Company Registration No. 13514421 (England and Wales)
ELEM INVESTMENT EUROPE LTD
Unaudited Financial Statements
for the year ended 31 July 2023
ELEM INVESTMENT EUROPE LTD
Unaudited Financial Statements
Contents
ELEM INVESTMENT EUROPE LTD
Company Information
for the year ended 31 July 2023
Directors
Edwin TANG
Mohamed Ferhan MOHAMED FAUZY
Mui HA
Company Number
13514421 (England and Wales)
Registered Office
UNIT 1 MONKS POND STREET
NORTHAMPTON
NN1 2LF
UNITED KINGDOM
ELEM INVESTMENT EUROPE LTD
Statement of financial position
as at 31 July 2023
Inventories
138,726
11,967
Cash at bank and in hand
298
6,137
Creditors: amounts falling due within one year
(195,146)
(30,869)
Net current (liabilities)/assets
(2,248)
2,726
Net (liabilities)/assets
(2,248)
2,726
Called up share capital
1
1
Profit and loss account
(2,249)
2,725
Shareholders' funds
(2,248)
2,726
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2024 and were signed on its behalf by
Mohamed Ferhan MOHAMED FAUZY
Director
Company Registration No. 13514421
ELEM INVESTMENT EUROPE LTD
Notes to the Accounts
for the year ended 31 July 2023
ELEM INVESTMENT EUROPE LTD is a private company, limited by shares, registered in England and Wales, registration number 13514421. The registered office is UNIT 1 MONKS POND STREET, NORTHAMPTON, NN1 2LF, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Amounts falling due within one year
Trade debtors
48,758
13,000
5
Creditors: amounts falling due within one year
2023
2022
Loans from directors
189,416
29,369
ELEM INVESTMENT EUROPE LTD
Notes to the Accounts
for the year ended 31 July 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Loan Account
29,369
160,047
-
189,416
During the year, the Director loaned £189,416 to the company which was outstanding at the year end. The loan is repayable on demand with no interest.
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).