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Company Registration No. 14587319 (England and Wales)
Elephant Crew Limited Unaudited accounts for the period from 12 January 2023 to 31 January 2024
Elephant Crew Limited Unaudited accounts Contents
Page
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Elephant Crew Limited Company Information for the period from 12 January 2023 to 31 January 2024
Director
Uthpala Sanjeewani Juwan Hettiarachchi
Company Number
14587319 (England and Wales)
Registered Office
27 York Apartments Martinet Road Thornaby Stockton-on-Tees Cleveland TS17 0AS England
Accountants
PTP Associates 85 Rushton Avenue Watford Hertfordshire WD25 0AP
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Elephant Crew Limited Statement of financial position as at 31 January 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
400 
Current assets
Debtors
25,498 
Cash at bank and in hand
6,585 
32,083 
Creditors: amounts falling due within one year
(13,093)
Net current assets
18,990 
Total assets less current liabilities
19,390 
Provisions for liabilities
Deferred tax
(100)
Net assets
19,290 
Capital and reserves
Called up share capital
1 
Profit and loss account
19,289 
Shareholders' funds
19,290 
For the period ending 31 January 2024 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 director acknowledges her 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 and authorised for issue on 10 April 2024 and were signed on its behalf by
Uthpala Sanjeewani Juwan Hettiarachchi Director Company Registration No. 14587319
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Elephant Crew Limited Notes to the Accounts for the period from 12 January 2023 to 31 January 2024
1
Statutory information
Elephant Crew Limited is a private company, limited by shares, registered in England and Wales, registration number 14587319. The registered office is 27 York Apartments, Martinet Road, Thornaby, Stockton-on-Tees, Cleveland, TS17 0AS, 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 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.
Going concern
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
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. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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
5 years
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.
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Elephant Crew Limited Notes to the Accounts for the period from 12 January 2023 to 31 January 2024
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 12 January 2023
- 
Additions
500 
At 31 January 2024
500 
Depreciation
Charge for the period
100 
At 31 January 2024
100 
Net book value
At 31 January 2024
400 
5
Debtors
2024 
£ 
Amounts falling due within one year
Accrued income and prepayments
25,498 
6
Creditors: amounts falling due within one year
2024 
£ 
Taxes and social security
4,539 
Loans from directors
8,154 
Accruals
400 
13,093 
7
Share capital
2024 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
8
Average number of employees
During the period the average number of employees was 2.
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