R.V. Elliott & Co Limited

Financial Statements for the Year Ended 31 March 2026

DIRECTORS:

U R Olding

J A Olding

SECRETARY:

U R Olding

REGISTERED OFFICE:

1 Springfield Place

Canton

Cardiff

CF11 9NY

REGISTERED NUMBER:

01047271 (England and Wales)

ACCOUNTANTS:

BPU Limited

Chartered Accountants

Radnor House

Greenwood Close

Cardiff Gate Business Park

Cardiff

CF23 8AA

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of R.V. Elliott & Co Limited for the year ended 31 March 2026 which comprise the Profit & Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at icaew.com/membershandbook.

This report is made solely to the Board of Directors of R.V. Elliott & Co Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of R.V. Elliott & Co Limited and state those matters that we have agreed to state to the Board of Directors of R.V. Elliott & Co Limited, as a body, in this report in accordance with icaew/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than R.V. Elliott & Co Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that R.V. Elliott & Co Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of R.V. Elliott & Co Limited. You consider that R.V. Elliott & Co Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of R.V. Elliott & Co Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

BPU Limited

Chartered Accountants

20 May 2026

FIXED ASSETS

Tangible assets

4

50,492

32,809

CURRENT ASSETS

Stocks

28,771

14,911

Debtors

5

128,825

152,081

Investments

6

201,108

186,272

Cash at bank and in hand

118,143

213,520

476,847

566,784

CREDITORS

Amounts falling due within one year

7

63,256

130,752

NET CURRENT ASSETS

413,591

436,032

TOTAL ASSETS LESS CURRENT
LIABILITIES

464,083

468,841

PROVISIONS FOR LIABILITIES

9,800

5,200

NET ASSETS

454,283

463,641

CAPITAL AND RESERVES

Called up share capital

1,000

Retained earnings

453,283

462,641

SHAREHOLDERS' FUNDS

454,283

463,641

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 May 2026 and were signed on its behalf by:

J A Olding - Director

1.	STATUTORY INFORMATION

R.V. Elliott & Co Limited 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% reducing balance

Fixtures and fittings

-

25% reducing balance

Motor vehicles

-

25% reducing balance

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

Pension costs

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.

Investments

Investments held as current assets are stated at open market value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2025 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

COST

At 1 April 2025

29,077

3,155

103,605

135,837

Additions

-

27,394

Disposals

-

(21,675

)

(21,675

)

At 31 March 2026

29,077

3,155

109,324

141,556

DEPRECIATION

At 1 April 2025

25,495

3,155

74,378

103,028

Charge for year

895

-

8,219

9,114

Eliminated on disposal

-

(21,078

)

(21,078

)

At 31 March 2026

26,390

3,155

61,519

91,064

NET BOOK VALUE

At 31 March 2026

2,687

-

47,805

50,492

At 31 March 2025

3,582

-

29,227

32,809

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

79,720

137,734

Other debtors & prepayments

49,105

14,347

128,825

152,081

6.	CURRENT ASSET INVESTMENTS

2026

2025

£

Listed investments

201,108

186,272

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade creditors

23,442

27,383

Taxes & social security costs

30,815

83,344

Other creditors & accruals

8,999

20,025

63,256

130,752

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 31st March 2026 the directors loan account was overdrawn by £28,938.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is J A Olding.