Company Registration No. 13434195 (England and Wales)
ELSIEPAVE LTD
Unaudited accounts
for the year ended 30 June 2024
ELSIEPAVE LTD
Unaudited accounts
Contents
ELSIEPAVE LTD
Company Information
for the year ended 30 June 2024
Director
Patrick Bryan Fehily
Company Number
13434195 (England and Wales)
Registered Office
112 - 113 High Street
LINCOLN
LN5 7PY
ENGLAND
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA
Templar Accounting & Business Support
Services Limited (Incorp: Blake and Co )
112 - 113 High Street,
Lincoln, Lincolnshire
LN5 7PY
ELSIEPAVE LTD
Statement of financial position
as at 30 June 2024
Tangible assets
20,508
18,699
Cash at bank and in hand
2,880
36,345
Creditors: amounts falling due within one year
(45,432)
(35,027)
Net current assets
2,202
17,689
Total assets less current liabilities
22,710
36,388
Provisions for liabilities
Deferred tax
(1,543)
(1,199)
Called up share capital
1
1
Profit and loss account
21,166
35,188
Shareholders' funds
21,167
35,189
For the year ending 30 June 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 director acknowledges his 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 and authorised for issue on 14 March 2025 and were signed on its behalf by
Patrick Bryan Fehily
Director
Company Registration No. 13434195
ELSIEPAVE LTD
Notes to the Accounts
for the year ended 30 June 2024
ELSIEPAVE LTD is a private company, limited by shares, registered in England and Wales, registration number 13434195. The registered office is 112 - 113 High Street, LINCOLN, LN5 7PY, 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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
20% Reducing balance
Motor vehicles
20% Reducing balance
Computer equipment
20% Reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
ELSIEPAVE LTD
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2023
5,800
19,000
1,773
26,573
At 30 June 2024
5,800
25,935
1,773
33,508
At 1 July 2023
2,088
5,320
466
7,874
Charge for the year
742
4,123
261
5,126
At 30 June 2024
2,830
9,443
727
13,000
At 30 June 2024
2,970
16,492
1,046
20,508
At 30 June 2023
3,712
13,680
1,307
18,699
Amounts falling due within one year
Trade debtors
13,745
8,208
Other debtors
29,378
6,488
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
8,880
12,802
Taxes and social security
1,762
9,951
Other creditors
4,397
4,415
Loans from directors
295
651
Deferred income
29,378
6,488
ELSIEPAVE LTD
Notes to the Accounts
for the year ended 30 June 2024
7
Deferred taxation
2024
2023
Accelerated capital allowances
1,543
1,199
Provision at start of year
1,199
2,431
Charged/(credited) to the profit and loss account
344
(1,232)
Provision at end of year
1,543
1,199
The deferred taxation reserve of some £1,543 has been created due to accelerated capital allowances.
These reserves will reverse in future periods creating a tax liability at the prevailing rate on the day.
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).