ELX Art Limited - Accounts to registrar (filleted) - small 18.2

ELX Art Limited - Accounts to registrar (filleted) - small 18.2

ELX ART LIMITED - Company Information

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REGISTERED NUMBER: 08539106 (England and Wales)















Unaudited Financial Statements For The Year Ended 31 December 2019

for

ELX Art Limited
ELX Art Limited (Registered number: 08539106)

Contents of the Financial Statements
For The Year Ended 31 December 2019










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ELX Art Limited

Company Information
For The Year Ended 31 December 2019







DIRECTOR: Mr J-B Leroux





SECRETARY:





REGISTERED OFFICE: 23/3 Kempsford Gardens
London
SW5 9LA





REGISTERED NUMBER: 08539106 (England and Wales)





ACCOUNTANTS: Cochran, Harris & Clarke Ltd
7 Billing Road
Northampton
NORTHAMPTONSHIRE
NN1 5AN
Page 1
ELX Art Limited (Registered number: 08539106)

Balance Sheet
31 December 2019

2019 2018
Notes £    £   
CURRENT ASSETS
Debtors 4 1,116 5,034
Cash at bank 31,567 46,761
32,683 51,795
CREDITORS
Amounts falling due within one year 5 8,395 20,370
NET CURRENT ASSETS 24,288 31,425
TOTAL ASSETS LESS CURRENT
LIABILITIES
24,288
31,425

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 24,188 31,325
SHAREHOLDERS' FUNDS 24,288 31,425

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 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.

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 16 September 2020 and were
signed by:





Mr J-B Leroux - Director


The notes form part of these financial statements

Page 2
ELX Art Limited (Registered number: 08539106)

Notes to the Financial Statements
For The Year Ended 31 December 2019


1. STATUTORY INFORMATION

ELX Art 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
Turnover represents the net invoiced value of goods and services, exclusive of Value Added Tax.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and
liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related
parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period
for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is
recognised in profit and loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an
enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise
the asset and settle the liability simultaneously.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors - 5,034
Other debtors 1,116 -
1,116 5,034

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 768 36
Taxation and social security - 9,232
Other creditors 7,627 11,102
8,395 20,370

Page 3