IRIS Accounts Production v24.3.0.553 04197473 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh041974732023-05-31041974732024-05-31041974732023-06-012024-05-31041974732022-05-31041974732022-06-012023-05-31041974732023-05-3104197473ns15:EnglandWales2023-06-012024-05-3104197473ns14:PoundSterling2023-06-012024-05-3104197473ns10:Director12023-06-012024-05-3104197473ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3104197473ns10:SmallEntities2023-06-012024-05-3104197473ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3104197473ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3104197473ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3104197473ns10:FullAccounts2023-06-012024-05-310419747312023-06-012024-05-3104197473ns10:Director22023-06-012024-05-3104197473ns10:RegisteredOffice2023-06-012024-05-3104197473ns5:CurrentFinancialInstruments2024-05-3104197473ns5:CurrentFinancialInstruments2023-05-3104197473ns5:ShareCapital2024-05-3104197473ns5:ShareCapital2023-05-3104197473ns5:RetainedEarningsAccumulatedLosses2024-05-3104197473ns5:RetainedEarningsAccumulatedLosses2023-05-3104197473ns5:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3104197473ns5:PlantMachinery2023-06-012024-05-3104197473ns5:NetGoodwill2023-05-3104197473ns5:NetGoodwill2024-05-3104197473ns5:NetGoodwill2023-05-3104197473ns5:PlantMachinery2023-05-3104197473ns5:MotorVehicles2023-05-3104197473ns5:MotorVehicles2023-06-012024-05-3104197473ns5:PlantMachinery2024-05-3104197473ns5:MotorVehicles2024-05-3104197473ns5:PlantMachinery2023-05-3104197473ns5:MotorVehicles2023-05-3104197473ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3104197473ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-31
REGISTERED NUMBER: 04197473 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

E.L.B. INTERIOR DECOR LIMITED

E.L.B. INTERIOR DECOR LIMITED (REGISTERED NUMBER: 04197473)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


E.L.B. INTERIOR DECOR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mrs P A Bellis
Mr L J Bellis





REGISTERED OFFICE: 70 Twist Lane
Leigh
Lancashire
WN7 4DP





REGISTERED NUMBER: 04197473 (England and Wales)





ACCOUNTANTS: Christian Douglass Accountants Limited
Chartered Accountants
2 Jordan Street
Knott Mill
Manchester
M15 4PY

E.L.B. INTERIOR DECOR LIMITED (REGISTERED NUMBER: 04197473)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 44,732 62,261
44,732 62,261

CURRENT ASSETS
Stocks 56,347 57,579
Debtors 6 69,248 74,713
Cash at bank and in hand 113,765 110,377
239,360 242,669
CREDITORS
Amounts falling due within one year 7 120,518 126,100
NET CURRENT ASSETS 118,842 116,569
TOTAL ASSETS LESS CURRENT
LIABILITIES

163,574

178,830

PROVISIONS FOR LIABILITIES 13,719 12,451
NET ASSETS 149,855 166,379

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 149,853 166,377
SHAREHOLDERS' FUNDS 149,855 166,379

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 21 February 2025 and were signed on its behalf by:





Mr L J Bellis - Director


E.L.B. INTERIOR DECOR LIMITED (REGISTERED NUMBER: 04197473)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

E.L.B. Interior Decor Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 04197473 and its registered office is at 70 Twist Lane, Leigh, Lancashire, WN7 4DP.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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
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.

E.L.B. INTERIOR DECOR LIMITED (REGISTERED NUMBER: 04197473)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 145,000
AMORTISATION
At 1 June 2023
and 31 May 2024 145,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 June 2023 9,141 99,628 108,769
Additions - 2,100 2,100
At 31 May 2024 9,141 101,728 110,869
DEPRECIATION
At 1 June 2023 8,008 38,500 46,508
Charge for year 598 19,031 19,629
At 31 May 2024 8,606 57,531 66,137
NET BOOK VALUE
At 31 May 2024 535 44,197 44,732
At 31 May 2023 1,133 61,128 62,261

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 62,901 65,945
Other debtors 6,347 8,768
69,248 74,713

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 41,757 59,760
Taxation and social security 51,735 25,187
Other creditors 27,026 41,153
120,518 126,100