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REGISTERED NUMBER: 03313474 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2022

for

Ellis & Co (Accountants & Business
Advisers) Limited

Ellis & Co (Accountants & Business
Advisers) Limited (Registered number: 03313474)






Contents of the Financial Statements
for the Year Ended 30 April 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Ellis & Co (Accountants & Business
Advisers) Limited

Company Information
for the Year Ended 30 April 2022







Directors: C R Ellis
J R Ellis
W J Moorhouse
J M Farrell





Secretary: K M Ellis





Registered office: 114-120 Northgate Street
Chester
CH1 2HT





Registered number: 03313474 (England and Wales)






Ellis & Co (Accountants & Business
Advisers) Limited (Registered number: 03313474)

Statement of Financial Position
30 April 2022

30/4/22 30/4/21
Notes £    £    £    £   
Fixed assets
Intangible assets 4 130,000 195,000
Tangible assets 5 2,389 4,353
132,389 199,353

Current assets
Debtors 6 369,011 335,190
Cash at bank 129,892 13,192
498,903 348,382
Creditors
Amounts falling due within one year 7 248,140 199,394
Net current assets 250,763 148,988
Total assets less current liabilities 383,152 348,341

Creditors
Amounts falling due after more than
one year

8

(88,824

)

(101,198

)

Provisions for liabilities (164 ) (473 )
Net assets 294,164 246,670

Capital and reserves
Called up share capital 10 1,000 1,000
Retained earnings 293,164 245,670
Shareholders' funds 294,164 246,670

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 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.

Ellis & Co (Accountants & Business
Advisers) Limited (Registered number: 03313474)

Statement of Financial Position - continued
30 April 2022


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2022 and were signed on its behalf by:





C R Ellis - Director


Ellis & Co (Accountants & Business
Advisers) Limited (Registered number: 03313474)

Notes to the Financial Statements
for the Year Ended 30 April 2022

1. Statutory information

Ellis & Co (Accountants & Business Advisers) 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.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 33% on cost
Fixtures and fittings - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


Ellis & Co (Accountants & Business
Advisers) Limited (Registered number: 03313474)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2022

2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Operating leases
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 14 (2021 - 16 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 May 2021
and 30 April 2022 650,000
Amortisation
At 1 May 2021 455,000
Amortisation for year 65,000
At 30 April 2022 520,000
Net book value
At 30 April 2022 130,000
At 30 April 2021 195,000

Ellis & Co (Accountants & Business
Advisers) Limited (Registered number: 03313474)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2022

5. Tangible fixed assets
Fixtures
Office and
equipment fittings Totals
£    £    £   
Cost
At 1 May 2021 47,825 5,366 53,191
Additions 2,535 - 2,535
Disposals (3,246 ) - (3,246 )
At 30 April 2022 47,114 5,366 52,480
Depreciation
At 1 May 2021 44,187 4,651 48,838
Charge for year 3,784 715 4,499
Eliminated on disposal (3,246 ) - (3,246 )
At 30 April 2022 44,725 5,366 50,091
Net book value
At 30 April 2022 2,389 - 2,389
At 30 April 2021 3,638 715 4,353

6. Debtors: amounts falling due within one year
30/4/22 30/4/21
£    £   
Trade debtors 254,713 253,639
Other debtors 114,298 81,551
369,011 335,190

7. Creditors: amounts falling due within one year
30/4/22 30/4/21
£    £   
Bank loans and overdrafts 5,608 5,145
Trade creditors 19,278 10,191
Taxation and social security 161,049 155,474
Other creditors 62,205 28,584
248,140 199,394

Ellis & Co (Accountants & Business
Advisers) Limited (Registered number: 03313474)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2022

8. Creditors: amounts falling due after more than one year
30/4/22 30/4/21
£    £   
Bank loans 3,496 9,104
Other creditors 85,328 92,094
88,824 101,198

9. Secured debts

The following secured debts are included within creditors:

30/4/22 30/4/21
£    £   
Bank loans 9,104 14,249

The bank overdraft and bank loan are secured by a fixed and floating charge over the company's assets.

10. Called up share capital

Number: Class: Nominal 30/04/22 30/04/21
value: £ £
500/1000 Ordinary £1 500 1,000
300 A Ordinary £1 300
100 B Ordinary £1 100
100 C Ordinary £1 100

During the year 500 of the 1000 Ordinary shares were redesignated as 300 A Ordinary shares, 100 B Ordinary shares and 100 C Ordinary shares.

11. Related party disclosures

The directors have made loans to the company. The balance on these loans at 30 April 2022 was £103,476 (2021 : £64,648). The loans are interest free.