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REGISTERED NUMBER: 03224381 (England and Wales)







Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Elondale Limited

Elondale Limited (Registered number: 03224381)






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


Elondale Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: Mr Sam Jacobi





SECRETARY: Mrs Maria Jacobi





REGISTERED OFFICE: Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY





REGISTERED NUMBER: 03224381 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY

Elondale Limited (Registered number: 03224381)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,472,469 1,510,380
Investments 5 1,589,541 1,929,041
3,062,010 3,439,421

CURRENT ASSETS
Stocks 6 925,003 546,177
Debtors 7 597,682 1,613,704
Cash at bank 1,821,160 1,209,339
3,343,845 3,369,220
CREDITORS
Amounts falling due within one year 8 1,130,474 653,793
NET CURRENT ASSETS 2,213,371 2,715,427
TOTAL ASSETS LESS CURRENT LIABILITIES 5,275,381 6,154,848

CREDITORS
Amounts falling due after more than one year 9 - (96,127 )

PROVISIONS FOR LIABILITIES 12 (101,710 ) (82,533 )
NET ASSETS 5,173,671 5,976,188

CAPITAL AND RESERVES
Called up share capital 13 101 101
Retained earnings 14 5,173,570 5,976,087
SHAREHOLDERS' FUNDS 5,173,671 5,976,188

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 director acknowledges his 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 31 October 2023 and were signed by:



Mr Sam Jacobi - Director


Elondale Limited (Registered number: 03224381)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Elondale 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Turnover is recognised when the work or service is incurred and if necessary, is translated to it's functional currency using a forward rate conversion.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on reducing balance
Plant and machinery - 20% on reducing balance and 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost.

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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at a pre-agreed fixed rate throughout the accounting period. Forward rate agreements are in place to mitigate the risk of exchange rate losses. Exchange differences are taken into account in arriving at the operating result.

Elondale Limited (Registered number: 03224381)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued

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 40 (2022 - 40 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 March 2022 1,001,719 479,748 908,534
Additions - - 51,755
At 28 February 2023 1,001,719 479,748 960,289
DEPRECIATION
At 1 March 2022 - 255,127 642,199
Charge for year - 33,693 52,281
At 28 February 2023 - 288,820 694,480
NET BOOK VALUE
At 28 February 2023 1,001,719 190,928 265,809
At 28 February 2022 1,001,719 224,621 266,335

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2022 37,966 47,098 2,475,065
Additions - 1,563 53,318
At 28 February 2023 37,966 48,661 2,528,383
DEPRECIATION
At 1 March 2022 28,474 38,885 964,685
Charge for year 2,373 2,882 91,229
At 28 February 2023 30,847 41,767 1,055,914
NET BOOK VALUE
At 28 February 2023 7,119 6,894 1,472,469
At 28 February 2022 9,492 8,213 1,510,380


Elondale Limited (Registered number: 03224381)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. FIXED ASSET INVESTMENTS

28.2.23 28.2.22
£    £   
Shares in group undertakings 102 102
Participating interests 50 50
Loans to undertakings in which the company has a
participating interest

1,589,389

1,928,889
1,589,541 1,929,041

Additional information is as follows:
Shares in Interest
group in
undertakings associate Totals
£    £    £   
COST
At 1 March 2022
and 28 February 2023 102 50 152
NET BOOK VALUE
At 28 February 2023 102 50 152
At 28 February 2022 102 50 152
Loans to
associates
£   
At 1 March 2022 1,928,889
New in year 180,000
Repayment in year (519,500 )
At 28 February 2023 1,589,389

6. STOCKS
28.2.23 28.2.22
£    £   
Stocks 925,003 546,177

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 491,212 610,349
Other debtors 1,576 599,899
Directors' current accounts - 320,350
Tax 2,893 2,893
VAT 63,351 37,571
Prepayments 38,650 42,642
597,682 1,613,704

Elondale Limited (Registered number: 03224381)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts (see note 10) 98,044 141,103
Trade creditors 498,935 256,191
Tax 173,377 222,455
Social security and other taxes 23,602 15,390
Other creditors 48,728 9,545
Directors' current accounts 281,285 -
Accrued expenses 6,503 9,109
1,130,474 653,793

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans (see note 10) - 96,127

10. LOANS

An analysis of the maturity of loans is given below:

28.2.23 28.2.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 98,044 141,103

Amounts falling due between one and two years:
Bank loans - 1-2 years - 96,127

11. SECURED DEBTS

The following secured debts are included within creditors:

28.2.23 28.2.22
£    £   
Bank loans 98,044 237,230

The companys liabilities in the form of Bank Loans, are secured against the companys assets.

12. PROVISIONS FOR LIABILITIES
28.2.23 28.2.22
£    £   
Deferred tax 101,710 82,533

Deferred
tax
£   
Balance at 1 March 2022 82,533
Provided during year 19,177
Balance at 28 February 2023 101,710

Elondale Limited (Registered number: 03224381)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Ordinary A £1 100 100
1 Ordinary B £1 1 1
101 101

14. RESERVES
Retained
earnings
£   

At 1 March 2022 5,976,087
Profit for the year 699,483
Dividends (1,502,000 )
At 28 February 2023 5,173,570