Company registration number 06524359 (England and Wales)
ELIANNA BUSINESS STRATEGIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023
PAGES FOR FILING WITH REGISTRAR
ELIANNA BUSINESS STRATEGIES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
ELIANNA BUSINESS STRATEGIES LIMITED
BALANCE SHEET
- 1 -
31 July 2023
31 March 2022
Notes
£
£
£
£
Fixed assets
Tangible assets
5
487
Current assets
Debtors
6
7,155
692
Cash at bank and in hand
10,173
7,155
10,865
Creditors: amounts falling due within one year
7
(1,595)
(10,990)
Net current assets/(liabilities)
5,560
(125)
Total assets less current liabilities
5,560
362
Provisions for liabilities
(92)
Net assets
5,560
270
Capital and reserves
Called up share capital
8
1
1
Profit and loss reserves
5,559
269
Total equity
5,560
270
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 period ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the period 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 1 September 2023
Mrs T Griffiths
Director
Company Registration No. 06524359
ELIANNA BUSINESS STRATEGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023
- 2 -
1
Accounting policies
Company information
Elianna Business Strategies Limited is a private company limited by shares incorporated in England and Wales. The registered office is 32 Shepley Drive, Hazel Grove, Stockport, Cheshire, SK7 6LE.
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 amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Reporting period
The financial statements are comprised of an extended cessation period to 31 July 2023. The accounts are therefore not comparable with the prior year.
1.3
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.
1.4
Intangible fixed assets other than goodwill
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.
Amortisation 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:
Licenses
Fully amortised
1.5
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:
Computers
33% straight line
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.
ELIANNA BUSINESS STRATEGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2023
1
Accounting policies
(Continued)
- 3 -
1.6
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.
1.7
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.
1.8
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
1.9
Government grants
Government grants are recognised at the fair value of the asset received 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.
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
ELIANNA BUSINESS STRATEGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2023
- 4 -
3
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2023
2022
Number
Number
Total
3
3
4
Intangible fixed assets
Licenses
£
Cost
At 1 April 2022
24,310
Disposals
(24,310)
At 31 July 2023
Amortisation and impairment
At 1 April 2022
24,310
Disposals
(24,310)
At 31 July 2023
Carrying amount
At 31 July 2023
At 31 March 2022
ELIANNA BUSINESS STRATEGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2023
- 5 -
5
Tangible fixed assets
Computers
£
Cost
At 1 April 2022
3,215
Disposals
(3,215)
At 31 July 2023
Depreciation and impairment
At 1 April 2022
2,727
Depreciation charged in the period
488
Eliminated in respect of disposals
(3,215)
At 31 July 2023
Carrying amount
At 31 July 2023
At 31 March 2022
487
6
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
692
Other debtors
7,155
7,155
692
7
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
3,443
Taxation and social security
1,595
1,955
Other creditors
5,592
1,595
10,990
8
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary share of £1 each
1
1
1
1
ELIANNA BUSINESS STRATEGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2023
- 6 -
9
Directors' transactions
At the period end a balance of £7,154 was due from Mrs T Griffiths, a director of the company. No interest was charged on this amount and the balance was repaid post period end via a capital distribution on cessation of the company.