The 5th Element Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08339206 (England and Wales)

Unaudited Financial Statements

for the Period 1 April 2018 to 30 March 2019

for

The 5th Element Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Bellini

F Urso

REGISTERED OFFICE:

6a St Andrews Court

Wellington Street

Thame

Oxfordshire

OX9 3WT

REGISTERED NUMBER:

08339206 (England and Wales)

ACCOUNTANTS:

Fizz Accounting Limited

6a St Andrews Court

Wellington Street

Thame

Oxfordshire

OX9 3WT

FIXED ASSETS

Tangible assets

4

2,183

3,993

CURRENT ASSETS

Debtors

79,957

1,135

Cash at bank

18,824

11,088

98,781

12,223

CREDITORS

Amounts falling due within one year

96,865

8,530

NET CURRENT ASSETS

1,916

3,693

TOTAL ASSETS LESS CURRENT LIABILITIES

4,099

7,686

CREDITORS

Amounts falling due after more than one year

9,609

13,946

NET LIABILITIES

(5,510

)

(6,260

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(6,510

)

(7,260

)

SHAREHOLDERS' FUNDS

(5,510

)

(6,260

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 March 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 March 2019 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.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 30 March 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 30 March 2020 and were signed on its behalf by:

A Bellini - Director

1.	STATUTORY INFORMATION

The 5th 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.	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 and value

added tax.

Tangible fixed assets

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

Plant and machinery etc

-

Straight line over 4 years

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained

Earnings, 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.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and

liabilities, other debtors and creditors and loans from related parties.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2018 - NIL).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2018

21,329

Additions

1,431

At 30 March 2019

22,760

DEPRECIATION

At 1 April 2018

17,336

Charge for period

3,241

At 30 March 2019

20,577

NET BOOK VALUE

At 30 March 2019

2,183

At 31 March 2018

3,993

5.	SECURED DEBTS

The following secured debts are included within creditors:

30.3.19

31.3.18

£

£

Bank loan

13,946

18,000

The loan is secured by way of a personal guarantee from the directors.