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Registered number: 14078816
Ellen And Wright Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Steve Pye & Co.
Chartered Certified Accountants
Unit 10 Aylsham Business Park
Richard Oakes Road
Aylsham
Norfolk
NR11 6FD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14078816
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 10,849 11,422
Tangible Assets 5 1,653 2,204
12,502 13,626
CURRENT ASSETS
Stocks 6 41,634 47,621
Debtors 7 2,144 2,341
Cash at bank and in hand 13,739 42,443
57,517 92,405
Creditors: Amounts Falling Due Within One Year 8 (119,766 ) (130,200 )
NET CURRENT ASSETS (LIABILITIES) (62,249 ) (37,795 )
TOTAL ASSETS LESS CURRENT LIABILITIES (49,747 ) (24,169 )
Creditors: Amounts Falling Due After More Than One Year 9 (10,000 ) (10,000 )
NET LIABILITIES (59,747 ) (34,169 )
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account (59,749 ) (34,171 )
SHAREHOLDERS' FUNDS (59,747) (34,169)
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Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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
Miss Hannah Wright
Director
10 January 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Ellen And Wright Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14078816 . The registered office is 78 Earlham Road, Norwich, NR2 3DF.  
The presentation currency of the financial statements is the Pound Sterling (£).
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. Significant judgements and estimations
In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources.  The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant.  Actual results may differ from these estimates.  The estimates and underliyng assumptions are reviewed on an ongoing basis.  Revisions to accounting estimates are recognised in the period to which the estimate is revised if the revision affects only that period or in the period of revision and future periods if the revision affects both current and future periods.  The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are the depreciation charges that are calculated with reference to the useful economic life of fixed assets.
2.3. 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. 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.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
2.5. 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:
Computer Equipment 25% reducing balance
2.6. 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.
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2.7. Financial Instruments
The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.
a) Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.
b) Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.
c) Impairment of financial assets
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.
d) Trade and other creditors
Debt instruments like loans and other accounts payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable within one year, typically trade payables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset is measured, initially and subsequently, at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Intangible Assets
Other
£
Cost
As at 1 May 2023 14,278
As at 30 April 2024 14,278
Amortisation
As at 1 May 2023 2,856
Provided during the period 573
As at 30 April 2024 3,429
Net Book Value
As at 30 April 2024 10,849
As at 1 May 2023 11,422
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5. Tangible Assets
Computer Equipment
£
Cost
As at 1 May 2023 2,939
As at 30 April 2024 2,939
Depreciation
As at 1 May 2023 735
Provided during the period 551
As at 30 April 2024 1,286
Net Book Value
As at 30 April 2024 1,653
As at 1 May 2023 2,204
6. Stocks
2024 2023
£ £
Stock 41,634 47,621
7. Debtors
2024 2023
£ £
Due within one year
Other debtors 2,144 2,341
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 3,826
VAT 13,188 -
Amex card 4,772 9,543
Accruals and deferred income - 756
Directors' loan accounts 101,806 116,075
119,766 130,200
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 10,000 10,000
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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