IRIS Accounts Production v23.3.0.418 11487865 Board of Directors 1.8.22 31.7.23 31.7.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh114878652022-07-31114878652023-07-31114878652022-08-012023-07-31114878652021-07-31114878652021-08-012022-07-31114878652022-07-3111487865ns10:Originalns15:EnglandWales2022-08-012023-07-3111487865ns14:PoundSterlingns10:Original2022-08-012023-07-3111487865ns10:Originalns10:Director12022-08-012023-07-3111487865ns10:Original2022-08-012023-07-3111487865ns10:Original2023-07-3111487865ns10:Originalns10:PrivateLimitedCompanyLtd2022-08-012023-07-3111487865ns10:Originalns10:SmallEntities2022-08-012023-07-3111487865ns10:Originalns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3111487865ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3111487865ns10:SmallCompaniesRegimeForAccountsns10:Original2022-08-012023-07-3111487865ns10:Originalns10:FullAccounts2022-08-012023-07-3111487865ns10:Originalns10:Director22022-08-012023-07-3111487865ns10:Originalns10:Director32022-08-012023-07-3111487865ns10:Originalns10:Director42022-08-012023-07-3111487865ns10:Originalns10:RegisteredOffice2022-08-012023-07-3111487865ns10:Original2022-07-3111487865ns10:Originalns5:CurrentFinancialInstruments2023-07-3111487865ns10:Originalns5:CurrentFinancialInstruments2022-07-3111487865ns10:Originalns5:Non-currentFinancialInstruments2023-07-3111487865ns10:Originalns5:Non-currentFinancialInstruments2022-07-3111487865ns5:ShareCapitalns10:Original2023-07-3111487865ns5:ShareCapitalns10:Original2022-07-3111487865ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-07-3111487865ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-07-3111487865ns10:Original2021-08-012022-07-3111487865ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2022-07-3111487865ns5:LongLeaseholdAssetsns10:Originalns5:LandBuildings2022-07-3111487865ns10:Originalns5:PlantMachinery2022-07-3111487865ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2022-08-012023-07-3111487865ns5:LongLeaseholdAssetsns10:Originalns5:LandBuildings2022-08-012023-07-3111487865ns10:Originalns5:PlantMachinery2022-08-012023-07-3111487865ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2023-07-3111487865ns5:LongLeaseholdAssetsns10:Originalns5:LandBuildings2023-07-3111487865ns10:Originalns5:PlantMachinery2023-07-3111487865ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2022-07-3111487865ns5:LongLeaseholdAssetsns10:Originalns5:LandBuildings2022-07-3111487865ns10:Originalns5:PlantMachinery2022-07-3111487865ns10:Originalns5:FurnitureFittings2022-07-3111487865ns10:Originalns5:ComputerEquipment2022-07-3111487865ns10:Original2022-07-3111487865ns10:Originalns5:FurnitureFittings2022-08-012023-07-3111487865ns10:Originalns5:ComputerEquipment2022-08-012023-07-3111487865ns10:Originalns5:FurnitureFittings2023-07-3111487865ns10:Originalns5:ComputerEquipment2023-07-3111487865ns10:Originalns5:FurnitureFittings2022-07-3111487865ns10:Originalns5:ComputerEquipment2022-07-3111487865ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3111487865ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3111487865ns10:Originalns5:WithinOneYear2023-07-3111487865ns10:Originalns5:WithinOneYear2022-07-3111487865ns5:BetweenOneFiveYearsns10:Original2023-07-3111487865ns5:BetweenOneFiveYearsns10:Original2022-07-3111487865ns10:Originalns5:MoreThanFiveYears2023-07-3111487865ns10:Originalns5:MoreThanFiveYears2022-07-3111487865ns10:Originalns5:AllPeriods2023-07-3111487865ns10:Originalns5:AllPeriods2022-07-31
REGISTERED NUMBER: 11487865 (England and Wales)















Financial Statements for the Year Ended 31 July 2023

for

The Leafy Elephant Limited

The Leafy Elephant Limited (Registered number: 11487865)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


The Leafy Elephant Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: S E Meers
S R Scott
D G Scott
C A Scott





REGISTERED OFFICE: Bracken House Bunces Shaw
Farley Hill
Reading
Berkshire
RG7 1UU





REGISTERED NUMBER: 11487865 (England and Wales)





ACCOUNTANTS: Millward, May & Co
Suite 9 Market House
21 Market Place
Wokingham
Berkshire
RG40 1AP

