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Registered number: 13939440
Elrox Ltd
Financial Statements
For The Year Ended 28 February 2025
DJ Coulter & Associates Limited
Chartered Certified Accountants
Wellesley House
7 Clarence Parade
Cheltenham
GL50 3NY
Contents
Page
Company Information 1
Accountants' Report 2
Balance Sheet 3—4
Notes to the Financial Statements 5—7
Page 1
Company Information
Directors Mrs Sasha Somer
Mr Robert Somer
Company Number 13939440
Registered Office Hollingshead Farm
Holt Heath
Worcester
WR6 6TA
Business Hollingshead Farm
Holt Heath
Worcester
WR6 6TA
Accountants DJ Coulter & Associates Limited
Chartered Certified Accountants
Wellesley House
7 Clarence Parade
Cheltenham
GL50 3NY
Bankers Virgin Money
30 St Vincent Place
Glasgow
G1 2HL
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Page 2
Accountants' Report
Report to the directors on the preparation of the unaudited statutory accounts of Elrox Ltd for the year ended 28 February 2025
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Elrox Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Elrox Ltd , as a body, in accordance with the terms of our engagement letter dated 02 March 2022. Our work has been undertaken solely to prepare for your approval the accounts of Elrox Ltd and state those matters that we have agreed to state to the directors of Elrox Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Elrox Ltd and its directors as a body for our work or for this report.
It is your duty to ensure that Elrox Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Elrox Ltd . You consider that Elrox Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Elrox Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
9th May 2025
DJ Coulter & Associates Limited
Chartered Certified Accountants
Wellesley House
7 Clarence Parade
Cheltenham
GL50 3NY
Page 2
Page 3
Balance Sheet
Registered number: 13939440
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,252 9,033
10,252 9,033
CURRENT ASSETS
Debtors 5 204 6,211
Cash at bank and in hand 1,069 12,718
1,273 18,929
Creditors: Amounts Falling Due Within One Year 6 (16,677 ) (21,963 )
NET CURRENT ASSETS (LIABILITIES) (15,404 ) (3,034 )
TOTAL ASSETS LESS CURRENT LIABILITIES (5,152 ) 5,999
NET (LIABILITIES)/ASSETS (5,152 ) 5,999
CAPITAL AND RESERVES
Called up share capital 7 60 60
Profit and Loss Account (5,212 ) 5,939
SHAREHOLDERS' FUNDS (5,152) 5,999
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For the year ending 28 February 2025 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Robert Somer
Director
9th May 2025
The notes on pages 5 to 7 form part of these financial statements.
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Page 5
Notes to the Financial Statements
1. General Information
Elrox Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13939440 . The registered office is Hollingshead Farm, Holt Heath, Worcester, WR6 6TA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
Computer Equipment 25% Reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax is recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current tax is recognised in other comprehensive income or directly in equity respectively.
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 March 2024 6,881 4,681 11,562
Additions 3,667 3,194 6,861
Disposals (1,466 ) (3,373 ) (4,839 )
As at 28 February 2025 9,082 4,502 13,584
Depreciation
As at 1 March 2024 1,066 1,463 2,529
Provided during the period 1,872 651 2,523
Disposals (389 ) (1,331 ) (1,720 )
As at 28 February 2025 2,549 783 3,332
Net Book Value
As at 28 February 2025 6,533 3,719 10,252
As at 1 March 2024 5,815 3,218 9,033
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 5,790
Prepayments and accrued income 22 421
VAT 126 -
Other taxes and social security 56 -
204 6,211
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6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - 33
Other taxes and social security - 90
VAT - 3,571
Accruals and deferred income 535 994
Directors' loan accounts 16,142 17,275
16,677 21,963
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 60 60
8. Ultimate Controlling Party
The company's ultimate controlling party is Robert Somer & Sasha Somer by virtue of their ownership of 100% of the issued share capital in the company.
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