Elgin & Ellis Limited 08754100 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is that of construction services. Digita Accounts Production Advanced 6.30.9574.0 true true 08754100 2024-04-01 2025-03-31 08754100 2025-03-31 08754100 bus:Director1 1 2025-03-31 08754100 bus:Director2 1 2025-03-31 08754100 bus:OrdinaryShareClass1 2025-03-31 08754100 core:CurrentFinancialInstruments 2025-03-31 08754100 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 08754100 core:Non-currentFinancialInstruments 2025-03-31 08754100 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 08754100 core:FurnitureFittingsToolsEquipment 2025-03-31 08754100 core:MotorVehicles 2025-03-31 08754100 bus:SmallEntities 2024-04-01 2025-03-31 08754100 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 08754100 bus:FullAccounts 2024-04-01 2025-03-31 08754100 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08754100 bus:RegisteredOffice 2024-04-01 2025-03-31 08754100 bus:Director1 2024-04-01 2025-03-31 08754100 bus:Director1 1 2024-04-01 2025-03-31 08754100 bus:Director2 2024-04-01 2025-03-31 08754100 bus:Director2 1 2024-04-01 2025-03-31 08754100 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 08754100 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08754100 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 08754100 core:MotorVehicles 2024-04-01 2025-03-31 08754100 core:OfficeEquipment 2024-04-01 2025-03-31 08754100 core:Vehicles 2024-04-01 2025-03-31 08754100 countries:EnglandWales 2024-04-01 2025-03-31 08754100 2024-03-31 08754100 bus:Director1 1 2024-03-31 08754100 bus:Director2 1 2024-03-31 08754100 core:FurnitureFittingsToolsEquipment 2024-03-31 08754100 core:MotorVehicles 2024-03-31 08754100 2023-04-01 2024-03-31 08754100 2024-03-31 08754100 bus:Director1 1 2024-03-31 08754100 bus:Director2 1 2024-03-31 08754100 bus:OrdinaryShareClass1 2024-03-31 08754100 core:CurrentFinancialInstruments 2024-03-31 08754100 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 08754100 core:Non-currentFinancialInstruments 2024-03-31 08754100 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 08754100 core:FurnitureFittingsToolsEquipment 2024-03-31 08754100 core:MotorVehicles 2024-03-31 08754100 bus:Director1 1 2023-04-01 2024-03-31 08754100 bus:Director2 1 2023-04-01 2024-03-31 08754100 bus:Director1 1 2023-03-31 08754100 bus:Director2 1 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08754100

Elgin & Ellis Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Elgin & Ellis Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Elgin & Ellis Limited

Company Information

Director

Yuriy Dumych

Registered office

102 Fulham Palace Road
London
Greater London
W6 9PL

Accountants

Michaelides Warner & Co Limited
102 Fulham Palace Road
London
W6 9PL

 

Elgin & Ellis Limited

(Registration number: 08754100)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

42,714

14,660

Current assets

 

Debtors

5

237,228

35,944

Cash at bank and in hand

 

295,367

95,052

 

532,595

130,996

Creditors: Amounts falling due within one year

6

(170,058)

(44,480)

Net current assets

 

362,537

86,516

Total assets less current liabilities

 

405,251

101,176

Creditors: Amounts falling due after more than one year

6

(3,370)

(13,370)

Net assets

 

401,881

87,806

Capital and reserves

 

Called up share capital

7

10,000

10,000

Retained earnings

391,881

77,806

Shareholders' funds

 

401,881

87,806

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 5 June 2025
 

 

Elgin & Ellis Limited

(Registration number: 08754100)
Balance Sheet as at 31 March 2025

.........................................
Yuriy Dumych
Director

 

Elgin & Ellis Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
102 Fulham Palace Road
London
Greater London
W6 9PL
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Judgements

The directors consider that there are no key judgements that management have made in the process of applying the company’s accounting policies and that may have had a significant effect on the amounts recognised in the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Elgin & Ellis Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

4 years straight line

Motor vehicles

4 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Elgin & Ellis Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like investments, trade and other receivables, cash and bank balances, trade and other creditors.

Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or cash consolidation expected to be paid or received.

 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2024 - 3).

 

Elgin & Ellis Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2024

10,092

20,675

30,767

Additions

5,371

38,000

43,371

Disposals

(6,396)

(20,675)

(27,071)

At 31 March 2025

9,067

38,000

47,067

Depreciation

At 1 April 2024

7,837

8,270

16,107

Charge for the year

1,329

1,583

2,912

Eliminated on disposal

(6,396)

(8,270)

(14,666)

At 31 March 2025

2,770

1,583

4,353

Carrying amount

At 31 March 2025

6,297

36,417

42,714

At 31 March 2024

2,255

12,405

14,660

5

Debtors

2025
£

2024
£

Trade debtors

167,196

670

Prepayments

7,937

6,613

Other debtors

62,095

28,661

237,228

35,944

 

Elgin & Ellis Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

8

10,000

10,000

Trade creditors

 

15,599

1,116

Taxation and social security

 

119,073

17,698

Accruals and deferred income

 

1,800

1,500

Other creditors

 

23,586

14,166

 

170,058

44,480

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

8

3,370

13,370

7

Share capital

Allotted, called up and fully paid shares

 

2025

2024

 

No.

£

No.

£

Ordinary shares of £1 each

10,000

10,000

10,000

10,000

         
 

Elgin & Ellis Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8

Loans and borrowings

2025
£

2024
£

Non-current loans and borrowings

Bank borrowings

3,370

13,370

2025
£

2024
£

Current loans and borrowings

Bank borrowings

10,000

10,000

9

Related party transactions

Transactions with the director

2025

At 1 April 2024
£

Advances to director
£

Repayments by director
£

At 31 March 2025
£

Elizabeth Byrte

Amounts owed to/(from) the Director

11,889

-

-

11,889

         
       

Yuriy Dumych

Amounts owed to/(from) the Director

(14,369)

-

21,890

7,522

         
       

 

2024

At 1 April 2023
£

Advances to director
£

Repayments by director
£

At 31 March 2024
£

Elizabeth Byrte

Amounts owed to/(from) the Director

9,935

1,953

-

11,889

         
       

Yuriy Dumych

Amounts owed to/(from) the Director

(8,548)

-

(5,821)

(14,369)