Elevana Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 03705292

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		13,829		17,912

			13,829		17,912
CURRENT ASSETS
Debtors	5	94,091		161,795
Cash at bank and in hand		227,472		205,879

		321,563		367,674
Creditors: Amounts Falling Due Within One Year	6	(70,512 )		(98,442 )

NET CURRENT ASSETS (LIABILITIES)			251,051		269,232

TOTAL ASSETS LESS CURRENT LIABILITIES			264,880		287,144

Creditors: Amounts Falling Due After More Than One Year	7		(7,220 )		(16,706 )

NET ASSETS			257,660		270,438

CAPITAL AND RESERVES
Called up share capital	8		121,756		121,756
Profit and Loss Account			135,904		148,682

SHAREHOLDERS' FUNDS			257,660		270,438

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Elevana Ltd

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Malcolm Pitcher

Director

04/12/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Elevana Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03705292 . The registered office is Bowman House, Whitehill Lane, Royal Wootton Bassett, Wilts, SN4 7DB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

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.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

25% reducing balance

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

2.5. Pensions

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.

2.6. 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.

2.7. 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.

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Elevana Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.8. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 13 (2024: 16)

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 April 2024	48,041
Additions	526

As at 31 March 2025	48,567

Depreciation
As at 1 April 2024	30,129
Provided during the period	4,609

As at 31 March 2025	34,738

Net Book Value
As at 31 March 2025	13,829

As at 1 April 2024	17,912

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	93,948	157,238
Prepayments and accrued income	143	4,557

	94,091	161,795

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	1,274	1,677
Bank loans and overdrafts	9,447	10,000
Other taxes and social security	8,956	13,123
VAT	47,133	55,246
Other creditors	2,127	2,477
Accruals and deferred income	1,575	15,919

	70,512	98,442

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Elevana Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	7,220	16,706

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	121,756	121,756

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