Abbreviated Company Accounts - A.T. ELLIS LIMITED

Abbreviated Company Accounts - A.T. ELLIS LIMITED

A.T. ELLIS LIMITED - Company Information

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Registered Number 00850362

A.T. ELLIS LIMITED

Abbreviated Accounts

31 May 2015

A.T. ELLIS LIMITED Registered Number 00850362

Abbreviated Balance Sheet as at 31 May 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 191,588 197,696
Investments 3 840,000 400,000
1,031,588 597,696
Current assets
Debtors 47,392 34,967
Cash at bank and in hand 76,614 487,964
124,006 522,931
Creditors: amounts falling due within one year (124,206) (129,419)
Net current assets (liabilities) (200) 393,512
Total assets less current liabilities 1,031,388 991,208
Provisions for liabilities (21) (24)
Total net assets (liabilities) 1,031,367 991,184
Capital and reserves
Called up share capital 4 93 93
Profit and loss account 1,031,274 991,091
Shareholders' funds 1,031,367 991,184
  • For the year ending 31 May 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 25 February 2016

And signed on their behalf by:
R Ellis, Director
T M Ellis, Director

A.T. ELLIS LIMITED Registered Number 00850362

Notes to the Abbreviated Accounts for the period ended 31 May 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention.

Tangible assets depreciation policy
Depreciation is provided on a straight line or reducing balance basis over the expected useful lives of each category of tangible fixed assets:

Freehold Buildings - 2% per annum on cost
Fixtures and Fittings - 10% per annum on written down value

Other accounting policies
Investments

All investments are stated at cost less provision for any permanent diminution in value. Market value is based on the closing middle market price.


Deferred Taxation

Deferred taxation is recognised in respect of all timing differences, between the treatment of certain items for accounts purposes and their treatment for tax purposes, that have originated but not reversed by the balance sheet date.

Deferred taxation is not recognised when assets are revalued unless, by the balance sheet date, the company has entered into a binding agreement to sell the assets and recognised the gains and losses expected to arise on sale or where assets have been sold and it is expected that the taxable gain will be rolled over into a replacement asset.


Cash Flow Statement

The company qualifies as a small company under the Companies Act 2006. The directors have elected to take advantage of the exemptions under FRS 1 not to prepare a cash flow statement.

2Tangible fixed assets
£
Cost
At 1 June 2014 307,906
Additions 8,000
Disposals (8,000)
Revaluations -
Transfers -
At 31 May 2015 307,906
Depreciation
At 1 June 2014 110,210
Charge for the year 6,108
On disposals -
At 31 May 2015 116,318
Net book values
At 31 May 2015 191,588
At 31 May 2014 197,696

3Fixed assets Investments
Cost:
Prudential Bond - £400,000 (2014: £400,000)
Legal and General Bond - £440,000 (2014: £Nil)

Market Value - £949,649 (2014: £463,394)

4Called Up Share Capital
Allotted, called up and fully paid:
2015
£		 2014
£
93 Ordinary shares of £1 each 93 93