2022-04-012023-03-312023-03-31false07707780ELEMENTAL COSEC LIMITED2023-10-30iso4217:GBPxbrli:pure077077802022-04-01077077802023-03-31077077802022-04-012023-03-31077077802021-04-01077077802022-03-31077077802021-04-012022-03-3107707780bus:SmallEntities2022-04-012023-03-3107707780bus:AuditExempt-NoAccountantsReport2022-04-012023-03-3107707780bus:AbridgedAccounts2022-04-012023-03-3107707780bus:PrivateLimitedCompanyLtd2022-04-012023-03-3107707780core:WithinOneYear2023-03-3107707780core:AfterOneYear2023-03-3107707780core:WithinOneYear2022-03-3107707780core:AfterOneYear2022-03-3107707780core:ShareCapital2023-03-3107707780core:SharePremium2023-03-3107707780core:RevaluationReserve2023-03-3107707780core:OtherReservesSubtotal2023-03-3107707780core:RetainedEarningsAccumulatedLosses2023-03-3107707780core:ShareCapital2022-03-3107707780core:SharePremium2022-03-3107707780core:RevaluationReserve2022-03-3107707780core:OtherReservesSubtotal2022-03-3107707780core:RetainedEarningsAccumulatedLosses2022-03-3107707780core:LandBuildings2023-03-3107707780core:PlantMachinery2023-03-3107707780core:Vehicles2023-03-3107707780core:FurnitureFittings2023-03-3107707780core:OfficeEquipment2023-03-3107707780core:NetGoodwill2023-03-3107707780core:IntangibleAssetsOtherThanGoodwill2023-03-3107707780core:ListedExchangeTraded2023-03-3107707780core:UnlistedNon-exchangeTraded2023-03-3107707780core:LandBuildings2022-03-3107707780core:PlantMachinery2022-03-3107707780core:Vehicles2022-03-3107707780core:FurnitureFittings2022-03-3107707780core:OfficeEquipment2022-03-3107707780core:NetGoodwill2022-03-3107707780core:IntangibleAssetsOtherThanGoodwill2022-03-3107707780core:ListedExchangeTraded2022-03-3107707780core:UnlistedNon-exchangeTraded2022-03-3107707780core:LandBuildings2022-04-012023-03-3107707780core:PlantMachinery2022-04-012023-03-3107707780core:Vehicles2022-04-012023-03-3107707780core:FurnitureFittings2022-04-012023-03-3107707780core:OfficeEquipment2022-04-012023-03-3107707780core:NetGoodwill2022-04-012023-03-3107707780core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3107707780core:ListedExchangeTraded2022-04-012023-03-3107707780core:UnlistedNon-exchangeTraded2022-04-012023-03-3107707780core:MoreThanFiveYears2022-04-012023-03-3107707780core:Non-currentFinancialInstruments2023-03-3107707780core:Non-currentFinancialInstruments2022-03-3107707780dpl:CostSales2022-04-012023-03-3107707780dpl:DistributionCosts2022-04-012023-03-3107707780core:LandBuildings2022-04-012023-03-3107707780core:PlantMachinery2022-04-012023-03-3107707780core:Vehicles2022-04-012023-03-3107707780core:FurnitureFittings2022-04-012023-03-3107707780core:OfficeEquipment2022-04-012023-03-3107707780dpl:AdministrativeExpenses2022-04-012023-03-3107707780core:NetGoodwill2022-04-012023-03-3107707780core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3107707780dpl:GroupUndertakings2022-04-012023-03-3107707780dpl:ParticipatingInterests2022-04-012023-03-3107707780dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3107707780core:ListedExchangeTraded2022-04-012023-03-3107707780dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3107707780core:UnlistedNon-exchangeTraded2022-04-012023-03-3107707780dpl:CostSales2021-04-012022-03-3107707780dpl:DistributionCosts2021-04-012022-03-3107707780core:LandBuildings2021-04-012022-03-3107707780core:PlantMachinery2021-04-012022-03-3107707780core:Vehicles2021-04-012022-03-3107707780core:FurnitureFittings2021-04-012022-03-3107707780core:OfficeEquipment2021-04-012022-03-3107707780dpl:AdministrativeExpenses2021-04-012022-03-3107707780core:NetGoodwill2021-04-012022-03-3107707780core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3107707780dpl:GroupUndertakings2021-04-012022-03-3107707780dpl:ParticipatingInterests2021-04-012022-03-3107707780dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-3107707780core:ListedExchangeTraded2021-04-012022-03-3107707780dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-3107707780core:UnlistedNon-exchangeTraded2021-04-012022-03-3107707780core:NetGoodwill2023-03-3107707780core:IntangibleAssetsOtherThanGoodwill2023-03-3107707780core:LandBuildings2023-03-3107707780core:PlantMachinery2023-03-3107707780core:Vehicles2023-03-3107707780core:FurnitureFittings2023-03-3107707780core:OfficeEquipment2023-03-3107707780core:AfterOneYear2023-03-3107707780core:WithinOneYear2023-03-3107707780core:ListedExchangeTraded2023-03-3107707780core:UnlistedNon-exchangeTraded2023-03-3107707780core:ShareCapital2023-03-3107707780core:SharePremium2023-03-3107707780core:RevaluationReserve2023-03-3107707780core:OtherReservesSubtotal2023-03-3107707780core:RetainedEarningsAccumulatedLosses2023-03-3107707780core:NetGoodwill2022-03-3107707780core:IntangibleAssetsOtherThanGoodwill2022-03-3107707780core:LandBuildings2022-03-3107707780core:PlantMachinery2022-03-3107707780core:Vehicles2022-03-3107707780core:FurnitureFittings2022-03-3107707780core:OfficeEquipment2022-03-3107707780core:AfterOneYear2022-03-3107707780core:WithinOneYear2022-03-3107707780core:ListedExchangeTraded2022-03-3107707780core:UnlistedNon-exchangeTraded2022-03-3107707780core:ShareCapital2022-03-3107707780core:SharePremium2022-03-3107707780core:RevaluationReserve2022-03-3107707780core:OtherReservesSubtotal2022-03-3107707780core:RetainedEarningsAccumulatedLosses2022-03-3107707780core:NetGoodwill2021-04-0107707780core:IntangibleAssetsOtherThanGoodwill2021-04-0107707780core:LandBuildings2021-04-0107707780core:PlantMachinery2021-04-0107707780core:Vehicles2021-04-0107707780core:FurnitureFittings2021-04-0107707780core:OfficeEquipment2021-04-0107707780core:AfterOneYear2021-04-0107707780core:WithinOneYear2021-04-0107707780core:ListedExchangeTraded2021-04-0107707780core:UnlistedNon-exchangeTraded2021-04-0107707780core:ShareCapital2021-04-0107707780core:SharePremium2021-04-0107707780core:RevaluationReserve2021-04-0107707780core:OtherReservesSubtotal2021-04-0107707780core:RetainedEarningsAccumulatedLosses2021-04-0107707780core:AfterOneYear2022-04-012023-03-3107707780core:WithinOneYear2022-04-012023-03-3107707780core:Non-currentFinancialInstrumentscore:CostValuation2022-04-012023-03-3107707780core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-04-012023-03-3107707780core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-04-012023-03-3107707780core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-04-012023-03-3107707780core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-04-012023-03-3107707780core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-04-012023-03-3107707780core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-04-012023-03-3107707780core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-04-012023-03-3107707780core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-04-012023-03-3107707780core:Non-currentFinancialInstrumentscore:CostValuation2023-03-3107707780core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-3107707780core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-3107707780core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-3107707780core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-3107707780core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-3107707780core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-3107707780core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-3107707780core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-3107707780core:Non-currentFinancialInstrumentscore:CostValuation2022-03-3107707780core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-03-3107707780core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-03-3107707780core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-03-3107707780core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-03-3107707780core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-03-3107707780core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-03-3107707780core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-03-3107707780core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-03-3107707780bus:Director12022-04-012023-03-3107707780bus:Director22022-04-012023-03-3107707780bus:Director32022-04-012023-03-3107707780bus:Director42022-04-012023-03-31

