Abbreviated Company Accounts - ELE'S FUTURES LIMITED

ELS HIGHPOINT LIMITED - Company Information

05824452 ELE'S FUTURES LIMITED 2014-05-31 false 2013-06-01 2014-05-31 true 05824452 2013-06-01 2014-05-31 05824452 2014-05-31 05824452 2013-05-31 05824452 uk-gaap-cd-bus:Director1 2013-06-01 2014-05-31 05824452 uk-gaap-cd-bus:Director2 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-31 iso4217:GBP shares

Registered Number 05824452

ELE'S FUTURES LIMITED

Abbreviated Accounts

31 May 2014

ELE'S FUTURES LIMITED Registered Number 05824452

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	1,079	494
		1,079	494
Current assets
Cash at bank and in hand		11,223	16,733
		11,223	16,733
Creditors: amounts falling due within one year		(4,935)	(9,717)
Net current assets (liabilities)		6,288	7,016
Total assets less current liabilities		7,367	7,510
Total net assets (liabilities)		7,367	7,510
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		7,366	7,509
Shareholders' funds		7,367	7,510

For the year ending 31 May 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 23 February 2015

And signed on their behalf by:
Eleonora Eliades, Director

ELE'S FUTURES LIMITED Registered Number 05824452

Notes to the Abbreviated Accounts for the period ended 31 May 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 sales of services net of VAT and trade discounts. Turnover is recognised when the services are provided to the customer.

Tangible assets depreciation policy
Tangible 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:

Fixtures, fittings & equipment 25% reducing balance.

2Tangible fixed assets

	£
Cost
At 1 June 2013	5,000
Additions	945
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	5,945
Depreciation
At 1 June 2013	4,506
Charge for the year	360
On disposals	-
At 31 May 2014	4,866
Net book values
At 31 May 2014	1,079
At 31 May 2013	494

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

	2014 £	2013 £
1 Ordinary shares of £1 each	1	1