Company Registration No. 10309136 (England and Wales)
Elfin Market Ltd
Unaudited accounts
for the year ended 31 December 2020
Elfin Market Ltd
Unaudited accounts
Contents
Elfin Market Ltd
Company Information
for the year ended 31 December 2020
Directors
Mansour Bouaziz
Lakshithe Wagalath
Company Number
10309136 (England and Wales)
Registered Office
Flat B
40 Earlham Street
London
WC2H 9LH
United Kingdom
Accountants
The Accountancy Cloud
12-18 Hoxton Street
London
N1 6NG
UK
Elfin Market Ltd
Statement of financial position
as at
31 December 2020
Tangible assets
11,572
11,511
Cash at bank and in hand
247,705
174,163
Creditors: amounts falling due within one year
(91,329)
(31,426)
Net current assets
166,376
142,879
Net assets
177,948
154,390
Called up share capital
4
4
Share premium
1,550,413
750,000
Profit and loss account
(1,372,469)
(595,614)
Shareholders' funds
177,948
154,390
For the year ending 31 December 2020 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2021 and were signed on its behalf by
Mansour Bouaziz
Director
Company Registration No. 10309136
Elfin Market Ltd
Notes to the Accounts
for the year ended 31 December 2020
Elfin Market Ltd is a private company, limited by shares, registered in England and Wales, registration number 10309136. The registered office is Flat B, 40 Earlham Street, London, WC2H 9LH, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% Straight Line
4
Tangible fixed assets
Computer equipment
Cost or valuation
At cost
At 31 December 2020
15,661
Charge for the year
2,738
At 31 December 2020
4,089
At 31 December 2020
11,572
At 31 December 2019
11,511
5
Debtors: amounts falling due within one year
2020
2019
Debtors: amounts falling due after more than one year
Elfin Market Ltd
Notes to the Accounts
for the year ended 31 December 2020
6
Creditors: amounts falling due within one year
2020
2019
Trade creditors
59,110
18,078
Taxes and social security
30,357
13,348
7
Average number of employees
During the year the average number of employees was 6 (2019: 4).