Board and Elbow Ltd - Accounts

BOARD AND ELBOW LTD - Company Information

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Registered Number: 05871024

England and Wales

BOARD AND ELBOW LTD

Unaudited Financial Statements

Period of accounts

Start date: 01 January 2022

End date: 31 December 2022

Board and Elbow Ltd
Contents Page
For the year ended 31 December 2022

Company information	1
Accountants' report	2
Statement of financial position	3
Notes to the financial statements	4

Board and Elbow Ltd
Company Information
For the year ended 31 December 2022

Directors	Richard Griffiths Ronald Hall Julian Brownrigg
Registered Number	05871024
Registered Office	3 Portland Place Penrith Cumbria CA11 7QN
Accountants	Shaun Brown Accountants Ltd 14A Hartness Road Gilwilly Industrial Estate Penrith Cumbria CA11 9BD
Secretary	Richard Griffiths

Board and Elbow Ltd Accountants' Report For the year ended 31 December 2022
Accountant’s report You consider that the company is exempt from an audit for the year ended 31 December 2022 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. Shaun Brown Accountants Ltd 31 December 2022 .................................................... Shaun Brown Accountants Ltd 14A Hartness Road Gilwilly Industrial Estate Penrith Cumbria CA11 9BD 28 June 2023 2

Board and Elbow Ltd
Accountants' Report
For the year ended 31 December 2022

Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 December 2022 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Shaun Brown Accountants Ltd
31 December 2022

....................................................
Shaun Brown Accountants Ltd
14A Hartness Road
Gilwilly Industrial Estate
Penrith
Cumbria
CA11 9BD
28 June 2023

Board and Elbow Ltd
Statement of Financial Position
As at 31 December 2022

	Notes	2022 £	2021 £
Fixed assets
Tangible fixed assets	3	34,315	39,942
		34,315	39,942
Current assets
Stocks	4	15,280	14,840
Debtors	5	9,860	9,860
Cash at bank and in hand		24,833	14,003
		49,973	38,703
Creditors: amount falling due within one year	6	(137,192)	(133,957)
Net current liabilities		(87,219)	(95,254)

Total assets less current liabilities		(52,904)	(55,312)
Net liabilities		(52,904)	(55,312)

Capital and reserves
Called up share capital	7	3	3
Profit and loss account		(52,907)	(55,315)
Shareholder's funds		(52,904)	(55,312)

For the year ended 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the board of directors on 28 June 2023 and were signed on its behalf by:

-------------------------------
Richard Griffiths
Director

-------------------------------
Julian Brownrigg
Director

Board and Elbow Ltd
Notes to the Financial Statements
For the year ended 31 December 2022

General Information

Board and Elbow Ltd is a private company, limited by shares, registered in England and Wales, registration number 05871024, registration address 3 Portland Place, Penrith, Cumbria, CA11 7QN.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Going concern basis

The directors believe that the company is well financed by their respective loan accounts which currently stands at £113,942. On this basis the company is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Government grants

Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Land and Buildings	5% Straight Line
Plant and Machinery	15% Reducing Balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 11 (2021 : 11).

Tangible fixed assets

Cost or valuation	Land and Buildings	Plant and Machinery	Total
	£	£	£
At 01 January 2022	43,925	82,317	126,242
Additions	-	441	441
Disposals	-	-	-
At 31 December 2022	43,925	82,758	126,683
Depreciation
At 01 January 2022	26,364	59,936	86,300
Charge for year	2,197	3,871	6,068
On disposals	-	-	-
At 31 December 2022	28,561	63,807	92,368
Net book values
Closing balance as at 31 December 2022	15,364	18,951	34,315
Opening balance as at 01 January 2022	17,561	22,381	39,942

Stocks

	2022 £		2021 £
Stocks	15,280		14,840
	15,280		14,840

Debtors: amounts falling due within one year

	2022 £		2021 £
Other Debtors	9,860		9,860
	9,860		9,860

Creditors: amount falling due within one year

	2022 £	2021 £
Trade Creditors	0	4,059
PAYE & Social Security	4,125	4,226
Accrued Expenses	2,220	2,070
Other Creditors	22	67
Directors' Current Accounts	113,942	114,097
VAT	16,883	9,438
	137,192	133,957

Share Capital

Authorised
3 Ordinary shares of £1.00 each

Allotted, called up and fully paid	2022 £		2021 £
3 Ordinary shares of £1.00 each	3		3
	3		3

8.	Related Party Disclosures The Directors have funded the Company through their Directors Loan Accounts and will continue to provide support to the Company. The balance on the respective Loan Accounts at the 31st December 2022 was £113,942 ( 2021 - £114,097 ).