Abbreviated Company Accounts - ELF LIMITED

02836327 ELF LIMITED 2014-07-31 false 2013-08-01 2014-07-31 true 02836327 2013-08-01 2014-07-31 02836327 2014-07-31 02836327 2013-07-31 02836327 uk-gaap-cd-bus:Director1 2013-08-01 2014-07-31 02836327 uk-gaap-cd-bus:Director2 2013-08-01 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-08-01 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-07-31 iso4217:GBP shares

Registered Number 02836327

ELF LIMITED

Abbreviated Accounts

31 July 2014

ELF LIMITED Registered Number 02836327

Abbreviated Balance Sheet as at 31 July 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	324,289	339,422
		324,289	339,422
Current assets
Stocks		350,285	250,127
Debtors		50,387	45,022
Cash at bank and in hand		28,335	207,042
		429,007	502,191
Creditors: amounts falling due within one year		(173,359)	(262,506)
Net current assets (liabilities)		255,648	239,685
Total assets less current liabilities		579,937	579,107
Provisions for liabilities		(8,413)	(9,765)
Total net assets (liabilities)		571,524	569,342
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		571,424	569,242
Shareholders' funds		571,524	569,342

For the year ending 31 July 2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 17 April 2015

And signed on their behalf by:
Mr N M Knight, Director

ELF LIMITED Registered Number 02836327

Notes to the Abbreviated Accounts for the period ended 31 July 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Freehold property - 2% on cost
Plant and machinery - 15% on cost
Motor vehicles - 25% on cost
Office equipment - 15% on cost

Other accounting policies
Pension costs
The company operates a defined contribution pension scheme and the assets of the scheme are held separately from those of the company. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

2Tangible fixed assets

	£
Cost
At 1 August 2013	428,643
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2014	428,643
Depreciation
At 1 August 2013	89,221
Charge for the year	15,133
On disposals	-
At 31 July 2014	104,354
Net book values
At 31 July 2014	324,289
At 31 July 2013	339,422

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
200 Ordinary shares of £0.50 each	100	100