1 January 2022 false No description of principal activity Taxfiler 2023.9 11003851business:PrivateLimitedCompanyLtd2022-01-012022-12-31 110038512021-12-31 110038512022-01-012022-12-31 11003851business:AuditExempt-NoAccountantsReport2022-01-012022-12-31 11003851business:FilletedAccounts2022-01-012022-12-31 110038512022-12-31 11003851business:Director12022-01-012022-12-31 11003851business:Director22022-01-012022-12-31 11003851business:CompanySecretary12022-01-012022-12-31 11003851business:RegisteredOffice2022-01-012022-12-31 110038512021-12-31 11003851core:WithinOneYear2022-12-31 11003851core:WithinOneYear2021-12-31 11003851core:AfterOneYear2022-12-31 11003851core:AfterOneYear2021-12-31 11003851core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 11003851core:ShareCapitalcore:PreviouslyStatedAmount2021-12-31 11003851core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 11003851core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2021-12-31 11003851core:PreviouslyStatedAmount2022-12-31 11003851core:PreviouslyStatedAmount2021-12-31 11003851business:SmallEntities2022-01-012022-12-31 11003851countries:EnglandWales2022-01-012022-12-31 11003851core:ComputerEquipment2022-01-012022-12-31 11003851core:ComputerEquipment2021-12-31 11003851core:ComputerEquipment2022-12-31 11003851core:DisposalsRepaymentsInvestments2022-12-31 110038512021-01-012021-12-31 iso4217:GBP xbrli:pure
Company Registration No. 11003851 (England and Wales)
Elasticito Limited Unaudited accounts for the year ended 31 December 2022
Elasticito Limited Unaudited accounts Contents
Page
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Elasticito Limited Company Information for the year ended 31 December 2022
Directors
Andrew Brown Ronan Lavelle
Secretary
Andrew Brown
Company Number
11003851 (England and Wales)
Registered Office
128 City Road London EC1V 2NX
Accountants
Wizz Accounting Ltd 128 City Road London EC1V 2NX
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Elasticito Limited Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,473 
- 
Investments
80,086 
147,168 
81,559 
147,168 
Current assets
Debtors
483,883 
93,524 
Cash at bank and in hand
123,097 
57,492 
606,980 
151,016 
Creditors: amounts falling due within one year
(328,213)
(107,433)
Net current assets
278,767 
43,583 
Total assets less current liabilities
360,326 
190,751 
Creditors: amounts falling due after more than one year
(39,324)
(44,167)
Net assets
321,002 
146,584 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
320,902 
146,484 
Shareholders' funds
321,002 
146,584 
For the year ending 31 December 2022 the company was entitled to exemption from audit 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2023 and were signed on its behalf by
Andrew Brown Director Company Registration No. 11003851
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Elasticito Limited Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
Elasticito Limited is a private company, limited by shares, registered in England and Wales, registration number 11003851. The registered office is 128 City Road, London, EC1V 2NX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 years
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2022
- 
Additions
2,210 
At 31 December 2022
2,210 
Depreciation
Charge for the year
737 
At 31 December 2022
737 
Net book value
At 31 December 2022
1,473 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 January 2022
147,168 
Disposals
(67,082)
Valuation at 31 December 2022
80,086 
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Elasticito Limited Notes to the Accounts for the year ended 31 December 2022
6
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
215,483 
91,028 
Other debtors
7,582 
2,496 
223,065 
93,524 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
249,765 
- 
Other debtors
11,053 
- 
260,818 
- 
7
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
22,537 
25,959 
Trade creditors
265,117 
55,590 
Taxes and social security
40,412 
20,050 
Other creditors
147 
5,522 
Loans from directors
- 
312 
328,213 
107,433 
8
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
33,333 
44,167 
Amounts owed to group undertakings and other participating interests
5,991 
- 
39,324 
44,167 
9
Transactions with related parties
The following payments were made and received from related parties during the year as loans in which Mr Ronan Lavelle and Mr Andrew Brown are also company directors and shareholders. Elasticito Limited Ireland - received £5,991 Validato Limited (12988033) - paid £207,954 (balance is £249,765) Elasticito SA (Pty) Ltd - paid £11,053
10
Average number of employees
During the year the average number of employees was 0 (2021: 0).
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