1 August 2022 false No description of principal activity Taxfiler 2024.2 13514421business:PrivateLimitedCompanyLtd2022-08-012023-07-31 135144212022-07-31 135144212022-08-012023-07-31 13514421business:AuditExempt-NoAccountantsReport2022-08-012023-07-31 13514421business:FilletedAccounts2022-08-012023-07-31 135144212023-07-31 13514421business:Director12022-08-012023-07-31 13514421business:Director22022-08-012023-07-31 13514421business:Director32022-08-012023-07-31 13514421business:RegisteredOffice2022-08-012023-07-31 135144212022-07-31 13514421core:WithinOneYear2023-07-31 13514421core:WithinOneYear2022-07-31 13514421core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 13514421core:ShareCapitalcore:PreviouslyStatedAmount2022-07-31 13514421core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 13514421core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-07-31 13514421core:PreviouslyStatedAmount2023-07-31 13514421core:PreviouslyStatedAmount2022-07-31 13514421business:SmallEntities2022-08-012023-07-31 13514421countries:EnglandWales2022-08-012023-07-31 13514421business:Director112022-08-012023-07-31 13514421business:Director112022-07-31 13514421business:Director112023-07-31 135144212021-07-162022-07-31 iso4217:GBP xbrli:pure
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
Page
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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
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ELEM INVESTMENT EUROPE LTD Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Inventories
138,726 
11,967 
Debtors
53,874 
15,491 
Cash at bank and in hand
298 
6,137 
192,898 
33,595 
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 
Capital and reserves
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
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ELEM INVESTMENT EUROPE LTD Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
5,116 
2,491 
Trade debtors
48,758 
13,000 
53,874 
15,491 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
4,230 
- 
Loans from directors
189,416 
29,369 
Accruals
1,500 
1,500 
195,146 
30,869 
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ELEM INVESTMENT EUROPE LTD Notes to the Accounts for the year ended 31 July 2023
6
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Edwin TANG
Director Loan Account
29,369 
160,047 
- 
189,416 
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).
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