Elixir Law Limited - Accounts

Elixir Law Limited - Accounts

ELIXIR LAW LIMITED - Company Information

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Registered Number: 08055048
England and Wales

 

 

 

ELIXIR LAW LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

Elixir Law Limited
Contents Page
For the year ended 31 March 2023
 
 		 Notes
 		 2023
£		   2022
£
Fixed assets      
Investments 3 780    780 
780    780 
Current assets      
Stocks 7,000    - 
Debtors 37,486    33,622 
Cash at bank and in hand 2,127    33,406 
46,613    67,028 
Creditors: amount falling due within one year (38,844)   (59,606)
Net current assets 7,769    7,422 
 
Total assets less current liabilities 8,549    8,202 
Net assets 8,549    8,202 
 

Capital and reserves 		     
Called up share capital 1    1 
Profit and loss account 8,548    8,201 
Shareholder's funds 8,549    8,202 
 


For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 30 December 2023 and were signed by:


-------------------------------
Nazam Ali
Director
1
General Information
Elixir Law Limited is a private company, limited by shares, registered in England and Wales, registration number 08055048, registration address 97 Egerton Road North , Whalley Rangge, Manchester, M16 0DH.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 1 (2022 : 1).
3.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 April 2022 780    780 
Additions -    - 
Transfer to/from tangible fixed assets -    - 
Disposals -    - 
At 31 March 2023 780    780 

2