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REGISTERED NUMBER: 08404986 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Elem Consulting Ltd

Elem Consulting Ltd (Registered number: 08404986)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Elem Consulting Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: L Molinari





SECRETARY: Mrs A Molinari





REGISTERED OFFICE: Fairhaven Cottage Pattingham Road
Nurton Brook, Pattingham
Wolverhampton
WV6 7AE





REGISTERED NUMBER: 08404986 (England and Wales)





ACCOUNTANTS: SRC Accountancy Services Limited
3 The Mill
Stuart Works
High Street
Wordsley
West Midlands
DY8 4FA

Elem Consulting Ltd (Registered number: 08404986)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 326,134 95,743

CURRENT ASSETS
Debtors 5 48,548 48,726
Cash at bank 230,032 149,097
278,580 197,823
CREDITORS
Amounts falling due within one year 6 121,077 54,891
NET CURRENT ASSETS 157,503 142,932
TOTAL ASSETS LESS CURRENT LIABILITIES 483,637 238,675

PROVISIONS FOR LIABILITIES - 23
NET ASSETS 483,637 238,652

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 483,537 238,552
483,637 238,652

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

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 16 August 2024 and were signed by:





L Molinari - Director


Elem Consulting Ltd (Registered number: 08404986)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Elem Consulting 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 - 2% on cost
Plant and machinery etc - 33% on cost, 25% on reducing balance and 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 2 ).

Elem Consulting Ltd (Registered number: 08404986)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2023 93,447 31,907 125,354
Additions 205,456 34,606 240,062
At 29 February 2024 298,903 66,513 365,416
DEPRECIATION
At 1 March 2023 14,952 14,659 29,611
Charge for year 2,475 7,196 9,671
At 29 February 2024 17,427 21,855 39,282
NET BOOK VALUE
At 29 February 2024 281,476 44,658 326,134
At 28 February 2023 78,495 17,248 95,743

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 20,567 20,117
Other debtors 27,981 28,609
48,548 48,726

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 2,696 3,961
Hire purchase contracts - 14,459
Trade creditors 479 20
Taxation and social security 102,755 34,351
Other creditors 15,147 2,100
121,077 54,891