Statement of Consent to Prepare Abridged Financial Statements
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All of the members of Elford & Richford Limited have consented to the preparation of the abridged statement of financial position for the year ending 31 July 2019 in accordance with Section 444(2A) of the Companies Act 2006.
COMPANY REGISTRATION NUMBER:
01120398
Elford & Richford Limited
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Filleted Unaudited Abridged Financial Statements
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Elford & Richford Limited
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Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Abridged Financial Statements of
Elford & Richford Limited
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Year ended 31 July 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abridged financial statements of Elford & Richford Limited for the year ended 31 July 2019, which comprise the abridged statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Elford & Richford Limited, as a body. Our work has been undertaken solely to prepare for your approval the abridged financial statements of Elford & Richford Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Elford & Richford Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Elford & Richford Limited has kept adequate accounting records and to prepare statutory abridged financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Elford & Richford Limited. You consider that Elford & Richford Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the abridged financial statements of Elford & Richford Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory abridged financial statements.
MOORE GREEN
Chartered accountants
22 Friars Street
Sudbury
Suffolk
CO10 2AA
22 April 2020
Elford & Richford Limited
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Abridged Statement of Financial Position
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31 July 2019
Current assets
Debtors
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27,240
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27,184
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Cash at bank and in hand
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205
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261
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27,445
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27,445
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Creditors: amounts falling due within one year
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500
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500
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Net current assets
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26,945
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26,945
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Total assets less current liabilities
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26,945
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26,945
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Net assets
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26,945
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26,945
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Capital and reserves
Called up share capital
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2,000
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2,000
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Profit and loss account
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24,945
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24,945
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Shareholders funds
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26,945
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26,945
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These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 31 July 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
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These abridged financial statements were approved by the
board of directors
and authorised for issue on
21 April 2020
, and are signed on behalf of the board by:
Company registration number:
01120398
Elford & Richford Limited
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Notes to the Abridged Financial Statements
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Year ended 31 July 2019
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 22 Friars Street, Sudbury, Suffolk, CO10 2AA.
2.
Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
4.
Directors' advances, credits and guarantees
There are no such transactions for the accounting period.