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ELEMENTAL BUILD LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






ELEMENTAL BUILD LIMITED (REGISTERED NUMBER: 10995333)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELEMENTAL BUILD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: L J Merrin





REGISTERED OFFICE: 2 Broadhill Road
Kegworth
Derby
Derbyshire
DE74 2DQ





REGISTERED NUMBER: 10995333 (England and Wales)





ACCOUNTANTS: Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS

ELEMENTAL BUILD LIMITED (REGISTERED NUMBER: 10995333)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,349 50,548

CURRENT ASSETS
Debtors 5 322,026 139,099
Cash at bank 112,047 37,233
434,073 176,332
CREDITORS
Amounts falling due within one year 6 365,083 187,082
NET CURRENT ASSETS/(LIABILITIES) 68,990 (10,750 )
TOTAL ASSETS LESS CURRENT LIABILITIES 105,339 39,798

CREDITORS
Amounts falling due after more than one year 7 (77,282 ) (43,217 )

PROVISIONS FOR LIABILITIES 9 (9,800 ) (1,800 )
NET ASSETS/(LIABILITIES) 18,257 (5,219 )

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 18,256 (5,220 )
SHAREHOLDERS' FUNDS 18,257 (5,219 )

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

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

ELEMENTAL BUILD LIMITED (REGISTERED NUMBER: 10995333)

BALANCE SHEET - continued
31 OCTOBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 January 2025 and were signed by:





L J Merrin - Director


ELEMENTAL BUILD LIMITED (REGISTERED NUMBER: 10995333)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Elemental Build Limited 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. 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

ELEMENTAL BUILD LIMITED (REGISTERED NUMBER: 10995333)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


2. ACCOUNTING POLICIES - continued

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

Work in progress is valued at cost plus attributable profits where appropriate, less foreseeable losses. This is the value of work done as reflected in turnover. For contracts where the value of work done exceeds progress payments, the excess is included in debtors as amounts recoverable on contracts. For contracts where progress payments exceed the value of work done, the excess is included in creditors as payments on account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2023 14,194 10,457 61,259 85,910
Additions - 1,278 - 1,278
Disposals (5,394 ) (5,794 ) - (11,188 )
At 31 October 2024 8,800 5,941 61,259 76,000
DEPRECIATION
At 1 November 2023 7,749 5,652 21,961 35,362
Charge for year 1,611 1,259 9,825 12,695
Eliminated on disposal (4,215 ) (4,191 ) - (8,406 )
At 31 October 2024 5,145 2,720 31,786 39,651
NET BOOK VALUE
At 31 October 2024 3,655 3,221 29,473 36,349
At 31 October 2023 6,445 4,805 39,298 50,548

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 299,431 134,971
Other debtors 22,595 4,128
322,026 139,099

ELEMENTAL BUILD LIMITED (REGISTERED NUMBER: 10995333)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 59,829 33,202
Hire purchase contracts 5,701 13,682
Trade creditors 139,952 74,944
Taxation and social security 97,214 16,955
Other creditors 62,387 48,299
365,083 187,082

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 77,282 37,516
Hire purchase contracts - 5,701
77,282 43,217

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 137,111 -
Hire purchase contracts 5,701 19,383
142,812 19,383

Liabilities under finance leases and hire purchase agreements are secured on the individual assets concerned
Bank loans are secured by way of personal guarantees made by the director.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 9,800 1,800

Deferred
tax
£   
Balance at 1 November 2023 1,800
Provided during year 8,000
Balance at 31 October 2024 9,800

ELEMENTAL BUILD LIMITED (REGISTERED NUMBER: 10995333)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1