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Unaudited Financial Statements for the Year Ended 31 May 2017 |
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Deliciously Ella Ltd. |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 May 2017 |
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for |
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Deliciously Ella Ltd. |
Deliciously Ella Ltd. (Registered number: 08519077) |
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Contents of the Financial Statements |
for the Year Ended 31 May 2017 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Deliciously Ella Ltd. |
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Company Information |
for the Year Ended 31 May 2017 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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19 Bowood Road |
London |
SW11 6PE |
Deliciously Ella Ltd. (Registered number: 08519077) |
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Balance Sheet |
31 May 2017 |
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31/5/17 | 31/5/16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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ACCRUALS AND DEFERRED INCOME |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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Deliciously Ella Ltd. (Registered number: 08519077) |
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Balance Sheet - continued |
31 May 2017 |
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The director acknowledges her responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and
387 of the Companies Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the
company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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Deliciously Ella Ltd. (Registered number: 08519077) |
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Notes to the Financial Statements |
for the Year Ended 31 May 2017 |
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1. | STATUTORY INFORMATION |
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Deliciously Ella Ltd. is a
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Wales. The company's registered number and registered office address can be found on the |
Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents net invoiced sales of goods and services, excluding value added tax, as |
well as royalties from book sales. |
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Tangible fixed assets |
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Computer equipment 33% straight line |
Plant & machinery 33% straight line |
Furniture & fittings 33% straight line |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income |
Statement, except to the extent that it relates to items recognised in other comprehensive |
income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that |
have been enacted or substantively enacted by the balance sheet date. |
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Deliciously Ella Ltd. (Registered number: 08519077) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 May 2017 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not |
reversed at the balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in |
periods different from those in which they are recognised in financial statements. Deferred |
tax is measured using tax rates and laws that have been enacted or substantively enacted |
by the year end and that are expected to apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it |
is probable that they will be recovered against the reversal of deferred tax liabilities or |
other future taxable profits. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Computer |
machinery | fittings | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 June 2016 |
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Additions |
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At 31 May 2017 |
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DEPRECIATION |
At 1 June 2016 |
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Charge for year |
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At 31 May 2017 |
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NET BOOK VALUE |
At 31 May 2017 |
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At 31 May 2016 |
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Deliciously Ella Ltd. (Registered number: 08519077) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 May 2017 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/5/17 | 31/5/16 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/5/17 | 31/5/16 |
£ | £ |
Hire purchase contracts |
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Trade creditors |
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Taxation and social security |
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7. | RELATED PARTY DISCLOSURES |
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During the year, total dividends of £222,144 were paid to the director . |
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During the accounting period ending 31 May 2017, the Company advanced a further net |
£210,900 (2016: £390,174) to The Mae Deli Limited. At the period end £601,075 was |
outstanding and included in other debtors. |
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During the period the company entered into a worldwide licence agreement allowing The |
Mae Deli Limited to use the Deliciously Ella Ltd brand. Based on this agreement the |
company received £243,294 of royalty income from The Mae Deli Limited which was unpaid |
at the period end and is reflected in the above debtor balance. No further royalty income is |
receivable from this licence agreement as it was terminated on 31 May 2017. |
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8. | ULTIMATE CONTROLLING PARTY |
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The controlling party is M&E Mills Holdings Limited. |