4 false false false false false false false false false false true false false false false true false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2024 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 4749023 2023-05-01 2024-04-30 4749023 2024-04-30 4749023 2023-04-30 4749023 2022-05-01 2023-04-30 4749023 2023-04-30 4749023 2022-04-30 4749023 bus:Director1 2023-05-01 2024-04-30 4749023 core:FurnitureFittings 2023-04-30 4749023 core:MotorVehicles 2023-04-30 4749023 core:FurnitureFittings 2024-04-30 4749023 core:MotorVehicles 2024-04-30 4749023 core:FurnitureFittings 2023-05-01 2024-04-30 4749023 core:MotorVehicles 2023-05-01 2024-04-30 4749023 core:WithinOneYear 2024-04-30 4749023 core:WithinOneYear 2023-04-30 4749023 core:ShareCapital 2024-04-30 4749023 core:ShareCapital 2023-04-30 4749023 core:RetainedEarningsAccumulatedLosses 2024-04-30 4749023 core:RetainedEarningsAccumulatedLosses 2023-04-30 4749023 core:FurnitureFittings 2023-04-30 4749023 core:MotorVehicles 2023-04-30 4749023 bus:SmallEntities 2023-05-01 2024-04-30 4749023 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 4749023 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 4749023 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 4749023 bus:FullAccounts 2023-05-01 2024-04-30
COMPANY REGISTRATION NUMBER: 4749023
Serena Williams-Ellis Limited
Filleted Unaudited Financial Statements
30 April 2024
Serena Williams-Ellis Limited
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
74,463
20,072
Current assets
Stocks
77,331
50,199
Debtors
6
69,476
32,247
Investments
7
211,979
201,534
Cash at bank and in hand
1,150,129
1,158,069
-----------
-----------
1,508,915
1,442,049
Creditors: amounts falling due within one year
8
182,122
159,485
-----------
-----------
Net current assets
1,326,793
1,282,564
-----------
-----------
Total assets less current liabilities
1,401,256
1,302,636
Provisions
Taxation including deferred tax
2,274
5,722
-----------
-----------
Net assets
1,398,982
1,296,914
-----------
-----------
Capital and reserves
Called up share capital
1
1
Profit and loss account
1,398,981
1,296,913
-----------
-----------
Shareholders funds
1,398,982
1,296,914
-----------
-----------
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 income and retained earnings has not been delivered.
For the year ending 30th April 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 .
Serena Williams-Ellis Limited
Statement of Financial Position (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 18 December 2024 , and are signed on behalf of the board by:
Mrs S Williams-Ellis
Director
Company registration number: 4749023
Serena Williams-Ellis Limited
Notes to the Financial Statements
Year ended 30th April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5-11 Mortimer Street, London, W1T 3HS.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of investments. The financial statements are prepared in sterling, which is the functional currency of the entity.
(b) Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102.
(c) Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported.
(d) Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered during the period, stated net of discounts and of Value Added Tax.
(e) Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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 be paid or recovered 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.
(f) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
(g) 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:
Fixtures & Fittings
-
25% to 33% Reducing Balance
Motor Vehicles
-
25% Reducing Balance
(h) Investments
Current assets investments represent investment portfolios of marketable securities and are recorded at fair value being the market value of the underlying investments. Any change in market value is recognised in profit or loss.
(i) Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
(j) 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.
(k) Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2023: 4 ).
5. Tangible assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1st May 2023
73,671
25,000
98,671
Additions
1,592
72,925
74,517
Disposals
( 19,894)
( 19,894)
-------
-------
--------
At 30th April 2024
55,369
97,925
153,294
-------
-------
--------
Depreciation
At 1st May 2023
60,191
18,408
78,599
Charge for the year
3,469
14,562
18,031
Disposals
( 17,799)
( 17,799)
-------
-------
--------
At 30th April 2024
45,861
32,970
78,831
-------
-------
--------
Carrying amount
At 30th April 2024
9,508
64,955
74,463
-------
-------
--------
At 30th April 2023
13,480
6,592
20,072
-------
-------
--------
6. Debtors
2024
2023
£
£
Trade debtors
54,560
29,669
Other debtors
14,916
2,578
-------
-------
69,476
32,247
-------
-------
7. Investments
2024
2023
£
£
Other investments
211,979
201,534
--------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
8,515
22,346
Corporation tax
29,228
46,662
Social security and other taxes
55,525
18,672
Other creditors
88,854
71,805
--------
--------
182,122
159,485
--------
--------
9. Financial instruments
The carrying amount for each category of financial instrument is as follows:
2024
2023
£
£
Financial assets measured at fair value through profit or loss
Financial assets measured at fair value through profit or loss
4,181
(22,320)
------
-------
10. Profit and loss
The profit & loss account includes £5,249 (2023: £2,113) relating to the market value of an investment portfolio of marketable securities which is not distributable until the investments are sold.