Elsby & Company Ltd - Accounts to registrar (filleted) - small 17.3
Elsby & Company Ltd - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 March 2017 |
| for |
| ELSBY & COMPANY LTD |
| ELSBY & COMPANY LTD (REGISTERED NUMBER: 08640427) |
| Contents of the Financial Statements |
| for the year ended 31 MARCH 2017 |
| 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 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Thistle Down Barn |
| Holcot Lane |
| Sywell |
| Northampton |
| Northamptonshire |
| NN6 0BG |
| ELSBY & COMPANY LTD (REGISTERED NUMBER: 08640427) |
| Abridged Balance Sheet |
| 31 MARCH 2017 |
| 2017 | 2016 |
| 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 |
| 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 2017 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| ELSBY & COMPANY LTD (REGISTERED NUMBER: 08640427) |
| Notes to the Financial Statements |
| for the year ended 31 MARCH 2017 |
| 1. | STATUTORY INFORMATION |
| Elsby & Company Ltd is a |
| number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 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 | - |
| 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 Income Statement, 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 2017 |
| 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 2016 |
| Additions |
| At 31 March 2017 |
| AMORTISATION |
| At 1 April 2016 |
| Amortisation for year |
| At 31 March 2017 |
| NET BOOK VALUE |
| At 31 March 2017 |
| At 31 March 2016 |
| ELSBY & COMPANY LTD (REGISTERED NUMBER: 08640427) |
| Notes to the Financial Statements - continued |
| for the year ended 31 MARCH 2017 |
| 5. | TANGIBLE FIXED ASSETS |
| Totals |
| £ |
| COST |
| At 1 April 2016 |
| Additions |
| At 31 March 2017 |
| DEPRECIATION |
| At 1 April 2016 |
| Charge for year |
| At 31 March 2017 |
| NET BOOK VALUE |
| At 31 March 2017 |
| At 31 March 2016 |
| 6. | FIXED ASSET INVESTMENTS |
| Information on investments other than loans is as follows: |
| Totals |
| £ |
| COST |
| At 1 April 2016 |
| and 31 March 2017 | 20,021 |
| PROVISIONS |
| At 1 April 2016 |
| and 31 March 2017 | 21 |
| NET BOOK VALUE |
| At 31 March 2017 | 20,000 |
| At 31 March 2016 | 20,000 |
| 7. | SECURED DEBTS |
| Within other creditors, there is a balance owing of £178,459. Mr C Elsby has provide a personal guarantee for this amount. |
| There are further bank loans of £23,369 and £176,667. In respect of the loan balance of £23,369 Mr C Elsby has provided a |
| personal guarantee of £18,696, Mr W Smart has provided a personal guarantee of £2,337 and Mr B Matthews has provided |
| a personal guarantee of £2,337. In respect of the loan balance of £176,667, Mr C Elsby has provided a personal guarantee. |
| Within other loans there is a balance owing of £170,000. The guarantee here is a fixed charge on the company assets. |
| 8. | ULTIMATE CONTROLLING PARTY |
| Mr C A Elsby is the controlling party by virtue of his directorship and shareholding. |
| ELSBY & COMPANY LTD (REGISTERED NUMBER: 08640427) |
| Notes to the Financial Statements - continued |
| for the year ended 31 MARCH 2017 |
| 9. | TRANSITION TO FRS 102 |
| This is the first year that the company has presented its results under FRS 102. The last financial statements under previous |
| UK GAAP were for the year ended 31 March 2016. The date of transition to FRS 102 was 1 April 2015. The transition to |
| FRS 102 did not result in any changes in accounting policies and so there are no differences between the profit for the |
| financial year ended 31 March 2016 and the total equity as at 1 April 2015 and 31 March 2016 under UK GAAP as |
| previously reported and FRS 102. |