Report generated on 20:39 Monday, 28 February 2011

Comprehensive Report
Summary – Company Info & Risk You Login - Archie Bell
Summary Your User ID - 100068401
ELAP ENGINEERING LIMITED 01377278

Company Name ELAP ENGINEERING Company Number 01377278

LIMITED
Registered Address FORT STREET Trading Address Fort Street
Accrington
ACCRINGTON BB5 1QG
BB5 1QG

Website Address http://www.elap.co.uk

Telephone Number 01254871599 Fax Number
TPS No FPS No
Incorporation Date 06/07/1978 Company Status Active - Accounts Filed
Previous Name NAILIT LIMITED Type Private limited with Share
Capital
Filing Date of Accounts 22/06/2010
Date of Change 31/12/1978 Share Capital £50
Sic Code 2852 Currency GBP
Sic Description GENERAL MECHANICAL ENGINEERING
Principal Activity The provision of general mechanical engineering.

Credit Rating & Limit

79 Todays Rating [1-100] 79 Previous Rating [0-100] 17
Todays Limit £25,000 Previous Limit £0
Todays Contract Limit £50,000

Rating - Key Financials Filed / Established

Rating Description
71-100 Very Good Credit Worthiness
51-70 Good Credit Worthiness
30-50 Credit Worthy
21-29 Credit Against Collateral
1-20 Caution - Credit at your discretion
Not Rated Please see report for description

Rating - Newly Incorporated

Rating Description
51-100 Low Risk
30-50 Moderate Risk
1-29 Caution - High risk
Not Rated Please see report for description

Limit Definition
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.

Commentary
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.
 Comprehensive Report
You Login - Archie Bell
Summary – Payment History
Your User ID - 100068401
ELAP ENGINEERING LIMITED 01377278

Last 3 Years Credit Rating/Limit

Date Rating Limit
31/12/2010 79 £25,000
31/12/2009 72 £15,500
31/12/2008 80 £15,500

Key Financials
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 -

CCJ
Total Number of Exact 0 Total Value of Exact CCJs -
CCJs -
Total Number of Possible 0 Total Value of Possible
CCJs - CCJs -
Total Number of Satisfied 0 Total Value of Satisfied
CCJs - CCJs -
Total Number of Writs - 0

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
Outstanding 2
Satisfied 0
 Comprehensive Report
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Directors
Your User ID - 100068401
ELAP ENGINEERING LIMITED 01377278
Total Current Directors 3
Total Current Secretaries 1
Total Previous Directors / Company 1
Secretaries

Current Directors
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

Officers Title Mr Nationality British
Present Appointments 5 Function Director
Appointment Date 19/05/2006
Address 232 Cherry Tree Road, , Blackpool, FY4 4PT

Name David Anderton Date of Birth 13/05/1975

Officers Title Mr Nationality British
Present Appointments 1 Function Director
Appointment Date 20/05/2010
Address 31 Willow Park, Oswaldtwistle, Accrington, BB5 3QY

Current Company Secretary

Name Christopher John Lord Date of Birth 06/08/1970
Officers Title Mr Nationality British
Present Appointments 7 Function Company Secretary
Appointment Date 31/08/1991
Address Barnsteads Barn, Waddington Road, West Bradford, Clitheroe, BB7 4SX

Top 20 Shareholders
Name Individual Share Value
CHRISTOPHER JOHN LORD 50 ORDINARY GBP 1.00
 Comprehensive Report
You Login - Archie Bell
Financials
Your User ID - 100068401
ELAP ENGINEERING LIMITED 01377278

Profit & Loss

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

Balance Sheet
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 - £119,475 -1.8% £121,649 -2.5% £124,756 -1.8% £127,093
13.5%
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 - £253,113
42.8%
Other Debtors 0 - 0 - 0 - 0 -100% £103,665
Miscellaneous Current 0 - 0 - 0 - 0 - 0
Assets
Total Current Assets £579,974 9.8% £528,335 - £605,963 38.8% £436,501 -1.3% £442,186
12.8%
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 0 - 0 - 0 - 0 -100% £378,347
Liabilities
Total Current Liabilities £268,391 -1.9% £273,709 - £436,940 21.8% £358,762 -5.2% £378,347
37.4%
Bank Loans & Overdrafts £3,756 -55.9% £8,512 - 0 -100% £18,216 -3.1% £18,797
and LTL
Other Long Term Finance 0 - 0 - 0 - 0 - 0
Total Long Term £3,756 - £8,512 - 0 -100% £18,216 -3.1% £18,797
Liabilities 55.9%
Capital & Reserves
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

Other Financial Items

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

Cash Flow
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 - - - - - - - - -

Miscellaneous
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

Ratios
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 % - - - - -
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 % - - - - -
 Comprehensive Report
You Login - Archie Bell
Event History
Your User ID - 100068401
ELAP ENGINEERING LIMITED 01377278

Status History
No Status History found

Event History
Date Description
22/09/2010 Annual Returns View Document
30/06/2010 New Accounts Filed View Document
30/06/2010 New Accounts Filed View Document
25/06/2010 New Board Member Mr D. Anderton appointed View Document
04/02/2010 Mr F. Lord has left the board View Document
05/10/2009 Annual Returns View Document
13/08/2009 New Accounts Filed View Document
18/09/2008 Annual Returns View Document
06/08/2008 New Accounts Filed View Document
14/01/2008 Annual Returns View Document
10/08/2007 New Accounts Filed View Document
08/08/2006 New Accounts Filed View Document
20/06/2006 New Board Member (DAVID THOMASNEWNS) appointed View Document
17/08/2005 New Accounts Filed View Document
08/10/2004 Annual Returns View Document

Rating History
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
05/10/2009 72 Very Good Credit Worthiness
13/08/2009 64 Good Credit Worthiness
07/08/2009 Not Rated Financial Statements too old
06/08/2008 80 Very Good Credit Worthiness
08/08/2006 70 Good Credit Worthiness
17/06/2004 80 Very Good Credit Worthiness

Limit History
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 -
06/08/2008 £15,500
08/08/2006 £18,000
17/06/2004 £27,500

Previous Company Names

Date Previous Name Companies House Documents
31/12/1978 NAILIT LIMITED View Document
 Comprehensive Report
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Group Structure
Your User ID - 100068401
ELAP ENGINEERING LIMITED 01377278

Group Structure Summary

Company Name ELAP ENGINEERING LIMITED Company Number 01377278
Holding Company - Ownership Status
Ultimate Holding Company - Companies in group -

Group structure
No group structure