REGISTERED NUMBER: 11220889 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

FOR

ELEMENTS TOPSIDE AND SUBSEA

INTERNATIONAL CONSULTANCY LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr D Lawson

REGISTERED OFFICE:

The Tower

Daltongate Business Centre

Daltongate

Ulverston

Cumbria

LA12 7AJ

REGISTERED NUMBER:

11220889 (England and Wales)

BANKERS:

Revolut Business

7 Westferry Circus

London

E14 4HD

FIXED ASSETS

Tangible assets

4

-

8

CURRENT ASSETS

Debtors

64,808

72,937

Cash at bank

251

12,575

65,059

85,512

CREDITORS

Amounts falling due within one year

65,049

73,744

NET CURRENT ASSETS

10

11,768

TOTAL ASSETS LESS CURRENT LIABILITIES

10

11,776

CREDITORS

Amounts falling due after more than one year

-

11,710

NET ASSETS

10

66

CAPITAL AND RESERVES

Called up share capital

6

2

2

Retained earnings

8

64

SHAREHOLDERS' FUNDS

10

66

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 February 2026 in accordance with Section 444(2A) of the Companies Act 2006.

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 director and authorised for issue on 16 October 2026 and were signed by:

Mr D Lawson - Director

1.	STATUTORY INFORMATION

Elements Topside and Subsea International Consultancy 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents net invoiced sales of services, excluding VAT.

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

-

33% on cost

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 March 2025

and 28 February 2026

1,622

DEPRECIATION

At 1 March 2025

1,614

Charge for year

8

At 28 February 2026

1,622

NET BOOK VALUE

At 28 February 2026

-

At 28 February 2025

8

5.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.26

28.2.25

£

£

Bounce back loan

11,500

11,710

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.26

28.2.25

value:

£

£

2

Ordinary

£1

2

2

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2026 and 28 February 2025:

28.2.26

28.2.25

£

£

Mr D Lawson

Balance outstanding at start of year

57,937

92,820

Amounts advanced

64,808

57,937

Amounts repaid

(57,937

)

(92,820

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

64,808

57,937

During the financial year the director was charged £2,259 (2024: £1,677) interest on the loan which is unsecured and repayable on demand.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr D Lawson.