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REGISTERED NUMBER: 11896163 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 March 2023

for

Elementaldocs Ltd

Elementaldocs Ltd (Registered number: 11896163)






Contents of the Financial Statements
for the Year Ended 30 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Elementaldocs Ltd

Company Information
for the Year Ended 30 March 2023







DIRECTORS: Mr R D Howell
Dr H M Joy





REGISTERED OFFICE: Solent House
107a Alma Road
Portswood
Southampton
SO14 6UY





REGISTERED NUMBER: 11896163 (England and Wales)





ACCOUNTANTS: Thomas Croft Limited
Accountants And Taxation Consultants
Solent House
107a Alma Road
Portswood
Southampton
Hampshire
SO14 6UY

Elementaldocs Ltd (Registered number: 11896163)

Balance Sheet
30 March 2023

30.3.23 30.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,000 16,000

CURRENT ASSETS
Stocks 840 1,458
Debtors 5 1,797 3,648
Cash at bank 70,025 64,812
72,662 69,918
CREDITORS
Amounts falling due within one year 6 18,602 34,801
NET CURRENT ASSETS 54,060 35,117
TOTAL ASSETS LESS CURRENT
LIABILITIES

62,060

51,117

CAPITAL AND RESERVES
Called up share capital 7 200 200
Retained earnings 8 61,860 50,917
SHAREHOLDERS' FUNDS 62,060 51,117

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

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

Elementaldocs Ltd (Registered number: 11896163)

Balance Sheet - continued
30 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 14 March 2024 and were signed on its behalf by:




Mr R D Howell - Director



Dr H M Joy - Director


Elementaldocs Ltd (Registered number: 11896163)

Notes to the Financial Statements
for the Year Ended 30 March 2023

1. STATUTORY INFORMATION

Elementaldocs 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

Elementaldocs Ltd (Registered number: 11896163)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 31 March 2022
and 30 March 2023 40,000
AMORTISATION
At 31 March 2022 24,000
Amortisation for year 8,000
At 30 March 2023 32,000
NET BOOK VALUE
At 30 March 2023 8,000
At 30 March 2022 16,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.23 30.3.22
£    £   
Trade debtors 1,737 3,588
Prepayments 60 60
1,797 3,648

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.23 30.3.22
£    £   
Corporation tax 5,430 7,357
Other creditors 1,140 -
Directors' current accounts 10,819 26,304
Accrued expenses 1,213 1,140
18,602 34,801

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.3.23 30.3.22
value: £    £   
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
200 200

Elementaldocs Ltd (Registered number: 11896163)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2023

8. RESERVES
Retained
earnings
£   

At 31 March 2022 50,917
Profit for the year 14,943
Dividends (4,000 )
At 30 March 2023 61,860

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 30 March 2023 and the period ended 30 March 2022:

30.3.23 30.3.22
£    £   
Mr R D Howell
Balance outstanding at start of year (11,813 ) (21,935 )
Amounts advanced 10,418 12,890
Amounts repaid (593 ) (2,768 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,988 ) (11,813 )

Dr H M Joy
Balance outstanding at start of year (14,494 ) (24,400 )
Amounts advanced 10,418 12,890
Amounts repaid (4,760 ) (2,984 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (8,836 ) (14,494 )

10. RELATED PARTY DISCLOSURES

The company was under the control of Mr R Howell and Dr H Joy throughout the period. Mr R Howell and Dr H Joy are the managing directors and majority shareholders.

No transactions with related parties were undertaken such as are required to be disclosed under Section 1a (Small Entities) for Financial Reporting Standard 102.