Elaje Limited - Abbreviated accounts

Elaje Limited
Registered number:		06418745
Directors' Report

The directors present their report and accounts for the year ended 30 November 2015.

Principal activities
The company's principal activity during the year continued to be a hair and beauty salon

Directors
The following persons served as directors during the year:

	Julia McDiarmid
	Philip McDiarmid
	Eleanor Rose

Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board on 24 August 2016 and signed on its behalf.





Julia McDiarmid
Director

Registered number

06418745

Elaje Limited

Abbreviated Accounts

30 November 2015

Elaje Limited
Registered number:		06418745
Abbreviated Balance Sheet
as at 30 November 2015

Notes			2015			2014
£				£
Fixed assets
Tangible assets	2		25,308			38,791

Current assets
Stocks		23,800			27,300
Debtors		11,825			11,767
Cash at bank and in hand		26,683			20,747
		62,308			59,814

Creditors: amounts falling due within one year		(128,934)			(179,485)

Net current liabilities			(66,626)			(119,671)

Net liabilities			(41,318)			(80,880)

Capital and reserves
Called up share capital	3		100			100
Profit and loss account			(41,418)			(80,980)

Shareholders' funds			(41,318)			(80,880)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Julia McDiarmid
Director
Approved by the board on 24 August 2016

Elaje Limited
Notes to the Abbreviated Accounts
for the year ended 30 November 2015

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			25% straight line
	Leasehold Improvements			over the life of the lease (5 years)

	Stocks
	Stock is valued at the lower of cost and net realisable value.


2	Tangible fixed assets					£

	Cost
	At 1 December 2014					151,523
	Additions					9,191
	At 30 November 2015					160,714

	Depreciation
	At 1 December 2014					112,732
	Charge for the year					22,674
	At 30 November 2015					135,406

	Net book value
	At 30 November 2015					25,308
	At 30 November 2014					38,791


3	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		-		100		100