Company Registration No. 11003851 (England and Wales)
Elasticito Limited
Unaudited accounts
for the year ended 31 December 2022
Elasticito Limited
Unaudited accounts
Contents
Elasticito Limited
Company Information
for the year ended 31 December 2022
Directors
Andrew Brown
Ronan Lavelle
Company Number
11003851 (England and Wales)
Registered Office
128 City Road
London
EC1V 2NX
Accountants
Wizz Accounting Ltd
128 City Road
London
EC1V 2NX
Elasticito Limited
Statement of financial position
as at 31 December 2022
Investments
80,086
147,168
Cash at bank and in hand
123,097
57,492
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
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
Elasticito Limited
Notes to the Accounts
for the year ended 31 December 2022
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
5
Investments
Subsidiary undertakings
Valuation at 1 January 2022
147,168
Valuation at 31 December 2022
80,086
Elasticito Limited
Notes to the Accounts
for the year ended 31 December 2022
Amounts falling due within one year
Trade debtors
215,483
91,028
Amounts falling due after more than one year
Amounts due from group undertakings etc.
249,765
-
7
Creditors: amounts falling due within one year
2022
2021
Trade creditors
265,117
55,590
Taxes and social security
40,412
20,050
Loans from directors
-
312
8
Creditors: amounts falling due after more than one year
2022
2021
Amounts owed to group undertakings and other participating interests
5,991
-
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).