Elliot made over 30 appearances for the club last season before leaving at Christmas and joining Newport Pagnell Town.
Graham Drury commented, "I am so chuffed Elliot re signed for us i have chased him all summer if Elliot hadn't picked up his injuries last season he would of been one of the best signing last season hopefully he will have a season where he can show the fans what a very good player he is. We only have to look at his last two performances in a stamford shirt to know that and to top it off 2 goals in his last two games. Big welcome back."