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Elga Associates Limited

Registered Number
04453789
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

Elga Associates Limited
Company Information
for the year from 1 July 2023 to 30 June 2024

Directors

Tobias Stephen Codlin
Karensa Stuckey
Eleanor Kathleen Codlin

Company Secretary

Tobias Stephen Codlin

Registered Address

56 Oving Road
Chichester
PO19 7EN

Registered Number

04453789 (England and Wales)
Elga Associates Limited
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets38681,085
8681,085
Current assets
Stocks1,7952,234
Debtors5,0635,136
Cash at bank and on hand170560
7,0287,930
Creditors amounts falling due within one year(6,555)(8,704)
Net current assets (liabilities)473(774)
Total assets less current liabilities1,341311
Provisions for liabilities(165)(206)
Net assets1,176105
Capital and reserves
Called up share capital11
Profit and loss account1,175104
Shareholders' funds1,176105
The financial statements were approved and authorised for issue by the Board of Directors on 20 February 2025, and are signed on its behalf by:
Tobias Stephen Codlin
Director
Registered Company No. 04453789
Elga Associates Limited
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment5
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 July 232,182
At 30 June 242,182
Depreciation and impairment
At 01 July 231,097
Charge for year217
At 30 June 241,314
Net book value
At 30 June 24868
At 30 June 231,085
4.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
Tobias Stephen Codlin5,13633,62533,6985,063
5,13633,62533,6985,063