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Company Registration No. 05551399 (England and Wales)
Elise Projects Ltd Unaudited accounts for the year ended 30 September 2024
Elise Projects Ltd Unaudited accounts Contents
Page
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Elise Projects Ltd Company Information for the year ended 30 September 2024
Directors
ADAM FOORD JAMES ADAMS
Company Number
05551399 (England and Wales)
Registered Office
Unit 2 Pixash Works Pixash Lane Keynsham, Somerset Bristol BS31 1TR United Kingdom
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Elise Projects Ltd Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
93,053 
98,899 
Current assets
Inventories
25,302 
23,308 
Debtors
248,425 
237,056 
Cash at bank and in hand
41,822 
73,309 
315,549 
333,673 
Creditors: amounts falling due within one year
(173,015)
(134,268)
Net current assets
142,534 
199,405 
Total assets less current liabilities
235,587 
298,304 
Creditors: amounts falling due after more than one year
(12,250)
(43,510)
Provisions for liabilities
Deferred tax
(15,657)
(16,768)
Other provisions
35,000 
- 
19,343 
(16,768)
Net assets
242,680 
238,026 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
242,580 
237,926 
Shareholders' funds
242,680 
238,026 
For the year ending 30 September 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 directors acknowledge their 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 of Directors and authorised for issue on 4 January 2025 and were signed on its behalf by
ADAM FOORD Director Company Registration No. 05551399
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Elise Projects Ltd Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Elise Projects Ltd is a private company, limited by shares, registered in England and Wales, registration number 05551399. The registered office is Unit 2 Pixash Works, Pixash Lane , Keynsham, Somerset, Bristol, BS31 1TR, United Kingdom.
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.
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
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Hire Purchase Contracts
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Stocks and work in progress
Stocks and work in progress have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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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Elise Projects Ltd Notes to the Accounts for the year ended 30 September 2024
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 October 2023
300,295 
138,614 
12,697 
6,948 
458,554 
Additions
1,951 
28,500 
- 
355 
30,806 
Disposals
- 
(36,250)
- 
(5,032)
(41,282)
At 30 September 2024
302,246 
130,864 
12,697 
2,271 
448,078 
Depreciation
At 1 October 2023
245,507 
106,090 
2,034 
6,024 
359,655 
Charge for the year
14,185 
13,105 
3 
757 
28,050 
On disposals
- 
(27,648)
- 
(5,032)
(32,680)
At 30 September 2024
259,692 
91,547 
2,037 
1,749 
355,025 
Net book value
At 30 September 2024
42,554 
39,317 
10,660 
522 
93,053 
At 30 September 2023
54,788 
32,524 
10,663 
924 
98,899 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
208,410 
186,146 
Accrued income and prepayments
2,773 
7,668 
Other debtors
625 
625 
211,808 
194,439 
Amounts falling due after more than one year
Other debtors
36,617 
42,617 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
21,000 
21,000 
VAT
50,414 
37,308 
Obligations under finance leases and hire purchase contracts
10,260 
11,193 
Trade creditors
38,414 
47,353 
Taxes and social security
33,475 
4,800 
Other creditors
2,450 
3,486 
Accruals
9,202 
9,128 
Deferred income
7,800 
- 
173,015 
134,268 
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Elise Projects Ltd Notes to the Accounts for the year ended 30 September 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
12,250 
33,250 
Obligations under finance leases and hire purchase contracts
- 
10,260 
12,250 
43,510 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Controlling party
Elise Holdings Ltd, Unit 2 Pixash Works, Pixash Lane, Keynsham, BS31 1TR
10
Average number of employees
During the year the average number of employees was 10 (2023: 10).
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