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Registered number: 10024265
Elements Commercial Laundry Services Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Footprints Accountancy
CIMA
24 Gander Lane
Barlborough
Chesterfield
S43 4PZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10024265
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 160,927 92,075
160,927 92,075
CURRENT ASSETS
Stocks 5 6,820 7,000
Debtors 6 195,182 175,703
Cash at bank and in hand 166,777 105,474
368,779 288,177
Creditors: Amounts Falling Due Within One Year 7 (210,336 ) (124,398 )
NET CURRENT ASSETS (LIABILITIES) 158,443 163,779
TOTAL ASSETS LESS CURRENT LIABILITIES 319,370 255,854
Creditors: Amounts Falling Due After More Than One Year 8 (59,873 ) (56,764 )
NET ASSETS 259,497 199,090
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 259,397 198,990
SHAREHOLDERS' FUNDS 259,497 199,090
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For the year ending 31 March 2025 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Mark Whitham
Director
5 June 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Elements Commercial Laundry Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10024265 . The registered office is Unit 40 Century Street, Sheffield, S9 5DX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% straight line
Motor Vehicles 25% reducing balance
Fixtures & Fittings 20% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2024 4,100 139,046 8,449 151,595
Additions 67,012 39,000 - 106,012
As at 31 March 2025 71,112 178,046 8,449 257,607
Depreciation
As at 1 April 2024 400 53,430 5,690 59,520
Provided during the period 13,441 23,029 690 37,160
As at 31 March 2025 13,841 76,459 6,380 96,680
Net Book Value
As at 31 March 2025 57,271 101,587 2,069 160,927
As at 1 April 2024 3,700 85,616 2,759 92,075
5. Stocks
2025 2024
£ £
Stocks 6,820 7,000
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 111,575 93,460
Prepayments and accrued income 12,960 11,596
Other debtors 70,647 70,647
195,182 175,703
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 32,871 22,114
Trade creditors 42,273 22,020
Bank loans and overdrafts 6,470 6,470
Corporation tax 18,080 31,515
Other taxes and social security 2,724 -
VAT 25,913 28,576
Net wages - 2,157
Other creditors (1) 66,515 -
Directors' loan accounts 15,490 11,546
210,336 124,398
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8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 57,676 48,248
Bank loans 2,197 8,516
59,873 56,764
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 32,871 22,114
Later than one year and not later than five years 57,676 48,248
90,547 70,362
90,547 70,362
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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