Elsby & Company Ltd - Accounts to registrar (filleted) - small 18.2
Elsby & Company Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 March 2021 |
| for |
| ELSBY & COMPANY LTD |
| ELSBY & COMPANY LTD (REGISTERED NUMBER: 08640427) |
| Contents of the Financial Statements |
| for the year ended 31 MARCH 2021 |
| Page |
| Company Information | 1 |
| Abridged Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| ELSBY & COMPANY LTD |
| Company Information |
| for the year ended 31 MARCH 2021 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Thistledown Barn |
| Holcot Lane |
| Sywell |
| Northampton |
| Northamptonshire |
| NN6 0BG |
| ELSBY & COMPANY LTD (REGISTERED NUMBER: 08640427) |
| Abridged Balance Sheet |
| 31 MARCH 2021 |
| 2021 | 2020 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Investments | 6 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Capital redemption reserve |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| ELSBY & COMPANY LTD (REGISTERED NUMBER: 08640427) |
| Abridged Balance Sheet - continued |
| 31 MARCH 2021 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| ELSBY & COMPANY LTD (REGISTERED NUMBER: 08640427) |
| Notes to the Financial Statements |
| for the year ended 31 MARCH 2021 |
| 1. | STATUTORY INFORMATION |
| Elsby & Company Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents revenues receivable under contracts, net of value added tax. Where contractual obligations have been partially performed at the balance sheet date revenue is recognised to the extent that the company has obtained the right to consideration through its performance. |
| Goodwill |
| Goodwill, being the amount paid in connection with acquisitions in 2013 and 2016, is being amortised evenly over its estimated useful life of four and fifteen years respectively. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Government grants |
| During the year, the Company has received government support designed to mitigate the impact of COVID-19. |
| In the UK, the Government has provided funding towards the salary costs of employees who have been 'furloughed' through the Coronavirus Job Retention Scheme. This funding meets the definition of a government grant under FRS 102 Section 24 Government Grants and a total of £15,202 has been received and offset against salary costs |
| The Company applied for a Coronavirus Bounce Back Loan. This was received on 8th June 2020 for £50,000. The scheme provides loans with government backed guarantee as well as business interruption payments to cover the first 12 months of interest payments. During the period, interest on the loan totalled £1,042. |
| The Company has taken part in the COVID-19 VAT deferral scheme. |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost less any provision for impairment. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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. |
| ELSBY & COMPANY LTD (REGISTERED NUMBER: 08640427) |
| Notes to the Financial Statements - continued |
| for the year ended 31 MARCH 2021 |
| 2. | ACCOUNTING POLICIES - continued |
| 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 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Totals |
| £ |
| COST |
| At 1 April 2020 |
| Additions |
| At 31 March 2021 |
| AMORTISATION |
| At 1 April 2020 |
| Amortisation for year |
| At 31 March 2021 |
| NET BOOK VALUE |
| At 31 March 2021 |
| At 31 March 2020 |
| ELSBY & COMPANY LTD (REGISTERED NUMBER: 08640427) |
| Notes to the Financial Statements - continued |
| for the year ended 31 MARCH 2021 |
| 5. | TANGIBLE FIXED ASSETS |
| Totals |
| £ |
| COST |
| At 1 April 2020 |
| Additions |
| At 31 March 2021 |
| DEPRECIATION |
| At 1 April 2020 |
| Charge for year |
| At 31 March 2021 |
| NET BOOK VALUE |
| At 31 March 2021 |
| At 31 March 2020 |
| 6. | FIXED ASSET INVESTMENTS |
| Information on investments other than loans is as follows: |
| Totals |
| £ |
| COST |
| Additions | 48,689 |
| Impairments | (48,689 | ) |
| At 31 March 2021 | - |
| NET BOOK VALUE |
| At 31 March 2021 | - |
| 7. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2021 | 2020 |
| £ | £ |
| Within one year |
| Between one and five years |
| 8. | SECURED DEBTS |
| The bank loan balance of £16,667 is secured by a Personal Guarantee provided by C A Elsby. The bank loan balance also includes £50,000 in respect of the government Bounce Back Loans, which is repayable over 5 years. Within Other Creditors are loan balances of £190,553 which are secured by a fixed charge on the company's assets. |
| ELSBY & COMPANY LTD (REGISTERED NUMBER: 08640427) |
| Notes to the Financial Statements - continued |
| for the year ended 31 MARCH 2021 |
| 9. | ULTIMATE CONTROLLING PARTY |
| At 31 March 2021 the ultimate parent company is Elsby & Co ( Holdings ) Limited. The registered office of the ultimate parent company is 155 Wellingborough Road, Rushden, Northamptonshire NN10 9TB. |