Company Registration No. 12331567 (England and Wales)
Elgie Group Ltd
Unaudited accounts
for the year ended 29 February 2024
Elgie Group Ltd
Unaudited accounts
Contents
Elgie Group Ltd
Company Information
for the year ended 29 February 2024
Directors
Samuel Robert Elgie
Patrica Helen PEGG
Company Number
12331567 (England and Wales)
Registered Office
UNIT 2 BURLEY HOUSE
ROWDITCH PLACE
DERBY
DE22 3LR
ENGLAND
Elgie Group Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
67,638
5,638
Debtors
1,751,492
1,297,418
Cash at bank and in hand
59,623
151,095
Creditors: amounts falling due within one year
(279,367)
(331,576)
Net current assets
1,531,748
1,116,937
Total assets less current liabilities
1,609,701
1,122,890
Creditors: amounts falling due after more than one year
(1,590,258)
(1,072,870)
Called up share capital
1
1
Profit and loss account
19,442
50,019
Shareholders' funds
19,443
50,020
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by
Samuel Robert Elgie
Director
Company Registration No. 12331567
Elgie Group Ltd
Notes to the Accounts
for the year ended 29 February 2024
Elgie Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 12331567. The registered office is UNIT 2 BURLEY HOUSE, ROWDITCH PLACE, DERBY, DE22 3LR, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2023
-
8,457
8,457
At 29 February 2024
62,000
8,457
70,457
At 1 March 2023
-
2,819
2,819
At 29 February 2024
-
2,819
2,819
At 29 February 2024
62,000
5,638
67,638
At 28 February 2023
-
5,638
5,638
5
Investments
Other investments
Valuation at 1 March 2023
315
Valuation at 29 February 2024
10,315
Elgie Group Ltd
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Other debtors
1,751,492
1,297,418
7
Creditors: amounts falling due within one year
2024
2023
Other creditors
38,717
32,514
Loans from directors
240,650
297,285
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
41,887
-
Other creditors
1,548,371
1,072,870
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).