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REGISTERED NUMBER: 10598488 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2021

FOR

ELEVATE INTERNATIONAL LTD

ELEVATE INTERNATIONAL LTD (REGISTERED NUMBER: 10598488)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2021




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


ELEVATE INTERNATIONAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2021







DIRECTOR: Miss L Harris





REGISTERED OFFICE: Evolution House
Iceni Court
Delft Way
Norwich
Norfolk
NR6 6BB





REGISTERED NUMBER: 10598488 (England and Wales)





ACCOUNTANTS: Farnell Clarke Limited
Evolution House
Delft Way
Norwich Airport
Norwich
Norfolk
NR6 6BB

ELEVATE INTERNATIONAL LTD (REGISTERED NUMBER: 10598488)

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,861 1,281

CURRENT ASSETS
Debtors 5 7,534 3,646
Cash at bank 2,683 3,872
10,217 7,518
CREDITORS
Amounts falling due within one year 6 8,781 8,346
NET CURRENT ASSETS/(LIABILITIES) 1,436 (828 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,297

453

PROVISIONS FOR LIABILITIES 354 243
NET ASSETS 2,943 210

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 2,843 110
SHAREHOLDERS' FUNDS 2,943 210

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2021 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 12 September 2022 and were signed by:





Miss L Harris - Director


ELEVATE INTERNATIONAL LTD (REGISTERED NUMBER: 10598488)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2021

1. STATUTORY INFORMATION

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

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - 1 ).

ELEVATE INTERNATIONAL LTD (REGISTERED NUMBER: 10598488)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2021

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2020 - 1,794 1,794
Additions 738 745 1,483
Disposals - (234 ) (234 )
At 28 February 2021 738 2,305 3,043
DEPRECIATION
At 1 March 2020 - 513 513
Charge for year 108 740 848
Eliminated on disposal - (179 ) (179 )
At 28 February 2021 108 1,074 1,182
NET BOOK VALUE
At 28 February 2021 630 1,231 1,861
At 29 February 2020 - 1,281 1,281

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Director's current account 7,130 3,242
Tax 404 404
7,534 3,646

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 437 377
Corporation tax 8,344 7,969
8,781 8,346

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
100 Ordinary £1 100 100

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2021 and 29 February 2020:

2021 2020
£    £   
Miss L Harris
Balance outstanding at start of year 3,242 1,246
Amounts advanced 11,059 13,606
Amounts repaid (7,171 ) (11,610 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,130 3,242

ELEVATE INTERNATIONAL LTD (REGISTERED NUMBER: 10598488)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2021

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

The director's loan was repaid on 30 November 2021.

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £13,527 (2020 - £14,400) were paid to the director .

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Miss L Harris.