2023-03-012024-02-292024-02-29false03917456ESSENTIAL ELEMENTS COMMUNICATIONS 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ESSENTIAL ELEMENTS COMMUNICATIONS LIMITED

Registered Number
03917456
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

ESSENTIAL ELEMENTS COMMUNICATIONS LIMITED
Company Information
for the year from 1 March 2023 to 29 February 2024

Director

SAUNDERS, Paul

Company Secretary

SAUNDERS, Louise Joy

Registered Address

Power Road Studios
Power Road
London
W4 5PY

Registered Number

03917456 (England and Wales)
ESSENTIAL ELEMENTS COMMUNICATIONS LIMITED
Statement of Financial Position
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3460700
460700
Current assets
Debtors-2,798
Cash at bank and on hand38,77943,924
38,77946,722
Creditors amounts falling due within one year4(7,492)(8,393)
Net current assets (liabilities)31,28738,329
Total assets less current liabilities31,74739,029
Provisions for liabilities(200)(200)
Net assets31,54738,829
Capital and reserves
Called up share capital1,0001,000
Profit and loss account30,54737,829
Shareholders' funds31,54738,829
The financial statements were approved and authorised for issue by the Director on 19 November 2024, and are signed on its behalf by:
SAUNDERS, Paul
Director
Registered Company No. 03917456
ESSENTIAL ELEMENTS COMMUNICATIONS LIMITED
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Going concern
The company continues to adopt the going concern basis in preparing its financial statements.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 March 23720
At 29 February 24720
Depreciation and impairment
At 01 March 2320
Charge for year240
At 29 February 24260
Net book value
At 29 February 24460
At 28 February 23700
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables101101
Taxation and social security4,7907,300
Other creditors2,456846
Accrued liabilities and deferred income145146
Total7,4928,393
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.