Elsby & Company Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 08640427 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

ELSBY & COMPANY LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

C A Elsby

W Smart

B Matthews

REGISTERED OFFICE:

Thistledown Barn

Holcot Lane

Sywell

Northampton

Northamptonshire

NN6 0BG

REGISTERED NUMBER:

08640427 (England and Wales)

ACCOUNTANTS:

Elsby & Company Ltd

Thistle Down Barn

Holcot Lane

Sywell

Northampton

Northamptonshire

NN6 0BG

FIXED ASSETS

Intangible assets

2

181,626

307,209

Tangible assets

3

46,172

34,374

Investments

4

20,000

10,000

247,798

351,583

CURRENT ASSETS

Debtors

403,180

392,789

Cash at bank

90,923

94,614

494,103

487,403

CREDITORS

Amounts falling due within one year

5

310,938

276,796

NET CURRENT ASSETS

183,165

210,607

TOTAL ASSETS LESS CURRENT
LIABILITIES

430,963

562,190

CREDITORS

Amounts falling due after more than one year

5

(41,621

)

(176,551

)

PROVISIONS FOR LIABILITIES

(8,437

)

(5,908

)

NET ASSETS

380,905

379,731

CAPITAL AND RESERVES

Called up share capital

6

333,889

Profit and loss account

47,016

45,842

SHAREHOLDERS' FUNDS

380,905

379,731

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 5 December 2016 and were signed on its behalf by:

C A Elsby - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective January 2015).

Preparation of consolidated financial statements

The financial statements contain information about Elsby & Company Ltd as an individual company and do not contain

consolidated financial information as the parent of a group. The company has taken the option under Section 398 of the

Companies Act 2006 not to prepare consolidated 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, is being amortised evenly over its estimated useful

life of four years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet

date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

502,331

AMORTISATION

At 1 April 2015

195,122

Amortisation for year

125,583

At 31 March 2016

320,705

NET BOOK VALUE

At 31 March 2016

181,626

At 31 March 2015

307,209

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

53,924

Additions

25,301

Disposals

(14,043

)

At 31 March 2016

65,182

DEPRECIATION

At 1 April 2015

19,550

Charge for year

13,503

Eliminated on disposal

(14,043

)

At 31 March 2016

19,010

NET BOOK VALUE

At 31 March 2016

46,172

At 31 March 2015

34,374

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2015

10,021

Additions

10,000

At 31 March 2016

20,021

PROVISIONS

At 1 April 2015

and 31 March 2016

21

NET BOOK VALUE

At 31 March 2016

20,000

At 31 March 2015

10,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Joint venture

Coopers Elsby Limited

Nature of business: Accountancy

%

Class of shares:

holding

Ordinary

50.00

2016

2015

£

Aggregate capital and reserves

867

893

(Loss)/profit for the year

(26

)

1,538

5.

CREDITORS

Creditors include an amount of £ 33,370 (2015 - £ 46,908 ) for which security has been given.

6.	CALLED UP SHARE CAPITAL

Allotted, issued and full paid:

Number:

Class:

Nominal

2016

2015

value:

£

267,113

Ordinary A

£1

267,113

8,001

33,388

Ordinary B

£1

33,388

132,456

33,388

Ordinary C

£1

33,388

126,566

-

Ordinary D

£1

-

33,388

-

Ordinary E

£1

-

33,388

333,889

During the year:

132,456 Ordinary B shares were reclassified as Ordinary A shares.

126,566 Ordinary C shares were reclassified as Ordinary A shares.

33,388 Ordinary D shares were reclassified as Ordinary B shares.

33,388 Ordinary E shares were reclassified as Ordinary C shares.