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REGISTERED NUMBER: 04279043 (England and Wales)






















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

ELISABETH JAMES LIMITED

ELISABETH JAMES LIMITED (REGISTERED NUMBER: 04279043)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELISABETH JAMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: C Millard





REGISTERED OFFICE: 3 Doolittle Yard
Froghall Road
Ampthill
Bedfordshire
MK45 2NW





REGISTERED NUMBER: 04279043 (England and Wales)





ACCOUNTANTS: GKP (Ampthill) Limited
Chartered Accountants
3 Doolittle Yard
Froghall Road
Ampthill
Bedfordshire
MK45 2NW

ELISABETH JAMES LIMITED (REGISTERED NUMBER: 04279043)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 219,347 220,763

CURRENT ASSETS
Inventories 98,000 125,000
Debtors 5 257,504 231,106
Cash at bank 132 132
355,636 356,238
CREDITORS
Amounts falling due within one year 6 (213,563 ) (196,305 )
NET CURRENT ASSETS 142,073 159,933
TOTAL ASSETS LESS CURRENT
LIABILITIES

361,420

380,696

CREDITORS
Amounts falling due after more than one
year

7

(30,682

)

(83,245

)
NET ASSETS 330,738 297,451

CAPITAL AND RESERVES
Called up share capital 150,001 150,001
Retained earnings 180,737 147,450
SHAREHOLDERS' FUNDS 330,738 297,451

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

ELISABETH JAMES LIMITED (REGISTERED NUMBER: 04279043)

BALANCE SHEET - continued
31 OCTOBER 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 29 August 2025 and were signed by:





C Millard - Director


ELISABETH JAMES LIMITED (REGISTERED NUMBER: 04279043)

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


1. STATUTORY INFORMATION

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

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.
Short leasehold - Straight line over 20 years
Improvements to property - Straight line over 20 years
Equipment - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Plant and machinery - 20% on reducing balance

Stocks
Inventories 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.

ELISABETH JAMES LIMITED (REGISTERED NUMBER: 04279043)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 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 6 (2023 - 6 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Improvements
Short to
leasehold property Equipment
£    £    £   
COST
At 1 November 2023 134,860 80,023 16,162
Additions - 15,886 141
At 31 October 2024 134,860 95,909 16,303
DEPRECIATION
At 1 November 2023 13,486 5,792 12,985
Charge for year 6,743 4,678 829
At 31 October 2024 20,229 10,470 13,814
NET BOOK VALUE
At 31 October 2024 114,631 85,439 2,489
At 31 October 2023 121,374 74,231 3,177

ELISABETH JAMES LIMITED (REGISTERED NUMBER: 04279043)

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


4. PROPERTY, PLANT AND EQUIPMENT - continued

Fixtures
and Motor Plant and
fittings vehicles machinery Totals
£    £    £    £   
COST
At 1 November 2023 5,168 32,070 10,950 279,233
Additions - - - 16,027
At 31 October 2024 5,168 32,070 10,950 295,260
DEPRECIATION
At 1 November 2023 4,825 16,461 4,921 58,470
Charge for year 86 3,901 1,206 17,443
At 31 October 2024 4,911 20,362 6,127 75,913
NET BOOK VALUE
At 31 October 2024 257 11,708 4,823 219,347
At 31 October 2023 343 15,609 6,029 220,763

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Improvements
to Motor
property vehicles Totals
£    £    £   
COST
At 1 November 2023 45,215 20,871 66,086
Transfer to ownership (27,882 ) - (27,882 )
At 31 October 2024 17,333 20,871 38,204
DEPRECIATION
At 1 November 2023 4,449 8,805 13,254
Charge for year 2,261 3,016 5,277
Transfer to ownership (2,788 ) - (2,788 )
At 31 October 2024 3,922 11,821 15,743
NET BOOK VALUE
At 31 October 2024 13,411 9,050 22,461
At 31 October 2023 40,766 12,066 52,832

ELISABETH JAMES LIMITED (REGISTERED NUMBER: 04279043)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 125,088 98,690
Other debtors 128,166 128,166
Prepayments 4,250 4,250
257,504 231,106

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 51,771 56,727
Hire purchase contracts and finance leases (see note 8)
6,515

15,265
Trade creditors 4,397 354
Tax 48,439 33,474
Social security and other taxes 2,650 37,743
VAT 57,144 28,752
Other creditors 31,698 15,443
Directors' current accounts 7,327 674
Accrued expenses 3,622 7,873
213,563 196,305

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 24,003 40,559
Bank loans - 2-5 years 6,229 35,719
Hire purchase contracts and finance leases (see note 8)
450

6,967
30,682 83,245

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts Finance leases
2024 2023 2024 2023
£    £    £    £   
Net obligations repayable:
Within one year 1,113 6,682 5,402 8,583
Between one and five years - 1,114 450 5,853
1,113 7,796 5,852 14,436

ELISABETH JAMES LIMITED (REGISTERED NUMBER: 04279043)

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


9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 11,212 23,597
Bank loans 70,791 109,408
Hire purchase contracts and finance leases 6,965 22,232
88,968 155,237

Hire purchase and finance lease liabilities are secured on the assets acquired.

10. RELATED PARTY DISCLOSURES

During the year the company paid rent to Chris Millard Properties Limited, a company under common control of £28,800 (2023: £20,700)
At the year end the company was owed £128,166 (2023 £128,166) from Chris Millard Properties Limited. No interest has been charged on this balance during the year (2023: £Nil) and there are no set repayment terms.

11. ULTIMATE CONTROLLING PARTY

The controlling party is C Millard.