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Registration number: 05429259

Elliptic Consulting Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

Pages for filing with Registrar

 

Elliptic Consulting Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Elliptic Consulting Ltd

Company Information

Director

D Taylor

Company secretary

JH Taylor

Registered office

1st Floor
25 King Street
Bristol
BS1 4PB

Registered number

05429259

Accountant

Corrigan Accountants Limited 1st Floor
25 King Street
Bristol
BS1 4PB

 

Elliptic Consulting Ltd

(Registration number: 05429259)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

375

-

Current assets

 

Debtors

5

2,560

1,180

Cash at bank and in hand

 

3,054

625

 

5,614

1,805

Creditors: Amounts falling due within one year

6

(1,916)

(1,082)

Net current assets

 

3,698

723

Net assets

 

4,073

723

Capital and reserves

 

Called up share capital

7

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:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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 on 29 January 2025
 

.........................................

D Taylor
Director

 

Elliptic Consulting Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

Statutory information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1st Floor
25 King Street
Bristol
BS1 4PB
United Kingdom

2

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Elliptic Consulting Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Tangible fixed assets

Furniture, fittings and equipment
 £

Total
£

Cost

Additions

560

560

At 30 April 2024

560

560

Depreciation

Charge for the year

185

185

At 30 April 2024

185

185

Carrying amount

At 30 April 2024

375

375

At 30 April 2023

-

-

5

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

6

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

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         

8

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.