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REGISTERED NUMBER: 06899872 (England and Wales)










Financial Statements

for the Year Ended 30 April 2024

for

R W Ellis Limited

R W Ellis Limited (Registered number: 06899872)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R W Ellis Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: R W Ellis





SECRETARY: A S Ellis





REGISTERED OFFICE: Paradise Laithe
Bolton Road
Addingham
Ilkley
West Yorkshire
LS29 0RQ





REGISTERED NUMBER: 06899872 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Suite 4, 10/12 The Grove,
Ilkley
West Yorkshire
LS29 9EG

R W Ellis Limited (Registered number: 06899872)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 187,661 136,697

CURRENT ASSETS
Stocks 5 1,344 1,766
Debtors 6 31,564 31,882
Cash at bank 35,081 25,274
67,989 58,922
CREDITORS
Amounts falling due within one year 7 (86,946 ) (80,964 )
NET CURRENT LIABILITIES (18,957 ) (22,042 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

168,704

114,655

CREDITORS
Amounts falling due after more than one year 8 (43,479 ) (16,703 )

PROVISIONS FOR LIABILITIES 9 (33,008 ) (25,972 )
NET ASSETS 92,217 71,980

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 92,117 71,880
SHAREHOLDERS' FUNDS 92,217 71,980

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 director acknowledges his 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.

R W Ellis Limited (Registered number: 06899872)

Balance Sheet - 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 January 2025 and were signed by:





R W Ellis - Director


R W Ellis Limited (Registered number: 06899872)

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

1. STATUTORY INFORMATION

R W Ellis 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 represents net invoiced sales of goods and services, excluding value added tax.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Motor vehicles - 25% on reducing balance

STOCKS
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

R W Ellis Limited (Registered number: 06899872)

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

2. ACCOUNTING POLICIES - continued

HIRE PURCHASE AND LEASING COMMITMENTS
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 203,749 140,127 1,571 345,447
Additions 95,344 52,000 - 147,344
Disposals (75,193 ) (88,440 ) - (163,633 )
At 30 April 2024 223,900 103,687 1,571 329,158
DEPRECIATION
At 1 May 2023 113,848 93,331 1,571 208,750
Charge for year 32,425 12,468 - 44,893
Eliminated on disposal (44,965 ) (67,181 ) - (112,146 )
At 30 April 2024 101,308 38,618 1,571 141,497
NET BOOK VALUE
At 30 April 2024 122,592 65,069 - 187,661
At 30 April 2023 89,901 46,796 - 136,697

R W Ellis Limited (Registered number: 06899872)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2023 169,693 94,687 264,380
Disposals (62,993 ) (57,000 ) (119,993 )
At 30 April 2024 106,700 37,687 144,387
DEPRECIATION
At 1 May 2023 94,685 57,869 152,554
Charge for year 21,339 4,306 25,645
Eliminated on disposal (43,045 ) (37,406 ) (80,451 )
At 30 April 2024 72,979 24,769 97,748
NET BOOK VALUE
At 30 April 2024 33,721 12,918 46,639
At 30 April 2023 75,008 36,818 111,826

5. STOCKS
2024 2023
£    £   
Stocks 650 950
Work-in-progress 694 816
1,344 1,766

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 17,501 17,414
Other debtors 7,513 8,275
Prepayments 6,550 6,193
31,564 31,882

R W Ellis Limited (Registered number: 06899872)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,000 5,000
Hire purchase contracts 23,916 16,910
Trade creditors 19,093 15,420
Corporation tax - 7,736
Social security and other tax 10,453 7,756
Other creditors 1,972 1,331
Director's current account 24,798 25,244
Accrued expenses 1,714 1,567
86,946 80,964

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 5,417 10,416
Hire purchase contracts 38,062 6,287
43,479 16,703

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 33,008 25,972

Deferred
tax
£   
Balance at 1 May 2023 25,972
Provided during year 7,036
Balance at 30 April 2024 33,008

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

R W Ellis Limited (Registered number: 06899872)

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

11. RESERVES
Retained
earnings
£   

At 1 May 2023 71,880
Profit for the year 35,237
Dividends (15,000 )
At 30 April 2024 92,117

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the Company paid the director dividends totalling £15,000 (2023 - £15,000). At 30th April 2024 the Company owed the director £24,798 (2023 - £25,244).

13. RELATED PARTY DISCLOSURES

During the year the Company provided goods and services totaling £373.44 to a Related Party (2023 - £3,000). Mr R W Ellis is the sole director and shareholder of this company. At 30th April 2024 the Company was owed £4,750 from this Related Party (2023 - £5,123).