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REGISTERED NUMBER: 11273260 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Elliot Medical Services Limited

Elliot Medical Services Limited (Registered number: 11273260)






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


Elliot Medical Services Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr R R Elliot
Mrs V Elliot





REGISTERED OFFICE: Solent House
107a Alma Road
Southampton
SO14 6UY





REGISTERED NUMBER: 11273260 (England and Wales)





ACCOUNTANTS: Thomas Croft Limited
Accountants And Taxation Consultants
Solent House
107a Alma Road
Portswood
Southampton
Hampshire
SO14 6UY

Elliot Medical Services Limited (Registered number: 11273260)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 40,171 54,143
40,171 54,143

CURRENT ASSETS
Debtors 6 33,662 19,022
Cash at bank 478,624 369,252
512,286 388,274
CREDITORS
Amounts falling due within one year 7 84,349 35,608
NET CURRENT ASSETS 427,937 352,666
TOTAL ASSETS LESS CURRENT
LIABILITIES

468,108

406,809

CREDITORS
Amounts falling due after more than one
year

8

32,853

35,891
NET ASSETS 435,255 370,918

Elliot Medical Services Limited (Registered number: 11273260)

Balance Sheet - continued
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 10 435,254 370,917
SHAREHOLDERS' FUNDS 435,255 370,918

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.

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 3 December 2024 and were signed on its behalf by:





Mr R R Elliot - Director


Elliot Medical Services Limited (Registered number: 11273260)

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

1. STATUTORY INFORMATION

Elliot Medical Services 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 2018, 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 each asset over its estimated useful life.
Equipment and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

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.

Elliot Medical Services Limited (Registered number: 11273260)

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

2. ACCOUNTING POLICIES - continued

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 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023 50,000
Disposals (50,000 )
At 31 March 2024 -
AMORTISATION
At 1 April 2023 50,000
Eliminated on disposal (50,000 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Elliot Medical Services Limited (Registered number: 11273260)

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

5. TANGIBLE FIXED ASSETS
Equipment
and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 14,217 51,234 3,531 68,982
DEPRECIATION
At 1 April 2023 9,951 4,269 619 14,839
Charge for year 1,066 11,741 1,165 13,972
At 31 March 2024 11,017 16,010 1,784 28,811
NET BOOK VALUE
At 31 March 2024 3,200 35,224 1,747 40,171
At 31 March 2023 4,266 46,965 2,912 54,143

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 23,420 11,917
Prepayments 10,242 7,105
33,662 19,022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 987 571
Corporation tax 63,260 32,522
Social security and other taxes 147 116
Other creditors 174 -
Directors' current accounts 17,397 149
Accrued expenses 2,384 2,250
84,349 35,608

Elliot Medical Services Limited (Registered number: 11273260)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 32,853 35,891

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
75 Ordinary A £0.01 1 1
25 Ordinary B £0.01 - -
1 1

10. RESERVES
Retained
earnings
£   

At 1 April 2023 370,917
Profit for the year 175,085
Dividends (110,748 )
At 31 March 2024 435,254

11. 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
£    £   
Mr R R Elliot
Balance outstanding at start of year (70 ) (15,983 )
Amounts advanced 163 58,651
Amounts repaid (15,320 ) (42,738 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (15,227 ) (70 )

Elliot Medical Services Limited (Registered number: 11273260)

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

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mrs V Elliot
Balance outstanding at start of year (80 ) (44 )
Amounts advanced - 24,743
Amounts repaid (2,092 ) (24,779 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,172 ) (80 )

12. RELATED PARTY DISCLOSURES

The company was under the control of Dr R R and Dr V Elliot throughout the current period. Dr R R is a managing director and majority shareholder.

No transactions with related parties were undertaken such as are required to be disclosed under Section 1a (Small Entities) for Financial Reporting Standard 102.