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

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

ELLEN SHIRLEY LIMITED - Company Information

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REGISTERED NUMBER: 00582408 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 January 2022

for

Ellen Shirley Limited
Ellen Shirley Limited (Registered number: 00582408)






Contents of the Financial Statements
for the year ended 31 January 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Ellen Shirley Limited

Company Information
for the year ended 31 January 2022







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
Page 1
Ellen Shirley Limited (Registered number: 00582408)

Abridged Balance Sheet
31 January 2022

31/1/22 31/1/21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 181,826 185,183

CURRENT ASSETS
Stocks 2,500 1,200
Debtors 7,898 9,844
Cash at bank and in hand 37,887 17,355
48,285 28,399
CREDITORS
Amounts falling due within one year 6,789 6,082
NET CURRENT ASSETS 41,496 22,317
TOTAL ASSETS LESS CURRENT
LIABILITIES
223,322
207,500

PROVISIONS FOR LIABILITIES 22,085 19,228
NET ASSETS 201,237 188,272

CAPITAL AND RESERVES
Called up share capital 5 1,000 1,000
Retained earnings 200,237 187,272
SHAREHOLDERS' FUNDS 201,237 188,272

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 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 notes form part of these financial statements

Page 2 continued...
Ellen Shirley Limited (Registered number: 00582408)

Abridged Balance Sheet - continued
31 January 2022


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 January 2022 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 and authorised for issue on 13 April 2022 and were signed by:





S J Fleming - Director


The notes form part of these financial statements

Page 3
Ellen Shirley Limited (Registered number: 00582408)

Notes to the Financial Statements
for the year ended 31 January 2022

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

Government grants
Covid-19 grants provided by the government are revenue-based grants and have been accounted for using the Accrual model. The grant has been recognised as income on a systematic basis over the period in which the entity recognises the related loss for which the grant is intended to compensate.

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 2 (2021 - 3 ) .

Page 4 continued...
Ellen Shirley Limited (Registered number: 00582408)

Notes to the Financial Statements - continued
for the year ended 31 January 2022

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 February 2021
and 31 January 2022 272,207
DEPRECIATION
At 1 February 2021 87,024
Charge for year 3,357
At 31 January 2022 90,381
NET BOOK VALUE
At 31 January 2022 181,826
At 31 January 2021 185,183

Cost or valuation at 31 January 2022 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 31/1/22 31/1/21
value: £    £   
1,000 Ordinary £1 1,000 1,000

Page 5