G. Elliott & Co. Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03761770 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2018

for

G. Elliott & Co. Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G R M Elliott

Mrs C M Elliott.

SECRETARY:

G R M Elliott

REGISTERED OFFICE:

Oxford House

15-17 Mount Ephraim Road

Tunbridge Wells

Kent

TN1 1EN

REGISTERED NUMBER:

03761770 (England and Wales)

ACCOUNTANTS:

Ward Mackenzie Ltd

Oxford House

15-17 Mount Ephraim Road

Tunbridge Wells

Kent

TN1 1EN

FIXED ASSETS

Tangible assets

3

15,132

18,864

Investment property

4

31,225

31,225

46,357

50,089

CURRENT ASSETS

Cash at bank

35

436

CREDITORS

Amounts falling due within one year

5

(29,472

)

(46,950

)

NET CURRENT LIABILITIES

(29,437

)

(46,514

)

TOTAL ASSETS LESS CURRENT LIABILITIES

16,920

3,575

CAPITAL AND RESERVES

Called up share capital

6

2

2

Retained earnings

7

16,918

3,573

SHAREHOLDERS' FUNDS

16,920

3,575

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 31 January 2019 and were signed on its behalf by:

Mrs C M Elliott. - Director

1.	STATUTORY INFORMATION

G. Elliott & Co. 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.

Tangible fixed assets

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

Equipment

-

20% on reducing balance

Computer equipment

-

33% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair

value is recognised in profit or loss.

3.	TANGIBLE FIXED ASSETS

Computer

Equipment

equipment

Totals

£

£

£

COST

At 1 May 2017

47,688

28,054

75,742

Additions

-

134

134

At 30 April 2018

47,688

28,188

75,876

DEPRECIATION

At 1 May 2017

29,376

27,502

56,878

Charge for year

3,662

204

3,866

At 30 April 2018

33,038

27,706

60,744

NET BOOK VALUE

At 30 April 2018

14,650

482

15,132

At 30 April 2017

18,312

552

18,864

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2017

and 30 April 2018

31,225

NET BOOK VALUE

At 30 April 2018

31,225

At 30 April 2017

31,225

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Corporation tax

4,008

9,880

VAT

6,202

2,607

Directors' current accounts

17,957

33,198

Accrued expenses

1,305

1,265

29,472

46,950

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.18

30.4.17

value:

£

£

2

Ordinary

£1

2

2

7.

RESERVES

Retained

earnings

£

At 1 May 2017

3,573

Profit for the year

13,345

At 30 April 2018

16,918

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are: G R M Elliott and Mrs C M Elliott.