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REGISTERED NUMBER: 09839236 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

ELLIE'S EMPORIUM LIMITED

ELLIE'S EMPORIUM LIMITED (REGISTERED NUMBER: 09839236)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


ELLIE'S EMPORIUM LIMITED (REGISTERED NUMBER: 09839236)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 23,750 33,250
Tangible assets 5 401,633 403,457
425,383 436,707

CURRENT ASSETS
Stocks 41,239 35,998
Debtors 6 6,531 7,195
Cash at bank and in hand 3,158 10,959
50,928 54,152
CREDITORS
Amounts falling due within one year 7 175,064 183,349
NET CURRENT LIABILITIES (124,136 ) (129,197 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

301,247

307,510

CREDITORS
Amounts falling due after more than one
year

8

(282,241

)

(294,463

)

PROVISIONS FOR LIABILITIES (2,260 ) (345 )
NET ASSETS 16,746 12,702

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 16,745 12,701
SHAREHOLDERS' FUNDS 16,746 12,702

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

ELLIE'S EMPORIUM LIMITED (REGISTERED NUMBER: 09839236)

BALANCE SHEET - continued
31 OCTOBER 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 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 29 July 2024 and were signed on its behalf by:





Miss L M Bonney - Director


ELLIE'S EMPORIUM LIMITED (REGISTERED NUMBER: 09839236)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Ellie's Emporium Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09839236

Registered office: Post Office & Store
Beach Road
Sea Palling
Norfolk
NR12 0AL

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

As at 31 October 2023 the company had net current liabilities of £124,136. Included within other creditors are directors loan accounts amounting to £128,907. The directors have confirmed that they will not seek repayment of these loans to the detriment of the company. The ultimate controlling parties have given an undertaking that they will continue to provide financial support as and when required for the foreseeable future to the company. On these grounds, the directors consider it appropriate to prepare the financial statements on the going concern basis.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, 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.

Freehold Property - 2% on cost
Plant & Machinery - 20% on 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 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 balance sheet date.


ELLIE'S EMPORIUM LIMITED (REGISTERED NUMBER: 09839236)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

2. ACCOUNTING POLICIES - continued
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.

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

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 95,000
AMORTISATION
At 1 November 2022 61,750
Charge for year 9,500
At 31 October 2023 71,250
NET BOOK VALUE
At 31 October 2023 23,750
At 31 October 2022 33,250

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2022 452,231 40,102 492,333
Additions - 9,544 9,544
At 31 October 2023 452,231 49,646 501,877
DEPRECIATION
At 1 November 2022 50,592 38,284 88,876
Charge for year 9,044 2,324 11,368
At 31 October 2023 59,636 40,608 100,244
NET BOOK VALUE
At 31 October 2023 392,595 9,038 401,633
At 31 October 2022 401,639 1,818 403,457

ELLIE'S EMPORIUM LIMITED (REGISTERED NUMBER: 09839236)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 6,531 7,195

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 18,282 16,328
Trade creditors 17,944 18,980
Taxation and social security 4,108 6,108
Other creditors 134,730 141,933
175,064 183,349

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 282,241 294,463

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 251,059 264,730

The bank loans are secured by a legal charge over the company's freehold property at Beach Road, Sea Palling and a debenture comprising fixed and floating charges over the assets and undertakings of the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1