Company Registration No. 07819484 (England and Wales)
Elequra Limited
Unaudited accounts
for the year ended 31 December 2024
Elequra Limited
Unaudited accounts
Contents
Elequra Limited
Company Information
for the year ended 31 December 2024
Company Number
07819484 (England and Wales)
Registered Office
Suite 316
28 Old Brompton Road
London
SW7 3SS
Elequra Limited
Statement of financial position
as at 31 December 2024
Cash at bank and in hand
208
6,311
Creditors: amounts falling due within one year
(39,257)
(84,162)
Net current assets
14,497
20,307
Total assets less current liabilities
14,497
20,307
Creditors: amounts falling due after more than one year
(340,006)
(340,006)
Net liabilities
(325,509)
(319,699)
Called up share capital
1
1
Profit and loss account
(325,510)
(319,700)
Shareholders' funds
(325,509)
(319,699)
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 September 2025 and were signed on its behalf by
N Qureshi
Director
Company Registration No. 07819484
Elequra Limited
Notes to the Accounts
for the year ended 31 December 2024
Elequra Limited is a private company, limited by shares, registered in England and Wales, registration number 07819484. The registered office is Suite 316, 28 Old Brompton Road, London, SW7 3SS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of introduction services is recognised when the service takes place.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
4 years on cost
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The accounts have been prepared on a going concern basis on the understanding that the director and the family trust will continue to support the business for the foreseeable future.
Elequra Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery
Finished goods
17,482
34,393
Stock at cost of £16,465 has been written-off in the year due to obsolescence.
Amounts falling due within one year
Accrued income and prepayments
35,765
63,765
7
Creditors: amounts falling due within one year
2024
2023
Other creditors
37,805
80,205
Included in other creditors is a directors loan of £37,805 (2023: £80,205) for which no repayment or interest terms have been set.
8
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
340,006
340,006
9
Transactions with related parties
No interest is being charged on the loans from the director or family trust.
Elequra Limited
Notes to the Accounts
for the year ended 31 December 2024
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).