ELEMENTAL COSEC LIMITED

Registered Number
07707780
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

ELEMENTAL COSEC LIMITED
Company Information
for the year from 1 April 2022 to 31 March 2023

Directors

LATHAM, Tobias John
LINDSAY, Nicholas James Duncan
OWEN, Katherine Louise
PATEL, Dhruv Shamik

Registered Address

27 Old Gloucester Street
London
WC1N 3AX

Registered Number

07707780 (England and Wales)
ELEMENTAL COSEC LIMITED
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets62,2143,104
Tangible assets748,45937,484
Investments842
50,67740,590
Current assets
Stocks-1
Debtors101,991,314917,872
Cash at bank and on hand1,866,331330,169
3,857,6451,248,042
Creditors amounts falling due within one year11(1,469,740)(591,504)
Net current assets (liabilities)2,387,905656,538
Total assets less current liabilities2,438,582697,128
Provisions for liabilities(95,929)(14,363)
Net assets2,342,653682,765
Capital and reserves
Called up share capital3030
Profit and loss account2,342,623682,735
Shareholders' funds2,342,653682,765
The financial statements were approved and authorised for issue by the Board of Directors on 30 October 2023, and are signed on its behalf by:
LINDSAY, Nicholas James Duncan
Director
Registered Company No. 07707780
ELEMENTAL COSEC LIMITED
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
Company secretarial, governance, accounting and tax services.
4.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Land and buildings10
Plant and machinery3
Office Equipment3
Intangible assets policy
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and ay accumulated impairment losses. Computer software is being amortised evenly over its estimated useful life of 5 years
Stocks policy
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Government grants and other government assistance policy
Grants are accounted for under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to the profit and loss account at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in “other income” within profit or loss in the same period as the related expenditure. This includes the Government Coronavirus Job Retention Scheme (‘Furlough’). The company has not directly benefited from any other forms of government assistance.
Investments policy
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
5.Employee information

20232022
Average number of employees during the year2719
6.Intangible assets

Total

£
Cost or valuation
At 01 April 224,452
At 31 March 234,452
Amortisation and impairment
At 01 April 221,347
Charge for year891
At 31 March 232,238
Net book value
At 31 March 232,214
At 31 March 223,104
7.Property, plant and equipment

Total

£
Cost or valuation
At 01 April 2258,768
Additions24,187
At 31 March 2382,956
Depreciation and impairment
At 01 April 2221,284
Charge for year13,212
At 31 March 2334,497
Net book value
At 31 March 2348,459
At 31 March 2237,484
8.Fixed asset investments

Total

£
Cost or valuation
At 01 April 222
Additions2
At 31 March 234
Net book value
At 31 March 234
At 31 March 222
9.Description of nature of transactions and balances with related parties
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
10.Debtors

2023

2022

££
Trade debtors / trade receivables1,991,066917,872
Other debtors248-
Total1,991,314917,872
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
11.Creditors within one year

2023

2022

££
Trade creditors / trade payables54,41650,929
Amounts owed to related parties43
Taxation and social security1,276,953476,042
Other creditors9,26819,883
Accrued liabilities and deferred income129,09944,647
Total1,469,740591,504
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.