Ellen Shirley Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00582408 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2019

for

Ellen Shirley Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S J Fleming

SECRETARY:

S J Fleming

REGISTERED OFFICE:

Percival Street Mill

Percival Street

Blackburn

Lancashire

BB1 6NH

REGISTERED NUMBER:

00582408 (England and Wales)

ACCOUNTANTS:

Mayes Business Partnership Ltd

Chartered Certified Accountants

22-28 Willow Street

Accrington

Lancashire

BB5 1LP

FIXED ASSETS

Tangible assets

4

190,400

194,155

CURRENT ASSETS

Stocks

3,300

3,500

Debtors

3,695

7,433

Cash at bank and in hand

35,571

55,620

42,566

66,553

CREDITORS

Amounts falling due within one year

13,923

19,135

NET CURRENT ASSETS

28,643

47,418

TOTAL ASSETS LESS CURRENT LIABILITIES

219,043

241,573

PROVISIONS FOR LIABILITIES

20,567

24,277

NET ASSETS

198,476

217,296

CAPITAL AND RESERVES

Called up share capital

5

1,000

1,000

Retained earnings

197,476

216,296

SHAREHOLDERS' FUNDS

198,476

217,296

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 10 October 2019 and were signed by:

S J Fleming - Director

1.	STATUTORY INFORMATION

Ellen Shirley Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

The turnover shown in the profit and loss account represents revenue recognised by the company in respect of

goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

The company operates as a waste paper merchant and scrap metal dealer to other businesses and the public.

Revenue is recognised in the accounting period in which the services are rendered when the outcome of contract

can be estimated reliably.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

straight line over 25 years

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

10% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Financial instruments

Basic financial assets, including trade and other receivables, cash and bank balances and investments in

commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing

transaction, where the transaction is measured at the present value of the future receipts discounted at a market

rate of interest.

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies

and preference shares that are classified as debt, are initially recognised at transaction price, unless the

arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the

future receipts discounted at a market rate of interest.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

Leasing and rental of assets

The costs of operating leases are charged to profit and loss account as incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2018 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1 August 2018

275,202

Disposals

(2,995

)

At 31 July 2019

272,207

DEPRECIATION

At 1 August 2018

81,047

Charge for year

3,660

Eliminated on disposal

(2,900

)

At 31 July 2019

81,807

NET BOOK VALUE

At 31 July 2019

190,400

At 31 July 2018

194,155

Cost or valuation at 31 July 2019 is represented by:

Totals

£

Valuation in 2015

179,050

Cost

93,157

272,207

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/7/19

31/7/18

value:

£

£

1,000

Ordinary

£1

1,000

1,000