Elsak Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01838243

Elsak Limited

Filleted Unaudited Financial Statements

30 September 2025

Elsak Limited

Statement of Financial Position

30 September 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	4		1,313	637

Current assets

Debtors	5	443	58
Cash at bank and in hand		751,343	730,709
		----------	----------
		751,786	730,767

Creditors: amounts falling due within one year	6	( 5,230)		( 1,773)
		----------		----------
Net current assets			746,556	728,994
			----------	----------
Total assets less current liabilities			747,869	729,631
			----------	----------
Net assets			747,869	729,631
			----------	----------

Capital and reserves

Called up share capital	50,100	50,100
Profit and loss account	697,769	679,531
	----------	----------
Shareholders funds	747,869	729,631
	----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Elsak Limited

Statement of Financial Position (continued)

30 September 2025

These financial statements were approved by the board of directors and authorised for issue on 16 March 2026 , and are signed on behalf of the board by:

Dr L.N.I Kaba

Director

Company registration number: 01838243

Elsak Limited

Notes to the Financial Statements

Year ended 30 September 2025

1. General information

The company is a private limited company limited by shares, registered in England and Wales. The address of the registered office is The Lake House, 6 Kier Park, Ascot, Berkshire, SL5 7DS.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss.

Trade and other debtors

Trade and other debtors are recognised and carried forward at invoiced amounts less provisions for any doubtful debts. Bad debts are written off when identified.

Cash and cash equivalents

Cash and cash equivalents are included in the balance sheet at cost. Cash and cash equivalents comprise cash at bank and in hand and short term deposits.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	15% reducing balance
Computer equipment	-	15% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.

4. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 October 2024	224	4,486	4,710
Additions	–	908	908
	----	-------	-------
At 30 September 2025	224	5,394	5,618
	----	-------	-------
Depreciation
At 1 October 2024	224	3,849	4,073
Charge for the year	–	232	232
	----	-------	-------
At 30 September 2025	224	4,081	4,305
	----	-------	-------
Carrying amount
At 30 September 2025	–	1,313	1,313
	----	-------	-------
At 30 September 2024	–	637	637
	----	-------	-------

5. Debtors

	2025	2024
	£	£
Other debtors	443	58
	----	----

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Other creditors	5,230	1,773
	-------	-------

7. Employee numbers

The average employee number for the year was nil (2024: nil).

8. Directors' advances, credits and guarantees

During the year the company advanced the director, L Kaba, £743 (2024: £662). During the year the director repaid £4,092 (2024: £994). At the year the company owed the director £3,522 (2024: £173).