8 01/04/2023 31/03/2024 2024-03-31 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-04-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 11910760 2023-04-01 2024-03-31 11910760 2024-03-31 11910760 2023-03-31 11910760 2022-04-01 2023-03-31 11910760 2023-03-31 11910760 2022-03-31 11910760 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 11910760 bus:RegisteredOffice 2023-04-01 2024-03-31 11910760 bus:LeadAgentIfApplicable 2023-04-01 2024-03-31 11910760 bus:Director1 2023-04-01 2024-03-31 11910760 bus:Director2 2023-04-01 2024-03-31 11910760 core:FurnitureFittingsToolsEquipment 2023-03-31 11910760 core:FurnitureFittingsToolsEquipment 2024-03-31 11910760 core:WithinOneYear 2024-03-31 11910760 core:WithinOneYear 2023-03-31 11910760 core:ShareCapital 2024-03-31 11910760 core:ShareCapital 2023-03-31 11910760 core:RetainedEarningsAccumulatedLosses 2024-03-31 11910760 core:RetainedEarningsAccumulatedLosses 2023-03-31 11910760 core:FurnitureFittingsToolsEquipment 2023-03-31 11910760 bus:SmallEntities 2023-04-01 2024-03-31 11910760 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11910760 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11910760 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11910760 bus:FullAccounts 2023-04-01 2024-03-31
Company registration number: 11910760
Ellerman Limited
Unaudited filleted financial statements
31 March 2024
Ellerman Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Ellerman Limited
Directors and other information
Directors Mr I J Pearce-Molland
Mr D H A Williams
Company number 11910760
Registered office The Shard
32 London Bridge Street
London
SE1 9SG
Business address The Shard
32 London Bridge Street
London
SE1 9SG
Accountants Redford & Co Limited
Chartered Accountants
First Floor
64 Baker Street
London
W1U 7GB
Ellerman Limited
Statement of financial position
31 March 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 27,688 19,369
_______ _______
27,688 19,369
Current assets
Amounts recoverable on contracts 439,942 156,858
Debtors 6 608,062 113,059
Cash at bank and in hand 779,689 631,789
_______ _______
1,827,693 901,706
Creditors: amounts falling due
within one year 7 ( 867,180) ( 297,018)
_______ _______
Net current assets 960,513 604,688
_______ _______
Total assets less current liabilities 988,201 624,057
_______ _______
Net assets 988,201 624,057
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account 988,199 624,055
_______ _______
Shareholders funds 988,201 624,057
_______ _______
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 20 September 2024 , and are signed on behalf of the board by:
Mr I J Pearce-Molland
Director
Company registration number: 11910760
Ellerman Limited
Notes to the financial statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is The Shard, 32 London Bridge Street, London, SE1 9SG.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis and are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 25 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Amounts recoverable on contracts
Amounts recoverable on contracts represent the recoverable time costs of incomplete matters at the year end, including any profit element, excluding any matters where the right to consideration is contingent and the contingency has not been fulfilled at the balance sheet date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.Other financial instruments are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss.Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
The pension costs charged in the financial statements represent the contribution payable by the company during the year.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 8 (2023: 5 ).
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 April 2023 31,944 31,944
Additions 20,497 20,497
_______ _______
At 31 March 2024 52,441 52,441
_______ _______
Depreciation
At 1 April 2023 12,576 12,576
Charge for the year 12,177 12,177
_______ _______
At 31 March 2024 24,753 24,753
_______ _______
Carrying amount
At 31 March 2024 27,688 27,688
_______ _______
At 31 March 2023 19,368 19,368
_______ _______
6. Debtors
2024 2023
£ £
Trade debtors 361,287 64,213
Other debtors 246,775 48,846
_______ _______
608,062 113,059
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 194,879 473
Corporation tax 494,680 253,034
Social security and other taxes 10,473 15,963
Other creditors 167,148 27,548
_______ _______
867,180 297,018
_______ _______
8. Controlling party
The company is controlled by the directors by virtue of their 100% holding of the share capital.