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REGISTERED NUMBER: 01843368 (England and Wales)















ERIC ELLIOTT TRANSPORT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






ERIC ELLIOTT TRANSPORT LIMITED (REGISTERED NUMBER: 01843368)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


ERIC ELLIOTT TRANSPORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: E D Elliott
P W Screaton
Mrs C Elliott





REGISTERED OFFICE: 3 Castlegate
Grantham
Lincolnshire
NG31 6SF





BUSINESS ADDRESS: Hill Road
Gotham
Nottingham
Nottinghamshire
NG11 0LD





REGISTERED NUMBER: 01843368 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
3 Castlegate
Grantham
Lincolnshire
NG31 6SF

ERIC ELLIOTT TRANSPORT LIMITED (REGISTERED NUMBER: 01843368)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 374,449 494,514
Investments 5 1,000 1,000
375,449 495,514

CURRENT ASSETS
Stocks 26,895 29,393
Debtors 6 279,982 351,000
Cash at bank 917,738 982,446
1,224,615 1,362,839
CREDITORS
Amounts falling due within one year 7 439,632 590,078
NET CURRENT ASSETS 784,983 772,761
TOTAL ASSETS LESS CURRENT LIABILITIES 1,160,432 1,268,275

PROVISIONS FOR LIABILITIES 115,878 146,864
NET ASSETS 1,044,554 1,121,411

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 1,044,454 1,121,311
SHAREHOLDERS' FUNDS 1,044,554 1,121,411

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 22 January 2025 and were signed on its behalf by:




E D Elliott - Director


ERIC ELLIOTT TRANSPORT LIMITED (REGISTERED NUMBER: 01843368)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Eric Elliott Transport 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. 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 represents net invoiced sales of haulage services, excluding value added tax. Revenue is recognised in the period in which services are rendered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings-Land - nil, buildings - 6.7%
Plant and machinery etc-25% on reducing balance
-25% on cost and
-33.33% on cost

Stocks
Stocks are valued at the lower of cost and fair value less costs to sell, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Fixed asset investments
Fixed asset investments are valued at cost.

Basic farm payment
The Basic Farm Payment is recognised in the financial statements in accordance with H M Revenue & Customs guidance.

ERIC ELLIOTT TRANSPORT LIMITED (REGISTERED NUMBER: 01843368)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 158,835 1,542,480 1,701,315
Additions - 83,977 83,977
At 30 April 2024 158,835 1,626,457 1,785,292
DEPRECIATION
At 1 May 2023 100,501 1,106,300 1,206,801
Charge for year - 204,042 204,042
At 30 April 2024 100,501 1,310,342 1,410,843
NET BOOK VALUE
At 30 April 2024 58,334 316,115 374,449
At 30 April 2023 58,334 436,180 494,514

Included in cost of land and buildings is freehold land of £ 58,332 (2023 - £ 58,332 ) which is not depreciated.

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2023
and 30 April 2024 1,000
NET BOOK VALUE
At 30 April 2024 1,000
At 30 April 2023 1,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 201,852 274,381
Other debtors and prepayments 78,130 76,619
279,982 351,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 187,274 181,506
Taxation 50,250 38,074
Other taxes and social security 51,780 69,908
Directors' loan accounts 142,914 295,555
Accruals and deferred income 7,414 5,035
439,632 590,078

ERIC ELLIOTT TRANSPORT LIMITED (REGISTERED NUMBER: 01843368)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100