Elsby & Company Ltd - Accounts to registrar (filleted) - small 18.2

Elsby & Company Ltd - Accounts to registrar (filleted) - small 18.2

ELSBY & COMPANY LTD - Company Information

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REGISTERED NUMBER: 08640427 (England and Wales)














Unaudited Financial Statements for the Year Ended 31 March 2018

for

ELSBY & COMPANY LTD
ELSBY & COMPANY LTD (REGISTERED NUMBER: 08640427)






Contents of the Financial Statements
for the year ended 31 MARCH 2018




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 2018







DIRECTORS: C A Elsby
B Matthews





REGISTERED OFFICE: Thistledown Barn
Holcot Lane
Sywell
Northampton
Northamptonshire
NN6 0BG





REGISTERED NUMBER: 08640427 (England and Wales)





ACCOUNTANTS: Elsby & Co
Thistle Down Barn
Holcot Lane
Sywell
Northampton
Northamptonshire
NN6 0BG
Page 1
ELSBY & COMPANY LTD (REGISTERED NUMBER: 08640427)

Abridged Balance Sheet
31 MARCH 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 283,444 360,549
Tangible assets 5 68,819 68,688
Investments 6 20,000 20,000
372,263 449,237

CURRENT ASSETS
Debtors 615,239 730,906
Cash at bank 159,879 158,383
775,118 889,289
CREDITORS
Amounts falling due within one year 529,125 605,760
NET CURRENT ASSETS 245,993 283,529
TOTAL ASSETS LESS CURRENT
LIABILITIES
618,256
732,766

CREDITORS
Amounts falling due after more than one year (202,037 ) (376,598 )

PROVISIONS FOR LIABILITIES (11,174 ) (13,084 )
NET ASSETS 405,045 343,084

CAPITAL AND RESERVES
Called up share capital 333,889 333,889
Retained earnings 71,156 9,195
SHAREHOLDERS' FUNDS 405,045 343,084

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 notes form part of these financial statements

Page 2 continued...
ELSBY & COMPANY LTD (REGISTERED NUMBER: 08640427)

Abridged Balance Sheet - continued
31 MARCH 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 1 November 2018 and were signed on its behalf by:





C A Elsby - Director


The notes form part of these financial statements

Page 3
ELSBY & COMPANY LTD (REGISTERED NUMBER: 08640427)

Notes to the Financial Statements
for the year ended 31 MARCH 2018

1. STATUTORY INFORMATION

Elsby & Company Ltd is a private company, limited by shares , registered in England and Wales. The company's registered
number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
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

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.

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.

Page 4 continued...
ELSBY & COMPANY LTD (REGISTERED NUMBER: 08640427)

Notes to the Financial Statements - continued
for the year ended 31 MARCH 2018

2. ACCOUNTING POLICIES - continued

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 36 (2017 - 41 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2017 818,245
Disposals (58,973 )
At 31 March 2018 759,272
AMORTISATION
At 1 April 2017 457,696
Amortisation for year 69,103
Eliminated on disposal (50,971 )
At 31 March 2018 475,828
NET BOOK VALUE

At 31 March 2018 283,444
At 31 March 2017 360,549

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2017 107,167
Additions 25,376
At 31 March 2018 132,543
DEPRECIATION
At 1 April 2017 38,479
Charge for year 25,245
At 31 March 2018 63,724
NET BOOK VALUE
At 31 March 2018 68,819
At 31 March 2017 68,688

Page 5 continued...
ELSBY & COMPANY LTD (REGISTERED NUMBER: 08640427)

Notes to the Financial Statements - continued
for the year ended 31 MARCH 2018

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2017
and 31 March 2018 20,021
PROVISIONS
At 1 April 2017
and 31 March 2018 21
NET BOOK VALUE
At 31 March 2018 20,000
At 31 March 2017 20,000

7. SECURED DEBTS

Within other creditors, there is a balance owing of £96620. Mr C Elsby has provide a personal guarantee for this amount.

There are further bank loans of £13369 and £136667. In respect of the loan balance of £13369 Mr C Elsby has provided a
personal guarantee of £12032 and Mr B Matthews has provided a personal guarantee of £1337. In respect of the loan
balance of £136667, Mr C Elsby has provided a personal guarantee.

Within other loans there is a balance owing of £136000. 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.

Page 6