1 March 2024 false Taxfiler 2024.6 08880458 business:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 08880458 2024-02-29 08880458 2024-03-01 2025-02-28 08880458 business:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 08880458 business:FilletedAccounts 2024-03-01 2025-02-28 08880458 2025-02-28 08880458 business:Director1 2024-03-01 2025-02-28 08880458 business:CompanySecretary1 2024-03-01 2025-02-28 08880458 business:RegisteredOffice 2024-03-01 2025-02-28 08880458 2024-02-29 08880458 core:WithinOneYear 2025-02-28 08880458 core:WithinOneYear 2024-02-29 08880458 core:AfterOneYear 2025-02-28 08880458 core:AfterOneYear 2024-02-29 08880458 core:ShareCapital core:PreviouslyStatedAmount 2025-02-28 08880458 core:ShareCapital core:PreviouslyStatedAmount 2024-02-29 08880458 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-02-28 08880458 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-02-29 08880458 core:PreviouslyStatedAmount 2025-02-28 08880458 core:PreviouslyStatedAmount 2024-02-29 08880458 business:SmallEntities 2024-03-01 2025-02-28 08880458 countries:EnglandWales 2024-03-01 2025-02-28 08880458 core:FurnitureFittings 2024-03-01 2025-02-28 08880458 core:Goodwill 2024-02-29 08880458 core:Goodwill 2025-02-28 08880458 core:Goodwill 2024-03-01 2025-02-28 08880458 core:PlantMachinery 2024-02-29 08880458 core:FurnitureFittings 2024-02-29 08880458 core:PlantMachinery 2024-03-01 2025-02-28 08880458 core:PlantMachinery 2025-02-28 08880458 core:FurnitureFittings 2025-02-28 08880458 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure
Company Registration No. 08880458 (England and Wales)
G D Elliott Ltd Unaudited accounts for the year ended 28 February 2025
G D Elliott Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
G D Elliott Ltd Company Information for the year ended 28 February 2025
Director
Gordon Elliott
Secretary
Ruth Elliott
Company Number
08880458 (England and Wales)
Registered Office
43 Church Street Flint Flintshire CH6 5AD Wales
- 3 -
G D Elliott Ltd Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
4,209
8,415
Tangible assets
5
52,167
18,536
56,376
26,951
Current assets
Inventories
11,345
9,919
Debtors
6
12,438
8,590
Cash at bank and in hand
32,695
52,315
56,478
70,824
Creditors: amounts falling due within one year
7
(24,694)
(41,190)
Net current assets
31,784
29,634
Total assets less current liabilities
88,160
56,585
Creditors: amounts falling due after more than one year
8
(8,348)
(16,469)
Net assets
79,812
40,116
Capital and reserves
Called up share capital
10
10
Profit and loss account
79,802
40,106
Shareholders' funds
79,812
40,116
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 October 2025 and were signed on its behalf by
Gordon Elliott Director Company Registration No. 08880458
- 4 -
G D Elliott Ltd Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
G D Elliott Ltd is a private company, limited by shares, registered in England and Wales, registration number 08880458. The registered office is 43 Church Street, Flint, Flintshire, CH6 5AD, Wales.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill is amortised over a period of 5 years
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
4 years
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
- 5 -
G D Elliott Ltd Notes to the Accounts for the year ended 28 February 2025
4
Intangible fixed assets
Goodwill
£
Cost
At 1 March 2024
21,033
At 28 February 2025
21,033
Amortisation
At 1 March 2024
12,618
Charge for the year
4,206
At 28 February 2025
16,824
Net book value
At 28 February 2025
4,209
At 29 February 2024
8,415
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 March 2024
35,040
-
35,040
Additions
15,938
41,561
57,499
At 28 February 2025
50,978
41,561
92,539
Depreciation
At 1 March 2024
16,504
-
16,504
Charge for the year
12,505
11,363
23,868
At 28 February 2025
29,009
11,363
40,372
Net book value
At 28 February 2025
21,969
30,198
52,167
At 29 February 2024
18,536
-
18,536
6
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
-
754
Trade debtors
12,343
7,706
Accrued income and prepayments
95
130
12,438
8,590
- 6 -
G D Elliott Ltd Notes to the Accounts for the year ended 28 February 2025
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
3,622
2,650
VAT
1,456
-
Obligations under finance leases and hire purchase contracts
4,581
4,154
Trade creditors
4,980
8,314
Taxes and social security
4,616
13,475
Other creditors
517
1,032
Loans from directors
4,922
8,265
Accruals
-
3,300
24,694
41,190
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
-
3,541
Obligations under finance leases and hire purchase contracts
8,348
12,928
8,348
16,469
9
Average number of employees
During the year the average number of employees was 4 (2024: 4).
- 7 -