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REGISTERED NUMBER: 15892048 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

12 AUGUST 2024 TO 31 MARCH 2025

FOR

UNSET ELEMENT LIMITED

UNSET ELEMENT LIMITED (REGISTERED NUMBER: 15892048)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 12 AUGUST 2024 TO 31 MARCH 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UNSET ELEMENT LIMITED

COMPANY INFORMATION
FOR THE PERIOD 12 AUGUST 2024 TO 31 MARCH 2025







DIRECTORS: Ms J A Sibley
G J Erickson





REGISTERED OFFICE: Cedar Swiffe Farm
Swife Lane
Broad Oak
Heathfield
TN21 8UR





REGISTERED NUMBER: 15892048 (England and Wales)





ACCOUNTANTS: Honey Barrett Limited
Chartered Accountants
Pharmacy Chambers
High Street
Wadhurst
East Sussex
TN5 6AP

UNSET ELEMENT LIMITED (REGISTERED NUMBER: 15892048)

BALANCE SHEET
31 MARCH 2025

Notes £    £   
FIXED ASSETS
Tangible assets 5 664

CURRENT ASSETS
Stocks 6 13,133
Debtors 7 1,369
Cash at bank and in hand 9,888
24,390
CREDITORS
Amounts falling due within one year 8 24,085
NET CURRENT ASSETS 305
TOTAL ASSETS LESS CURRENT
LIABILITIES

969

PROVISIONS FOR LIABILITIES 10 166
NET ASSETS 803

CAPITAL AND RESERVES
Called up share capital 11 2
Retained earnings 801
SHAREHOLDERS' FUNDS 803

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 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.

UNSET ELEMENT LIMITED (REGISTERED NUMBER: 15892048)

BALANCE SHEET - continued
31 MARCH 2025


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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2025 and were signed on its behalf by:




Ms J A Sibley - Director



G J Erickson - Director


UNSET ELEMENT LIMITED (REGISTERED NUMBER: 15892048)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 12 AUGUST 2024 TO 31 MARCH 2025


1. STATUTORY INFORMATION

Unset Element 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Equipment - 20% on cost

All assets are initially recorded at cost.

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

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and conditions.

At each reporting date, an assessment is made for the impairment due to obsolescence or slow movement. Any excess of the carrying amount of stocks over its estimates selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

UNSET ELEMENT LIMITED (REGISTERED NUMBER: 15892048)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 12 AUGUST 2024 TO 31 MARCH 2025


3. ACCOUNTING POLICIES - continued

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, like trade and other accounts receivable and payable, loans from banks and other third parties and loans to / from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the present value of the future cash flows and subsequently measured at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted transaction price less any impairment.

If the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of the estimated cash flows discounted at the asset's original effective rate.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet and measured as detailed above.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Finance costs are charged to the profit and loss over the term of the financial asset / liability using the effective interest method so that the amount charged is at a constant rate on the carrying amount.


UNSET ELEMENT LIMITED (REGISTERED NUMBER: 15892048)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 12 AUGUST 2024 TO 31 MARCH 2025


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 period 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.

Operating leases
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

UNSET ELEMENT LIMITED (REGISTERED NUMBER: 15892048)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 12 AUGUST 2024 TO 31 MARCH 2025


5. TANGIBLE FIXED ASSETS
Equipment
£   
COST
Additions 759
At 31 March 2025 759
DEPRECIATION
Charge for period 95
At 31 March 2025 95
NET BOOK VALUE
At 31 March 2025 664

6. STOCKS
£   
Stocks 13,133

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 994
Prepayments and accrued income 375
1,369

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Corporation tax 83
VAT 670
Directors' current accounts 19,998
Accruals and deferred income 3,334
24,085

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
£   
Within one year 4,775

UNSET ELEMENT LIMITED (REGISTERED NUMBER: 15892048)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 12 AUGUST 2024 TO 31 MARCH 2025


9. LEASING AGREEMENTS - continued

The lease will be reviewed in January 2026.

10. PROVISIONS FOR LIABILITIES
£   
Deferred tax
Accelerated capital allowances 166

Deferred
tax
£   
Charge to Profit and loss account during period 166
Balance at 31 March 2025 166

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
2 Ordinary £1 2

2 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.