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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
Page
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Elements of Life Ltd Company Information for the year ended 31 August 2024
Directors
D Nixon W Hall
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
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Elements of Life Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,987 
3,808 
Current assets
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 
Net assets
25,164 
13,458 
Capital and reserves
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
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Elements of Life Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 
Depreciation
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 
Net book value
At 31 August 2024
1,112 
1,875 
2,987 
At 31 August 2023
1,483 
2,325 
3,808 
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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 
Accruals
1,600 
1,400 
Deferred income
12,338 
- 
102,918 
32,655 
6
Share capital
2024 
2023 
£ 
£ 
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).
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