1 January 2023 v2024.39.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP093582272023-01-012023-12-31093582272023-12-31093582272022-12-3109358227core:WithinOneYear2023-12-3109358227core:WithinOneYear2022-12-3109358227core:ShareCapital2023-12-3109358227core:ShareCapital2022-12-3109358227core:RetainedEarningsAccumulatedLosses2023-12-3109358227core:RetainedEarningsAccumulatedLosses2022-12-3109358227bus:Director12023-01-012023-12-3109358227bus:RegisteredOffice2023-01-012023-12-3109358227core:OfficeEquipment2023-01-012023-12-31093582272022-01-012022-12-3109358227core:PlantMachinery2023-12-3109358227core:PlantMachinery2022-12-310935822712023-01-012023-12-3109358227countries:EnglandWales2023-01-012023-12-3109358227bus:AuditExemptWithAccountantsReport2023-01-012023-12-3109358227bus:PrivateLimitedCompanyLtd2023-01-012023-12-3109358227bus:SmallEntities2023-01-012023-12-3109358227bus:FullAccounts2023-01-012023-12-31
Company registration number:
09358227
E.L.F Zhou London Limited
Unaudited Filleted Financial Statements for the year ended
31 December 2023
E.L.F Zhou London Limited
Statement of Financial Position
31 December 2023
20232022
Note££
Fixed assets    
Tangible assets 5
1
 
1
 
Current assets    
Stocks -  
12,000
 
Debtors 6
1,485
 
1,485
 
Cash at bank and in hand
85,041
 
57,182
 
86,526
 
70,667
 
Creditors: amounts falling due within one year 7
2,444
 
2,055
 
Net current assets
88,970
 
72,722
 
Total assets less current liabilities 88,971   72,723  
Capital and reserves    
Called up share capital
90,000
 
90,000
 
Profit and loss account
(1,029
)
(17,277
)
Shareholders funds
88,971
 
72,723
 
For the year ending
31 December 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
financial statements
have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
23 August 2024
, and are signed on behalf of the board by:
Y Zhou
Director
Company registration number:
09358227
E.L.F Zhou London Limited
Notes to the Financial Statements
Year ended
31 December 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
204 Cocoa Studio The Biscuit Factory
,
Drummond Road
,
London
,
Se16 4dg
,
SE16 4DG
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
20% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2022:
3.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 January 2023
and
31 December 2023
1,957
 
Depreciation  
At
1 January 2023
and
31 December 2023
1,956
 
Carrying amount  
At
31 December 2023
1
 
At 31 December 2022
1
 

6 Debtors

20232022
££
Trade debtors
494
 
494
 
Other debtors
991
 
991
 
1,485
 
1,485
 

7 Creditors: amounts falling due within one year

20232022
££
Taxation and social security
(771
)
(2,856
)
Other creditors
(1,673
)
801
 
(2,444
)
(2,055
)