Company Registration No. 03979270 (England and Wales)
ELLMAC LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2016
ELLMAC LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
ELLMAC LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2016
30 April 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
60,000
75,000
Tangible assets
2
51,936
39,543
111,936
114,543
Current assets
Stocks
383,513
299,529
Debtors
37,991
38,561
Cash at bank and in hand
185,118
179,016
606,622
517,106
Creditors: amounts falling due within one year
(137,010)
(119,443)
Net current assets
469,612
397,663
Total assets less current liabilities
581,548
512,206
Provisions for liabilities
(8,759)
(5,957)
572,789
506,249
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
572,689
506,149
Shareholders' funds
572,789
506,249
ELLMAC LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2016
30 April 2016
- 2 -
For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 12 September 2016
Mr P J Elliott
Director
Company Registration No. 03979270
ELLMAC LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
The director is not aware of any material uncertainties affecting the company and considers that the company will have sufficient resources to continue trading for the foreseeable future. As a result the director has continued to adopt the going concern basis in preparing the financial statements.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the identifiable assets and liabilities. It is written off to the profit and loss account in equal annual instalments over its estimated useful economic life of 20 years.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Leasehold
10% straight line
Fixtures, fittings & equipment
15% reducing balance and 33% straight line
Motor vehicles
25% reducing balance
ELLMAC LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2016
- 4 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 May 2015
360,000
193,565
553,565
Additions
-
22,017
22,017
At 30 April 2016
360,000
215,582
575,582
Depreciation
At 1 May 2015
285,000
154,022
439,022
Charge for the year
15,000
9,624
24,624
At 30 April 2016
300,000
163,646
463,646
Net book value
At 30 April 2016
60,000
51,936
111,936
At 30 April 2015
75,000
39,543
114,543
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
52 Ordinary A shares of £1 each
52
52
48 Ordinary B shares of £1 each
48
48
100
100
All classes of shares carry the same rights.
4
Ultimate parent company
The company's ultimate holding company is Ellmac (Holdings) Limited, a company registered in England and Wales.
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