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REGISTERED NUMBER: 12656357 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Ely Exotics Ltd

Ely Exotics Ltd (Registered number: 12656357)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ely Exotics Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTOR: T Bailey





REGISTERED OFFICE: Sedgeway Business Park
Common Road
Witchford
Ely
Cambridgeshire
CB6 2HY





REGISTERED NUMBER: 12656357 (England and Wales)





ACCOUNTANTS: D and E Accountancy Ltd
Tax Advisors and Accountants
2nd Floor, 2 Walsworth Road
Hitchin
Hertfordshire
SG4 9SP

Ely Exotics Ltd (Registered number: 12656357)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,580 12,019

CURRENT ASSETS
Stocks 71,524 49,922
Cash at bank 1,235 855
72,759 50,777
CREDITORS
Amounts falling due within one year 5 43,095 42,791
NET CURRENT ASSETS 29,664 7,986
TOTAL ASSETS LESS CURRENT
LIABILITIES

58,244

20,005

PROVISIONS FOR LIABILITIES 6 5,430 2,283
NET ASSETS 52,814 17,722

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 8 52,813 17,721
SHAREHOLDERS' FUNDS 52,814 17,722

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

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

Ely Exotics Ltd (Registered number: 12656357)

Balance Sheet - continued
30 June 2023


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 11 March 2024 and were signed by:





T Bailey - Director


Ely Exotics Ltd (Registered number: 12656357)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Ely Exotics Ltd 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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance

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.

Ely Exotics Ltd (Registered number: 12656357)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 July 2022 6,347 11,424 266 18,037
Additions 380 22,777 691 23,848
At 30 June 2023 6,727 34,201 957 41,885
DEPRECIATION
At 1 July 2022 1,953 3,977 88 6,018
Charge for year 955 6,045 287 7,287
At 30 June 2023 2,908 10,022 375 13,305
NET BOOK VALUE
At 30 June 2023 3,819 24,179 582 28,580
At 30 June 2022 4,394 7,447 178 12,019

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Taxation and social security 10,404 5,854
Other creditors 32,691 36,937
43,095 42,791

6. PROVISIONS FOR LIABILITIES
30.6.23 30.6.22
£    £   
Deferred tax 5,430 2,283

Deferred
tax
£   
Balance at 1 July 2022 2,283
Charge to Income Statement during year 3,147
Balance at 30 June 2023 5,430

Ely Exotics Ltd (Registered number: 12656357)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
1 Ordinary £1 1 1

8. RESERVES
Retained
earnings
£   

At 1 July 2022 17,721
Profit for the year 60,092
Dividends (25,000 )
At 30 June 2023 52,813