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REGISTERED NUMBER: 13287765 (England and Wales)















ELEMENTAL TECHNOLOGIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2024






ELEMENTAL TECHNOLOGIES LIMITED (REGISTERED NUMBER: 13287765)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ELEMENTAL TECHNOLOGIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: R Cox
L J Cottingham





REGISTERED OFFICE: Carriage Court
Welbeck Estate
Worksop
Nottinghamshire
S80 3LR





REGISTERED NUMBER: 13287765 (England and Wales)





ACCOUNTANTS: Smith Craven
The Turbine
Shireoaks Triangle
Coach Close
Worksop
Nottinghamshire
S81 8AP

ELEMENTAL TECHNOLOGIES LIMITED (REGISTERED NUMBER: 13287765)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,032 5,014

CURRENT ASSETS
Debtors 5 160,650 239,377
Cash at bank 3,592 20,510
164,242 259,887
CREDITORS
Amounts falling due within one year 6 38,591 1,015,291
NET CURRENT ASSETS/(LIABILITIES) 125,651 (755,404 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

128,683

(750,390

)

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 128,583 (750,490 )
SHAREHOLDERS' FUNDS 128,683 (750,390 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 28 February 2025 and were signed on its behalf by:





R Cox - Director


ELEMENTAL TECHNOLOGIES LIMITED (REGISTERED NUMBER: 13287765)

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


1. STATUTORY INFORMATION

Elemental Technologies 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.

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.

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 etc - 25% on cost

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

Going concern
The financial statements have been prepared on a going concern basis. The company incurred a loss (pre tax and exceptional items) of £316,226 for the year ended 31 March 2024. At the balance sheet date due the the write off of amounts owed to connected companies, the balance sheet had reserves of £128,683.

The directors consider that the going concern basis is appropriate due to the continuing support of the directors and related parties.

ELEMENTAL TECHNOLOGIES LIMITED (REGISTERED NUMBER: 13287765)

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


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 7,929
DEPRECIATION
At 1 April 2023 2,915
Charge for year 1,982
At 31 March 2024 4,897
NET BOOK VALUE
At 31 March 2024 3,032
At 31 March 2023 5,014

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 160,650 239,377

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 7,809 55,544
Taxation and social security 5,718 10,029
Other creditors 25,064 949,718
38,591 1,015,291

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 4,950 4,950

ELEMENTAL TECHNOLOGIES LIMITED (REGISTERED NUMBER: 13287765)

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


8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

Effective Energy Group Limited

Effective Energy Group Limited is a Company under common control.

In the period to 31 March 2024, Effective Energy Group recharged costs totalling £2,530 to Elemental Technologies Limited.

Included in creditors amounts falling due within one year is a loan payable to Effective Energy group Limited, the balance outstanding at 31 March 2024 is £Nil (2023 £532,173). No interest was charged in the year.

Since the Balance Sheet date Effective Energy Group Ltd has recognised a provision for the full amount of the loan as an irrecoverable amount as disclosed in note 12


Effective Energy Solutions Limited

Effective Energy Solutions is a Company under common control.

In the period to 31 March 2024, Effective Energy Solutions recharged costs totalling £18,817 to Elemental Technologies Limited.

Included in creditors amounts falling due within one year is £Nil (2023 £379,442) due to Effective Energy Solutions Limited. No interest was charged in the year.

Since the Balance Sheet date Effective Energy Solutions Ltd has recognised a provision for the full amount of the loan as an irrecoverable amount as disclosed in note 12


Effective Home Limited

Effective Home Limited is a Company under common control.

Included in creditors amounts falling due within one year is a loan payable to Effective Home Limited, the balance outstanding at 31 March 2024 is £Nil (2023 £30,000). No interest was charged in the year

Post Year End Effective Home Ltd reassigned its debt due from Elemental Technologies Ltd to Effective Energy Solutions Ltd.

10. POST BALANCE SHEET EVENTS

On 28 October 2024 Effective Energy Group Limited commenced a group restructuring and as part of this process various amounts owed to related companies of Elemental Technologies Limited were recognised as irrecoverable. The total amount deemed irrecoverable was £1,164,292, per note 5..

ELEMENTAL TECHNOLOGIES LIMITED (REGISTERED NUMBER: 13287765)

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


11. ULTIMATE CONTROLLING PARTY

R J Cox and L J Cottingham are regarded as the ultimate controlling parties of the company by virtue of their shareholdings.