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REGISTERED NUMBER: 13287765 (England and Wales)















ELEMENTAL TECHNOLOGIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2023






ELEMENTAL TECHNOLOGIES LIMITED (REGISTERED NUMBER: 13287765)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELEMENTAL TECHNOLOGIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: R Cox
L J Cottingham





REGISTERED OFFICE: Carriage Court
Welbeck Estate
Worksop
Nottinghamshire
S80 3LR





REGISTERED NUMBER: 13287765 (England and Wales)






ELEMENTAL TECHNOLOGIES LIMITED (REGISTERED NUMBER: 13287765)

BALANCE SHEET
31 MARCH 2023

2023 2022 2021
as restated
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 5,014 6,617 -

CURRENT ASSETS
Debtors 5 239,377 180,098 -
Cash at bank 20,510 29,260 -
259,887 209,358 -
CREDITORS
Amounts falling due within one year 6 (1,015,291 ) (519,434 ) -
NET CURRENT LIABILITIES (755,404 ) (310,076 ) -
TOTAL ASSETS LESS CURRENT
LIABILITIES

(750,390

)

(303,459

)

-
NET LIABILITIES (750,390 ) (303,459 ) -

CAPITAL AND RESERVES
Called up share capital 8 100 100 -
Retained earnings (750,490 ) (303,559 ) -
SHAREHOLDERS' FUNDS (750,390 ) (303,459 ) -

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

ELEMENTAL TECHNOLOGIES LIMITED (REGISTERED NUMBER: 13287765)

BALANCE SHEET - continued
31 MARCH 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 Board of Directors and authorised for issue on 10 March 2024 and were signed on its behalf by:





R Cox - Director


ELEMENTAL TECHNOLOGIES LIMITED (REGISTERED NUMBER: 13287765)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Elemental Technologies 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year 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 year 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

ELEMENTAL TECHNOLOGIES LIMITED (REGISTERED NUMBER: 13287765)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued

Going concern
The financial statements have been prepared on a going concern basis. The company incurred a loss of £446,931 for the year ended 31 March 2023 and at the balance sheet date its liabilities exceeded its assets by £750,390 . However, £941,615 of the company's liabilities relate to loans made to it by related party companies and these will not be due to be repaid until the company can meet repayments.

The directors consider that the going concern basis is appropriate due to the continuing support of the directors and related parties.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 7,564
Additions 365
At 31 March 2023 7,929
DEPRECIATION
At 1 April 2022 947
Charge for year 1,968
At 31 March 2023 2,915
NET BOOK VALUE
At 31 March 2023 5,014
At 31 March 2022 6,617

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Other debtors 239,377 180,098

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade creditors 55,544 41,219
Taxation and social security 10,029 -
Other creditors 949,718 478,215
1,015,291 519,434

ELEMENTAL TECHNOLOGIES LIMITED (REGISTERED NUMBER: 13287765)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
as restated
£    £   
Within one year 4,950 4,950

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: as restated
£    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

Effective Energy Group Limited

Effective Energy Group Limited is a Company under common control.

Included in creditors amounts falling due within one year is loans payable to Effective Energy group Limited, the balance outstanding at 31 March 2023 is £532,173. No interest was charged in the year.


Effective Energy Solutions Limited

Effective Energy Solutions is a Company under common control.

In the period to 31 March 2023, Effective Energy Solutions recharged costs totalling £12,865 to Elemental Technologies Limited.

Including in creditors amounts falling due within one year is £379,442 due to Effective Energy Solutions Limited. No interest was charged in the year.

Effective Home Limited

Effective Home Limited is a Company under common control.

Included in creditors amounts falling due within one year is loans payable to Effective Home Limited, the balance outstanding at 31 March 2023 is £30,000. No interest was charged in the year

10. ULTIMATE CONTROLLING PARTY

R J Cox and L J Cottingham are regarded as the ultimate controlling parties of the company by virtue of their shareholdings.