Micro-entity Accounts - ELYSIUM7 LIMITED

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Registered Number 05654606

ELYSIUM7 LIMITED

Micro-entity Accounts

31 December 2016

ELYSIUM7 LIMITED Registered Number 05654606

Micro-entity Balance Sheet as at 31 December 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	1	899	1,199
		899	1,199
Current assets
Stocks		57,137	18,970
Debtors	2	54,263	25,569
Cash at bank and in hand		-	16,001
		111,400	60,540
Creditors: amounts falling due within one year	3	(101,697)	(43,271)
Net current assets (liabilities)		9,703	17,269
Total assets less current liabilities		10,602	18,468
Total net assets (liabilities)		10,602	18,468
Capital and reserves
Called up share capital	4	1,000	1,000
Profit and loss account		9,602	17,468
Shareholders' funds		10,602	18,468

For the year ending 31 December 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 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 micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 27 September 2017

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

ELYSIUM7 LIMITED Registered Number 05654606

Notes to the Micro-entity Accounts for the period ended 31 December 2016

1Tangible fixed assets

	£
Cost
At 1 January 2016	5,020
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2016	5,020
Depreciation
At 1 January 2016	3,821
Charge for the year	300
On disposals	-
At 31 December 2016	4,121
Net book values
At 31 December 2016	899
At 31 December 2015	1,199

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.

2Debtors

	2016 £	2015 £
Debtors include the following amounts due after more than one year	0	0

All sales are due to be paid within 12 months of the year end.

3Creditors

	2016 £	2015 £
Secured Debts	34,052	20,400

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1,000 Ordinary shares of £1 each	1,000	1,000

5Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the invoices value of goods and services supplied by the company, net of value added tax and trade discounts.

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.