Caseware UK (AP4) 2023.0.135 2023.0.135 2023-02-282023-02-2812022-03-01falseWholesale of radio, television goods & electrical household appliances (other than records, tapes, CD's & video tapes and the equipment used for playing them)1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06760093 2022-03-01 2023-02-28 06760093 2021-03-01 2022-02-28 06760093 2023-02-28 06760093 2022-02-28 06760093 c:Director1 2022-03-01 2023-02-28 06760093 d:MotorVehicles 2022-03-01 2023-02-28 06760093 d:MotorVehicles 2023-02-28 06760093 d:MotorVehicles 2022-02-28 06760093 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 06760093 d:FurnitureFittings 2022-03-01 2023-02-28 06760093 d:FurnitureFittings 2023-02-28 06760093 d:FurnitureFittings 2022-02-28 06760093 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 06760093 d:OfficeEquipment 2022-03-01 2023-02-28 06760093 d:OfficeEquipment 2023-02-28 06760093 d:OfficeEquipment 2022-02-28 06760093 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 06760093 d:OtherPropertyPlantEquipment 2022-03-01 2023-02-28 06760093 d:OtherPropertyPlantEquipment 2023-02-28 06760093 d:OtherPropertyPlantEquipment 2022-02-28 06760093 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 06760093 d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 06760093 d:CurrentFinancialInstruments 2023-02-28 06760093 d:CurrentFinancialInstruments 2022-02-28 06760093 d:Non-currentFinancialInstruments 2023-02-28 06760093 d:Non-currentFinancialInstruments 2022-02-28 06760093 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 06760093 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 06760093 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 06760093 d:Non-currentFinancialInstruments d:AfterOneYear 2022-02-28 06760093 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-02-28 06760093 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-02-28 06760093 d:ShareCapital 2023-02-28 06760093 d:ShareCapital 2022-02-28 06760093 d:RetainedEarningsAccumulatedLosses 2023-02-28 06760093 d:RetainedEarningsAccumulatedLosses 2022-02-28 06760093 c:OrdinaryShareClass1 2022-03-01 2023-02-28 06760093 c:OrdinaryShareClass1 2023-02-28 06760093 c:OrdinaryShareClass1 2022-02-28 06760093 c:FRS102 2022-03-01 2023-02-28 06760093 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 06760093 c:FullAccounts 2022-03-01 2023-02-28 06760093 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 06760093 6 2022-03-01 2023-02-28 06760093 e:PoundSterling 2022-03-01 2023-02-28 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06760093









ELPORT DESIGN LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
ELPORT DESIGN LIMITED
REGISTERED NUMBER: 06760093

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
6,782
9,664

  
6,782
9,664

Current assets
  

Debtors: amounts falling due within one year
 5 
146,304
118,292

Cash at bank and in hand
 6 
50,877
42,686

  
197,181
160,978

Creditors: amounts falling due within one year
 7 
(86,856)
(56,689)

Net current assets
  
 
 
110,325
 
 
104,289

Total assets less current liabilities
  
117,107
113,953

Creditors: amounts falling due after more than one year
 8 
(47,436)
(49,785)

  

Net assets
  
69,671
64,168


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
69,571
64,068

  
69,671
64,168


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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.
Page 1

 
ELPORT DESIGN LIMITED
REGISTERED NUMBER: 06760093
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023


The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf 
on
 12 April 2024.




Lee M P Edwards
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
ELPORT DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Elport Design Limited is a private company incorporated by shares and registered in England and Wales.The address of the registered office is 40 Bowling Green Lane, London, EC1R 0NE.
The principle activity of the company during the year was that of the sale and installation of audio visual equipment. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
ELPORT DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
ELPORT DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line and reducing balance methods.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Reducing balance
Fixtures & fittings
-
33%
Straight line
Office equipment
-
33%
Straight line
Other fixed assets
-
10%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

 
2.9

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
ELPORT DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Financial instruments

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 6

 
ELPORT DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

4.


Tangible fixed assets





Motor vehicles
Fixtures & fittings
Office equipment
Other fixed assets
Total

£
£
£
£
£



Cost 


At 1 March 2022
2,250
1,210
7,700
9,213
20,373



At 28 February 2023

2,250
1,210
7,700
9,213
20,373



Depreciation


At 1 March 2022
1,538
1,210
4,779
3,182
10,709


Charge for the year on owned assets
178
-
1,783
921
2,882



At 28 February 2023

1,716
1,210
6,562
4,103
13,591



Net book value



At 28 February 2023
534
-
1,138
5,110
6,782



At 28 February 2022
712
-
2,921
6,031
9,664

Page 7

 
ELPORT DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

5.


Debtors

2023
2022
£
£


Other debtors
146,304
118,292

146,304
118,292



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
50,877
42,686

50,877
42,686



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
8,384
2,800

Corporation tax
52,492
28,949

Other taxation and social security
22,030
17,040

Accruals
3,950
7,900

86,856
56,689



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
47,436
49,785

47,436
49,785


Page 8

 
ELPORT DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

9.


Loans


2023
2022
£
£

Amounts falling due 2-5 years

Bank loans
47,436
49,785

47,436
49,785



10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



11.


Transactions with directors

At the year end the director owed the company, an amount of £136,154 (2022 - £108,142). This was repaid post year end. 


12.


Related party transactions

The director had an interest in dividends of £60,000 (2022: £14,894).

 
Page 9