MALCOLM ELLIOT STORES LIMITED

MALCOLM ELLIOT STORES LIMITED

MALCOLM ELLIOT STORES LIMITED - Company Information

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MALCOLM ELLIOT STORES LIMITED

Company Registration Number:
SC323900 (Scotland)

Unaudited abridged accounts for the year ended 31 January 2019

Period of accounts

Start date: 01 February 2018

End date: 31 January 2019

MALCOLM ELLIOT STORES LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2019

Balance sheet
Notes

MALCOLM ELLIOT STORES LIMITED

Balance sheet

As at 31 January 2019


Notes
2019
2018


£
£
Fixed assets
Tangible assets: 3 184,178 179,803
Total fixed assets: 184,178 179,803
Current assets
Stocks: 80,314 58,961
Debtors:   54,145 71,113
Cash at bank and in hand: 329,859 356,524
Total current assets: 464,318 486,598
Creditors: amounts falling due within one year:   (108,732) (161,220)
Net current assets (liabilities): 355,586 325,378
Total assets less current liabilities: 539,764 505,181
Provision for liabilities: (4,586) (4,586)
Total net assets (liabilities): 535,178 500,595
Capital and reserves
Called up share capital: 104 100
Profit and loss account: 535,074 500,495
Shareholders funds: 535,178 500,595

The notes form part of these financial statements

MALCOLM ELLIOT STORES LIMITED

Balance sheet statements

For the year ending 31 January 2019 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 October 2019
and signed on behalf of the board by:

Name: GMS Ellis
Status: Director

The notes form part of these financial statements

MALCOLM ELLIOT STORES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

MALCOLM ELLIOT STORES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2019

2. Employees

2019 2018
Average number of employees during the period 21 21

MALCOLM ELLIOT STORES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2019

3. Tangible Assets

Total
Cost £
At 01 February 2018 204,372
Additions 8,670
At 31 January 2019 213,042
Depreciation
At 01 February 2018 24,569
Charge for year 4,295
At 31 January 2019 28,864
Net book value
At 31 January 2019 184,178
At 31 January 2018 179,803

MALCOLM ELLIOT STORES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2019

4. Loans to directors

Name of director receiving advance or credit: GMS Ellis
Description of the loan: loan to company - interest free
£
Balance at 01 February 2018 1,108
Advances or credits repaid: 910
Balance at 31 January 2019 198
Name of director receiving advance or credit: S McFarlane
Description of the loan: loan to company - interest free
£
Balance at 01 February 2018 3,000
Balance at 31 January 2019 3,000

MALCOLM ELLIOT STORES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2019

5. Related party transactions

Name of the related party: Ellis Properties Ltd
Relationship:
Common control
Description of the Transaction: loan - interest free
£
Balance at 01 February 2018 50,000
Balance at 31 January 2019 50,000
Name of the related party: Fraysia Ltd
Relationship:
Common control
Description of the Transaction: loan - interest free
£
Balance at 01 February 2018 10,000
Balance at 31 January 2019 10,400