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REGISTERED NUMBER: SC449817 (Scotland)















Financial Statements for the Year Ended 31 October 2017

for

Elzytech Design Ltd
Elzytech Design Ltd (Registered number: SC449817)






Contents of the Financial Statements
for the Year Ended 31 October 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Elzytech Design Ltd

Company Information
for the Year Ended 31 October 2017







DIRECTOR: D Budge





REGISTERED OFFICE: Sandanel
Elzy Road
Staxigoe
Wick
Caithness
KW1 4QU





REGISTERED NUMBER: SC449817 (Scotland)





ACCOUNTANTS: Reid & Fraser
Chartered Accountants
92 High Street
Wick
Caithness
KW1 4LY
Elzytech Design Ltd (Registered number: SC449817)

Balance Sheet
31 October 2017

2017 2016
Notes £    £   
CURRENT ASSETS
Debtors 4 1,771 14,781
Cash at bank 133,202 96,469
134,973 111,250
CREDITORS
Amounts falling due within one year 5 (22,932 ) (35,105 )
NET CURRENT ASSETS 112,041 76,145
TOTAL ASSETS LESS CURRENT
LIABILITIES

112,041

76,145

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 111,941 76,045
112,041 76,145

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 6 May 2018 and were signed by:





D Budge - Director

Elzytech Design Ltd (Registered number: SC449817)

Notes to the Financial Statements
for the Year Ended 31 October 2017

1. STATUTORY INFORMATION

Elzytech Design Ltd is a private company, limited by shares , registered in Scotland. The company's registered
number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different
from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and
laws that have been enacted or substantively enacted by the year end and that are expected to apply to the
reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors - 12,828
Other debtors 1,771 1,953
1,771 14,781
Elzytech Design Ltd (Registered number: SC449817)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2017

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 600 599
Taxation and social security 22,332 34,506
22,932 35,105

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2017 and
31 October 2016:

2017 2016
£    £   
D Budge
Balance outstanding at start of year 1,953 2,126
Amounts repaid (182 ) (173 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,771 1,953

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