Company Registration No. 14542500 (England and Wales)
Elo Ai Ltd
Unaudited accounts
for the period from 15 December 2022 to 31 December 2023
Elo Ai Ltd
Company Information
for the period from 15 December 2022 to 31 December 2023
Directors
Falconer, Matthew Mark
Ranstead, Alfie Kenny
Mellis, Enrico
Klein, Beata
Company Number
14542500 (England and Wales)
Registered Office
86-90 Paul Street
London
England
EC2A 4NE
United Kingdom
Accountants
Accounts and Legal Consultants Ltd
Suite 1-3
The Hop Exchange
24 Southwark Street
London
SE1 1TY
Elo Ai Ltd
Accountants' report
Accountants' report to the board of directors of Elo Ai Ltd on the preparation of the unaudited statutory accounts for the period from 15 December 2022 to 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Elo Ai Ltd for the period from
15 December 2022 to
31 December 2023 as set out on pages
5 -
6 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Elo Ai Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Elo Ai Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Elo Ai Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Elo Ai Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Elo Ai Ltd. You consider that Elo Ai Ltd is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Elo Ai Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Accounts and Legal Consultants Ltd
Suite 1-3
The Hop Exchange
24 Southwark Street
London
SE1 1TY
20 September 2024
Elo Ai Ltd
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
50
Creditors: amounts falling due within one year
(171)
Net current liabilities
(110)
Profit and loss account
(111)
For the period ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by
Falconer, Matthew Mark
Director
Company Registration No. 14542500
Elo Ai Ltd
Notes to the Accounts
for the period from 15 December 2022 to 31 December 2023
Elo Ai Ltd is a private company, limited by shares, registered in England and Wales, registration number 14542500. The registered office is 86-90 Paul Street, London, England, EC2A 4NE, United Kingdom.
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.
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.
Short term debtors are measured at transaction price, less any impairment. Loans receivables 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.
Short term trade 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.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates.
Amounts falling due within one year
5
Creditors: amounts falling due within one year
2023
6
Average number of employees
During the period the average number of employees was 2.