Company Registration No. 05731379 (England and Wales)
ELLIEFY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2021
31 March 2021
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 2021
31 March 2021
- 1 -
2021
2020
Notes
£
£
£
£
Fixed assets
Tangible assets
3
3,195
1,230
Current assets
Debtors
4
15,286
14,737
Cash at bank and in hand
80,362
101,454
95,648
116,191
Creditors: amounts falling due within one year
5
(23,811)
(27,343)
Net current assets
71,837
88,848
Net assets
75,032
90,078
Capital and reserves
Called up share capital
6
105
105
Profit and loss reserves
74,927
89,973
Total equity
75,032
90,078
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he 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 and signed by the director and authorised for issue on 3 November 2021
E Wallace
Director
Company Registration No. 05731379
ELLIEFY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2021
31 March 2021
- 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 a
mounts
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 2021
2021-03-31
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:
2021
2020
Number
Number
Total
2
2
3
Tangible fixed assets
Plant and equipment
Computer equipment
Total
£
£
£
Cost
At 1 April 2020
4,257
8,168
12,425
Additions
621
2,958
3,579
At 31 March 2021
4,878
11,126
16,004
Depreciation and impairment
At 1 April 2020
4,065
7,130
11,195
Depreciation charged in the year
313
1,301
1,614
At 31 March 2021
4,378
8,431
12,809
Carrying amount
At 31 March 2021
500
2,695
3,195
At 31 March 2020
192
1,038
1,230
4
Debtors
2021
2020
Amounts falling due within one year:
£
£
Trade debtors
7,411
3,600
Other debtors
7,875
11,137
15,286
14,737
ELLIEFY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED
31 MARCH 2021
31 March 2021
- 4 -
5
Creditors: amounts falling due within one year
2021
2020
£
£
Trade creditors
228
216
Corporation tax
14,931
20,402
Other taxation and social security
6,256
4,967
Other creditors
2,396
1,758
23,811
27,343
6
Called up share capital
2021
2020
2021
2020
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