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REGISTERED NUMBER: 04429265 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Elements M&E Contracting Ltd

Elements M&E Contracting Ltd (Registered number: 04429265)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Elements M&E Contracting Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: A Owen
R Owen





REGISTERED OFFICE: 67 Westow Street
Upper Norwood
London
SE19 3RW





REGISTERED NUMBER: 04429265 (England and Wales)





ACCOUNTANTS: Thornton Springer LLP
Chartered Accountants
67 Westow Street
London
SE19 3RW

Elements M&E Contracting Ltd (Registered number: 04429265)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 54,727 34,849
54,727 34,849

CURRENT ASSETS
Stocks 4,250 4,500
Debtors 7 716,119 1,264,121
Cash at bank 847,270 245
1,567,639 1,268,866
CREDITORS
Amounts falling due within one year 8 (538,279 ) (641,823 )
NET CURRENT ASSETS 1,029,360 627,043
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,084,087

661,892

CREDITORS
Amounts falling due after more than one year 9 (10,024 ) (20,022 )

PROVISIONS FOR LIABILITIES 10 (13,682 ) (8,712 )
NET ASSETS 1,060,381 633,158

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 1,060,379 633,156
SHAREHOLDERS' FUNDS 1,060,381 633,158

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

Elements M&E Contracting Ltd (Registered number: 04429265)

Balance Sheet - continued
31 May 2024


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 19 August 2024 and were signed on its behalf by:





R Owen - Director


Elements M&E Contracting Ltd (Registered number: 04429265)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Elements M&E Contracting 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

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.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Elements M&E Contracting Ltd (Registered number: 04429265)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

3. ACCOUNTING POLICIES - continued
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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 15 ) .

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2023
and 31 May 2024 11,000
AMORTISATION
At 1 June 2023
and 31 May 2024 11,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

Elements M&E Contracting Ltd (Registered number: 04429265)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 June 2023 80,902 30,866 47,535 159,303
Additions 704 6,116 45,900 52,720
Disposals (60,608 ) (11,862 ) (22,000 ) (94,470 )
At 31 May 2024 20,998 25,120 71,435 117,553
DEPRECIATION
At 1 June 2023 66,103 21,989 36,362 124,454
Charge for year 3,101 4,261 8,246 15,608
Eliminated on disposal (56,335 ) (11,464 ) (9,437 ) (77,236 )
At 31 May 2024 12,869 14,786 35,171 62,826
NET BOOK VALUE
At 31 May 2024 8,129 10,334 36,264 54,727
At 31 May 2023 14,799 8,877 11,173 34,849

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 388,294 620,359
Amounts recoverable on contract 251,037 437,484
Other debtors 76,788 206,278
716,119 1,264,121

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 9,976 9,978
Trade creditors 281,374 493,594
Taxation and social security 160,002 126,679
Other creditors 86,927 11,572
538,279 641,823

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 10,024 20,022

Elements M&E Contracting Ltd (Registered number: 04429265)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

10. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 13,682 8,712

Deferred
tax
£   
Balance at 1 June 2023 8,712
Charge to Income Statement during year 4,970
Balance at 31 May 2024 13,682

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
2 Ordinary £1 2 2