Company Registration No. 06337849 (England and Wales)
THE ELF FACTORY LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2014
THE ELF FACTORY LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
THE ELF FACTORY LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 AUGUST 2014
31 August 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
19,445
28,600
Current assets
Debtors
154,416
1,174,477
Cash at bank and in hand
1,536,333
1,064,538
1,690,749
2,239,015
Creditors: amounts falling due within one year
(1,582,892)
(2,208,277)
Net current assets
107,857
30,738
Total assets less current liabilities
127,302
59,338
Capital and reserves
Called up share capital
3
99
99
Profit and loss account
127,203
59,239
Shareholders' funds
127,302
59,338
For the financial year ended 31 August 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 27 May 2015
P Davies
Director
Company Registration No. 06337849
THE ELF FACTORY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents amounts receivable on productions in accordance with contract payment terms and other income on an accruals basis.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Leasehold
25% straight line
Plant and machinery
50% straight line
Computer equipment
2
Fixed assets
Tangible assets
£
Cost
At 1 September 2013
93,871
Additions
17,529
At 31 August 2014
111,400
Depreciation
At 1 September 2013
65,271
Charge for the year
26,684
At 31 August 2014
91,955
Net book value
At 31 August 2014
19,445
At 31 August 2013
28,600
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
99 Ordinary shares of £1 each
99
99
THE ELF FACTORY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2014
- 3 -
4
Ultimate parent company
There is no ultimate controlling party.
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