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COMPANY REGISTRATION NUMBER: 14732524
Eloix Imaging Limited
Filleted Unaudited Financial Statements
31 March 2024
Eloix Imaging Limited
Statement of Financial Position
31 March 2024
31 Mar 24
Note
£
£
Fixed assets
Tangible assets
5
295
Current assets
Debtors
6
8,603
Cash at bank and in hand
97,253
---------
105,856
Creditors: amounts falling due within one year
7
24,914
---------
Net current assets
80,942
--------
Total assets less current liabilities
81,237
--------
Net assets
81,237
--------
Capital and reserves
Called up share capital
8
100
Profit and loss account
81,137
--------
Shareholders funds
81,237
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Eloix Imaging Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 14 March 2025 , and are signed on behalf of the board by:
Dr R Katz
Director
Company registration number: 14732524
Eloix Imaging Limited
Notes to the Financial Statements
Period from 15 March 2023 to 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office equipment
-
20% straight line
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Average number of employees
During the period the average number of employees was 2, which consisted of the directors only.
5. Tangible assets
Office Equipment
£
Cost
At 15 March 2023
Additions
328
----
At 31 March 2024
328
----
Depreciation
At 15 March 2023
Charge for the period
33
----
At 31 March 2024
33
----
Carrying amount
At 31 March 2024
295
----
6. Debtors
31 Mar 24
£
Prepayments and accrued income
8,603
-------
7. Creditors: amounts falling due within one year
31 Mar 24
£
Accruals and deferred income
1,200
Corporation tax
23,629
Director loan accounts
85
--------
24,914
--------
8. Called up share capital
Issued, called up and fully paid
31 Mar 24
No.
£
Ordinary A shares of £ 1 each
50
50
Ordinary B shares of £ 1 each
50
50
----
----
100
100
----
----
On incorporation 50 ordinary A shares were issued and paid for at a value of £1 per share and 50 ordinary B shares were issued and paid for at a value of £1 per share.
9. Related party transactions
At the balance sheet date the company owed the directors £85 in the form of a loan account. This loan, which is interest free, is interest free and repayable on demand.