31 March 2023 5,362

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 86,406 85,177
Other debtors - 96
86,406 85,273

Elb Care Ltd (Registered number: SC580258)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 17,535 15,613
Trade creditors - 912
Taxation and social security 39,999 43,052
Other creditors 109,233 123,608
166,767 183,185

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 42,580 62,038

9. FINANCIAL INSTRUMENTS

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-putative ordinary shares.

Debt instruments (other than those wholly repayable or receivable within ore year), including loans and other
accounts receivable end payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective Interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amountof the cash or other consideration expected to be paid or received. However, if the arrangement's of a short-term Instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flowdiscounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period forobjective evidence ot impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement or Income and Retained Earnings.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount end the present value of estimated cash flows discounted at the asset's original erective interest rate. if a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate or the recoverable amount, which is an approximation of the amoun that the company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an
enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.