Registration number:
Elliptic Consulting Ltd
for the Year Ended 30 April 2024
Pages for filing with Registrar
Elliptic Consulting Ltd
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Elliptic Consulting Ltd
Company Information
Director |
D Taylor |
Company secretary |
JH Taylor |
Registered office |
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Registered number |
05429259 |
Accountant |
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Elliptic Consulting Ltd
(Registration number: 05429259)
Balance Sheet as at 30 April 2024
Note |
2024 |
2023 |
|
Fixed assets |
|||
Tangible assets |
375 |
- |
|
Current assets |
|||
Debtors |
2,560 |
1,180 |
|
Cash at bank and in hand |
3,054 |
625 |
|
5,614 |
1,805 |
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Creditors: Amounts falling due within one year |
(1,916) |
(1,082) |
|
Net current assets |
3,698 |
723 |
|
Net assets |
4,073 |
723 |
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Capital and reserves |
|||
Called up share capital |
100 |
100 |
|
Profit and loss account |
3,973 |
623 |
|
Total equity |
4,073 |
723 |
Elliptic Consulting Ltd
(Registration number: 05429259)
Balance Sheet as at 30 April 2024
For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
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• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised for issue by the
.........................................
Director
Elliptic Consulting Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024
Statutory information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
United Kingdom
Accounting policies |
Summary of significant accounting policies
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention.
The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Going concern
The accounts have been prepared on a going concern basis which assumes that the company has sufficient funds to continue to trade for the foreseeable future. The director has indicated his willingness to continue to support the company and accordingly the accounts have been prepared on the basis that the company is a going concern.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Elliptic Consulting Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024
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 and generates taxable income.
Tangible fixed assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Computer Equipment |
3-year straight line basis |
Cash and cash equivalents
Cash comprises cash at bank.
Trade debtors
Trade debtors are recognised initially at the transaction price. They are subsequently measured at cost less provision for impairment.
Trade creditors
Trade creditors are recognised at the transaction price.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Elliptic Consulting Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024
Tangible fixed assets |
Furniture, fittings and equipment |
Total |
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Cost |
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Additions |
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At 30 April 2024 |
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Depreciation |
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Charge for the year |
|
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At 30 April 2024 |
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Carrying amount |
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At 30 April 2024 |
|
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At 30 April 2023 |
- |
- |
Debtors: amounts falling due within one year |
2024 |
2023 |
|
Trade debtors |
960 |
- |
Prepayments and accrued income |
1,500 |
1,080 |
Other debtors |
100 |
100 |
2,560 |
1,180 |
Creditors |
2024 |
2023 |
|
Amounts falling due within one year |
||
Accruals |
800 |
858 |
Corporation tax |
986 |
146 |
Directors' loan accounts |
130 |
78 |
1,916 |
1,082 |
Elliptic Consulting Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024
Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
|||
No. |
£ |
No. |
£ |
|
|
|
100 |
|
100 |
Related party transactions |
During the year the company raised invoices for services provided of £6,300 (2023: £1,800) to Intellium AI Ltd, a company in which Mr D Taylor is a director. At the year end £360 (2023: £nil) was owed to the company.