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REGISTERED NUMBER: 04279043 (England and Wales)






















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

ELISABETH JAMES LIMITED

ELISABETH JAMES LIMITED (REGISTERED NUMBER: 04279043)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELISABETH JAMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: C Millard





REGISTERED OFFICE: 3 Doolittle Yard
Froghall Road
Ampthill
Bedfordshire
MK45 2NW





REGISTERED NUMBER: 04279043 (England and Wales)





ACCOUNTANTS: GKP (Ampthill) Limited
Chartered Accountants
3 Doolittle Yard
Froghall Road
Ampthill
Bedfordshire
MK45 2NW

ELISABETH JAMES LIMITED (REGISTERED NUMBER: 04279043)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 220,763 209,675

CURRENT ASSETS
Inventories 125,000 123,000
Debtors 5 231,106 250,166
Cash at bank 132 130
356,238 373,296
CREDITORS
Amounts falling due within one year 6 196,305 147,072
NET CURRENT ASSETS 159,933 226,224
TOTAL ASSETS LESS CURRENT
LIABILITIES

380,696

435,899

CREDITORS
Amounts falling due after more than one
year

7

83,245

116,812
NET ASSETS 297,451 319,087

CAPITAL AND RESERVES
Called up share capital 150,001 150,001
Retained earnings 147,450 169,086
SHAREHOLDERS' FUNDS 297,451 319,087

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 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.

ELISABETH JAMES LIMITED (REGISTERED NUMBER: 04279043)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 July 2024 and were signed by:





C Millard - Director


ELISABETH JAMES LIMITED (REGISTERED NUMBER: 04279043)

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


1. STATUTORY INFORMATION

Elisabeth James 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
Revenue 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - Straight line over 20 years
Improvements to property - Straight line over 20 years
Equipment - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Plant and machinery - 20% on reducing balance

Stocks
Inventories 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.

ELISABETH JAMES LIMITED (REGISTERED NUMBER: 04279043)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 6 (2022 - 5 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Improvements
Short to
leasehold property Equipment
£    £    £   
COST
At 1 November 2022 134,860 51,641 15,556
Additions - 28,382 606
At 31 October 2023 134,860 80,023 16,162
DEPRECIATION
At 1 November 2022 6,743 2,430 11,942
Charge for year 6,743 3,362 1,043
At 31 October 2023 13,486 5,792 12,985
NET BOOK VALUE
At 31 October 2023 121,374 74,231 3,177
At 31 October 2022 128,117 49,211 3,614

ELISABETH JAMES LIMITED (REGISTERED NUMBER: 04279043)

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


4. PROPERTY, PLANT AND EQUIPMENT - continued

Fixtures
and Motor Plant and
fittings vehicles machinery Totals
£    £    £    £   
COST
At 1 November 2022 5,095 32,070 10,950 250,172
Additions 73 - - 29,061
At 31 October 2023 5,168 32,070 10,950 279,233
DEPRECIATION
At 1 November 2022 4,712 11,257 3,413 40,497
Charge for year 113 5,204 1,508 17,973
At 31 October 2023 4,825 16,461 4,921 58,470
NET BOOK VALUE
At 31 October 2023 343 15,609 6,029 220,763
At 31 October 2022 383 20,813 7,537 209,675

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Improvements
to Motor
property vehicles Totals
£    £    £   
COST
At 1 November 2022
and 31 October 2023 45,215 20,871 66,086
DEPRECIATION
At 1 November 2022 2,189 4,783 6,972
Charge for year 2,260 4,022 6,282
At 31 October 2023 4,449 8,805 13,254
NET BOOK VALUE
At 31 October 2023 40,766 12,066 52,832
At 31 October 2022 43,026 16,088 59,114

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 98,690 117,750
Other debtors 128,166 128,166
Prepayments 4,250 4,250
231,106 250,166

ELISABETH JAMES LIMITED (REGISTERED NUMBER: 04279043)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 56,727 26,349
Hire purchase contracts and finance leases (see note 8)
15,265

24,808
Trade creditors 354 216
Tax 33,474 33,410
Social security and other taxes 37,743 29,968
VAT 28,752 12,584
Other creditors 15,443 11,378
Directors' current accounts 674 406
Accrued expenses 7,873 7,953
196,305 147,072

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 40,559 32,398
Bank loans - 2-5 years 35,719 62,183
Hire purchase contracts and finance leases (see note 8)
6,967

22,231
83,245 116,812

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts Finance leases
2023 2022 2023 2022
£    £    £    £   
Net obligations repayable:
Within one year 6,682 6,682 8,583 18,126
Between one and five years 1,114 7,795 5,853 14,436
7,796 14,477 14,436 32,562

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts and finance leases 22,232 47,039

Hire purchase and finance lease liabilities are secured on the assets acquired.

ELISABETH JAMES LIMITED (REGISTERED NUMBER: 04279043)

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


10. RELATED PARTY DISCLOSURES

During the year the company paid rent to Chris Millard Properties Limited, a company under common control of £20,700 (2023: £18,000)
At the year end the company was owed £128,166 (2023 £128,166) from Chris Millard Properties Limited. No interest has been charged on this balance during the year (2023: £Nil) and there are no set repayment terms.

11. ULTIMATE CONTROLLING PARTY

The controlling party is C Millard.