The Leafy Elephant Limited (Registered number: 11487865)

Statement of Financial Position
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 336,068 370,567

CURRENT ASSETS
Stocks 10,376 8,189
Debtors 5 39,346 45,399
Cash at bank and in hand 5,842 2,942
55,564 56,530
CREDITORS
Amounts falling due within one year 6 295,225 254,987
NET CURRENT LIABILITIES (239,661 ) (198,457 )
TOTAL ASSETS LESS CURRENT LIABILITIES 96,407 172,110

CREDITORS
Amounts falling due after more than one year 7 207,717 191,102
NET LIABILITIES (111,310 ) (18,992 )

CAPITAL AND RESERVES
Called up share capital 9 361,566 361,566
Retained earnings (472,876 ) (380,558 )
SHAREHOLDERS' FUNDS (111,310 ) (18,992 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 10 October 2023 and were signed on its behalf by:





S R Scott - Director


The Leafy Elephant Limited (Registered number: 11487865)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

The Leafy Elephant 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.

Long Leasehold - 50 year straight line
Plant and machinery - 25% reducing balance
Fixtures and fittings - 20% reducing balance
Computer equipment - 3 year straight line
SDLT on lease - 10 year straight line

Government grants
During the period the company received government grants as a result of the ongoing Covid-19 pandemic, in accordance with FRS102 section 24 the company has adopted the performance model as the accounting policy for recognition of such grants.

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 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 statement of financial position date.

Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments under operating leases are charged to the profit and loss account 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.

Share capital
Ordinary shares are classified as equity.

Preference shares are classified in accordance with FRS 102 paragraph 22.13 and included within liabilities and equity. The liability element is calculated as the present value of the future contractual cash flows, discounted at a market rate of interest for a similar liability that does not have the associated equity component. The interest expense will be calculated using the effective interest method and charged to profit or loss each year.The equity element is calculated as any residual value.

The Leafy Elephant Limited (Registered number: 11487865)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
SDLT on Long Plant and
lease leasehold machinery
£    £    £   
COST
At 1 August 2022 2,053 275,000 19,225
Additions - - 450
Disposals - - (129 )
At 31 July 2023 2,053 275,000 19,546
DEPRECIATION
At 1 August 2022 684 17,630 11,435
Charge for year 206 5,500 2,060
Eliminated on disposal - - (76 )
At 31 July 2023 890 23,130 13,419
NET BOOK VALUE
At 31 July 2023 1,163 251,870 6,127
At 31 July 2022 1,369 257,370 7,790

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2022 208,589 9,457 514,324
Additions - - 450
Disposals (13,849 ) - (13,978 )
At 31 July 2023 194,740 9,457 500,796
DEPRECIATION
At 1 August 2022 104,695 9,313 143,757
Charge for year 20,779 144 28,689
Eliminated on disposal (7,642 ) - (7,718 )
At 31 July 2023 117,832 9,457 164,728
NET BOOK VALUE
At 31 July 2023 76,908 - 336,068
At 31 July 2022 103,894 144 370,567

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 7,522 9,083
Other debtors 31,824 36,316
39,346 45,399

The Leafy Elephant Limited (Registered number: 11487865)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 8,368 11,964
Taxation and social security 9,158 9,535
Other creditors 277,699 233,488
295,225 254,987

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.23 31.7.22
£    £   
Other creditors 207,717 191,102

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.7.23 31.7.22
£    £   
Within one year 39,417 39,000
Between one and five years 160,000 159,417
In more than five years 23,333 63,333
222,750 261,750

9. CALLED UP SHARE CAPITAL


Equity Share Capital

Number:

Class:
Nominal
Value:


£   
400 Ordinary A £1 400
200 Ordinary B £1 200
200 Ordinary C £1 200
200 Ordinary D £1 200
1,000
Preference Share Capital
Number: Class: £   
499,000 Preference 360,566
360,566
Total Share Capital 361,566


The company issued 499,000 preference shares redeemable at the issue's discretion. These shares are classified within liabilities and equity in accordance with FRS102 paragraph 22.13. These shares pay a non-discretionary annual dividend of 0.5%. On a winding-up, the holders have priority before all other classes of shares to receive repayment of capital plus any arrears of dividend. The holders have no voting rights.

10. RELATED PARTY DISCLOSURES

During the period the directors maintained a loan account with the company. At the period end the company owed the directors £254,975 (2022 - £204,980). This loan is interest free, repayable on demand and shown within other creditors.