ELF HOSPITALITY LTD - Filleted accounts

Registered number

15883054

ELF HOSPITALITY LTD

Filleted Accounts

31 August 2025

ELF HOSPITALITY LTD
Registered number:		15883054
Balance Sheet
as at 31 August 2025

Notes			2025
£
Fixed assets
Intangible assets	3		235,550
Tangible assets	4		19,660
			255,210

Current assets
Debtors	5	554,809
Cash at bank and in hand		25,971
		580,780

Creditors: amounts falling due within one year	6	(810,877)

Net current liabilities			(230,097)

Net assets			25,113

Capital and reserves
Called up share capital			1
Profit and loss account			25,112

Shareholder's funds			25,113

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Edward Fernandes
Director
Approved by the board on 23 April 2026

ELF HOSPITALITY LTD
Notes to the Accounts
for the period from 7 August 2024 to 31 August 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	25% reducing balance
	Fixtures, fittings, tools and equipment	25% reducing balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.













	Taxation

	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025
Number

	Average number of persons employed by the company			125








3	Intangible fixed assets					£
	Goodwill:

	Cost
	Additions					235,550
	At 31 August 2025					235,550

	Amortisation
	At 31 August 2025					-

	Net book value
	At 31 August 2025					235,550

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	Additions	19,600		500		20,100
	At 31 August 2025	19,600		500		20,100

	Depreciation
	Charge for the period	408		32		440
	At 31 August 2025	408		32		440

	Net book value
	At 31 August 2025	19,192		468		19,660


5	Debtors			2025
£

	Trade debtors			538,401
	Amounts owed by group undertakings and undertakings in which the company has a participating interest			10,626
	Other debtors			5,782
				554,809












6	Creditors: amounts falling due within one year			2025
£

	Factoring account			217,229
	Trade creditors			427,779
	Taxation and social security costs			87,795
	Net wages			78,074
				810,877


7	Other information

	ELF HOSPITALITY LTD is a private company limited by shares and incorporated in England. Its registered office is:
	42-44 High Street
	Regal Court
	Slough
	SL1 1EL