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REGISTERED NUMBER: 08861724 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

ELEGANT COMMUNICATION UK LTD

ELEGANT COMMUNICATION UK LTD (REGISTERED NUMBER: 08861724)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


ELEGANT COMMUNICATION UK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Mr A Constantinides





REGISTERED OFFICE: c/o Taxcorner UK Limited
869 High Road
London
N12 8QA





REGISTERED NUMBER: 08861724 (England and Wales)






ELEGANT COMMUNICATION UK LTD (REGISTERED NUMBER: 08861724)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 285 380
Investments 5 4,771 -
5,056 380

CURRENT ASSETS
Debtors 6 43,083 49,289
Cash at bank 3,168 5,113
46,251 54,402
CREDITORS
Amounts falling due within one year 7 61,111 52,594
NET CURRENT (LIABILITIES)/ASSETS (14,860 ) 1,808
TOTAL ASSETS LESS CURRENT
LIABILITIES

(9,804

)

2,188

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (10,804 ) 1,188
SHAREHOLDERS' FUNDS (9,804 ) 2,188

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the director and authorised for issue on 6 November 2024 and were signed by:





Mr A Constantinides - Director


ELEGANT COMMUNICATION UK LTD (REGISTERED NUMBER: 08861724)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Elegant Communication UK Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements have been prepared on a going concern basis as the directors are satisfied that the company will have adequate resources to meet its liabilities to third parties as they fall due.

TURNOVER
Turnover represents fee income receivable during the year excluding value added tax.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are initially recognised at cost and measured at their subsequent market value.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

ELEGANT COMMUNICATION UK LTD (REGISTERED NUMBER: 08861724)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 996 1,158 2,154
DEPRECIATION
At 1 February 2023 794 980 1,774
Charge for year 50 45 95
At 31 January 2024 844 1,025 1,869
NET BOOK VALUE
At 31 January 2024 152 133 285
At 31 January 2023 202 178 380

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
Additions 8,524
Revaluations (3,753 )
At 31 January 2024 4,771
NET BOOK VALUE
At 31 January 2024 4,771

Cost or valuation at 31 January 2024 is represented by:

Shares in
group
undertakings
£   
Valuation in 2024 (3,753 )
Cost 8,524
4,771

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 43,083 49,289

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 84 13
Trade creditors 47,837 42,457
Taxation and social security 6,690 6,124
Other creditors 6,500 4,000
61,111 52,594

ELEGANT COMMUNICATION UK LTD (REGISTERED NUMBER: 08861724)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

8. RELATED PARTY DISCLOSURES

Included in debtors, amounts falling due within one year, is an amount of £42,136 (2023: £49,019) due from the shareholder of the company. Interest at official rate amounting to £1,125 (2023: £1,332) has been charged during the year.

9. ULTIMATE CONTROLLING PARTY

During the period under review, the company was under the control of Mr I Vogiatzakis by virtue of his 100 % shareholding in the issued share capital of the company.