ELLANI CARS LTD

Company Registration Number:
10537801 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

ELLANI CARS LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Additional notes
Balance sheet notes

ELLANI CARS LTD

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 34,857 14,632
Total fixed assets: 34,857 14,632
Current assets
Stocks: 4 209,605 189,454
Debtors: 5 10,128 9,713
Cash at bank and in hand: 4,736 8,213
Total current assets: 224,469 207,380
Creditors: amounts falling due within one year: 6 ( 334,391 ) ( 253,658 )
Net current assets (liabilities): (109,922) (46,278)
Total assets less current liabilities: (75,065) ( 31,646)
Creditors: amounts falling due after more than one year: 7 ( 26,534 ) ( 24,946 )
Total net assets (liabilities): (101,599) (56,592)
Capital and reserves
Called up share capital: 250 250
Profit and loss account: (101,849 ) (56,842 )
Total Shareholders' funds: ( 101,599 ) (56,592)

The notes form part of these financial statements

ELLANI CARS LTD

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 1 September 2024
and signed on behalf of the board by:

Name: Elliot Rendell
Status: Director

The notes form part of these financial statements

ELLANI CARS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents the amounts invoiced for goods and services, stated net of value added tax.

    Tangible fixed assets depreciation policy

    Depreciation is calculated so as to write off the cost of tangible fixed assets, on a straight line basis, over the expected economic lives of the assets concerned. The rates used for this purpose are between 20% and 33%.

ELLANI CARS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 2 3

ELLANI CARS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 27,826 11,000 38,826
Additions 2,371 28,305 30,676
Disposals ( 800 ) ( 11,000 ) ( 11,800 )
Revaluations
Transfers
At 31 December 2023 29,397 28,305 57,702
Depreciation
At 1 January 2023 14,294 9,900 24,194
Charge for year 5,063 3,721 8,784
On disposals ( 50 ) ( 10,083 ) ( 10,133 )
Other adjustments
At 31 December 2023 19,307 3,538 22,845
Net book value
At 31 December 2023 10,090 24,767 34,857
At 31 December 2022 13,532 1,100 14,632

ELLANI CARS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Stocks

2023 2022
£ £
Stocks 209,605 189,454
Total 209,605 189,454

ELLANI CARS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Debtors

2023 2022
£ £
Trade debtors 7,499 2,895
Prepayments and accrued income 2,629 1,723
Other debtors 0 5,095
Total 10,128 9,713

ELLANI CARS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 9,891 9,891
Amounts due under finance leases and hire purchase contracts 5,873 0
Trade creditors 41,564 30,880
Taxation and social security 6,922 6,847
Accruals and deferred income 4,951 4,613
Other creditors 265,190 201,427
Total 334,391 253,658

Bank overdrafts include a Bounce Back Loan of £9,891 (2022 - £9,891) under the government's Covid-19 arrangements. Other creditors also include £162,650 (2022: £149,818) in respect of short term loans made available for the purchase of specific vehicles. Short term loans are repayable when the relevant vehicle is sold.

ELLANI CARS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 14,297 24,946
Amounts due under finance leases and hire purchase contracts 12,237 0
Total 26,534 24,946

Bank loans and overdrafts includes a Bounce Back Loan of £14,297 (2022: £24,946).