Company registration number 11930428 (England and Wales)
ELLIOSIS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023
PAGES FOR FILING WITH REGISTRAR
ELLIOSIS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
ELLIOSIS LIMITED
BALANCE SHEET
AS AT
30 APRIL 2023
30 April 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
10,689
7,014
Current assets
Cash at bank and in hand
99,519
41,763
Creditors: amounts falling due within one year
4
(29,469)
(14,172)
Net current assets
70,050
27,591
Net assets
80,739
34,605
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
80,738
34,604
Total equity
80,739
34,605

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 4 October 2023
Mr E Vernon
Director
Company registration number 11930428 (England and Wales)
ELLIOSIS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023
- 2 -
1
Accounting policies
Company information

Elliosis Limited is a private company limited by shares incorporated in England and Wales. The registered office is 88 Worcester Road, Hull, England, HU5 5XB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recover ed.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
33% pa on written down value
Fixtures and fittings
30% pa on written down value
Computers
33% pa on written down value

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

ELLIOSIS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
1
Accounting policies
(Continued)
- 3 -
1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

The company has accessed government grants during the Covid-19 pandemic in relation to the Coronavirus Job Retention Scheme (CJRS). This income is recorded as other income within the financial statements.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
1
ELLIOSIS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
- 4 -
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Total
£
£
£
£
Cost
At 1 May 2022
6,869
195
9,563
16,627
Additions
6,557
-
0
2,379
8,936
At 30 April 2023
13,426
195
11,942
25,563
Depreciation and impairment
At 1 May 2022
4,048
128
5,437
9,613
Depreciation charged in the year
3,096
20
2,145
5,261
At 30 April 2023
7,144
148
7,582
14,874
Carrying amount
At 30 April 2023
6,282
47
4,360
10,689
At 30 April 2022
2,821
67
4,126
7,014
4
Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
19,501
12,040
Other creditors
9,068
1,182
Accruals and deferred income
900
950
29,469
14,172
5
Directors' transactions

During the year the director has provided the company with a loan. This loan is unsecured and repayable upon demand.

6
Ultimate Controlling Party

The controlling party is E Vernon.

2023-04-30 2022-05-01 false 04 October 2023 CCH Software CCH Accounts Production 2023.200 No description of principal activity Mr Elliot Vernon 11930428 2022-05-01 2023-04-30 11930428 2023-04-30 11930428 2022-04-30 11930428 core:PlantMachinery 2023-04-30 11930428 core:FurnitureFittings 2023-04-30 11930428 core:ComputerEquipment 2023-04-30 11930428 core:PlantMachinery 2022-04-30 11930428 core:FurnitureFittings 2022-04-30 11930428 core:ComputerEquipment 2022-04-30 11930428 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 11930428 core:CurrentFinancialInstruments core:WithinOneYear 2022-04-30 11930428 core:CurrentFinancialInstruments 2023-04-30 11930428 core:CurrentFinancialInstruments 2022-04-30 11930428 core:ShareCapital 2023-04-30 11930428 core:ShareCapital 2022-04-30 11930428 core:RetainedEarningsAccumulatedLosses 2023-04-30 11930428 core:RetainedEarningsAccumulatedLosses 2022-04-30 11930428 bus:Director1 2022-05-01 2023-04-30 11930428 core:PlantMachinery 2022-05-01 2023-04-30 11930428 core:FurnitureFittings 2022-05-01 2023-04-30 11930428 core:ComputerEquipment 2022-05-01 2023-04-30 11930428 2021-05-01 2022-04-30 11930428 core:PlantMachinery 2022-04-30 11930428 core:FurnitureFittings 2022-04-30 11930428 core:ComputerEquipment 2022-04-30 11930428 2022-04-30 11930428 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 11930428 bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-04-30 11930428 bus:FRS102 2022-05-01 2023-04-30 11930428 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 11930428 bus:FullAccounts 2022-05-01 2023-04-30 xbrli:pure xbrli:shares iso4217:GBP