ELLSE LTD - Accounts 2014

ELLSE LTD - Accounts 2014

ELLSE LTD - Company Information

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  File Number     2721
  Security Number     2721SA070814
  Company Number     07971200
         
         
         
         
         
         
         
         
         
         
         
         
  ELLSE LTD
         
         
  ABBREVIATED UNAUDITED ACCOUNTS
         
         
  FOR THE YEAR ENDED 31 MARCH 2014
         
         
         
         
         
         
         
         
         
         
         
         
         
  INDEX TO THE ACCOUNTS
         
 
         
  Pages
         
  1 Abbreviated Balance Sheet    
         
  2-3 Notes to the Abbreviated Accounts    
         
 
         
         
         
         
         
         
         
         
         
         
  ELLSE LTD
  Company registered number: 07971200
  ABBREVIATED BALANCE SHEET
  AT 31 March 2014
           
    Note 2014 2013
      £ £ £
  FIXED ASSETS
  Tangible Assets 2 95 -
         
  CURRENT ASSETS
  Stock 1c 41,677 35,382
  Debtors falling due within one year   5,328 743
  Cash at bank and in hand   13,651 3,678
      60,656 39,803
  CREDITORS: Amounts falling due within one year   45,087 38,791
  NET CURRENT ASSETS   15,569 1,012
  NET ASSETS   £15,664 £1,012
       
  CAPITAL AND RESERVES
  Called up share capital 3 100 100
  Profit and loss account   15,564 912
  SHAREHOLDERS' FUNDS   £15,664 £1,012
       
         
  In approving these financial statements as directors of the company we hereby confirm the following:
  For the year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
         
  Directors' responsibilities:
  1) The members have not required the company to obtain an audit for its accounts for the year in question in accordance with section 476,
  2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
         
  The accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
         
  These abbreviated accounts were approved by the board of directors on 07 August 2014
 
 
         
  G Ellery , Director
   
  The notes on pages 2 to 3 form part of these accounts
  page 1
  NOTES TO THE ABBREVIATED ACCOUNTS
  FOR THE YEAR ENDED 31 MARCH 2014
       
 
1. ACCOUNTING POLICIES
     
     
1a. Basis of accounting
     
  The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
         
         
1b. Tangible fixed assets
         
  Fixed assets are shown at historical cost.
         
  Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
         
         
  Plant and machinery Reducing balance 25%    
  Vehicles Reducing balance 25%    
  Fixtures and fittings Reducing balance 15%    
  Equipment Reducing balance 25%    
       
       
1c. Stocks
       
  Stocks are stated at the lower of cost and net realisable value. Cost incurred in bringing each product to its present location and condition is based on purchase cost on a first-in, first-out basis, including transport.
       
       
1d. Taxation
       
  Corporation tax payable is provided on taxable profits at the current rate.
       
       
       
1e. Turnover
       
  Turnover comprises the value of sales (excluding VAT and similar taxes and trade discounts) of goods and services in the normal course of business.
  page 2
  ELLSE LTD
  NOTES TO THE ABBREVIATED ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 MARCH 2014
       
       
2. TANGIBLE FIXED ASSETS 2014 2013
    £ £
  Cost
       
  Additions 127 -
  At 31 March 2014 127 -
   
  Depreciation
       
  For the year 32 -
  At 31 March 2014 32 -
   
  Net Book Amounts
       
  At 31 March 2014 £95 £-
   
       
       
3. SHARE CAPITAL 2014 2013
    £ £
  Allotted, issued and fully paid:
       
  100 Ordinary shares of £1 each £100 £100
   
       
       
4. ULTIMATE CONTROLLING PARTY
       
  The ultimate controlling party is the director(s).
  page 3