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Company Registration No. 13434195 (England and Wales)
ELSIEPAVE LTD Unaudited accounts for the year ended 30 June 2024
ELSIEPAVE LTD Unaudited accounts Contents
Page
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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
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ELSIEPAVE LTD Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
20,508 
18,699 
Current assets
Debtors
44,754 
16,371 
Cash at bank and in hand
2,880 
36,345 
47,634 
52,716 
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)
Net assets
21,167 
35,189 
Capital and reserves
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
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ELSIEPAVE LTD Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 taxation
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.
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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 
Additions
- 
6,935 
- 
6,935 
At 30 June 2024
5,800 
25,935 
1,773 
33,508 
Depreciation
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 
Net book value
At 30 June 2024
2,970 
16,492 
1,046 
20,508 
At 30 June 2023
3,712 
13,680 
1,307 
18,699 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,631 
1,675 
Trade debtors
13,745 
8,208 
Other debtors
29,378 
6,488 
44,754 
16,371 
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 
Accruals
720 
720 
Deferred income
29,378 
6,488 
45,432 
35,027 
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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 
2024 
2023 
£ 
£ 
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.
8
Share capital
2024 
2023 
£ 
£ 
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).
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