2023-01-01 2023-12-31 false Capium Accounts Production 1.1 13559065 bus:AbridgedAccounts 2023-01-01 2023-12-31 13559065 bus:FRS102 2023-01-01 2023-12-31 13559065 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 13559065 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13559065 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13559065 2023-01-01 2023-12-31 13559065 2023-12-31 13559065 bus:RegisteredOffice 2023-01-01 2023-12-31 13559065 core:WithinOneYear 2023-12-31 13559065 core:AfterOneYear 2023-12-31 13559065 bus:Director1 2023-01-01 2023-12-31 13559065 bus:Director1 2023-12-31 13559065 bus:Director1 2021-08-10 2022-12-31 13559065 bus:Director2 2023-01-01 2023-12-31 13559065 bus:Director2 2023-12-31 13559065 bus:Director2 2021-08-10 2022-12-31 13559065 2021-08-10 13559065 bus:LeadAgentIfApplicable 2023-01-01 2023-12-31 13559065 2021-08-10 2022-12-31 13559065 2022-12-31 13559065 core:WithinOneYear 2022-12-31 13559065 core:AfterOneYear 2022-12-31 13559065 bus:EntityAccountantsOrAuditors 2021-08-10 2022-12-31 13559065 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 13559065 bus:OrdinaryShareClass1 2023-12-31 13559065 bus:OrdinaryShareClass1 2021-08-10 2022-12-31 13559065 bus:OrdinaryShareClass1 2022-12-31 13559065 core:LandBuildings 2023-01-01 2023-12-31 13559065 core:LandBuildings 2023-12-31 13559065 core:LandBuildings 2022-12-31 13559065 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-12-31 13559065 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-12-31 13559065 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 13559065 core:CostValuation core:Non-currentFinancialInstruments 2022-12-31 13559065 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-12-31 13559065 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-12-31 13559065 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-12-31 13559065 core:Non-currentFinancialInstruments 2023-12-31 13559065 core:Non-currentFinancialInstruments 2022-12-31 13559065 core:ShareCapital 2023-12-31 13559065 core:ShareCapital 2022-12-31 13559065 core:RetainedEarningsAccumulatedLosses 2023-12-31 13559065 core:RetainedEarningsAccumulatedLosses 2022-12-31 13559065 dpl:Item1 2023-01-01 13559065 dpl:Item1 2023-12-31 13559065 dpl:Item1 2021-08-10 13559065 dpl:Item1 2022-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 13559065
England and Wales

 

 

 

ELEMENTS RENTAL LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 January 2023

End date: 31 December 2023
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 360,948    360,948 
360,948    360,948 
Current assets      
Debtors 1,673    1,673 
Cash at bank and in hand 1,389    358 
3,062    2,031 
Creditors: amount falling due within one year (98,096)   (104,159)
Net current assets (95,034)   (102,128)
 
Total assets less current liabilities 265,914    258,820 
Creditors: amount falling due after more than one year (256,995)   (256,995)
Net assets 8,919    1,825 
 

Capital and reserves
     
Called up share capital 4 2    2 
Profit and loss account 8,917    1,823 
Shareholders' funds 8,919    1,825 
 


For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 11 September 2024 and were signed on its behalf by:


-------------------------------
Vishal GUPTA
Director
1
General Information
ELEMENTS RENTAL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13559065, registration address 27 Barnhill, Pinner, HA5 2SY.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
2.

Average number of employees

Average number of employees during the year was 0 (2022 : 0).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Total
  £   £
At 01 January 2023 360,948    360,948 
Additions  
Disposals  
At 31 December 2023 360,948    360,948 
Depreciation
At 01 January 2023  
Charge for year  
On disposals  
At 31 December 2023  
Net book values
Closing balance as at 31 December 2023 360,948    360,948 
Opening balance as at 01 January 2023 360,948    360,948 

The net book value of Land and Buildings includes £ 360,948 (2022 £360,948) in respect of assets leased under finance leases or hire purchase contracts.

4.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
2 Class A shares of £1.00 each  
 

2