Ellis Live Limited - Accounts to registrar (filleted) - small 23.2.5

Ellis Live Limited - Accounts to registrar (filleted) - small 23.2.5

ELLIS LIVE LIMITED - Company Information

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REGISTERED NUMBER: 10011919 (England and Wales)















ELLIS LIVE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023





Charles Lovell & Co Limited
Chartered Certified Accountants
and Statutory Auditors
8 Church Green East
Redditch
Worcestershire
B98 8BP








ELLIS LIVE LIMITED (REGISTERED NUMBER: 10011919)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ELLIS LIVE LIMITED

COMPANY INFORMATION
For The Year Ended 28 FEBRUARY 2023







DIRECTORS: L. J. Ellis
M. W. Ellis





REGISTERED OFFICE: Unit 1 Stourbridge Industrial Estate
Mill Race Lane
Stourbridge
West Midlands
DY8 1JN





REGISTERED NUMBER: 10011919 (England and Wales)





ACCOUNTANTS: Charles Lovell & Co Limited
Chartered Certified Accountants
and Statutory Auditors
8 Church Green East
Redditch
Worcestershire
B98 8BP
Page 1
ELLIS LIVE LIMITED (REGISTERED NUMBER: 10011919)

BALANCE SHEET
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,013 9,611

CURRENT ASSETS
Debtors 5 1,006,649 577,060
Cash at bank and in hand 2,001,447 1,474,642
3,008,096 2,051,702
CREDITORS
Amounts falling due within one year 6 782,254 283,690
NET CURRENT ASSETS 2,225,842 1,768,012
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,263,855
1,777,623

CREDITORS
Amounts falling due after more than one
year
7
1,242,159
1,352,482
NET ASSETS 1,021,696 425,141

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,021,596 425,041
1,021,696 425,141

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 July 2023 and were signed on its behalf by:





L. J. Ellis - Director


The notes form part of these financial statements

Page 2
ELLIS LIVE LIMITED (REGISTERED NUMBER: 10011919)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Ellis Live 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.

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.
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2022 - 4 ) .

Page 3 continued...
ELLIS LIVE LIMITED (REGISTERED NUMBER: 10011919)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 28 FEBRUARY 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2022 6,813 13,236 20,049
Additions 21,612 10,932 32,544
At 28 February 2023 28,425 24,168 52,593
DEPRECIATION
At 1 March 2022 1,606 8,832 10,438
Charge for year 1,868 2,274 4,142
At 28 February 2023 3,474 11,106 14,580
NET BOOK VALUE
At 28 February 2023 24,951 13,062 38,013
At 28 February 2022 5,207 4,404 9,611

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 520,312 313,457
Other debtors 486,337 263,603
1,006,649 577,060

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 110,322 104,550
Trade creditors 105,286 66,530
Amounts owed to group undertakings 20,000 -
Taxation and social security 439,960 36,132
Other creditors 106,686 76,478
782,254 283,690

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans 1,242,159 1,352,482

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 74,076 460,421

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