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REGISTERED NUMBER: 10011919 (England and Wales)















ELLIS LIVE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024






ELLIS LIVE LIMITED (REGISTERED NUMBER: 10011919)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ELLIS LIVE LIMITED

COMPANY INFORMATION
For The Year Ended 29 FEBRUARY 2024







DIRECTORS: L. J. Ellis
M. W. Ellis





REGISTERED OFFICE: Unit 1 Stourbridge Industrial Estate
Mill Race Lane
Stourbridge
West Midlands
DY8 1JN





REGISTERED NUMBER: 10011919 (England and Wales)





ACCOUNTANTS: Charles Lovell & Co Limited
Chartered Certified Accountants
and Statutory Auditors
8 Church Green East
Redditch
Worcestershire
B98 8BP

ELLIS LIVE LIMITED (REGISTERED NUMBER: 10011919)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 44,467 38,013

CURRENT ASSETS
Debtors 5 1,825,866 1,006,649
Cash at bank 897,026 2,001,447
2,722,892 3,008,096
CREDITORS
Amounts falling due within one year 6 714,308 782,254
NET CURRENT ASSETS 2,008,584 2,225,842
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,053,051

2,263,855

CREDITORS
Amounts falling due after more than one
year

7

975,454

1,242,159
NET ASSETS 1,077,597 1,021,696

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,077,497 1,021,596
1,077,597 1,021,696

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 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.

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 Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:





L. J. Ellis - Director


ELLIS LIVE LIMITED (REGISTERED NUMBER: 10011919)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Ellis Live 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.
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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 5 (2023 - 4 ) .

ELLIS LIVE LIMITED (REGISTERED NUMBER: 10011919)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 29 FEBRUARY 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2023 28,425 - 24,168 52,593
Additions 2,630 9,500 5,863 17,993
At 29 February 2024 31,055 9,500 30,031 70,586
DEPRECIATION
At 1 March 2023 3,474 - 11,106 14,580
Charge for year 5,777 1,583 4,179 11,539
At 29 February 2024 9,251 1,583 15,285 26,119
NET BOOK VALUE
At 29 February 2024 21,804 7,917 14,746 44,467
At 28 February 2023 24,951 - 13,062 38,013

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 681,209 520,312
Amounts owed by group undertakings 439,602 -
Other debtors 705,055 486,337
1,825,866 1,006,649

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 116,705 110,322
Trade creditors 149,793 105,286
Amounts owed to group undertakings - 20,000
Taxation and social security 359,539 439,960
Other creditors 88,271 106,686
714,308 782,254

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans 975,454 1,242,159

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 245,117 74,076