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COMPANY REGISTRATION NUMBER: NI030690
Ellis Engineering Services Limited
Filleted Unaudited Financial Statements
30 April 2023
Ellis Engineering Services Limited
Statement of Financial Position
30 April 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
423,374
412,730
Current assets
Debtors
6
9,600
27,000
Cash at bank and in hand
38,724
12,031
--------
--------
48,324
39,031
Creditors: amounts falling due within one year
7
105,490
140,149
---------
---------
Net current liabilities
57,166
101,118
---------
---------
Total assets less current liabilities
366,208
311,612
Creditors: amounts falling due after more than one year
8
71,368
14,262
Provisions
Taxation including deferred tax
( 138)
( 5,908)
---------
---------
Net assets
294,978
303,258
---------
---------
Capital and reserves
Called up share capital
200
200
Profit and loss account
294,778
303,058
---------
---------
Shareholders funds
294,978
303,258
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Ellis Engineering Services Limited
Statement of Financial Position (continued)
30 April 2023
These financial statements were approved by the board of directors and authorised for issue on 20 December 2023 , and are signed on behalf of the board by:
Mr Albert W Ellis
Mrs Pauline B Ellis
Director
Director
Company registration number: NI030690
Ellis Engineering Services Limited
Notes to the Financial Statements
Year ended 30 April 2023
1. General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 40 Claremore Road, Clare, Castlederg, Co Tyrone, BT81 7RF. The principal activity of the company during the year was the ownership and management of property.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis and in accordance with FRS102.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Current and deferred tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Deferred tax balances are recognised in respect of timing differences that have originated but not reversed by the Statement of Financial Position date. Current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Land & Buildings
-
4% straight line
Plant & Machinery
-
20% reducing balance
Wind Turbine
-
5% straight line
Motor Vehicles
-
20% reducing balance
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2022: Nil).
5. Tangible assets
Land and buildings
Plant and machinery
Motor vehicles
Total
£
£
£
£
Cost
At 1 May 2022
839,116
125,058
19,175
983,349
Additions
3,265
47,253
50,518
---------
---------
--------
------------
At 30 April 2023
839,116
128,323
66,428
1,033,867
---------
---------
--------
------------
Depreciation
At 1 May 2022
473,441
93,343
3,835
570,619
Charge for the year
20,359
6,996
12,519
39,874
---------
---------
--------
------------
At 30 April 2023
493,800
100,339
16,354
610,493
---------
---------
--------
------------
Carrying amount
At 30 April 2023
345,316
27,984
50,074
423,374
---------
---------
--------
------------
At 30 April 2022
365,675
31,715
15,340
412,730
---------
---------
--------
------------
6. Debtors
2023
2022
£
£
Trade debtors
9,600
18,000
Other debtors
9,000
-------
--------
9,600
27,000
-------
--------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
10,581
60,407
Trade creditors
1,990
1,816
Social security and other taxes
3,800
5,933
Other creditors
89,119
71,993
---------
---------
105,490
140,149
---------
---------
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
34,812
Other creditors
36,556
14,262
--------
--------
71,368
14,262
--------
--------
9. Directors' advances, credits and guarantees
During the year the directors and shareholders loaned £3,004 to the company. As at 30 April 2023 the balance due to directors and shareholders was £72,984. (2022: £69,980).