Company registration number 05731379 (England and Wales)
ELLIEFY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2023
31 March 2023
PAGES FOR FILING WITH REGISTRAR
ELLIEFY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
ELLIEFY LIMITED
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,421
2,474
Current assets
Debtors
4
26,700
37,359
Cash at bank and in hand
124,274
82,728
150,974
120,087
Creditors: amounts falling due within one year
5
(27,922)
(32,530)
Net current assets
123,052
87,557
Net assets
124,473
90,031
Capital and reserves
Called up share capital
6
105
105
Profit and loss reserves
124,368
89,926
Total equity
124,473
90,031
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 15 September 2023 and are signed on its behalf by:
E Wallace
Director
Company registration number 05731379 (England and Wales)
ELLIEFY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 2 -
1
Accounting policies
Company information
Elliefy Limited is a private company limited by shares incorporated in England and Wales. The registered office is Wavertree, Shrubbs Hill Lane, Ascot, Berkshire, SL5 0LD.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Revenue is measured upon the completion of the services provided to customers on a daily basis and is measured at the fair value of the consideration received or receivable.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
3 years straight line
Computer equipment
3 years straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include only cash in hand.
1.5
Financial instruments
The company only has financial instruments which are classified as basic financial instruments.
Short-term debtors and creditors are measured at the settlement value. Any losses from impairment are recognised in profit and loss.
ELLIEFY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 3 -
1.6
Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
2
2
3
Tangible fixed assets
Plant and equipment
Computer equipment
Total
£
£
£
Cost
At 1 April 2022
5,428
11,584
17,012
Additions
849
849
At 31 March 2023
5,428
12,433
17,861
Depreciation and impairment
At 1 April 2022
4,662
9,876
14,538
Depreciation charged in the year
284
1,618
1,902
At 31 March 2023
4,946
11,494
16,440
Carrying amount
At 31 March 2023
482
939
1,421
At 31 March 2022
766
1,708
2,474
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
13,450
27,184
Other debtors
13,250
10,175
26,700
37,359
ELLIEFY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 4 -
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
144
134
Corporation tax
18,314
22,503
Other taxation and social security
7,372
6,349
Other creditors
2,092
3,544
27,922
32,530
6
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
Ordinary B shares of £1 each
5
5
5
5
105
105
105
105