Company No: 09484721 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

Mrs S Smyth

REGISTERED OFFICE	11 Harcombe Road
	London
	N16 0RX
	United Kingdom

COMPANY NUMBER

09484721 (England and Wales)

ACCOUNTANT	Burgess Hodgson LLP
	Camburgh House
	27 New Dover Road
	Canterbury
	CT1 3DN
	United Kingdom

	Note	2022		2021
		£		£
Current assets
Debtors	4	14,347		7,344
Cash at bank and in hand	5	1,433		10,742
		15,780		18,086
Creditors
Amounts falling due within one year	6	( 13,630)		( 6,442)
Net current assets		2,150		11,644
Total assets less current liabilities		2,150		11,644
Net assets		2,150		11,644
Capital and reserves
Called-up share capital	7	1		1
Profit and loss account		2,149		11,643
Total shareholder's funds		2,150		11,644

For the financial year ending 31 March 2022 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Elizabeth Costello Limited (registered number: 09484721) were approved and authorised for issue by the Director on 15 December 2022. They were signed on its behalf by:

Mrs S Smyth Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Elizabeth Costello Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 11 Harcombe Road, London, N16 0RX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Taxation

Current tax
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly equity, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Critical accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

3. Employees

	2022		2021
	Number		Number
The average number of persons employed by the company during the year amounted to:	1		1

4. Debtors

	2022		2021
	£		£
Trade debtors	9,180		7,344
Other debtors	5,167		0
	14,347		7,344

5. Cash and cash equivalents

	2022		2021
	£		£
Cash at bank and in hand	1,433		10,742

6. Creditors: amounts falling due within one year

	2022		2021
	£		£
Trade creditors	0		198
Corporation tax	1,057		1,770
Other taxation and social security	1,530		3,848
Other creditors	11,043		626
	13,630		6,442

7. Called-up share capital

	2022		2021
	£		£
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00	1		1