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Registered number: 09588814
Ellory Limited
Unaudited Financial Statements
For The Year Ended 26 May 2024
djca Limited
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Report to the director on the preparation of the unaudited statutory accounts of Ellory Limited For The Year Ended 26 May 2024
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Ellory Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of Ellory Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Ellory Limited and state those matters that we have agreed to state to the director of Ellory Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ellory Limited and its director as a body for our work or for this report.
It is your duty to ensure that Ellory Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Ellory Limited . You consider that Ellory Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Ellory Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
Robert Fiford FCCA
22/01/2025
djca Limited
ACCA
154-160 Fleet Street
London
EC4A 2DQ
Page 1
Page 2
Balance Sheet
Registered number: 09588814
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 29,465 37,925
29,465 37,925
CURRENT ASSETS
Stocks 5 47,315 34,619
Debtors 6 53,305 49,748
Cash at bank and in hand 13,281 14,503
113,901 98,870
Creditors: Amounts Falling Due Within One Year 7 (329,207 ) (504,724 )
NET CURRENT ASSETS (LIABILITIES) (215,306 ) (405,854 )
TOTAL ASSETS LESS CURRENT LIABILITIES (185,841 ) (367,929 )
Creditors: Amounts Falling Due After More Than One Year 8 (23,913 ) (23,478 )
NET LIABILITIES (209,754 ) (391,407 )
CAPITAL AND RESERVES
Called up share capital 9 2,158 2,000
Share premium account 135,131 97,250
Profit and Loss Account (347,043 ) (490,657 )
SHAREHOLDERS' FUNDS (209,754) (391,407)
Page 2
Page 3
For the year ending 26 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr E Thaw
Director
21/01/2025
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Ellory Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09588814 . The registered office is Leroy, 18 Phipp Street, London, EC2A 4NU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery Straight line 33%
Fixtures & Fittings Straight line 20%
Computer Equipment Straight line 33%
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 21 (2023: 22)
21 22
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 29 May 2023 39,351 191,853 7,434 238,638
Additions 10,224 - 700 10,924
Disposals (183 ) (173 ) (514 ) (870 )
As at 26 May 2024 49,392 191,680 7,620 248,692
...CONTINUED
Page 4
Page 5
Depreciation
As at 29 May 2023 23,742 171,456 5,515 200,713
Provided during the period 9,617 8,528 1,065 19,210
Disposals (131 ) (51 ) (514 ) (696 )
As at 26 May 2024 33,228 179,933 6,066 219,227
Net Book Value
As at 26 May 2024 16,164 11,747 1,554 29,465
As at 29 May 2023 15,609 20,397 1,919 37,925
5. Stocks
2024 2023
£ £
Materials 47,315 34,619
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 18,530 32,780
Other debtors 16,363 16,560
Corporation tax recoverable assets 4,646 -
Director's loan account 13,766 408
53,305 49,748
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 67,052 119,886
Bank loans and overdrafts 7,418 10,000
Corporation tax 4,646 -
Other taxes and social security 14,525 80,434
VAT 200,352 208,674
Other creditors 30,654 75,041
Accruals and deferred income 4,560 10,689
329,207 504,724
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 23,913 23,478
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2,158 2,000
Page 5
Page 6
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 29 May 2023 Amounts advanced Amounts repaid Amounts written off As at 26 May 2024
£ £ £ £ £
Mr Edward Thaw 408 17,049 (3,690 ) - 13,767
The above loan is unsecured, interest free and repayable on demand.
Page 6