2022-03-012023-02-282023-02-28false03917456ESSENTIAL ELEMENTS COMMUNICATIONS 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ESSENTIAL ELEMENTS COMMUNICATIONS LIMITED

Registered Number
03917456
(England and Wales)

Unaudited Financial Statements for the Year ended
28 February 2023

ESSENTIAL ELEMENTS COMMUNICATIONS LIMITED
Company Information
for the year from 1 March 2022 to 28 February 2023

Director

SAUNDERS, Paul

Registered Address

Power Road Studios
Power Road
London
W4 5PY

Registered Number

03917456 (England and Wales)
ESSENTIAL ELEMENTS COMMUNICATIONS LIMITED
Statement of Financial Position
28 February 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets5700-
700-
Current assets
Debtors62,7981,906
Cash at bank and on hand43,92438,894
46,72240,800
Creditors amounts falling due within one year7(8,393)(7,195)
Net current assets (liabilities)38,32933,605
Total assets less current liabilities39,02933,605
Provisions for liabilities8(200)(200)
Net assets38,82933,405
Capital and reserves
Called up share capital1,0001,000
Profit and loss account37,82932,405
Shareholders' funds38,82933,405
The financial statements were approved and authorised for issue by the Director on 22 November 2023, and are signed on its behalf by:
SAUNDERS, Paul
Director
Registered Company No. 03917456
ESSENTIAL ELEMENTS COMMUNICATIONS LIMITED
Notes to the Financial Statements
for the year ended 28 February 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.Accounting policies
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:
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.
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.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
Going concern
The company continues to adopt the going concern basis in preparing its financial statements.
4.Employee information

20232022
Average number of employees during the year11
5.Property, plant and equipment

Office Equipment

Total

££
Cost or valuation
Additions720720
At 28 February 23720720
Depreciation and impairment
Charge for year2020
At 28 February 232020
Net book value
At 28 February 23700700
At 28 February 22--
6.Debtors

2023

2022

££
Trade debtors / trade receivables2,6401,705
Other debtors158201
Total2,7981,906
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.
7.Creditors within one year

2023

2022

££
Trade creditors / trade payables101101
Taxation and social security7,3005,153
Other creditors8461,795
Accrued liabilities and deferred income146146
Total8,3937,195
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.
8.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)200200
Total200200