Ellie Rose Travel Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04098734 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2020

for

Ellie Rose Travel Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S Houghton

S Houghton

REGISTERED OFFICE:

Tower House Lane

Hedon Road

Saltend

Hull

East Yorkshire

HU12 8EE

REGISTERED NUMBER:

04098734 (England and Wales)

ACCOUNTANTS:

cbaSadofskys

Chartered Accountants

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX

BANKERS:

Santander UK plc

6-8 King Edward Street

Hull

East Yorkshire

HU1 3SS

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

279,021

277,972

279,021

277,972

CURRENT ASSETS

Debtors

6

129,150

146,434

Cash at bank and in hand

9,503

193

138,653

146,627

CREDITORS

Amounts falling due within one year

7

198,685

220,867

NET CURRENT LIABILITIES

(60,032

)

(74,240

)

TOTAL ASSETS LESS CURRENT LIABILITIES

218,989

203,732

CREDITORS

Amounts falling due after more than one year

8

2,236

17,875

NET ASSETS

216,753

185,857

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

216,653

185,757

SHAREHOLDERS' FUNDS

216,753

185,857

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 10th March 2021 and were signed on its behalf by:

Mrs S Houghton - Director

1.	STATUTORY INFORMATION

Ellie Rose Travel 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of four years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance, 15% on reducing balance and at variable rates on reducing balance

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.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 43 (2019 - 45 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2019

and 31st March 2020

17,000

AMORTISATION

At 1st April 2019

and 31st March 2020

17,000

NET BOOK VALUE

At 31st March 2020

-

At 31st March 2019

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2019

457,999

Additions

31,970

At 31st March 2020

489,969

DEPRECIATION

At 1st April 2019

180,027

Charge for year

30,921

At 31st March 2020

210,948

NET BOOK VALUE

At 31st March 2020

279,021

At 31st March 2019

277,972

The net book value of tangible fixed assets includes £ 60,697 (2019 - £ 79,970 ) in respect of assets held under hire purchase contracts.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

117,503

130,395

Other debtors

170

170

Prepayments

11,477

15,869

129,150

146,434

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Bank loans and overdrafts

33,015

53,637

Hire purchase contracts

24,096

29,625

Trade creditors

18,745

36,430

Amounts owed to group undertakings

744

744

Social security and other taxes

19,605

7,068

Other creditors

2,111

3,662

Directors' current accounts

96,369

85,901

Accrued expenses

4,000

3,800

198,685

220,867

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Hire purchase contracts

2,236

17,875

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

100

Ordinary

£1

100

100