Ellenvale Interiors Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 13206757 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD 17 FEBRUARY 2021 TO 28 FEBRUARY 2022

FOR

ELLENVALE INTERIORS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Miss A G Johnson

REGISTERED OFFICE:

20 Norton Park Road

Sheffield

South Yorkshire

S8 8GQ

REGISTERED NUMBER:

13206757 (England and Wales)

ACCOUNTANTS:

Drury & Co

Accountants & Business Advisors

21 Hollowgate

Rotherham

South Yorkshire

S60 2LE

FIXED ASSETS

Tangible assets

4

907

CURRENT ASSETS

Stocks

5

7,899

Cash at bank

4,253

12,152

CREDITORS

Amounts falling due within one year

6

13,400

NET CURRENT LIABILITIES

(1,248

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(341

)

CAPITAL AND RESERVES

Called up share capital

7

1

Retained earnings

(342

)

SHAREHOLDERS' FUNDS

(341

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 April 2022 and were signed by:

Miss A G Johnson - Director

1.	STATUTORY INFORMATION

Ellenvale Interiors Ltd 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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

Additions

1,210

At 28 February 2022

1,210

DEPRECIATION

Charge for period

303

At 28 February 2022

303

NET BOOK VALUE

At 28 February 2022

907

5.

STOCKS

£

Stocks

7,899

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other creditors

13,400

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary shares

£1

1

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the reporting date, the company was indebted to a director in the sum of £10,914.

There are no formal repayment terms attached to this loan and interest is not being charged.