Elegant AV Ltd


FINANCIAL STATEMENTS


for the year ended 31st January 2024



Elegant AV Ltd

CONTENTS

for the year ended 31st January 2024







The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts



Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.

Elegant AV Ltd

Company No. 12389588

STATEMENT OF FINANCIAL POSITION

as at 31st January 2024

20242023
Note£££
FIXED ASSETS
Property, plant and equipment4297085910
297085910
CURRENT ASSETS
Debtors5101152001
Cash at bank and in hand5001451917
6012953918
CURRENT LIABILITIES
Creditors: amounts falling due
within one year63171736178
NET CURRENT ASSETS2841217740
TOTAL ASSETS LESS CURRENT LIABILITIES5812023650
 
Creditors: amounts falling due
after more than one year--
 
NET ASSETS5812023650
 
CAPITAL AND RESERVES
Called up share capital21
Retained earnings5811823649
SHAREHOLDERS FUNDS5812023650

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 31st January 2024 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and the members have not required the company to obtain an audit in accordance with section 476 of the Act.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the Board on 28 October 2024


B M A Pearce

Director

Company Number 12389588 (England)

Elegant AV Ltd

NOTES TO THE ACCOUNTS

for the year ended 31st January 2024


1   Statutory information

Elegant AV Ltd is a private company limited by shares and registered under company number 12389588 in England. Its registered office address is International House, 142, Cromwell Road, London. SW7 4EF.

These financial statements are presented in Sterling, which is the functional currency of the company.

2   Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Income Recognition

Revenue is measured at the fair value of the consideration received or receivable. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is possible that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Depreciation

Depreciation is provided on all property, plant and equipment, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Plant, machinery and vehicles20-25% reducing balance

Leasing

Assets, obtained under hire purchase contracts and finance leases, are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

Pensions

The Company operates a defined contribution pension scheme. Contributions are charged to the Income Statement as they become payable in accordance with the rules of the scheme.

3   Employee information

The average number of employees during the accounting period was 2 (2023 - 2).

4   Property, plant and equipment
 
PlantFixtures
Motorandand
VehiclesMachineryFittingsTotal
££££
Cost
At 1st February 2023 -4500713311633
Additions24980--24980
At 31st January 2024249804500713336613
 
Depreciation
At 1st February 2023 -219635275723
Charge for year-4617211182
At 31st January 2024-265742486905
 
Net Book Value
At 31st January 2024249801843288529708
At 31st January 2023-230436065910

5   Debtors20242023
££
 
Trade Debtors94151301
Other debtors700700
101152001

6   Creditors: amounts falling due within one year20242023
££
 
Trade Creditors-5255
Corporation tax25026175
Taxes and social security costs3520871
Other creditors2569523877
3171736178

7   Transactions with Directors

There were no transactions with Directors except as reflected in the Director's loan account for each Director. The closing balances of each account are as detailed below. Credit balances are shown without brackets. These balances are included in the figure for "Creditors and Accruals" in the accounts. Overdrawn balances are included in the figure for "Other Debtors".

20242023
££
 
M J Verschoyle1420512467
1420512467

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