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Company Registration No. 11324871 (England and Wales)
Elevate Accounting Solutions Limited Unaudited accounts for the year ended 30 April 2023
Elevate Accounting Solutions Limited Unaudited accounts Contents
Page
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Elevate Accounting Solutions Limited Company Information for the year ended 30 April 2023
Director
James Middleton
Company Number
11324871 (England and Wales)
Registered Office
14 John Bradshaw Court Alexandria Way Congleton CW12 1LB
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Elevate Accounting Solutions Limited Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,543 
3,143 
Current assets
Debtors
9,748 
6,599 
Cash at bank and in hand
9,199 
20,459 
18,947 
27,058 
Creditors: amounts falling due within one year
(17,824)
(25,352)
Net current assets
1,123 
1,706 
Total assets less current liabilities
5,666 
4,849 
Provisions for liabilities
Deferred tax
(863)
(597)
Net assets
4,803 
4,252 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
4,603 
4,052 
Shareholders' funds
4,803 
4,252 
For the year ending 30 April 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 director acknowledges his 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 the year in accordance with Section 444(2A).
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 5 May 2023 and were signed on its behalf by
James Middleton Director Company Registration No. 11324871
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Elevate Accounting Solutions Limited Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
Elevate Accounting Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 11324871. The registered office is 14 John Bradshaw Court, Alexandria Way, Congleton, CW12 1LB.
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.
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:
Fixtures & fittings
4 years - straight line on cost
Computer equipment
3 years - straight line on cost
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.
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 Accounting Solutions Limited Notes to the Accounts for the year ended 30 April 2023
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 May 2022
9,777 
Additions
3,601 
Disposals
(700)
At 30 April 2023
12,678 
Depreciation
At 1 May 2022
6,634 
Charge for the year
2,201 
On disposals
(700)
At 30 April 2023
8,135 
Net book value
At 30 April 2023
4,543 
At 30 April 2022
3,143 
5
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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