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REGISTERED NUMBER: 10540261 (England and Wales)















ELLIOT SIMPSON LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2024






ELLIOT SIMPSON LTD (REGISTERED NUMBER: 10540261)

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










Page

Balance Sheet 1 to 2

Notes to the Financial Statements 3 to 6


ELLIOT SIMPSON LTD (REGISTERED NUMBER: 10540261)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 302 440
Tangible assets 5 48,116 49,305
Investments 6 440 -
48,858 49,745

CURRENT ASSETS
Stocks 2,500 1,500
Debtors 7 9,651 3,255
Cash at bank 57 222
12,208 4,977
CREDITORS
Amounts falling due within one year 8 (16,965 ) (11,063 )
NET CURRENT LIABILITIES (4,757 ) (6,086 )
TOTAL ASSETS LESS CURRENT LIABILITIES 44,101 43,659

PROVISIONS FOR LIABILITIES (7,717 ) (8,400 )
NET ASSETS 36,384 35,259

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 36,284 35,159
36,384 35,259

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.

ELLIOT SIMPSON LTD (REGISTERED NUMBER: 10540261)

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 Board of Directors and authorised for issue on 25 February 2025 and were signed on its behalf by:




I C Simpson - Director



E J Simpson - Director


ELLIOT SIMPSON LTD (REGISTERED NUMBER: 10540261)

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


1. STATUTORY INFORMATION

Elliot Simpson Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10540261

Registered office: Town Wall House
Balkerne Hill
Colchester
Essex
CO3 3AD

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

Intangible fixed assets
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Patents and Licences - 10% straight line method

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset to its residual value over its estimated useful life.
Equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

ELLIOT SIMPSON LTD (REGISTERED NUMBER: 10540261)

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


2. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial instruments are recognised at amortised 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

ELLIOT SIMPSON LTD (REGISTERED NUMBER: 10540261)

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


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 1,100
AMORTISATION
At 1 April 2023 660
Charge for year 138
At 31 March 2024 798
NET BOOK VALUE
At 31 March 2024 302
At 31 March 2023 440

5. TANGIBLE FIXED ASSETS
Motor
Equipment vehicles Totals
£    £    £   
COST
At 1 April 2023 30,425 32,771 63,196
Additions 5,936 - 5,936
Disposals (2,821 ) - (2,821 )
At 31 March 2024 33,540 32,771 66,311
DEPRECIATION
At 1 April 2023 13,198 693 13,891
Charge for year 5,318 665 5,983
Eliminated on disposal (1,679 ) - (1,679 )
At 31 March 2024 16,837 1,358 18,195
NET BOOK VALUE
At 31 March 2024 16,703 31,413 48,116
At 31 March 2023 17,227 32,078 49,305

ELLIOT SIMPSON LTD (REGISTERED NUMBER: 10540261)

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


6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 440
At 31 March 2024 440
NET BOOK VALUE
At 31 March 2024 440

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,800 2,805
Prepayments and accrued income 1,851 450
9,651 3,255

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 16,365 10,763
Accruals and deferred income 600 300
16,965 11,063