Company registration number 05172405 (England and Wales)
ELABORATE COMMUNICATIONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
PAGES FOR FILING WITH REGISTRAR
ELABORATE COMMUNICATIONS LIMITED
COMPANY INFORMATION
Director
Mr S M A Moloney
Company number
05172405
Registered office
Unit 9C
Wingbury Courtyard
Business Village
Wingrave
Buckinghamshire
England
HP22 4LW
Accountants
Crouchers Limited
1 Copperhouse Court
Caldecotte Lake Business Park
Milton Keynes
Buckinghamshire
England
MK7 8NL
ELABORATE COMMUNICATIONS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 7
ELABORATE COMMUNICATIONS LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2025
31 August 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
11,338
6,799
Current assets
Debtors
5
340,734
208,371
Cash at bank and in hand
136,750
305,223
477,484
513,594
Creditors: amounts falling due within one year
6
(181,613)
(225,396)
Net current assets
295,871
288,198
Total assets less current liabilities
307,209
294,997
Provisions for liabilities
(2,154)
(1,291)
Net assets
305,055
293,706
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
305,053
293,704
Total equity
305,055
293,706

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 16 April 2026
Mr S M A Moloney
Director
Company Registration No. 05172405
ELABORATE COMMUNICATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
- 2 -
1
Accounting policies
Company information

Elaborate Communications Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 9C, Wingbury Courtyard, Business Village, Wingrave, Buckinghamshire, England, HP22 4LW.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% Straight line
Computers
33.33% Straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

ELABORATE COMMUNICATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 3 -

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

ELABORATE COMMUNICATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 4 -
1.8
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

ELABORATE COMMUNICATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 5 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
13
13
4
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 September 2024
6,695
58,422
65,117
Additions
441
9,041
9,482
Disposals
(121)
(48,185)
(48,306)
At 31 August 2025
7,015
19,278
26,293
Depreciation and impairment
At 1 September 2024
5,581
52,737
58,318
Depreciation charged in the year
382
4,561
4,943
Eliminated in respect of disposals
(121)
(48,185)
(48,306)
At 31 August 2025
5,842
9,113
14,955
Carrying amount
At 31 August 2025
1,173
10,165
11,338
At 31 August 2024
1,114
5,685
6,799
ELABORATE COMMUNICATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 6 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
85,366
78,365
Corporation tax recoverable
574
-
0
Other debtors
254,794
130,006
340,734
208,371
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
76,922
76,432
Trade creditors
62,871
92,384
Corporation tax
5,186
6,204
Other taxation and social security
21,176
18,543
Other creditors
15,458
31,833
181,613
225,396

A debenture in favour of HSBC PLC created 31 January 2006. Amount secured is all monies due to or to become due to HSBC PLC by way of fixed and floating charges over the undertaking and all the property and assets present and future including book debts, uncalled capital, fixed plant and machinery

7
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
2,154
1,291
2025
Movements in the year:
£
Liability at 1 September 2024
1,291
Charge to profit or loss
863
Liability at 31 August 2025
2,154

The deferred tax liability set out above is expected to reverse within 12 months and relates to accelerated capital allowances that are expected to mature within the same period.

ELABORATE COMMUNICATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 7 -
8
Operating lease commitments
Lessee

Operating lease payments represent:

i) Rentals payable for the office premises the business operates from. Leases are negotiated for an average term of 3 years and the rentals are fixed for 3 years with an option to extend for a further 3 years at the prevailing market rate;

ii) Rentals payable for the contract hire of a motor vehicle at a fixed rate for 4 years;

iii) Rentals payable for photocopier and franking machine at a fixed rate for a period of 5 and 6 years.

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
41,710
77,638
9
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Services provided
2025
2024
£
£
Shipping Innovation Ltd
120,000
120,000

During the year management charges of £120,000 (2024:£120,000) were charged to Shipping Innovation Ltd, a company which Mr S Moloney, company director, has a non controlling interest in.

2025-08-31 2024-09-01 false false false 16 April 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr S M A Moloney 05172405 2024-09-01 2025-08-31 05172405 bus:Director1 2024-09-01 2025-08-31 05172405 bus:RegisteredOffice 2024-09-01 2025-08-31 05172405 2025-08-31 05172405 2024-08-31 05172405 core:FurnitureFittings 2025-08-31 05172405 core:ComputerEquipment 2025-08-31 05172405 core:FurnitureFittings 2024-08-31 05172405 core:ComputerEquipment 2024-08-31 05172405 core:CurrentFinancialInstruments core:WithinOneYear 2025-08-31 05172405 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 05172405 core:CurrentFinancialInstruments 2025-08-31 05172405 core:CurrentFinancialInstruments 2024-08-31 05172405 core:ShareCapital 2025-08-31 05172405 core:ShareCapital 2024-08-31 05172405 core:RetainedEarningsAccumulatedLosses 2025-08-31 05172405 core:RetainedEarningsAccumulatedLosses 2024-08-31 05172405 core:FurnitureFittings 2024-09-01 2025-08-31 05172405 core:ComputerEquipment 2024-09-01 2025-08-31 05172405 2023-09-01 2024-08-31 05172405 core:FurnitureFittings 2024-08-31 05172405 core:ComputerEquipment 2024-08-31 05172405 2024-08-31 05172405 bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 05172405 bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 05172405 bus:FRS102 2024-09-01 2025-08-31 05172405 bus:AuditExemptWithAccountantsReport 2024-09-01 2025-08-31 05172405 bus:FullAccounts 2024-09-01 2025-08-31 xbrli:pure xbrli:shares iso4217:GBP