ELF PRODUCTIVITY LIMITED

ELF PRODUCTIVITY LIMITED

ELF PRODUCTIVITY LIMITED - Company Information

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ELF PRODUCTIVITY LIMITED

Company Registration Number:
01677934 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2018

Period of accounts

Start date: 01 January 2018

End date: 31 December 2018

ELF PRODUCTIVITY LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2018

Balance sheet
Notes

ELF PRODUCTIVITY LIMITED

Balance sheet

As at 31 December 2018


Notes
2018
2017


£
£
Fixed assets
Intangible assets: 2 220,000 330,000
Tangible assets: 3 271,633 311,515
Total fixed assets: 491,633 641,515
Current assets
Stocks: 23,000 19,500
Debtors:   407,830 369,019
Cash at bank and in hand: 430,688 263,941
Total current assets: 861,518 652,460
Creditors: amounts falling due within one year:   (167,416) (184,281)
Net current assets (liabilities): 694,102 468,179
Total assets less current liabilities: 1,185,735 1,109,694
Creditors: amounts falling due after more than one year:   (185,718) (184,029)
Total net assets (liabilities): 1,000,017 925,665
Capital and reserves
Called up share capital: 352 352
Profit and loss account: 999,665 925,313
Shareholders funds: 1,000,017 925,665

The notes form part of these financial statements

ELF PRODUCTIVITY LIMITED

Balance sheet statements

For the year ending 31 December 2018 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 08 March 2019
and signed on behalf of the board by:

Name: P D O'Brien
Status: Director

The notes form part of these financial statements

ELF PRODUCTIVITY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.The company recognises revenue when:The amount of revenue can be reliably measured;it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Tangible fixed assets and depreciation policy

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:Motor Vehicles 25% Reducing Balance

Intangible fixed assets and amortisation policy

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, overtheir useful life as follows:Goodwill 10% Straight Line

ELF PRODUCTIVITY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2018

2. Intangible Assets

Total
Cost £
At 01 January 2018 1,100,000
At 31 December 2018 1,100,000
Amortisation
At 01 January 2018 770,000
Charge for year 110,000
At 31 December 2018 880,000
Net book value
At 31 December 2018 220,000
At 31 December 2017 330,000

ELF PRODUCTIVITY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2018

3. Tangible Assets

Total
Cost £
At 01 January 2018 331,628
Additions 29,679
Disposals (78,600)
At 31 December 2018 282,707
Depreciation
At 01 January 2018 20,113
Charge for year 8,114
On disposals (17,153)
At 31 December 2018 11,074
Net book value
At 31 December 2018 271,633
At 31 December 2017 311,515