ELYSIUM STUDIOS LTD

Company Registration Number:
12260825 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2022

Period of accounts

Start date: 01 November 2021

End date: 31 October 2022

ELYSIUM STUDIOS LTD

Contents of the Financial Statements

for the Period Ended 31 October 2022

Balance sheet
Notes

ELYSIUM STUDIOS LTD

Balance sheet

As at 31 October 2022


Notes

2022

2021


£

£
Fixed assets
Tangible assets: 3 2,175 1,221
Total fixed assets: 2,175 1,221
Current assets
Debtors: 4 100 100
Total current assets: 100 100
Creditors: amounts falling due within one year:   (1,541) (2,062)
Net current assets (liabilities): (1,441) (1,962)
Total assets less current liabilities: 734 (741)
Creditors: amounts falling due after more than one year:   (2,254)
Total net assets (liabilities): (1,520) (741)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (1,521) (742)
Shareholders funds: (1,520) (741)

The notes form part of these financial statements

ELYSIUM STUDIOS LTD

Balance sheet statements

For the year ending 31 October 2022 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 October 2023
and signed on behalf of the board by:

Name: Lornnette ford
Status: Director

The notes form part of these financial statements

ELYSIUM STUDIOS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

ELYSIUM STUDIOS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2022

2. Employees

2022 2021
Average number of employees during the period 1 1

The director is the only employee for the business

ELYSIUM STUDIOS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2022

3. Tangible Assets

Total
Cost £
At 01 November 2021 2,200
Additions 1,458
At 31 October 2022 3,658
Depreciation
At 01 November 2021 979
Other adjustments 504
At 31 October 2022 1,483
Net book value
At 31 October 2022 2,175
At 31 October 2021 1,221

Property, plant and equipment (PPE) are the long-term tangible assets that are shown on the balance sheet of the company. The company recognizes an asset as an item of PPE when the asset has a useful life for more than one year and it is used for production or supply of goods or services, for rental to others, or for administrative purposes.Property, plant and equipment include land, building, machinery, vehicles, office equipment and furniture, etc. The company records an item of property, plant and equipment initially at its cost in the accounting record. It includes all costs that necessary to bring the asset to the working condition that it can be used as intended. The cost of an item of PPE includes purchased price, import duties, and the costs to get assets to the location and condition ready to use such as transportation and installation cost, etc.

ELYSIUM STUDIOS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2022

4. Debtors

2022 2021
££
Debtors due after more than one year: 100 100

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at the amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.