Registered number
15438635
Elliott & Morgan Ltd
Filleted Accounts
31 March 2025
Elliott & Morgan Ltd
Registered number: 15438635
Balance Sheet
as at 31 March 2025
Notes 2025
£
Fixed assets
Intangible assets 3 4,500
Tangible assets 4 2,500
7,000
Current assets
Cash at bank and in hand 7,962
Creditors: amounts falling due within one year 5 (3,272)
Net current assets 4,690
Net assets 11,690
Capital and reserves
Called up share capital 2
Profit and loss account 11,688
Shareholders' funds 11,690
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
T E Crutchley
Director
Approved by the board on 30 April 2025
Elliott & Morgan Ltd
Notes to the Accounts
for the period from 24 January 2024 to 31 March 2025
1 Accounting policies
Turnover
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2025
Number
Average number of persons employed by the company 2
3 Intangible fixed assets £
Goodwill:
Cost
Additions 6,000
At 31 March 2025 6,000
Amortisation
Provided during the period 1,500
At 31 March 2025 1,500
Net book value
At 31 March 2025 4,500
Goodwill is being written off in equal annual instalments over its estimated economic life of 4 years.
4 Tangible fixed assets
Plant and machinery
£
Cost
Additions 3,334
At 31 March 2025 3,334
Depreciation
Charge for the period 834
At 31 March 2025 834
Net book value
At 31 March 2025 2,500
5 Creditors: amounts falling due within one year 2025
£
Taxation and social security costs 172
Other creditors 3,100
3,272
6 Other information
Elliott & Morgan Ltd is a private company limited by shares and incorporated in England. Its registered office is:
28 Bowthorpe Drive
Brockworth
Glos
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