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REGISTERED NUMBER: 07163601 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Element Building Management Ltd

Element Building Management Ltd (Registered number: 07163601)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Element Building Management Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTOR: R C Price





REGISTERED OFFICE: Unit 394 Diagonal Alley
The Paintworks
Bristol
BS4 3AS





REGISTERED NUMBER: 07163601 (England and Wales)





ACCOUNTANTS: Obsidian Accountancy Limited
Suite 9 Corum Two
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ

Element Building Management Ltd (Registered number: 07163601)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 183,338 202,730

CURRENT ASSETS
Debtors 5 267,853 152,851
Cash at bank and in hand 71,974 56,183
339,827 209,034
CREDITORS
Amounts falling due within one year 6 294,632 250,733
NET CURRENT ASSETS/(LIABILITIES) 45,195 (41,699 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

228,533

161,031

CREDITORS
Amounts falling due after more than
one year

7

(20,086

)

(30,086

)

PROVISIONS FOR LIABILITIES - (961 )
NET ASSETS 208,447 129,984

CAPITAL AND RESERVES
Called up share capital 834 834
Share premium 25,470 25,470
Retained earnings 182,143 103,680
SHAREHOLDERS' FUNDS 208,447 129,984

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Element Building Management Ltd (Registered number: 07163601)

Balance Sheet - continued
31 May 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 31 January 2024 and were signed by:





R C Price - Director


Element Building Management Ltd (Registered number: 07163601)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Element Building Management Ltd 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.
Land and buildings - 4% on cost
Plant and machinery etc - 33% on cost and 20% on reducing balance

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.

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.

Element Building Management Ltd (Registered number: 07163601)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 14 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2022 182,061 114,765 296,826
Additions - 4,194 4,194
Disposals - (23,308 ) (23,308 )
At 31 May 2023 182,061 95,651 277,712
DEPRECIATION
At 1 June 2022 12,137 81,959 94,096
Charge for year 3,642 16,259 19,901
Eliminated on disposal - (19,623 ) (19,623 )
At 31 May 2023 15,779 78,595 94,374
NET BOOK VALUE
At 31 May 2023 166,282 17,056 183,338
At 31 May 2022 169,924 32,806 202,730

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 241,431 125,587
Other debtors 26,422 27,264
267,853 152,851

Element Building Management Ltd (Registered number: 07163601)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 10,000 67,151
Trade creditors 132,652 58,701
Taxation and social security 145,169 119,533
Other creditors 6,811 5,348
294,632 250,733

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans 20,086 30,086

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.5.23 31.5.22
£    £   
Within one year - 22,852
Between one and five years 86,906 15,000
86,906 37,852

9. SECURED DEBTS

The following secured debts are included within creditors:

31.5.23 31.5.22
£    £   
Bank loans 30,086 97,237