ELP Newport Limited

ELP Newport Limited

ELP NEWPORT LIMITED - Company Information

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1 January 2020 false No description of principal activity Taxfiler 2021.20 09948377business:PrivateLimitedCompanyLtd2020-01-012020-12-31 099483772019-12-31 099483772020-01-012020-12-31 09948377business:AuditExempt-NoAccountantsReport2020-01-012020-12-31 09948377business:FullAccounts2020-01-012020-12-31 099483772020-12-31 09948377business:Director12020-01-012020-12-31 09948377business:Director22020-01-012020-12-31 09948377business:Director32020-01-012020-12-31 09948377business:RegisteredOffice2020-01-012020-12-31 099483772019-12-31 09948377core:WithinOneYear2020-12-31 09948377core:WithinOneYear2019-12-31 09948377core:AfterOneYear2020-12-31 09948377core:AfterOneYear2019-12-31 09948377core:ShareCapital2020-12-31 09948377core:ShareCapital2019-12-31 09948377core:RetainedEarningsAccumulatedLosses2020-12-31 09948377core:RetainedEarningsAccumulatedLosses2019-12-31 09948377business:SmallEntities2020-01-012020-12-31 09948377countries:EnglandWales2020-01-012020-12-31 09948377core:LandBuildings2020-01-012020-12-31 09948377core:PlantMachinery2020-01-012020-12-31 09948377core:LandBuildings2019-12-31 09948377core:PlantMachinery2019-12-31 09948377core:LandBuildings2020-12-31 09948377core:PlantMachinery2020-12-31 099483772019-01-012019-12-31 iso4217:GBP xbrli:pure
Company Registration No. 09948377 (England and Wales)
ELP Newport Limited Unaudited accounts for the year ended 31 December 2020
ELP Newport Limited Unaudited accounts Contents
Page
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ELP Newport Limited Company Information for the year ended 31 December 2020
Directors
Gregory Ronald Maycock Gary James Digby Paul Andrew Gardner
Company Number
09948377 (England and Wales)
Registered Office
ELP New LTD Unit 2, Newport Leisure Park Seven Stiles Avenue Newport NP19 4QR United Kingdom
Accountants
Epic Taxation Services Limited Audrey House 16-20 Ely Place London EC1N 6SN
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ELP Newport Limited Statement of financial position as at 31 December 2020
2020 
2019 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
400,650 
576,664 
Current assets
Inventories
- 
3,058 
Debtors
5
11,101 
15,097 
Cash at bank and in hand
9,841 
12,300 
20,942 
30,455 
Creditors: amounts falling due within one year
6
(309,717)
(262,477)
Net current liabilities
(288,775)
(232,022)
Total assets less current liabilities
111,875 
344,642 
Creditors: amounts falling due after more than one year
7
(1,647,044)
(1,597,045)
Net liabilities
(1,535,169)
(1,252,403)
Capital and reserves
Called up share capital
1,780 
1,780 
Profit and loss account
(1,536,949)
(1,254,183)
Shareholders' funds
(1,535,169)
(1,252,403)
For the year ending 31 December 2020 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 directors acknowledge their 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 of Directors and authorised for issue on 24 December 2021 and were signed on its behalf by
Gary James Digby Director Company Registration No. 09948377
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ELP Newport Limited Notes to the Accounts for the year ended 31 December 2020
1
Statutory information
ELP Newport Limited is a private company, limited by shares, registered in England and Wales, registration number 09948377. The registered office is ELP New LTD Unit 2, Newport Leisure Park, Seven Stiles Avenue, Newport, NP19 4QR, United Kingdom.
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.
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:
Land & buildings
Over 10 years
Plant & machinery
Over 4 years
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2020
701,287 
609,746 
1,311,033 
At 31 December 2020
701,287 
609,746 
1,311,033 
Depreciation
At 1 January 2020
233,764 
500,605 
734,369 
Charge for the year
70,129 
105,885 
176,014 
At 31 December 2020
303,893 
606,490 
910,383 
Net book value
At 31 December 2020
397,394 
3,256 
400,650 
At 31 December 2019
467,523 
109,141 
576,664 
5
Debtors: amounts falling due within one year
2020 
2019 
£ 
£ 
Accrued income and prepayments
- 
3,995 
Other debtors
11,101 
11,102 
11,101 
15,097 
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ELP Newport Limited Notes to the Accounts for the year ended 31 December 2020
6
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
VAT
23,045 
16,203 
Trade creditors
276,890 
227,855 
Taxes and social security
7,626 
- 
Other creditors
(13,748)
- 
Loans from directors
15,904 
14,167 
Accruals
- 
4,252 
309,717 
262,477 
7
Creditors: amounts falling due after more than one year
2020 
2019 
£ 
£ 
Bank loans
50,000 
- 
Other creditors
1,597,044 
1,597,045 
1,647,044 
1,597,045 
8
Average number of employees
During the year the average number of employees was 40 (2019: 52).
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