REGISTERED NUMBER: 07707780 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Elemental CoSec Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N Lindsay

D S Patel

T Latham

K L Owen

REGISTERED OFFICE:

27 Old Gloucester Street

London

WC1N 3AX

REGISTERED NUMBER:

07707780 (England and Wales)

ACCOUNTANTS:

Elemental CoSec Limited

27 Old Gloucester Street

London

WC1N 3AX

FIXED ASSETS

Intangible assets

4

64,268

1,324

Tangible assets

5

22,477

38,160

Investments

6

4

4

86,749

39,488

CURRENT ASSETS

Debtors

7

2,038,997

1,672,021

Cash at bank

1,241,271

1,295,232

3,280,268

2,967,253

CREDITORS

Amounts falling due within one year

8

1,559,947

1,768,394

NET CURRENT ASSETS

1,720,321

1,198,859

TOTAL ASSETS LESS CURRENT LIABILITIES

1,807,070

1,238,347

CREDITORS

Amounts falling due after more than one year

9

5,619

9,540

NET ASSETS

1,801,451

1,228,807

CAPITAL AND RESERVES

Called up share capital

30

30

Retained earnings

1,801,421

1,228,777

1,801,451

1,228,807

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

The members have not required the company to obtain an audit of its financial statements for the year 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.

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 23 December 2025 and were signed on its behalf by:

D S Patel - Director

1.	STATUTORY INFORMATION

Elemental CoSec 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment: 3 years

Office equipment: 5 years

Buildings: 10 years

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2024 - 39 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

4,452

Additions

63,835

At 31 March 2025

68,287

AMORTISATION

At 1 April 2024

3,128

Charge for year

891

At 31 March 2025

4,019

NET BOOK VALUE

At 31 March 2025

64,268

At 31 March 2024

1,324

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

23,887

66,483

90,370

Additions

-

15,964

15,964

Disposals

(23,887

)

-

(23,887

)

At 31 March 2025

-

82,447

82,447

DEPRECIATION

At 1 April 2024

8,958

43,252

52,210

Charge for year

2,388

16,718

19,106

Eliminated on disposal

(11,346

)

-

(11,346

)

At 31 March 2025

-

59,970

59,970

NET BOOK VALUE

At 31 March 2025

-

22,477

22,477

At 31 March 2024

14,929

23,231

38,160

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 April 2024

and 31 March 2025

4

NET BOOK VALUE

At 31 March 2025

4

At 31 March 2024

4

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

1,944,187

1,672,021

Other debtors

94,810

-

2,038,997

1,672,021

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

42,850

21,010

Amounts owed to group undertakings

4

463,754

Taxation and social security

1,244,722

1,058,984

Other creditors

272,371

224,646

1,559,947

1,768,394

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Taxation and social security

5,619

9,540

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

£

Within one year

8,954

8,954

Between one and five years

1,492

10,446

10,446

19,400