Elanhurst Limited - Period Ending 2016-01-31

Registration number: 02465912

Elanhurst Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 January 2016
 

Sobell Rhodes LLP
Chartered Accountants
Monument House
215 Marsh Road
Pinner
Middlesex
HA5 5NE

Elanhurst Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Elanhurst Limited
(Registration number: 02465912)
Abbreviated Balance Sheet at 31 January 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			1,364			439
Current assets
Debtors					50,905			64,374
Cash at bank and in hand					51,824			31,565
					102,729			95,939
Creditors: Amounts falling due within one year					(58,045)			(46,941)
Net current assets					44,684			48,998
Total assets less current liabilities					46,048			49,437
Provisions for liabilities					(273)			(88)
Net assets					45,775			49,349
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					45,675			49,249
Shareholders' funds					45,775			49,349

For the year ending 31 January 2016 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 director acknowledges her 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 director on 20 March 2016

 Z Dinic
 Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Elanhurst Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	15% reducing balance

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Foreign currency

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Elanhurst Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 February 2015		2,847			2,847
Additions		1,166			1,166
At 31 January 2016		4,013			4,013
Depreciation
At 1 February 2015		2,408			2,408
Charge for the year		241			241
At 31 January 2016		2,649			2,649
Net book value
At 31 January 2016		1,364			1,364
At 31 January 2015		439			439

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 3