Elan (GB) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04592341 (England and Wales)

ELAN (GB) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

4

DIRECTORS:

Mrs J E Hurt

B. W. D. Hurt

SECRETARY:

B. W. D. Hurt

REGISTERED OFFICE:

The Dog House

5 Iddenden Cottages

Main Street

HAWKHURST

Kent

TN18 4PT

REGISTERED NUMBER:

04592341 (England and Wales)

ACCOUNTANTS:

Gibbons Mannington & Phipps LLP

Chartered Accountants

20 Eversley Road

Bexhill-on-Sea

East Sussex

TN40 1HE

CURRENT ASSETS

Debtors

4

3,500

4,117

Cash at bank

4,739

707

8,239

4,824

CREDITORS

Amounts falling due within one year

5

3,755

4,315

NET CURRENT ASSETS

4,484

509

TOTAL ASSETS LESS CURRENT LIABILITIES

4,484

509

CAPITAL AND RESERVES

Called up share capital

6

500

500

Retained earnings

3,984

9

SHAREHOLDERS' FUNDS

4,484

509

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

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

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 7th December 2018 and were signed on its behalf by:

Mrs J E Hurt - Director

1.	STATUTORY INFORMATION

Elan (GB) Limited 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 is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

3,500

-

Directors' current accounts

-

4,117

3,500

4,117

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Tax

2,809

3,601

VAT

-

78

Other creditors

648

636

Directors' current accounts

298

-

3,755

4,315

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

500

Ordinary

£1

500

500

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2018

and 31st March 2017:

2018

2017

£

£

Mrs J E Hurt

Balance outstanding at start of year

2,817

-

Amounts advanced

102

2,817

Amounts repaid

(3,117

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(198

)

2,817

B. W. D. Hurt

Balance outstanding at start of year

1,300

-

Amounts advanced

200

1,300

Amounts repaid

(1,600

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(100

)

1,300

The directors made loans to the company during 2016/17 which were repaid in 2017/18. These

loans are interest free and repayable on demand.