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REGISTERED NUMBER: 03086030 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

ELASTICS INTERNATIONAL LIMITED

ELASTICS INTERNATIONAL LIMITED (REGISTERED NUMBER: 03086030)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELASTICS INTERNATIONAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: Mr PW Lee



SECRETARY: Mrs I Lee



REGISTERED OFFICE: Granville Hall
Granville Road
Leicester
Leicestershire
LE1 7RU



REGISTERED NUMBER: 03086030 (England and Wales)



BANKERS: HSBC Bank plc
2-6 Gallowtree Gate
Leicester
Leicestershire
LE1 6DA

ELASTICS INTERNATIONAL LIMITED (REGISTERED NUMBER: 03086030)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 26
Investments 5 - 100
- 126

CURRENT ASSETS
Debtors 6 87 2,508
Cash at bank and in hand 25,665 26,181
25,752 28,689
CREDITORS
Amounts falling due within one year 7 2,383 4,026
NET CURRENT ASSETS 23,369 24,663
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,369

24,789

CAPITAL AND RESERVES
Called up share capital 8 5,000 5,000
Retained earnings 9 18,369 19,789
SHAREHOLDERS' FUNDS 23,369 24,789

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

ELASTICS INTERNATIONAL LIMITED (REGISTERED NUMBER: 03086030)

BALANCE SHEET - continued
31 AUGUST 2024


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 28 November 2024 and were signed by:





Mr PW Lee - Director


ELASTICS INTERNATIONAL LIMITED (REGISTERED NUMBER: 03086030)

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


1. STATUTORY INFORMATION

Elastics International Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax and commission received. Sales are recognised when invoiced, commission is recognised when received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 100% on cost

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Investments
Investments are included at cost or valuation less amounts written off. Profits or losses arising from disposals of fixed asset investments are treated as part of the result from ordinary activities.

3. EMPLOYEES AND DIRECTORS

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

ELASTICS INTERNATIONAL LIMITED (REGISTERED NUMBER: 03086030)

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


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2023 2,135 8,203 10,338
Disposals (2,135 ) (8,203 ) (10,338 )
At 31 August 2024 - - -
DEPRECIATION
At 1 September 2023 2,109 8,203 10,312
Eliminated on disposal (2,109 ) (8,203 ) (10,312 )
At 31 August 2024 - - -
NET BOOK VALUE
At 31 August 2024 - - -
At 31 August 2023 26 - 26

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 September 2023 100
Impairments (100 )
At 31 August 2024 -
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 100

The director is of the opinion that the investments, based on an open market valuation, are of a nil value at 31 August 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 87 2,508

ELASTICS INTERNATIONAL LIMITED (REGISTERED NUMBER: 03086030)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 2,383 4,026

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
5,000 Ordinary £1 5,000 5,000

9. RESERVES
Retained
earnings
£   

At 1 September 2023 19,789
Deficit for the year (1,420 )
At 31 August 2024 18,369