IRIS Accounts Production v24.3.0.553 06563839 Board of Directors 1.5.23 30.4.24 30.4.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh065638392023-04-30065638392024-04-30065638392023-05-012024-04-30065638392022-04-30065638392022-05-012023-04-30065638392023-04-3006563839ns15:EnglandWales2023-05-012024-04-3006563839ns14:PoundSterling2023-05-012024-04-3006563839ns10:Director12023-05-012024-04-3006563839ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3006563839ns10:SmallEntities2023-05-012024-04-3006563839ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3006563839ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3006563839ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3006563839ns10:FullAccounts2023-05-012024-04-3006563839ns10:Director22023-05-012024-04-3006563839ns10:RegisteredOffice2023-05-012024-04-3006563839ns5:CurrentFinancialInstruments2024-04-3006563839ns5:CurrentFinancialInstruments2023-04-3006563839ns5:ShareCapital2024-04-3006563839ns5:ShareCapital2023-04-3006563839ns5:RetainedEarningsAccumulatedLosses2024-04-3006563839ns5:RetainedEarningsAccumulatedLosses2023-04-3006563839ns5:FurnitureFittings2023-05-012024-04-3006563839ns5:FurnitureFittings2023-04-3006563839ns5:FurnitureFittings2024-04-3006563839ns5:FurnitureFittings2023-04-30
REGISTERED NUMBER: 06563839 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30th April 2024

for

Element Five Consulting Ltd

Element Five Consulting Ltd (Registered number: 06563839)






Contents of the Financial Statements
for the year ended 30th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Element Five Consulting Ltd

Company Information
for the year ended 30th April 2024







DIRECTORS: Mr S P Morris
Mrs T H Morris





REGISTERED OFFICE: 2 Banham Walk
Wilton Road
Feltwell
Thetford
Norfolk
IP26 4AG





REGISTERED NUMBER: 06563839 (England and Wales)





ACCOUNTANTS: TWR Accountants
The Old Registrars
57a High Street
Brandon
Suffolk
IP27 0AU

Element Five Consulting Ltd (Registered number: 06563839)

Balance Sheet
30th April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 570 671

CURRENT ASSETS
Debtors 5 - 387

CREDITORS
Amounts falling due within one year 6 20,587 20,626
NET CURRENT LIABILITIES (20,587 ) (20,239 )
TOTAL ASSETS LESS CURRENT LIABILITIES (20,017 ) (19,568 )

PROVISIONS FOR LIABILITIES 245 245
NET LIABILITIES (20,262 ) (19,813 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (20,362 ) (19,913 )
SHAREHOLDERS' FUNDS (20,262 ) (19,813 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

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 29th November 2024 and were signed on its behalf by:



Mr S P Morris - Director


Element Five Consulting Ltd (Registered number: 06563839)

Notes to the Financial Statements
for the year ended 30th April 2024

1. STATUTORY INFORMATION

Element Five 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.

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends upon an improvement in the company's trading position and continued financial support from its directors. The financial statements do not include any adjustments that would result if such support is not continuing.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

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 - NIL).

Element Five Consulting Ltd (Registered number: 06563839)

Notes to the Financial Statements - continued
for the year ended 30th April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st May 2023
and 30th April 2024 3,116
DEPRECIATION
At 1st May 2023 2,445
Charge for year 101
At 30th April 2024 2,546
NET BOOK VALUE
At 30th April 2024 570
At 30th April 2023 671

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax - 387

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 84 -
VAT 624 624
Directors' loan accounts 19,627 19,780
Accrued expenses 252 222
20,587 20,626

7. ULTIMATE CONTROLLING PARTY

The Company is controlled by Mr S P Morris