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REGISTERED NUMBER: 06006123 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Etills Limited

Etills Limited (Registered number: 06006123)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Etills Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: N McKenzie
Ms C C McKenzie





SECRETARY: Ms C C McKenzie





REGISTERED OFFICE: Unit 1
Whiting Way
Melbourn
Hertfordshire
SG8 6NA





REGISTERED NUMBER: 06006123 (England and Wales)





ACCOUNTANTS: Chaves LLP
Belfry House
Bell Lane
Hertford
Hertfordshire
SG14 1BP

Etills Limited (Registered number: 06006123)

Abridged Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 338,482 424,126
Investment property 6 310,108 290,108
648,590 714,234

CURRENT ASSETS
Stocks 65,000 66,539
Debtors 169,018 198,755
Cash at bank and in hand 1,473,613 1,353,184
1,707,631 1,618,478
CREDITORS
Amounts falling due within one year 222,078 212,442
NET CURRENT ASSETS 1,485,553 1,406,036
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,134,143

2,120,270

PROVISIONS FOR LIABILITIES 7 105,436 81,442
NET ASSETS 2,028,707 2,038,828

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 2,028,507 2,038,628
SHAREHOLDERS' FUNDS 2,028,707 2,038,828

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 November 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

Etills Limited (Registered number: 06006123)

Abridged Balance Sheet - continued
30 November 2024



The financial statements were approved by the Board of Directors and authorised for issue on 14 May 2025 and were signed on its behalf by:





N McKenzie - Director


Etills Limited (Registered number: 06006123)

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

1. STATUTORY INFORMATION

Etills 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 modified by the revaluation of certain assets.

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 2007, is being amortised evenly over its estimated useful life of ten 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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.


Etills Limited (Registered number: 06006123)

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

2. ACCOUNTING POLICIES - continued
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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred and charged to the income statement. Development expenditure is written off, except where there is a separate project that is technically, commercially and financially viable. In these cases, the identifiable expenditure is deferred and amortised over the period the company is expected to derive benefit.
Development costs are being amortised on a straight line basis over 10 years.

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 15 (2023 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2023
and 30 November 2024 42,000
AMORTISATION
At 1 December 2023
and 30 November 2024 42,000
NET BOOK VALUE

At 30 November 2024 -
At 30 November 2023 -

Etills Limited (Registered number: 06006123)

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

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2023 1,407,808
Additions 2,458
At 30 November 2024 1,410,266
DEPRECIATION
At 1 December 2023 983,682
Charge for year 88,102
At 30 November 2024 1,071,784
NET BOOK VALUE
At 30 November 2024 338,482
At 30 November 2023 424,126

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023 290,108
Revaluations 20,000
At 30 November 2024 310,108
NET BOOK VALUE
At 30 November 2024 310,108
At 30 November 2023 290,108

Fair value at 30 November 2024 is represented by:
£   
Valuation in 2020 86,000
Valuation in 2021 5,000
Valuation in 2024 20,000
Cost 199,108
310,108

If the investment property had not been revalued it would have been included at the following historical cost:

30.11.24 30.11.23
£    £   
Cost 199,108 199,108

The investment property was valued on an open market basis on 30 November 2024 by the directors .

Etills Limited (Registered number: 06006123)

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

7. PROVISIONS FOR LIABILITIES
30.11.24 30.11.23
£    £   
Deferred tax
Accelerated capital allowances 105,436 81,442

Deferred
tax
£   
Balance at 1 December 2023 81,442
Provided during year 23,994
Balance at 30 November 2024 105,436

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
100 Ordinary £1 100 100
50 A £1 50 50
50 B £1 50 50
200 200