Elelock Systems Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07599953 (England and Wales)

Abbreviated Unaudited Accounts

For The Year Ended 31 March 2014

for

Elelock Systems Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs J A Chrysostomou

C P Chrysostomou

REGISTERED OFFICE:

6 Cannons Lane

Hatfield Broad Oak

Bishops Stortford

Hertfordshire

CM22 7HX

REGISTERED NUMBER:

07599953 (England and Wales)

ACCOUNTANTS:

Giess Wallis Crisp LLP

10-12 Mulberry Green

Old Harlow

Essex

CM17 0ET

FIXED ASSETS

Tangible assets

2

2,995

805

CURRENT ASSETS

Debtors

25,218

5,683

Cash at bank

39,655

20,341

64,873

26,024

CREDITORS

Amounts falling due within one year

44,159

19,803

NET CURRENT ASSETS

20,714

6,221

TOTAL ASSETS LESS CURRENT LIABILITIES

23,709

7,026

PROVISIONS FOR LIABILITIES

599

-

NET ASSETS

23,110

7,026

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

23,010

6,926

SHAREHOLDERS' FUNDS

23,110

7,026

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 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 Board of Directors on 18 December 2014 and were signed on its behalf by:

C P Chrysostomou - Director

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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, 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.

Computer equipment

-

25% on reducing balance

Deferred tax

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

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

1,431

Additions

3,188

At 31 March 2014

4,619

DEPRECIATION

At 1 April 2013

626

Charge for year

998

At 31 March 2014

1,624

NET BOOK VALUE

At 31 March 2014

2,995

At 31 March 2013

805

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100