Company Registration No. 5541143 (England and Wales)
Elements of Life Ltd
Unaudited accounts
for the year ended 31 August 2024
Elements of Life Ltd
Unaudited accounts
Contents
Elements of Life Ltd
Company Information
for the year ended 31 August 2024
Company Number
5541143 (England and Wales)
Registered Office
4th Floor
15 Porter Street
Liverpool
L3 7BL
England
Accountants
Henshaws Accountants
Office 7
37-39 Shakespeare Street
Southport
PR8 5AB
Elements of Life Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
2,987
3,808
Cash at bank and in hand
125,095
42,305
Creditors: amounts falling due within one year
(102,918)
(32,655)
Net current assets
22,177
9,650
Called up share capital
100
100
Profit and loss account
25,064
13,358
Shareholders' funds
25,164
13,458
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 May 2025 and were signed on its behalf by
D Nixon
Director
Company Registration No. 5541143
Elements of Life Ltd
Notes to the Accounts
for the year ended 31 August 2024
Elements of Life Ltd is a private company, limited by shares, registered in England and Wales, registration number 5541143. The registered office is 4th Floor, 15 Porter Street, Liverpool, L3 7BL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Fixtures & fittings
15% Straight Line
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 September 2023
16,669
3,000
19,669
At 31 August 2024
16,669
3,000
19,669
At 1 September 2023
15,186
675
15,861
Charge for the year
371
450
821
At 31 August 2024
15,557
1,125
16,682
At 31 August 2024
1,112
1,875
2,987
At 31 August 2023
1,483
2,325
3,808
Elements of Life Ltd
Notes to the Accounts
for the year ended 31 August 2024
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
1,305
1,305
Trade creditors
76,871
608
Taxes and social security
1,142
999
Loans from directors
9,662
28,343
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).