E is for Elephant Limited - Abbreviated accounts 16.1

E is for Elephant Limited - Abbreviated accounts 16.1

E IS FOR ELEPHANT LIMITED - Company Information

Print Friendly Version

06680365 1.7.15 30.6.16 30.6.16 Company accounts Private Limited Company FY true false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure066803652015-06-30066803652016-06-30066803652015-07-012016-06-30066803652014-06-30066803652014-07-012015-06-30066803652015-06-3006680365ns12:England2015-07-012016-06-3006680365ns14:PoundSterling2015-07-012016-06-3006680365ns7:Director12015-07-012016-06-3006680365ns7:OrdinaryShareClass12015-07-012016-06-3006680365ns7:RegisteredOffice2015-07-012016-06-3006680365ns7:EntityAccountantsOrAuditors2015-07-012016-06-3006680365ns5:NetGoodwill2015-07-012016-06-3006680365ns5:PlantMachinery2015-07-012016-06-3006680365ns7:OrdinaryShareClass12016-06-3006680365ns7:OrdinaryShareClass12015-06-30
REGISTERED NUMBER: 06680365 (England and Wales)















E IS FOR ELEPHANT LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2016






E IS FOR ELEPHANT LIMITED (REGISTERED NUMBER: 06680365)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the Year Ended 30 June 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Chartered Accountants' Report 6

E IS FOR ELEPHANT LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2016







DIRECTOR: S Halperin





REGISTERED OFFICE: 1 Abacus House
Newlands Road
Corsham
Wiltshire
SN13 0BH





REGISTERED NUMBER: 06680365 (England and Wales)





ACCOUNTANTS: Clear Vision Accountancy Limited
1 Abacus House
Newlands Road
Corsham
Wiltshire
SN13 0BH
-1-
E IS FOR ELEPHANT LIMITED (REGISTERED NUMBER: 06680365)

ABBREVIATED BALANCE SHEET
30 June 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 114,642 265,118
Tangible assets 3 47,286 50,663
161,928 315,781

CURRENT ASSETS
Stocks 11,794 10,059
Debtors 10,414 12,757
Cash at bank 15,758 7,786
37,966 30,602
CREDITORS
Amounts falling due within one year 263,559 269,986
NET CURRENT LIABILITIES (225,593 ) (239,384 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(63,665
)
76,397

PROVISIONS FOR LIABILITIES 9,549 10,133
NET (LIABILITIES)/ASSETS (73,214 ) 66,264

CAPITAL AND RESERVES
Called up share capital 4 2 2
Revaluation reserve 114,642 265,118
Profit and loss account (187,858 ) (198,856 )
SHAREHOLDERS' FUNDS (73,214 ) 66,264

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act
2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394
and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The notes form part of these abbreviated accounts

-2- continued...
E IS FOR ELEPHANT LIMITED (REGISTERED NUMBER: 06680365)

ABBREVIATED BALANCE SHEET - continued
30 June 2016


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 23 November 2016 and were signed by:





S Halperin - Director


The notes form part of these abbreviated accounts

-3-
E IS FOR ELEPHANT LIMITED (REGISTERED NUMBER: 06680365)

NOTES TO THE ABBREVIATED ACCOUNTS
for the Year Ended 30 June 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements 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 net invoice sales of goods and services, excluding value added tax.

Goodwill
Goodwill is revalued annually on the basis of an open market value for existing use.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period
of the lease.

Going concern
The director has assessed whether the company is a going concern and has considered all available information about
the future and is confident of the company's ability to continue as a going concern with his ongoing support.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 July 2015 265,118
Disposals (150,476 )
At 30 June 2016 114,642
NET BOOK VALUE

At 30 June 2016 114,642
At 30 June 2015 265,118

-4- continued...
E IS FOR ELEPHANT LIMITED (REGISTERED NUMBER: 06680365)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the Year Ended 30 June 2016

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 July 2015 118,303
Additions 322
At 30 June 2016 118,625
DEPRECIATION
At 1 July 2015 67,640
Charge for year 3,699
At 30 June 2016 71,339
NET BOOK VALUE
At 30 June 2016 47,286
At 30 June 2015 50,663

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
2 Ordinary 1 2 2

-5-
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
E IS FOR ELEPHANT LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) have
been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial
statements of E is for Elephant Limited for the year ended 30 June 2016 which comprise the Profit and Loss Account, the
Balance Sheet and the related notes from the company's accounting records and from information and explanations you have
given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of E is for Elephant Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of E is for Elephant Limited and state those matters that we have agreed to state to the director of E is for Elephant Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that E is for Elephant Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of E is for Elephant Limited. You consider that E is for Elephant Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of E is for Elephant Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Clear Vision Accountancy Limited
1 Abacus House
Newlands Road
Corsham
Wiltshire
SN13 0BH


25 November 2016

This page does not form part of the abbreviated accounts

-6-