elap engineering regreport_userid-100068401_01377278_280211083959

8/6/2019 Elap Engineering REGReport_UserID-100068401_01377278_280211083959

1/11


2/11

Commentary

The Creditsafe recommended credit limit is calculated using a formula that analyses information from a company's financial accounts

and payment record. The ltd company credit limit is our recommendation of the total amount of credit that should be outstanding at

any one time.

No exact match CCJs are recorded against the company.

The company's credit rating has increased from 17 to 79 which indicates very good creditworthiness.There has been no significant change in the company's credit limit.

There is insufficient data to indicate a change in this companies percentage of sales.

In the previous 12 month trading period Net Worth increased by 12.5%.

A 5.5% growth in Total Assets occurred in the previous 12 month trading period.

There is insufficient data to indicate a change in this companies pre-tax profit.

The company saw an decrease in their Cash Balance of 28.4% in the previous 12 month trading period.

The company is exempt from audit.

The company has undergone recent changes in its directorships.

The company is not part of a group.

The positive change in the P&L Account Reserve suggests that the company made a profit after tax and other appropriations.

The company was established over 31 years ago.


3/11

Last 3 Years Credit Rating/Limit

Key Financials

CCJ

Exact CCJ Details

There are no exact CCJ details

Possible CCJ Details

There are no possible CCJ details

Writ Details

There are no writ details

Mortgage Summary

Comprehensive Report

Summary Payment HistoryYou Login - Archie Bell

Your User ID - 100068401

ELAP ENGINEERING LIMITED 01377278

Date Rating Limit31/12/2010 79 25,000

31/12/2009 72 15,500

31/12/2008 80 15,500

Year to Date Turnover Pre Tax Profit Shareholder Funds Employees

30/09/2009 - - 411,135 -

30/09/2008 - - 365,589 -

30/09/2007 - - 290,672 -

Total Number of Exact

CCJs -

0 Total Value of Exact CCJs -

Total Number of Possible

CCJs -

0 Total Value of Possible

CCJs -

Total Number of Satisfied

CCJs -

0 Total Value of Satisfied

CCJs -

Total Number of Writs - 0

Outstanding 2

Satisfied 0


4/11

Current Directors


DirectorsYou Login - Archie Bell



Total Current Directors 3

Total Current Secretaries 1

Total Previous Directors / Company

Secretaries

1

Current Company Secretary

Top 20 Shareholders

Name Christopher John Lord Date of Birth 06/08/1970

Officers Title Mr Nationality British

Present Appointments 7 Function Director

Appointment Date 31/08/1991

Address Barnsteads Barn, Waddington Road, West Bradford, Clitheroe, BB7 4SX

Name David Thomas Newns Date of Birth 05/09/1984




Address 232 Cherry Tree Road, , Blackpool, FY4 4PT

Name David Anderton Date of Birth 13/05/1975




Address 31 Willow Park, Oswaldtwistle, Accrington, BB5 3QY

Name Christopher John Lord Date of Birth 06/08/1970


Present Appointments 7 Function Company Secretary


Address Barnsteads Barn, Waddington Road, West Bradford, Clitheroe, BB7 4SX

Name Individual Share Value

CHRISTOPHER JOHN LORD 50 ORDINARY GBP 1.00


5/11

Profit & Loss

Balance Sheet


FinancialsYou Login - Archie Bell



Date Of Accounts 30/09/09 (%) 30/09/08 (%) 30/09/07 (%) 30/09/06 (%) 30/09/05Weeks 52 (%) 52 (%) 52 (%) 52 (%) 52

