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REGISTERED NUMBER: 04983052 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Elliot Rhodes Ltd

Elliot Rhodes Ltd (Registered number: 04983052)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Elliot Rhodes Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTOR: J Rhodes





SECRETARY: J L Diwan





REGISTERED OFFICE: County Gate
County Way
Trowbridge
Wiltshire
BA14 7FJ





REGISTERED NUMBER: 04983052 (England and Wales)

Elliot Rhodes Ltd (Registered number: 04983052)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 59,175 78,154
Investments 5 1 1
59,176 78,155

CURRENT ASSETS
Stocks 385,481 352,363
Debtors 6 177,337 103,308
Cash at bank and in hand 60,044 87,631
622,862 543,302
CREDITORS
Amounts falling due within one year 7 166,383 122,685
NET CURRENT ASSETS 456,479 420,617
TOTAL ASSETS LESS CURRENT
LIABILITIES

515,655

498,772

CREDITORS
Amounts falling due after more than one
year

8

(42,714

)

(90,876

)

PROVISIONS FOR LIABILITIES (7,475 ) (6,372 )
NET ASSETS 465,466 401,524

CAPITAL AND RESERVES
Called up share capital 11 1,150 1,150
Share premium 113,850 113,850
Retained earnings 350,466 286,524
465,466 401,524

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

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

The director acknowledges his 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.

Elliot Rhodes Ltd (Registered number: 04983052)

Balance Sheet - continued
31 December 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 July 2025 and were signed by:





J Rhodes - Director


Elliot Rhodes Ltd (Registered number: 04983052)

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

1. STATUTORY INFORMATION

Elliot Rhodes Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents the net invoiced value of the sale of goods, excluding applicable Value Added Tax.

In the case of shop sales revenue is recognised at the point of sale. Internet sales are recognised when customers' payments have been received. Sales to account customers are recognised on despatch.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Short leasehold - Straight line over period of the lease and Straight line over 10 years
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Elliot Rhodes Ltd (Registered number: 04983052)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024 196,576 171,821 87,834 456,231
Additions - - 3,191 3,191
Disposals - - (14,300 ) (14,300 )
At 31 December 2024 196,576 171,821 76,725 445,122
DEPRECIATION
At 1 January 2024 160,049 153,497 64,531 378,077
Charge for year 7,564 3,227 6,693 17,484
Eliminated on disposal - - (9,614 ) (9,614 )
At 31 December 2024 167,613 156,724 61,610 385,947
NET BOOK VALUE
At 31 December 2024 28,963 15,097 15,115 59,175
At 31 December 2023 36,527 18,324 23,303 78,154

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 1
NET BOOK VALUE
At 31 December 2024 1
At 31 December 2023 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 120,227 73,505
Other debtors - 158
Prepayments and accrued income 57,110 29,645
177,337 103,308

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 52,296 35,301
Trade creditors 34,332 34,017
Tax 26,935 17,464
Social security and other taxes 5,506 5,093
VAT 22,006 12,879
Other creditors 294 -
Accruals and deferred income 25,014 17,931
166,383 122,685

Elliot Rhodes Ltd (Registered number: 04983052)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 11,667 28,000
Bank loans - 2-5 years - 11,667
Other loans - 2-5 years 31,047 51,209
42,714 90,876

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 80,000 64,250
Between one and five years 281,583 62,333
361,583 126,583

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft 24,296 -
Bank loans 39,667 74,968
63,963 74,968

Bank borrowings are secured by a debenture comprising a fixed and floating charge over the assets and undertaking of the company and by a guarantee given by the shareholders, limited to £320,000.

11. CALLED UP SHARE CAPITAL

2024 2023
£    £   
Allotted,
issued and
fully paid:-


1,000 Class A shares of £0.01 (voting) 10 10
114,000 Class B shares of £0.01 (non-voting) 1,140 1,140
1,150 1,150


12. RELATED PARTY DISCLOSURES

Other Loans falling due in more than one year comprise loans from the company's director totalling £17,078, (2023: £27,240), and a loan of £13,969, (2023: £23,969), from one of the company's shareholders.

The above loans are interest-free and have no formal terms of repayment.