Elemec Limited - Accounts

Elemec Limited - Accounts

ELEMEC LIMITED - Company Information

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Registered Number: 02660683
England and Wales

 

 

 


Abridged Accounts

for the year ended 30 November 2018

for

ELEMEC LIMITED

Elemec Limited
Contents Page
For the year ended 30 November 2018
Accountant’s report
You consider that the company is exempt from an audit for the year ended 30 November 2018 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Brumijan Ltd t/a all about accounting
30 November 2018



....................................................
Brumijan Ltd t/a all about accounting
West Gate Lodge
Cams Hall Estate
Fareham
PO16 8UP
30 August 2019
1
 
 		 Notes
 		 2018
£		   2017
£
Fixed assets      
Tangible fixed assets 2 25,233    6,605 
25,233    6,605 
Current assets      
Debtors: amounts falling due within one year 11,679    39,632 
Cash at bank and in hand 23,049    5,191 
34,728    44,823 
Creditors: amount falling due within one year (26,525)   (34,600)
Net current assets 8,203    10,223 
 
Total assets less current liabilities 33,436    16,828 
Creditors: amount falling due after more than one year (28,628)   0 
Provisions for liabilities 0    (1,321)
Net assets 4,808    15,507 
 

Capital and reserves 		     
Called up share capital 3 1,000    1,000 
Profit and loss account 3,808    14,507 
Shareholders funds 4,808    15,507 
 


For the year ended 30 November 2018 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 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 Part 15 of the Companies Act 2006. In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
Signed on behalf of the board of directors


--------------------------------
Mr P Farmery
Director

Date approved by the board: 30 August 2019
2
General Information
Elemec Limited is a private company, limited by shares, registered in England and Wales, registration number 02660683, registration address WEST GATE LODGE, CAMS HALL ESTATE, FAREHAM, HAMPSHIRE, PO16 8UP.

The presentation currency is £ sterling
1.

Accounting Policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Deferred taxation
Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 25 Reducing Balance
Computer Equipment 20 Reducing Balance
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Tangible fixed assets

Cost Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 December 2017 33,530    7,111    850    41,491 
Additions 31,605    -    -    31,605 
Disposals -    -    -    - 
At 30 November 2018 65,135    7,111    850    73,096 
Depreciation
At 01 December 2017 28,837    5,950    99    34,886 
Charge for year 12,594    232    151    12,977 
On disposals -    -    -    - 
At 30 November 2018 41,431    6,182    250    47,863 
Net book values
Closing balance as at 30 November 2018 23,704    929    600    25,233 
Opening balance as at 01 December 2017 4,693    1,161    751    6,605 


3.

Share Capital

Allotted
2018
£		   2017
£
1,000 Class A shares of £1.00 each 1,000    1,000 
1,000    1,000 

3