Elegius Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 04376207 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

ELEGIUS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Ms C Wuillamie

SECRETARY:

J R Childress

REGISTERED OFFICE:

4 Prince Albert Road

London

NW1 7SN

REGISTERED NUMBER:

04376207 (England and Wales)

ACCOUNTANTS:

Scodie Deyong LLP

Chartered Accountants

4 Prince Albert Road

London

NW1 7SN

FIXED ASSETS

Tangible assets

4

1,452

640

CURRENT ASSETS

Stocks

-

715

Debtors

5

89,788

40,000

Cash at bank

62,510

1,572

152,298

42,287

CREDITORS

Amounts falling due within one year

6

91,605

45,840

NET CURRENT ASSETS/(LIABILITIES)

60,693

(3,553

)

TOTAL ASSETS LESS CURRENT LIABILITIES

62,145

(2,913

)

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

62,045

(3,013

)

SHAREHOLDERS' FUNDS

62,145

(2,913

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 5 July 2017 and were signed by:

Ms C Wuillamie - Director

1.	STATUTORY INFORMATION

Elegius Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2016

1,416

4,309

5,725

Additions

-

1,166

1,166

At 31 March 2017

1,416

5,475

6,891

DEPRECIATION

At 1 April 2016

968

4,117

5,085

Charge for year

112

242

354

At 31 March 2017

1,080

4,359

5,439

NET BOOK VALUE

At 31 March 2017

336

1,116

1,452

At 31 March 2016

448

192

640

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

62,000

30,000

Amounts owed by group undertakings

27,021

-

Other debtors

767

10,000

89,788

40,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

717

1,908

Taxation and social security

49,468

10,053

Other creditors

41,420

33,879

91,605

45,840

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

100

Ordinary

£1

100

100

8.	RELATED PARTY DISCLOSURES

Principia Associates Limited

A company in which Ms C Wuillamie is a director.

The company made sales in the year totalling £Nil (2016: £35,000) in respect of administrative support to

Principia Associates Limited.

During the year, Elegius loaned £27,021 to Principia.

2017

2016

£

£

Amount due from related party at the balance sheet date

29,021

-

Of the balance above, £2,000 (2016: £Nil) is included within trade debtors.