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REGISTERED NUMBER: 03224381 (England and Wales)

























Unaudited Financial Statements for the Year Ended 29 February 2024

for

Elondale Limited

Elondale Limited (Registered number: 03224381)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Elondale Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: S Jacobi





SECRETARY: Mrs M Jacobi





REGISTERED OFFICE: Unit 8 Apollo Park
Armstrong Way
Yate
Bristol
BS37 5AH





REGISTERED NUMBER: 03224381 (England and Wales)





ACCOUNTANTS: Dolman's Chartered Accountants
The Mews
Hounds Road
Chipping Sodbury
Bristol
BS37 6EE

Elondale Limited (Registered number: 03224381)

Balance Sheet
29 February 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,328,098 1,403,830
Investments 5 1,565,541 1,589,541
2,893,639 2,993,371

CURRENT ASSETS
Stocks 6 987,342 925,003
Debtors 7 1,293,011 597,682
Cash at bank 1,484,135 1,821,160
3,764,488 3,343,845
CREDITORS
Amounts falling due within one year 8 872,091 1,130,474
NET CURRENT ASSETS 2,892,397 2,213,371
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,786,036

5,206,742

PROVISIONS FOR LIABILITIES 105,522 101,710
NET ASSETS 5,680,514 5,105,032

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 9 5,680,413 5,104,931
5,680,514 5,105,032

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

Elondale Limited (Registered number: 03224381)

Balance Sheet - continued
29 February 2024


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 11 September 2024 and were signed by:





S Jacobi - Director


Elondale Limited (Registered number: 03224381)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Elondale 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
Turnover 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.
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance, 20% on reducing balance and 15% on reducing balance

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
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 40 (2023 - 40 ) .

Elondale Limited (Registered number: 03224381)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 March 2023 1,001,719 297,670 960,289
Additions - 5,373 65,937
Disposals - - (403,941 )
At 29 February 2024 1,001,719 303,043 622,285
DEPRECIATION
At 1 March 2023 - 175,381 694,480
Charge for year - 18,345 50,622
Eliminated on disposal - - (331,016 )
At 29 February 2024 - 193,726 414,086
NET BOOK VALUE
At 29 February 2024 1,001,719 109,317 208,199
At 28 February 2023 1,001,719 122,289 265,809

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2023 37,966 48,661 2,346,305
Additions - 1,984 73,294
Disposals (13,507 ) (30,114 ) (447,562 )
At 29 February 2024 24,459 20,531 1,972,037
DEPRECIATION
At 1 March 2023 30,847 41,767 942,475
Charge for year 1,502 2,071 72,540
Eliminated on disposal (12,610 ) (27,450 ) (371,076 )
At 29 February 2024 19,739 16,388 643,939
NET BOOK VALUE
At 29 February 2024 4,720 4,143 1,328,098
At 28 February 2023 7,119 6,894 1,403,830

Elondale Limited (Registered number: 03224381)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. FIXED ASSET INVESTMENTS

2024 2023
as restated
£    £   
Shares in group undertakings 102 102
Participating interests 50 50
Loans to undertakings in which the company has
a participating interest

1,565,389

1,589,389
1,565,541 1,589,541

Additional information is as follows:
Shares in Interest
group in
undertakings associate Totals
£    £    £   
COST
At 1 March 2023
and 29 February 2024 102 50 152
NET BOOK VALUE
At 29 February 2024 102 50 152
At 28 February 2023 102 50 152
Loans to
associates
£   
At 1 March 2023 1,589,389
Repayment in year (24,000 )
At 29 February 2024 1,565,389

6. STOCKS
2024 2023
as restated
£    £   
Stocks 987,342 925,003

Elondale Limited (Registered number: 03224381)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade debtors 751,073 491,212
Other debtors 450,350 1,576
Tax - 2,893
VAT 61,626 63,351
Prepayments 29,962 38,650
1,293,011 597,682

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Bank loans and overdrafts - 98,044
Trade creditors 550,730 498,935
Tax 257,392 173,377
Social security and other taxes 28,596 23,602
Other creditors 14,287 48,728
Directors' current accounts 4,611 281,285
Accrued expenses 16,475 6,503
872,091 1,130,474

9. RESERVES
Retained
earnings
£   

At 1 March 2023 5,173,570
Prior year adjustment (68,639 )
5,104,931
Profit for the year 715,482
Dividends (140,000 )
At 29 February 2024 5,680,413