Company Registration No. 13391634 (England and Wales)
Elemental GI Ltd
Unaudited accounts
for the year ended 31 July 2023
Elemental GI Ltd
Unaudited accounts
Contents
Elemental GI Ltd
Company Information
for the year ended 31 July 2023
Company Number
13391634 (England and Wales)
Registered Office
Suite 8 Riverside Business Centre
Foundry Lane
Milford, Belper
DE56 0RN
Accountants
RLTP Accountants
Suite 8, Riverside Business Centre
Foundry Lane
Milford, Belper
Derbyshire
DE56 0RN
Elemental GI Ltd
Statement of financial position
as at 31 July 2023
Tangible assets
14,624
19,452
Cash at bank and in hand
97,300
22,054
Creditors: amounts falling due within one year
(46,641)
(43,403)
Net current assets
89,287
77,010
Profit and loss account
103,911
96,462
Shareholders' funds
103,911
96,462
For the year ending 31 July 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 his 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 8 November 2023 and were signed on its behalf by
James Regan
Director
Company Registration No. 13391634
Elemental GI Ltd
Notes to the Accounts
for the year ended 31 July 2023
Elemental GI Ltd is a private company, limited by shares, registered in England and Wales, registration number 13391634. The registered office is Suite 8 Riverside Business Centre, Foundry Lane, Milford, Belper, DE56 0RN.
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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:
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2022
5,037
19,650
1,023
25,710
At 31 July 2023
5,037
19,650
1,023
25,710
At 1 August 2022
1,007
4,913
338
6,258
Charge for the year
806
3,684
338
4,828
At 31 July 2023
1,813
8,597
676
11,086
At 31 July 2023
3,224
11,053
347
14,624
At 31 July 2022
4,030
14,737
685
19,452
Elemental GI Ltd
Notes to the Accounts
for the year ended 31 July 2023
Amounts falling due within one year
Trade debtors
38,628
98,359
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
7,728
6,652
Taxes and social security
16,763
18,614
Loans from directors
17,559
5,109
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Average number of employees
During the year the average number of employees was 2 (2022: 2).