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REGISTERED NUMBER: 09184248 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Elck Limited

Elck Limited (Registered number: 09184248)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Elck Limited (Registered number: 09184248)

Statement of Financial Position
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 107,191 131,389
107,191 131,389

CURRENT ASSETS
Stocks 11,275 11,275
Debtors 6 119,780 56,114
Cash at bank 342,482 315,643
473,537 383,032
CREDITORS
Amounts falling due within one year 7 116,262 108,158
NET CURRENT ASSETS 357,275 274,874
TOTAL ASSETS LESS CURRENT
LIABILITIES

464,466

406,263

CREDITORS
Amounts falling due after more than one year 8 (277,194 ) (311,250 )

PROVISIONS FOR LIABILITIES (20,199 ) (24,796 )
NET ASSETS 167,073 70,217

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 167,071 70,215
SHAREHOLDERS' FUNDS 167,073 70,217

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Elck Limited (Registered number: 09184248)

Statement of Financial Position - continued
31 August 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 May 2025 and were signed by:





Dr E L Arnold-Coker - Director


Elck Limited (Registered number: 09184248)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Elck Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09184248

Registered office: 83 Blackwood Road
Streetly
Sutton Coldfield
West Midlands
B74 3PW

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of four years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 25% on cost and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Elck Limited (Registered number: 09184248)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 226,739
AMORTISATION
At 1 September 2023
and 31 August 2024 226,739
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 310,276
Additions 9,150
At 31 August 2024 319,426
DEPRECIATION
At 1 September 2023 178,887
Charge for year 33,348
At 31 August 2024 212,235
NET BOOK VALUE
At 31 August 2024 107,191
At 31 August 2023 131,389

Elck Limited (Registered number: 09184248)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 178,734
DEPRECIATION
At 1 September 2023 118,987
Charge for year 14,937
At 31 August 2024 133,924
NET BOOK VALUE
At 31 August 2024 44,810
At 31 August 2023 59,747

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 32,540 26,005
Other debtors 87,240 30,109
119,780 56,114

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 10,289 10,035
Hire purchase contracts 21,229 19,195
Trade creditors 4,150 4,474
Taxation and social security 66,721 38,595
Other creditors 13,873 35,859
116,262 108,158

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans 8,773 19,062
Hire purchase contracts 35,421 59,188
Other creditors 233,000 233,000
277,194 311,250

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 233,000 233,000

Elck Limited (Registered number: 09184248)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end the directors loan account was £85,548 overdrawn. (2023: £13,796 in credit)

10. RELATED PARTY DISCLOSURES

Other loans of £233,000 relate to Tormead Property Investment Limited, a company owned by the directors father. The loan is interest free. The loan is not repayable on demand but is repayable on the date of any future sale of the Business.