Registered number
08173350
John Ellis & Co Ltd
Unaudited Filleted Accounts
31 December 2023
John Ellis & Co Ltd
Registered number: 08173350
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 37,312 37,312
Tangible assets 4 1,203 1,203
38,515 38,515
Current assets
Debtors 5 170,639 172,391
Cash at bank and in hand 56,791 42,241
227,430 214,632
Creditors: amounts falling due within one year 6 (244,792) (224,605)
Net current liabilities (17,362) (9,973)
Total assets less current liabilities 21,153 28,542
Creditors: amounts falling due after more than one year 7 (23,283) (27,333)
Net (liabilities)/assets (2,130) 1,209
Capital and reserves
Called up share capital 100 100
Profit and loss account (2,230) 1,109
Shareholders' funds (2,130) 1,209
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dawn Ann Welch
Director
Approved by the board on 9 September 2024
John Ellis & Co Ltd
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 6 6
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2023 99,500
At 31 December 2023 99,500
Amortisation
At 1 January 2023 62,188
At 31 December 2023 62,188
Net book value
At 31 December 2023 37,312
At 31 December 2022 37,312
Goodwill is not being currently written off as it is demmed by the Directors to continue to have an economic value in excess of the written down amount shown on the Balance Sheet.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 5,293
At 31 December 2023 5,293
Depreciation
At 1 January 2023 4,090
At 31 December 2023 4,090
Net book value
At 31 December 2023 1,203
At 31 December 2022 1,203
5 Debtors 2023 2022
£ £
Trade debtors 31,734 30,029
Amounts owed by group undertakings and undertakings in which the company has a participating interest 74,622 74,622
Other debtors 64,283 67,740
170,639 172,391
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 636 1,121
Taxation and social security costs 10,429 15,901
Other creditors 233,727 207,583
244,792 224,605
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 23,283 27,333
8 Other information
John Ellis & Co Ltd is a private company limited by shares and incorporated in England. Its registered office is:
The Barn
173 Church Rd
Northfield Birmingham
B31 2LX
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