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REGISTERED NUMBER: 03313474 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Ellis & Co (Accountants & Business
Advisers) Limited

Ellis & Co (Accountants & Business
Advisers) Limited (Registered number: 03313474)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Ellis & Co (Accountants & Business
Advisers) Limited

Company Information
for the Year Ended 30 April 2024







Directors: C R Ellis
J R Ellis
W J Moorhouse
J M Farrell





Secretary: K M Ellis





Registered office: 114-120 Northgate Street
Chester
Cheshire
CH1 2HT





Registered number: 03313474 (England and Wales)






Ellis & Co (Accountants & Business
Advisers) Limited (Registered number: 03313474)

Statement of Financial Position
30 April 2024

30/4/24 30/4/23
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - 65,000
Tangible assets 5 41,068 17,291
41,068 82,291

Current assets
Debtors 6 416,418 363,207
Cash at bank 181,273 169,818
597,691 533,025
Creditors
Amounts falling due within one year 7 323,879 285,827
Net current assets 273,812 247,198
Total assets less current liabilities 314,880 329,489

Creditors
Amounts falling due after more than
one year

8

(12,483

)

(22,435

)

Provisions for liabilities (7,891 ) (3,048 )
Net assets 294,506 304,006

Capital and reserves
Called up share capital 9 1,000 1,000
Retained earnings 293,506 303,006
Shareholders' funds 294,506 304,006

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Ellis & Co (Accountants & Business
Advisers) Limited (Registered number: 03313474)

Statement of Financial Position - continued
30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 November 2024 and were signed on its behalf by:





C R Ellis - Director


Ellis & Co (Accountants & Business
Advisers) Limited (Registered number: 03313474)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. Statutory information

Ellis & Co (Accountants & Business Advisers) 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.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost
Motor vehicles - 16.5% on cost
Computer equipment - 33% on cost

Financial instruments
A financial asset or a financial liability is recognised only when the company 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.


Ellis & Co (Accountants & Business
Advisers) Limited (Registered number: 03313474)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Operating leases
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 15 (2023 - 15 ) .

Ellis & Co (Accountants & Business
Advisers) Limited (Registered number: 03313474)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 May 2023
and 30 April 2024 650,000
Amortisation
At 1 May 2023 585,000
Amortisation for year 65,000
At 30 April 2024 650,000
Net book value
At 30 April 2024 -
At 30 April 2023 65,000

5. Tangible fixed assets
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Cost
At 1 May 2023 5,366 - 71,783 77,149
Additions 800 23,999 12,964 37,763
Disposals - - (26,087 ) (26,087 )
At 30 April 2024 6,166 23,999 58,660 88,825
Depreciation
At 1 May 2023 5,366 - 54,492 59,858
Charge for year 267 330 13,389 13,986
Eliminated on disposal - - (26,087 ) (26,087 )
At 30 April 2024 5,633 330 41,794 47,757
Net book value
At 30 April 2024 533 23,669 16,866 41,068
At 30 April 2023 - - 17,291 17,291

6. Debtors: amounts falling due within one year
30/4/24 30/4/23
£    £   
Trade debtors 310,029 251,904
Other debtors 106,389 111,303
416,418 363,207

Ellis & Co (Accountants & Business
Advisers) Limited (Registered number: 03313474)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. Creditors: amounts falling due within one year
30/4/24 30/4/23
£    £   
Bank loans and overdrafts 9,952 9,952
Trade creditors 17,751 23,003
Taxation and social security 232,149 176,378
Other creditors 64,027 76,494
323,879 285,827

8. Creditors: amounts falling due after more than one year
30/4/24 30/4/23
£    £   
Bank loans 12,483 22,435

9. Called up share capital

Number: Class: Nominal 30/04/24 30/04/23
value: £ £
200/350 Ordinary £1 200 350
500/400 A Ordinary £1 500 400
200/150 B Ordinary £1 200 150
100 C Ordinary £1 100 100

During the year 150 Ordinary shares were redesignated as 100 A Ordinary shares and 50 B Ordinary shares.

10. Related party disclosures

The directors have made loans to the company. The balance on these loans at 30 April 2024 was £34,756 (2023 : £73,925). The loans are interest free.