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 2018 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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Abridged Statement of Financial Position
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31 July 2018
Current assets
Debtors
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27,184
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27,209
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Cash at bank and in hand
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261
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236
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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 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his 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
1 April 2019
, 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 2018
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. The business address is Cox Barn, Cox Hill, Boxford, CO10 5JG.
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.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
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Plant and machinery
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-
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25% straight line
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Motor vehicles
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-
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25% straight line
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4.
Director's advances, credits and guarantees
There are no such transactions for the accounting period.
5.
Related party transactions
At the year end the amount due from Elford and Sons a company controlled by the director Limited was £25,771.
6.
Controlling party
The company is controlled by the director who beneficially owns 100% of the share capital.