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Company Registration No. 06866778 (England and Wales)
Element Law Limited Unaudited accounts for the year ended 31 March 2023
Element Law Limited Unaudited accounts Contents
Page
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Element Law Limited Company Information for the year ended 31 March 2023
Director
Mrs Katherine J Lawson
Company Number
06866778 (England and Wales)
Registered Office
Pantiles Chambers 85 High Street Tunbridge Wells Kent TN1 1XP
Accountants
Rustrick Accountants Limited 380A New Hythe lane Larkfield Maidstone Kent ME20 6RZ
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Element Law Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,366 
3,095 
Current assets
Debtors
23,286 
23,763 
Cash at bank and in hand
47,349 
60,954 
70,635 
84,717 
Creditors: amounts falling due within one year
(17,556)
(23,653)
Net current assets
53,079 
61,064 
Net assets
55,445 
64,159 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
55,444 
64,158 
Shareholders' funds
55,445 
64,159 
For the year ending 31 March 2023 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 director acknowledges her 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 and authorised for issue on 17 October 2023 and were signed on its behalf by
Mrs Katherine J Lawson Director Company Registration No. 06866778
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Element Law Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Element Law Limited is a private company, limited by shares, registered in England and Wales, registration number 06866778. The registered office is Pantiles Chambers, 85 High Street, Tunbridge Wells, Kent, TN1 1XP.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
3,241 
4,258 
7,499 
Additions
- 
60 
60 
At 31 March 2023
3,241 
4,318 
7,559 
Depreciation
At 1 April 2022
2,886 
1,518 
4,404 
Charge for the year
89 
700 
789 
At 31 March 2023
2,975 
2,218 
5,193 
Net book value
At 31 March 2023
266 
2,100 
2,366 
At 31 March 2022
355 
2,740 
3,095 
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Element Law Limited Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
17,715 
18,403 
Accrued income and prepayments
5,571 
5,360 
23,286 
23,763 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
15,687 
12,477 
Other creditors
1,202 
1,903 
Loans from directors
667 
9,273 
17,556 
23,653 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mrs Katherine J Lawson
Loan from director
9,273 
1,152 
9,758 
667 
9,273 
1,152 
9,758 
667 
9
Controlling party
The ultimate controlling party is K Lawson by virtue of her 100% shareholding.
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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