Company Registration No. 4853024 (England and Wales)
Elhinn's Shoe Gallery Limited
Unaudited accounts
for the year ended 30 September 2024
Elhinn's Shoe Gallery Limited
Unaudited accounts
Contents
Elhinn's Shoe Gallery Limited
Company Information
for the year ended 30 September 2024
Directors
G D Elhinn
G I Elhinn
A A Elliston-Elhinn
Company Number
4853024 (England and Wales)
Registered Office
1 West Street
Lewes
East Sussex
BN7 2NA
Accountants
Maxwell-Gumbleton & Co.
1 West Street
Lewes
East Sussex
BN7 2NZ
Elhinn's Shoe Gallery Limited
Statement of financial position
as at 30 September 2024
Inventories
200,288
202,550
Cash at bank and in hand
5,482
20,402
Creditors: amounts falling due within one year
(161,724)
(174,982)
Net current assets
47,391
50,898
Called up share capital
6
6
Profit and loss account
47,385
51,161
Shareholders' funds
47,391
51,167
For the year ending 30 September 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2025 and were signed on its behalf by
G D Elhinn
Director
Company Registration No. 4853024
Elhinn's Shoe Gallery Limited
Notes to the Accounts
for the year ended 30 September 2024
Elhinn's Shoe Gallery Limited is a private company, limited by shares, registered in England and Wales, registration number 4853024. The registered office is 1 West Street, Lewes, East Sussex, BN7 2NA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Elhinn's Shoe Gallery Limited
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 October 2023
2,277
23,252
25,529
At 30 September 2024
2,277
23,252
25,529
At 1 October 2023
2,277
22,983
25,260
Charge for the year
-
269
269
At 30 September 2024
2,277
23,252
25,529
At 30 September 2024
-
-
-
At 30 September 2023
-
269
269
Amounts falling due within one year
Accrued income and prepayments
1,628
1,737
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
77,327
73,228
Taxes and social security
1,728
653
Loans from directors
69,449
92,342
Allotted, called up and fully paid:
6 Ordinary shares of £1 each
6
6
8
Average number of employees
During the year the average number of employees was 10 (2023: 9).