Elite Journey UK Ltd 11613495 false 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is education support services. Digita Accounts Production Advanced 6.30.9574.0 true true 11613495 2023-11-01 2024-10-31 11613495 2024-10-31 11613495 core:CurrentFinancialInstruments 2024-10-31 11613495 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 11613495 core:Non-currentFinancialInstruments core:AfterOneYear 2024-10-31 11613495 bus:SmallEntities 2023-11-01 2024-10-31 11613495 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 11613495 bus:AbridgedAccounts 2023-11-01 2024-10-31 11613495 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 11613495 bus:RegisteredOffice 2023-11-01 2024-10-31 11613495 bus:Director1 2023-11-01 2024-10-31 11613495 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 11613495 countries:EnglandWales 2023-11-01 2024-10-31 11613495 2022-11-01 2023-10-31 11613495 2023-10-31 11613495 core:CurrentFinancialInstruments 2023-10-31 11613495 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 11613495 core:Non-currentFinancialInstruments core:AfterOneYear 2023-10-31 iso4217:GBP xbrli:pure

Registration number: 11613495

Elite Journey UK Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 October 2024

 

Elite Journey UK Ltd

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

Elite Journey UK Ltd

Company Information

Director

Mr N H J Cunningham

Registered office

1st Floor
44 Worship Street
London
EC2A 2EA

Accountants

Tan Lam Partnership
Chartered Certified Accountants
1st Floor, 44 Worship Street
London
EC2A 2EA

 

Elite Journey UK Ltd

(Registration number: 11613495)
Abridged Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

1,422

-

Current assets

 

Debtors

42,115

29,851

Cash at bank and in hand

 

6,628

32,737

 

48,743

62,588

Creditors: Amounts falling due within one year

(149,339)

(119,534)

Net current liabilities

 

(100,596)

(56,946)

Total assets less current liabilities

 

(99,174)

(56,946)

Creditors: Amounts falling due after more than one year

(7,500)

(17,500)

Accruals and deferred income

 

(2,300)

(2,300)

Net liabilities

 

(108,974)

(76,746)

Capital and reserves

 

Called up share capital

10

10

Retained earnings

(108,984)

(76,756)

Shareholders' deficit

 

(108,974)

(76,746)

For the financial year ending 31 October 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.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 19 May 2025
 

 

Elite Journey UK Ltd

(Registration number: 11613495)
Abridged Balance Sheet as at 31 October 2024

.........................................
Mr N H J Cunningham
Director

 

Elite Journey UK Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2024

1

General 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
44 Worship Street
London
EC2A 2EA

The principal place of business is:
Wework
50-60 Station Road
Cambridge
CB1 2JH
United Kingdom

These financial statements were authorised for issue by the director on 19 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Elite Journey UK Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2024

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met, and the grants will be received.

A grant that specifies the performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

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.

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 assets

Tangible assets are stated in the balance sheet 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

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:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Elite Journey UK Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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 3 (2023 - 3).