Abbreviated Company Accounts - ELAIT LIMITED

07040707 ELAIT LIMITED 2014-10-31 false 2013-11-01 2014-10-31 true 07040707 2013-11-01 2014-10-31 07040707 2014-10-31 07040707 2013-10-31 07040707 uk-gaap-cd-bus:Director1 2013-11-01 2014-10-31 07040707 uk-gaap-cd-bus:Director2 2013-11-01 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-11-01 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-31 iso4217:GBP shares

Registered Number 07040707

ELAIT LIMITED

Abbreviated Accounts

31 October 2014

ELAIT LIMITED Registered Number 07040707

Abbreviated Balance Sheet as at 31 October 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	1,244	1,097
Investments	3	11,226	11,226
		12,470	12,323
Current assets
Debtors		35,630	49,386
Cash at bank and in hand		125,533	40,026
		161,163	89,412
Prepayments and accrued income		286,881	160,263
Creditors: amounts falling due within one year		(330,967)	(143,657)
Net current assets (liabilities)		117,077	106,018
Total assets less current liabilities		129,547	118,341
Creditors: amounts falling due after more than one year		(679)	(679)
Total net assets (liabilities)		128,868	117,662
Capital and reserves
Called up share capital	4	2,000	2,000
Profit and loss account		126,868	115,662
Shareholders' funds		128,868	117,662

For the year ending 31 October 2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 8 July 2015

And signed on their behalf by:
Mr J Traves, Director

ELAIT LIMITED Registered Number 07040707

Notes to the Abbreviated Accounts for the period ended 31 October 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover in the profit and loss account represents amounts invoiced during the period, exclusive of Value Added Tax, plus accrued income and arises in the UK & Gibraltar and relates solely to the principal activity of the business.

Tangible assets depreciation policy
Depreciation is calculated to write off the cost of an asset over the useful economic life of the asset as follows:
Computer Equipment 50%
Furniture 50%

2Tangible fixed assets

	£
Cost
At 1 November 2013	3,935
Additions	1,057
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2014	4,992
Depreciation
At 1 November 2013	2,838
Charge for the year	910
On disposals	-
At 31 October 2014	3,748
Net book values
At 31 October 2014	1,244
At 31 October 2013	1,097

3Fixed assets Investments
This represents 90% of the Equity in Elait IT Technology Services Pvt Ltd, registered in India

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
2,000 Ordinary shares of £1 each	2,000	2,000