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REGISTERED NUMBER: 11951367 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Elan & Co 2020 Ltd

Elan & Co 2020 Ltd (Registered number: 11951367)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Elan & Co 2020 Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Shakar Elahi FCCA
Ms B T Elahi





REGISTERED OFFICE: Unit 3 Cedar Court
1 Royal Oak Yard
London
SE1 3GA





REGISTERED NUMBER: 11951367 (England and Wales)





ACCOUNTANTS: ElanTax.com
Unit 3 Cedar Court
1 Royal Oak Yard
London
SE1 3GA

Elan & Co 2020 Ltd (Registered number: 11951367)

Balance Sheet
30 June 2024

30/6/24 30/6/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 995,473 1,060,751
Tangible assets 5 17,711 22,395
1,013,184 1,083,146

CURRENT ASSETS
Debtors 6 647,501 604,553
Cash at bank 10,836 132,524
658,337 737,077
CREDITORS
Amounts falling due within one year 7 1,361,700 1,525,741
NET CURRENT LIABILITIES (703,363 ) (788,664 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

309,821

294,482

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 309,721 294,382
309,821 294,482

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 24 March 2025 and were signed on its behalf by:



Shakar Elahi FCCA - Director


Elan & Co 2020 Ltd (Registered number: 11951367)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Elan & Co 2020 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 5 (2023 - 4 ) .

Elan & Co 2020 Ltd (Registered number: 11951367)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 1,319,614
AMORTISATION
At 1 July 2023 258,863
Charge for year 65,278
At 30 June 2024 324,141
NET BOOK VALUE
At 30 June 2024 995,473
At 30 June 2023 1,060,751

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 25,872
Additions 999
At 30 June 2024 26,871
DEPRECIATION
At 1 July 2023 3,477
Charge for year 5,683
At 30 June 2024 9,160
NET BOOK VALUE
At 30 June 2024 17,711
At 30 June 2023 22,395

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Trade debtors 195,238 218,349
Amounts owed by group undertakings 174,318 87,361
Other debtors 277,945 298,843
647,501 604,553

Elan & Co 2020 Ltd (Registered number: 11951367)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Trade creditors 71,795 43,983
Amounts owed to group undertakings 342,804 422,222
Taxation and social security 20,209 32,217
Other creditors 926,892 1,027,319
1,361,700 1,525,741