PTP Accounts Production v24.3.2.46 10631312 director 1.6.23 31.5.24 31.5.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh106313122023-05-31106313122024-05-31106313122023-06-012024-05-31106313122022-05-31106313122022-06-012023-05-31106313122023-05-3110631312ns15:EnglandWales2023-06-012024-05-3110631312ns14:PoundSterling2023-06-012024-05-3110631312ns10:Director12023-06-012024-05-3110631312ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3110631312ns10:SmallEntities2023-06-012024-05-3110631312ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3110631312ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3110631312ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3110631312ns10:AbridgedAccounts2023-06-012024-05-311063131212023-06-012024-05-3110631312ns10:RegisteredOffice2023-06-012024-05-3110631312ns5:CurrentFinancialInstruments2024-05-3110631312ns5:CurrentFinancialInstruments2023-05-3110631312ns5:Non-currentFinancialInstruments2024-05-3110631312ns5:Non-currentFinancialInstruments2023-05-3110631312ns5:ShareCapital2024-05-3110631312ns5:ShareCapital2023-05-3110631312ns5:RetainedEarningsAccumulatedLosses2024-05-3110631312ns5:RetainedEarningsAccumulatedLosses2023-05-3110631312ns5:NetGoodwill2023-06-012024-05-3110631312ns5:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3110631312ns5:PatentsTrademarksLicencesConcessionsSimilar2023-06-012024-05-3110631312ns5:PlantMachinery2023-06-012024-05-31106313121ns10:Director12023-05-31106313121ns10:Director12022-05-31106313121ns10:Director12023-06-012024-05-31106313121ns10:Director12022-06-012023-05-31106313121ns10:Director12024-05-31106313121ns10:Director12023-05-31
REGISTERED NUMBER: 10631312 (England and Wales)








Unaudited Financial Statements for the Year Ended 31 May 2024

for

Elebay Limited

Elebay Limited (Registered number: 10631312)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Elebay Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Miss L Mclinden





REGISTERED OFFICE: Unit 6 Whitehills Drive
Whitehills Business Park
Blackpool
Lancashire
FY4 5LW





REGISTERED NUMBER: 10631312 (England and Wales)





ACCOUNTANTS: Ashworth Treasure (BOC) Limited
17-19 Park Street
Lytham
Lancashire
FY8 5LU

Elebay Limited (Registered number: 10631312)

Abridged Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,092 2,789
2,092 2,789

CURRENT ASSETS
Stocks 9,815 12,702
Debtors 37,031 91,179
Cash at bank and in hand 48,077 308
94,923 104,189
CREDITORS
Amounts falling due within one year 52,537 44,508
NET CURRENT ASSETS 42,386 59,681
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,478

62,470

CREDITORS
Amounts falling due after more than one
year

6

90,651

108,675
NET LIABILITIES (46,173 ) (46,205 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (46,273 ) (46,305 )
(46,173 ) (46,205 )

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 director acknowledges her 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.

Elebay Limited (Registered number: 10631312)

Abridged Balance Sheet - continued
31 May 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 February 2025 and were signed by:





Miss L Mclinden - Director


Elebay Limited (Registered number: 10631312)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Elebay 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.

As with most businesses we have not yet recovered from the Coronavirus (Covid 19). This had an impact on our operations, customers, suppliers and staff. We (where appropriate) utilised the grants and benefits available from the Government and are taking all the steps we can to protect the future of our business. Although this has resulted in the balance sheet showing a deficit of £46,173 the director believes that it is appropriate to prepare the accounts on a going concern basis The company did stabilise the position during 2023 and 2024 and draft management information for the year ended 31 May 2025 indicates that the company will record a profit in that year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of five years.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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 reducing balance

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

Financial instruments
The following assets and liabilities are classified as financial instruments -trade debtors, trade creditors, bank loans and directors' loans.

Bank Loans are initially measured at the present value of future payments,
discounted at a market rate of interest, and subsequently at amortised cost
using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at 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 the Statement of Income and Retained Earnings.


Elebay Limited (Registered number: 10631312)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
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 4 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023
and 31 May 2024 3,780
AMORTISATION
At 1 June 2023
and 31 May 2024 3,780
NET BOOK VALUE

At 31 May 2024 -
At 31 May 2023 -

Elebay Limited (Registered number: 10631312)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023
and 31 May 2024 10,972
DEPRECIATION
At 1 June 2023 8,183
Charge for year 697
At 31 May 2024 8,880
NET BOOK VALUE
At 31 May 2024 2,092
At 31 May 2023 2,789

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans more 5 yr by instal - 1,415

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
Miss L Mclinden
Balance outstanding at start of year 83,793 85,616
Amounts advanced 70,400 137,877
Amounts repaid (154,193 ) (139,700 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 83,793