Booth Elliott & Co. Limited


FINANCIAL STATEMENTS


for the year ended 23rd September 2024



Booth Elliott & Co. Limited

CONTENTS

for the year ended 23rd September 2024







The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts



Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.

Booth Elliott & Co. Limited

Company No. 00734151

STATEMENT OF FINANCIAL POSITION

as at 23rd September 2024

20242023
Note£££
FIXED ASSETS
Intangible assets4588588
Property, plant and equipment5856951
14441539
CURRENT ASSETS
Stocks66601600
Debtors779383937
Cash at bank and in hand60279968
1462515505
CURRENT LIABILITIES
Creditors: amounts falling due
within one year81166612798
NET CURRENT ASSETS29592707
TOTAL ASSETS LESS CURRENT LIABILITIES44034246
 
Creditors: amounts falling due
after more than one year--
 
NET ASSETS44034246
 
CAPITAL AND RESERVES
Called up share capital10001000
Retained earnings34033246
SHAREHOLDERS FUNDS44034246

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 23rd September 2024 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and 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.

Approved by the Board on 11 June 2025


C Booth

Director

Company Number 00734151 (England)

Booth Elliott & Co. Limited

NOTES TO THE ACCOUNTS

for the year ended 23rd September 2024


1   Statutory information

Booth Elliott & Co. Limited is a private company limited by shares and registered under company number 00734151 in England. Its registered office address is 12, Hatherley Road, Sidcup, Kent, DA14 4DT.

These financial statements are presented in Sterling, which is the functional currency of the company.

2   Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Income Recognition

Revenue is measured at the fair value of the consideration received or receivable. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is possible that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Depreciation

Depreciation is provided on all property, plant and equipment, 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, machinery and vehicles10% - 25% reducing balance

Stocks

Stocks are valued at the lower of cost and expected selling price less any costs to sell.

Leasing

Assets, obtained under hire purchase contracts and finance leases, are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

3   Employee information

The average number of employees during the accounting period was 1 (2023 - 1).

4   Intangible assets
£
Know how
 
Cost
At 24th September 2023 and
At 23rd September 2024588
 
Amortisation
At 24th September 2023 and
At 23rd September 2024-
 
Net Book Value
At 23rd September 2024588
At 23rd September 2023588

Intangible Fixed Assets are being written off in equal annual instalments over each asset's estimated economic life.


5   Property, plant and equipment
 
Fixtures
and
FittingsTotal
££
Cost
At 24th September 2023 and
At 23rd September 202431933193
 
Depreciation
At 24th September 2023 22422242
Charge for year9595
At 23rd September 202423372337
 
Net Book Value
At 23rd September 2024856856
At 23rd September 2023951951

6   Stocks20242023
££
 
Finished goods and goods for resale6601600
6601600

The difference between purchase price or production cost of stocks and their replacement cost is not material.


7   Debtors20242023
££
 
Trade Debtors390407
Other debtors75483530
79383937

8   Creditors: amounts falling due within one year20242023
££
 
Corporation tax762739
Other creditors1090412059
1166612798

9   Transactions with Directors

There were no transactions with Directors except as reflected in the Director's loan account for each Director. The closing balances of each account are as detailed below. Credit balances are shown without brackets. These balances are included in the figure for "Creditors and Accruals" in the accounts. Overdrawn balances are included in the figure for "Other Debtors".

20242023
££
 
C Booth-1195
-1195

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