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
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
Elephant Crew Limited
Statement of financial position
as at 31 January 2024
Cash at bank and in hand
6,585
Creditors: amounts falling due within one year
(13,093)
Total assets less current liabilities
19,390
Provisions for liabilities
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
Elephant Crew Limited
Notes to the Accounts
for the period from 12 January 2023 to 31 January 2024
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.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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 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
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.
Elephant Crew Limited
Notes to the Accounts
for the period from 12 January 2023 to 31 January 2024
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.
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Tangible fixed assets
Computer equipment
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
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
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Average number of employees
During the period the average number of employees was 2.