Abbreviated Company Accounts - ELYSIUM7 LIMITED

Registered Number 05654606

ELYSIUM7 LIMITED

Abbreviated Accounts

31 December 2015

ELYSIUM7 LIMITED Registered Number 05654606

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	1,199	1,599
		1,199	1,599
Current assets
Stocks		18,970	18,800
Debtors		25,569	37,501
Cash at bank and in hand		16,001	25,381
		60,540	81,682
Creditors: amounts falling due within one year		(43,271)	(65,183)
Net current assets (liabilities)		17,269	16,499
Total assets less current liabilities		18,468	18,098
Total net assets (liabilities)		18,468	18,098
Capital and reserves
Called up share capital		1,000	1,000
Profit and loss account		17,468	17,098
Shareholders' funds		18,468	18,098

For the year ending 31 December 2015 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 30 June 2016

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

ELYSIUM7 LIMITED Registered Number 05654606

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention.

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 2015	5,020
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	5,020
Depreciation
At 1 January 2015	3,421
Charge for the year	400
On disposals	-
At 31 December 2015	3,821
Net book values
At 31 December 2015	1,199
At 31 December 2014	1,599

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.