Eliot Developments (Devon) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08978179 (England and Wales)

ELIOT DEVELOPMENTS (DEVON) LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 JUNE 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M J Evans

S Musgreaves

S Smith

SECRETARY:

R Morton

REGISTERED OFFICE:

Unit 3 Stoke Damerel Business Centre

5 Church Street

Stoke

Plymouth

Devon

PL3 4DT

REGISTERED NUMBER:

08978179 (England and Wales)

ACCOUNTANTS:

Mark Holt & Co Limited

Chartered Accountants

7 Sandy Court

Ashleigh Way

Langage Business Park

Plymouth

Devon

PL7 5JX

CURRENT ASSETS

Debtors

5

8,505

30,389

Cash at bank

175

545

8,680

30,934

CREDITORS

Amounts falling due within one year

6

176,226

199,224

NET CURRENT LIABILITIES

(167,546

)

(168,290

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(167,546

)

(168,290

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(168,546

)

(169,290

)

(167,546

)

(168,290

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 June 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 26 April 2019 and were signed on its behalf by:

M J Evans - Director

S Musgreaves - Director

1.	STATUTORY INFORMATION

Eliot Developments (Devon) 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Taxation

Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past

reporting periods using the tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date, except as otherwise indicated.

Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of

deferred tax liabilities or other future taxable profits. If and when all conditions for retaining tax allowances for the cost of a

fixed asset have been met, the deferred tax is reversed.

Deferred tax is calculated using the tax rates and laws that have been enacted or substantively enacted by the reporting

date that are expected to apply to the reversal of the timing difference.

The tax expense (income) is presented either in profit or loss, other comprehensive income or equity depending on the

transaction that resulted in the tax expense (income).

Provisions for liabilities

Provisions are recognised when the Company has a present (legal or constructive) obligation as a result of a past event; it is

probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be

estimated reliably.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at

the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is

recognised at present value using a pre-tax discount rate. The unwinding of the discount is recognised as a finance cost in

profit or loss in the period it arises.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

8,505

30,389

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

61,080

62,025

Taxation and social security

(911

)

(911

)

Other creditors

116,057

138,110

176,226

199,224

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 29 June 2018 and the period ended

29 June 2017:

2018

2017

£

£

M J Evans

Balance outstanding at start of year

375

-

Amounts advanced

-

375

Amounts repaid

(375

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

375