Currency GBP (%) GBP (%) GBP (%) GBP (%) GBP

Consolidated A/cs N (%) N (%) N (%) N (%) N

Turnover - - - - - - - - -

Export - - - - - - - - -

Cost of Sales - - - - - - - - -

Gross Profit - - - - - - - - -

Wages & Salaries - - - - - - - - -

Directors Emoluments - - - - - - - - -

Operating Profit - - - - - - - - -

Depreciation 17,311 -11.1% 19,473 13.3% 17,191 12.6% 15,266 -26.2% 20,698

Audit Fees - - - - - - - - -

Interest Payments - - - - - - - - -

Pre Tax Profit - - - - - - - - -

Taxation - - - - - - - - -Profit After Tax - - - - - - - - -

Dividends Payable - - - - - - - - -

Retained Profit - - - - - - - - -

Date Of Accounts 30/09/09 (%) 30/09/08 (%) 30/09/07 (%) 30/09/06 (%) 30/09/05

Tangible Assets 103,308 -13.5% 119,475 -1.8% 121,649 -2.5% 124,756 -1.8% 127,093

Intangible Assets 0 - 0 - 0 - 0 - 0

Total Fixed Assets 103,308 -

13.5%

119,475 -1.8% 121,649 -2.5% 124,756 -1.8% 127,093

Stock 194,314 16% 167,457 31.4% 127,418 43.1% 89,036 4.2% 85,408

Trade Debtors 282,241 30.4% 216,517 -30.9% 313,561 54.6% 202,758 - 0

Cash 103,419 -28.4% 144,361 -12.5% 164,984 14% 144,707 -

42.8%

253,113

Other Debtors 0 - 0 - 0 - 0 -100% 103,665

Miscellaneous Current

Assets

0 - 0 - 0 - 0 - 0

Total Current Assets 579,974 9.8% 528,335 -

12.8%

605,963 38.8% 436,501 -1.3% 442,186

Trade Creditors 268,391 -1.9% 273,709 -37.4% 436,940 21.8% 358,762 - 0

Bank Loans & Overdrafts 0 - 0 - 0 - 0 - 0

Other Short Term Finance 0 - 0 - 0 - 0 - 0

Miscellaneous Current

Liabilities

0 - 0 - 0 - 0 -100% 378,347

Total Current Liabilities 268,391 -1.9% 273,709 -

37.4%

436,940 21.8% 358,762 -5.2% 378,347

Bank Loans & Overdrafts 3,756 -55.9% 8,512 - 0 -100% 18,216 -3.1% 18,797

and LTL


6/11

and LTL

Other Long Term Finance 0 - 0 - 0 - 0 - 0

Total Long Term

Liabilities

3,756 -

55.9%

8,512 - 0 -100% 18,216 -3.1% 18,797


7/11

Capital & Reserves

Other Financial Items

Cash Flow

Miscellaneous

Ratios

Date Of Accounts 30/09/09 (%) 30/09/08 (%) 30/09/07 (%) 30/09/06 (%) 30/09/05

Called Up Share Capital 50 - 50 - 50 - 50 - 50

P & L Account Reserve 411,085 12.5% 365,539 25.8% 290,622 57.8% 184,229 7.1% 172,085

Revaluation Reserve - - - - - - - - -

Sundry Reserves - - - - - - - - -Shareholder Funds 411,135 12.5% 365,589 25.8% 290,672 57.7% 184,279 7.1% 172,135

Date Of Accounts 30/09/09 (%) 30/09/08 (%) 30/09/07 (%) 30/09/06 (%) 30/09/05

Net Worth 411,135 12.5% 365,589 25.8% 290,672 57.7% 184,279 7.1% 172,135

Working Capital 311,583 22.4% 254,626 50.6% 169,023 117.4% 77,739 21.8% 63,839

Total Assets 683,282 5.5% 647,810 -11% 727,612 29.6% 561,257 -1.4% 569,279

Total Liabilities 272,147 -3.6% 282,221 -35.4% 436,940 15.9% 376,978 -5.1% 397,144

Net Assets 411,135 12.5% 365,589 25.8% 290,672 57.7% 184,279 7.1% 172,135

Date Of Accounts 30/09/09 (%) 30/09/08 (%) 30/09/07 (%) 30/09/06 (%) 30/09/05

Net Cashflow from Operations - - - - - - - - -Net Cashflow before Financing - - - - - - - - -

Net Cashflow from Financing - - - - - - - - -

Increase in Cash - - - - - - - - -

Date Of Accounts 30/09/09 (%) 30/09/08 (%) 30/09/07 (%) 30/09/06 (%) 30/09/05

Contingent Liability NO - NO - NO - NO - NO

Capital Employed 414,891 10.9% 374,101 28.7% 290,672 43.5% 202,495 6.1% 190,932

Number of Employees - - - - - - - - -

Auditors

Auditor Comments The company is exempt from audit

Bankers BARCLAYS BANK PLC

Bank Branch Code

Date Of Accounts 30/09/09 30/09/08 30/09/07 30/09/06 30/09/05

Pre-tax profit margin % - - - - -

Current ratio 2.16 1.93 1.39 1.22 1.17

Sales/Net Working Capital - - - - -

Gearing % 0.90 2.30 0 9.90 10.90

Equity in % 60.20 56.40 39.90 32.80 30.20

Creditor Days - - - - -

Debtor Days - - - - -

Liquidity/Acid Test 1.43 1.31 1.10 0.97 0.94

Return On Capital Employed % - - - - -

Return On Total Assets Employed % - - - - -


8/11

p y

Current Debt Ratio 0.65 0.74 1.50 1.94 2.20

Total Debt Ratio 0.66 0.77 1.50 2.04 2.31

Stock Turnover Ratio % - - - - -

Return on Net Assets Employed % - - - - -



9/11

Status History

Event History

Rating History

Limit History


Event HistoryYou Login - Archie Bell



No Status History found

Date Description

22/09/2010 Annual Returns View Document

30/06/2010 New Accounts Filed View Document

30/06/2010 New Accounts Filed View Document25/06/2010 New Board Member Mr D. Anderton appointed View Document

04/02/2010 Mr F. Lord has left the board View Document








20/06/2006 New Board Member (DAVID THOMASNEWNS) appointed View Document



Date Rating Description

30/06/2010 79 Very Good Credit Worthiness

25/06/2010 17 Caution - Credit at your discretion

19/06/2010 13 Caution - Credit at your discretion

04/02/2010 67 Good Credit Worthiness


13/08/2009 64 Good Credit Worthiness07/08/2009 Not Rated Financial Statements too old


08/08/2006 70 Good Credit Worthiness


Date Limit

30/06/2010 25,000

19/06/2010 0

04/02/2010 14,000

05/10/2009 15,500

13/08/2009 13,500

07/08/2009 -


10/11

Previous Company Names

06/08/2008 15,500

08/08/2006 18,000

17/06/2004 27,500

Date Previous Name Companies House Documents31/12/1978 NAILIT LIMITED View Document



11/11

Group Structure Summary

Group structure


Group StructureYou Login - Archie Bell



Company Name ELAP ENGINEERING LIMITED Company Number 01377278

Holding Company - Ownership Status

Ultimate Holding Company - Companies in group -

No group structure