Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-30true2023-07-01truefalseIndependent financial adviser711The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05147846 2023-07-01 2024-06-30 05147846 2022-07-01 2023-06-30 05147846 2024-06-30 05147846 2023-06-30 05147846 c:Director1 2023-07-01 2024-06-30 05147846 d:OfficeEquipment 2023-07-01 2024-06-30 05147846 d:OfficeEquipment 2024-06-30 05147846 d:OfficeEquipment 2023-06-30 05147846 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05147846 d:ComputerEquipment 2024-06-30 05147846 d:ComputerEquipment 2023-06-30 05147846 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05147846 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05147846 d:Goodwill 2024-06-30 05147846 d:Goodwill 2023-06-30 05147846 d:CurrentFinancialInstruments 2024-06-30 05147846 d:CurrentFinancialInstruments 2023-06-30 05147846 d:Non-currentFinancialInstruments 2024-06-30 05147846 d:Non-currentFinancialInstruments 2023-06-30 05147846 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 05147846 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 05147846 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 05147846 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 05147846 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-06-30 05147846 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 05147846 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-06-30 05147846 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 05147846 d:ShareCapital 2024-06-30 05147846 d:ShareCapital 2023-06-30 05147846 d:CapitalRedemptionReserve 2024-06-30 05147846 d:CapitalRedemptionReserve 2023-06-30 05147846 d:RetainedEarningsAccumulatedLosses 2024-06-30 05147846 d:RetainedEarningsAccumulatedLosses 2023-06-30 05147846 c:FRS102 2023-07-01 2024-06-30 05147846 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 05147846 c:FullAccounts 2023-07-01 2024-06-30 05147846 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05147846 2 2023-07-01 2024-06-30 05147846 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number:  05147846














ELLIOT FLETCHER LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


 
ELLIOT FLETCHER LIMITED
Registered number: 05147846

BALANCE SHEET
As at 30 June 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
1,962
2,802

  
1,962
2,802

Current assets
  

Debtors: amounts falling due within one year
 6 
102,696
132,319

Cash at bank and in hand
 7 
5,641
6,116

  
108,337
138,435

Creditors: amounts falling due within one year
 8 
(151,282)
(124,081)

Net current (liabilities)/assets
  
 
 
(42,945)
 
 
14,354

Total assets less current liabilities
  
(40,983)
17,156

Creditors: amounts falling due after more than one year
 9 
(9,605)
(11,895)

Provisions for liabilities
  

Deferred tax
  
-
(165)

  
 
 
-
 
 
(165)

Net (liabilities)/assets
  
(50,588)
5,096

Page 1

 
ELLIOT FLETCHER LIMITED
Registered number: 05147846
    
BALANCE SHEET (CONTINUED)
As at 30 June 2024

2024
2023
Note
£
£

Capital and reserves
  

Called up share capital 
  
512
512

Capital redemption reserve
  
488
488

Profit and loss account
  
(51,588)
4,096

  
(50,588)
5,096


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


P.A. Campbell
Director

Date: 25 June 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
ELLIOT FLETCHER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 June 2024

1.


General information

Elliot Fletcher Limited is a private company limited by shares, which is incorporated under the Companies Act 2006 and registered in England and Wales (no.05147846). The address of the registered office is Yorkshire House, 4th Floor, 18 Chapel Street, Liverpool L3 9AG.
These financial statements present information about the company as an individual undertaking; it is not a member of a group of companies. The principal activity of the company is that of independent financial advisors.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
ELLIOT FLETCHER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 June 2024

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 4

 
ELLIOT FLETCHER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 June 2024

2.Accounting policies (continued)

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
3 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

 
ELLIOT FLETCHER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 June 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2023 - 11).


4.


Intangible assets




Goodwill

£



Cost


At 1 July 2023
158,647



At 30 June 2024

158,647



Amortisation


At 1 July 2023
158,647



At 30 June 2024

158,647



Net book value



At 30 June 2024
-



At 30 June 2023
-



Page 6

 
ELLIOT FLETCHER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 June 2024

5.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 July 2023
51,354
11,759
63,113



At 30 June 2024

51,354
11,759
63,113



Depreciation


At 1 July 2023
48,552
11,759
60,311


Charge for the year on owned assets
840
-
840



At 30 June 2024

49,392
11,759
61,151



Net book value



At 30 June 2024
1,962
-
1,962



At 30 June 2023
2,802
-
2,802

Page 7

 
ELLIOT FLETCHER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 June 2024

6.


Debtors

2024
2023
£
£


Trade debtors
4,280
3,600

Other debtors
5,210
13,006

Prepayments and accrued income
89,460
114,939

Tax recoverable
3,746
774

102,696
132,319



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
5,641
6,116

Less: bank overdrafts
(32,201)
-

(26,560)
6,116



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
32,201
-

Bank loans
10,212
10,212

Trade creditors
58,871
47,044

Corporation tax
32,172
38,375

Other taxation and social security
4,801
11,375

Other creditors
3,751
4,325

Accruals and deferred income
9,274
12,750

151,282
124,081


Page 8

 
ELLIOT FLETCHER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 June 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
9,605
11,895

9,605
11,895



10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,212
10,212

Amounts falling due 1-2 years

Bank loans
9,605
10,471

Amounts falling due 2-5 years

Bank loans
-
1,424


19,817
22,107



11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £3,243 (2023 - £9,848). Contributions totalling £457 (2023 - £1,268) were payable to the fund at the balance sheet date and are included in creditors.


12.


Controlling party

The company is controlled by P A Campbell.

 
Page 9