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REGISTERED NUMBER: 05499432 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

ELOS INDUSTRIES LIMITED

ELOS INDUSTRIES LIMITED (REGISTERED NUMBER: 05499432)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Balance sheet 1

Notes to the financial statements 2


ELOS INDUSTRIES LIMITED (REGISTERED NUMBER: 05499432)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
Fixed assets
Tangible assets 4 1,165 440

Current assets
Debtors 5 2,091 885
Cash at bank 1,107 2,604
3,198 3,489
Creditors
Amounts falling due within one year 6 2,793 2,705
Net current assets 405 784
Total assets less current liabilities 1,570 1,224

Provisions for liabilities 7 221 72
Net assets 1,349 1,152

Capital and reserves
Called up share capital 8 1,000 1,000
Retained earnings 349 152
Shareholders' funds 1,349 1,152

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 April 2025 and were signed on its behalf by:





Mr A Parkinson - Director


ELOS INDUSTRIES LIMITED (REGISTERED NUMBER: 05499432)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. Statutory information

ELOS Industries Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 05499432. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and the business address is 58 Springdale Avenue, Broadstone, Dorset, BH18 9EX.

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 amounts receivable, in respect of the sale of digital consultancy services and is recognised when the services have been provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

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

ELOS INDUSTRIES LIMITED (REGISTERED NUMBER: 05499432)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. Tangible fixed assets
Computer
equipment
£   
Cost
At 1 October 2023 9,937
Additions 1,748
At 30 September 2024 11,685
Depreciation
At 1 October 2023 9,497
Charge for year 1,023
At 30 September 2024 10,520
Net book value
At 30 September 2024 1,165
At 30 September 2023 440

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Directors' current accounts 2,010 795
Prepayments and accrued income 81 90
2,091 885

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Tax 1,539 1,451
Accruals and deferred income 1,254 1,254
2,793 2,705

7. Provisions for liabilities
2024 2023
£    £   
Deferred tax 221 72

Deferred
tax
£   
Balance at 1 October 2023 72
Provided during year 149
Balance at 30 September 2024 221

ELOS INDUSTRIES LIMITED (REGISTERED NUMBER: 05499432)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


8. Called up share capital

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
850 Ordinary A shares £1 850 850
150 Ordinary B shares £1 150 150
1,000 1,000

9. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
Mr A Parkinson and Mrs R Parkinson
Balance outstanding at start of year 795 5,096
Amounts advanced 2,010 795
Amounts repaid (795 ) (5,096 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,010 795

At the balance sheet date the Directors, Mr and Mrs Parkinson, owed the company £2,010 (2023: £795). The amount outstanding at the balance sheet date was repaid in full within 9 months of the year end.

10. Ultimate controlling party

Mr & Mrs A Parkinson are deemed to have ultimate control of the company by virtue of their 100% aggregate shareholding in the voting share capital.