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Company Registration No. 12842469 (England and Wales)
Elevate Gm Limited Unaudited accounts for the year ended 31 August 2023
Elevate Gm Limited Unaudited accounts Contents
Page
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Elevate Gm Limited Company Information for the year ended 31 August 2023
Directors
Ilona Alcock Katie Robson
Company Number
12842469 (England and Wales)
Registered Office
C/O Accounts And Legal 81 King Street Manchester Greater Manchester M2 4AH England
Accountants
Accounts and Legal Consultants Ltd Suite 1-3 The Hop Exchange 24 Southwark Street London SE1 1TY
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Elevate Gm Limited Accountants' report
Accountants' report to the board of directors of Elevate Gm Limited on the preparation of the unaudited statutory accounts for the year ended 31 August 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Elevate Gm Limited for the year ended 31 August 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Elevate Gm Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Elevate Gm Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Elevate Gm Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Elevate Gm Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Elevate Gm Limited. You consider that Elevate Gm Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Elevate Gm Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Accounts and Legal Consultants Ltd Suite 1-3 The Hop Exchange 24 Southwark Street London SE1 1TY 20 September 2023
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Elevate Gm Limited Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,248 
2,433 
Current assets
Debtors
3,249 
17,015 
Cash at bank and in hand
26,457 
23,771 
29,706 
40,786 
Creditors: amounts falling due within one year
(19,791)
(42,406)
Net current assets/(liabilities)
9,915 
(1,620)
Net assets
12,163 
813 
Capital and reserves
Called up share capital
99 
2 
Profit and loss account
12,064 
811 
Shareholders' funds
12,163 
813 
For the year ending 31 August 2023 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 9 April 2024 and were signed on its behalf by
Ilona Alcock Director Company Registration No. 12842469
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Elevate Gm Limited Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Elevate Gm Limited is a private company, limited by shares, registered in England and Wales, registration number 12842469. The registered office is C/O Accounts And Legal, 81 King Street, Manchester, Greater Manchester, M2 4AH, England.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
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
33% Straight line
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Elevate Gm Limited Notes to the Accounts for the year ended 31 August 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 September 2022
3,907 
Additions
1,323 
At 31 August 2023
5,230 
Depreciation
At 1 September 2022
1,474 
Charge for the year
1,508 
At 31 August 2023
2,982 
Net book value
At 31 August 2023
2,248 
At 31 August 2022
2,433 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
13,398 
16,998 
Other debtors
(10,149)
17 
3,249 
17,015 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
10,859 
10,452 
Trade creditors
8,513 
815 
Taxes and social security
- 
10,414 
Other creditors
- 
20,000 
Loans from directors
419 
725 
19,791 
42,406 
7
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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