Abbreviated Company Accounts - ELAIT LIMITED

Abbreviated Company Accounts - ELAIT LIMITED

ELAIT LIMITED - Company Information

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Registered Number 07040707

ELAIT LIMITED

Abbreviated Accounts

31 October 2016

ELAIT LIMITED Registered Number 07040707

Abbreviated Balance Sheet as at 31 October 2016

Notes 2016 2015
£ £
Called up share capital not paid - -
Fixed assets
Tangible assets 2 - 419
Investments 3 11,226 11,226
11,226 11,645
Current assets
Debtors 4 126,190 148,774
Cash at bank and in hand 19,864 94,928
146,054 243,702
Prepayments and accrued income 87,567 115,168
Creditors: amounts falling due within one year (106,773) (236,668)
Net current assets (liabilities) 126,848 122,202
Total assets less current liabilities 138,074 133,847
Creditors: amounts falling due after more than one year (679) (679)
Total net assets (liabilities) 137,395 133,168
Capital and reserves
Called up share capital 2,000 2,000
Profit and loss account 135,395 131,168
Shareholders' funds 137,395 133,168
  • For the year ending 31 October 2016 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 19 July 2017

And signed on their behalf by:
MR A DAVIS, Director
MR R SALDANHA, Director

ELAIT LIMITED Registered Number 07040707

Notes to the Abbreviated Accounts for the period ended 31 October 2016

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 Valued Added Tax, plus accrued income and arises solely in the UK 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 that asset as follows:
Computer Equipment 50%

Furniture 50%

2Tangible fixed assets
£
Cost
At 1 November 2015 2,140
Additions -
Disposals (1,082)
Revaluations -
Transfers -
At 31 October 2016 1,058
Depreciation
At 1 November 2015 1,721
Charge for the year 419
On disposals (1,082)
At 31 October 2016 1,058
Net book values
At 31 October 2016 0
At 31 October 2015 419

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

4Debtors
2016
£		 2015
£
Debtors include the following amounts due after more than one year 126,190 148,774