Abbreviated Company Accounts - ELYSIUM7 LIMITED

Registered Number 05654606

ELYSIUM7 LIMITED

Abbreviated Accounts

31 December 2014

ELYSIUM7 LIMITED Registered Number 05654606

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	1,599	595
		1,599	595
Current assets
Stocks		18,800	44,625
Debtors		38,392	40,346
Cash at bank and in hand		25,381	-
		82,573	84,971
Creditors: amounts falling due within one year		(66,074)	(68,796)
Net current assets (liabilities)		16,499	16,175
Total assets less current liabilities		18,098	16,770
Total net assets (liabilities)		18,098	16,770
Capital and reserves
Called up share capital		1,000	1,000
Profit and loss account		17,098	15,770
Shareholders' funds		18,098	16,770

For the year ending 31 December 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 9 September 2015

And signed on their behalf by:
MR TERRY SELMAN, Director

ELYSIUM7 LIMITED Registered Number 05654606

Notes to the Abbreviated Accounts for the period ended 31 December 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 amounts receivable for goods and services provided net of VAT.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation has been provided at rates calculated to write off the cost less residual value of each asset over its expected useful life and has been reasonably computed and consistently applied.

2Tangible fixed assets

	£
Cost
At 1 January 2014	3,867
Additions	1,153
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	5,020
Depreciation
At 1 January 2014	3,272
Charge for the year	149
On disposals	-
At 31 December 2014	3,421
Net book values
At 31 December 2014	1,599
At 31 December 2013	595

Tangible fixed assets are stated at cost less depreciation. Depreciation has been provided at rates calculated to write off the cost less residual value of each asset over its expected useful life and has been reasonably computed and consistently applied.