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REGISTERED NUMBER: 06166168 (England and Wales)















Unaudited Financial Statements

for the Period 1 April 2022 to 30 September 2023

for

Five Elements Limited

Five Elements Limited (Registered number: 06166168)






Contents of the Financial Statements
for the Period 1 April 2022 to 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Five Elements Limited

Company Information
for the Period 1 April 2022 to 30 September 2023







DIRECTOR: H C McNeill





SECRETARY: D and E Accountancy Ltd





REGISTERED OFFICE: 45 Glebe Road
Letchworth Garden City
Hertfordshire
SG6 1DS





REGISTERED NUMBER: 06166168 (England and Wales)





ACCOUNTANTS: D and E Accountancy Ltd
Tax Advisors and Accountants
2nd Floor, 2 Walsworth Road
Hitchin
Hertfordshire
SG4 9SP

Five Elements Limited (Registered number: 06166168)

Balance Sheet
30 September 2023

30.9.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 2,989

CURRENT ASSETS
Stocks - 1,970
Debtors 5 - 287
Cash at bank 633 51
633 2,308
CREDITORS
Amounts falling due within one year 6 5,728 7,092
NET CURRENT LIABILITIES (5,095 ) (4,784 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,095

)

(1,795

)

PROVISIONS FOR LIABILITIES 7 - 568
NET LIABILITIES (5,095 ) (2,363 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings (5,096 ) (2,364 )
SHAREHOLDERS' FUNDS (5,095 ) (2,363 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2023 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.

Five Elements Limited (Registered number: 06166168)

Balance Sheet - continued
30 September 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 13 March 2024 and were signed by:





H C McNeill - Director


Five Elements Limited (Registered number: 06166168)

Notes to the Financial Statements
for the Period 1 April 2022 to 30 September 2023

1. STATUTORY INFORMATION

Five Elements Limited is a private company, limited by shares , registered in England and Wales. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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 period 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.

Five Elements Limited (Registered number: 06166168)

Notes to the Financial Statements - continued
for the Period 1 April 2022 to 30 September 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2022 14,811 1,968 16,779
Disposals (14,811 ) (1,968 ) (16,779 )
At 30 September 2023 - - -
DEPRECIATION
At 1 April 2022 11,995 1,795 13,790
Charge for period 563 58 621
Eliminated on disposal (12,558 ) (1,853 ) (14,411 )
At 30 September 2023 - - -
NET BOOK VALUE
At 30 September 2023 - - -
At 31 March 2022 2,816 173 2,989

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 31.3.22
£    £   
Other debtors - 287

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 31.3.22
£    £   
Trade creditors - 16
Taxation and social security - (589 )
Other creditors 5,728 7,665
5,728 7,092

7. PROVISIONS FOR LIABILITIES
30.9.23 31.3.22
£    £   
Deferred tax - 568

Five Elements Limited (Registered number: 06166168)

Notes to the Financial Statements - continued
for the Period 1 April 2022 to 30 September 2023

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2022 568
Accelerated Capital Allowances (568 )
Balance at 30 September 2023 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 31.3.22
value: £    £   
1 Ordinary £1 1 1

9. ULTIMATE CONTROLLING PARTY

The company is under the control of the Director.