Elementaldocs Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11896163 (England and Wales)

Unaudited Financial Statements

for the Period 21 March 2019 to 31 March 2020

for

Elementaldocs Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R D Howell

Dr H M Joy

REGISTERED OFFICE:

Solent House

107a Alma Road

Portswood

Southampton

SO14 6UY

REGISTERED NUMBER:

11896163 (England and Wales)

ACCOUNTANTS:

Thomas Croft Limited

Accountants And Taxation Consultants

Solent House

107a Alma Road

Portswood

Southampton

Hampshire

SO14 6UY

FIXED ASSETS

Intangible assets

4

32,000

CURRENT ASSETS

Debtors

5

6,266

Cash at bank

36,879

43,145

CREDITORS

Amounts falling due within one year

6

52,961

NET CURRENT LIABILITIES

(9,816

)

TOTAL ASSETS LESS CURRENT LIABILITIES

22,184

CAPITAL AND RESERVES

Called up share capital

7

200

Retained earnings

8

21,984

SHAREHOLDERS' FUNDS

22,184

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2020 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 11 March 2021 and were signed on its behalf by:

Mr R D Howell - Director

Dr H M Joy - Director

1.	STATUTORY INFORMATION

Elementaldocs Ltd 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

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.

Taxation

Taxation for the period 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

40,000

At 31 March 2020

40,000

AMORTISATION

Amortisation for period

8,000

At 31 March 2020

8,000

NET BOOK VALUE

At 31 March 2020

32,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

6,131

Prepayments

135

6,266

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Corporation tax

7,971

Directors' current accounts

43,970

Accrued expenses

1,020

52,961

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary A

£1

100

100

Ordinary B

£1

100

200

8.

RESERVES

Retained

earnings

£

Profit for the period

25,984

Dividends

(4,000

)

At 31 March 2020

21,984

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 March 2020:

£

Mr R D Howell

Balance outstanding at start of period

-

Amounts advanced

5,886

Amounts repaid

(27,649

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

(21,763

)

Dr H M Joy

Balance outstanding at start of period

-

Amounts advanced

2,016

Amounts repaid

(24,223

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

(22,207

)

10.	RELATED PARTY DISCLOSURES

The company was under the control of Mr R Howell and Dr H Joy throughout the period. Mr R Howell and Dr H Joy are the managing directors and majority shareholders.

No transactions with related parties were undertaken such as are required to be disclosed under Section 1a (Small Entities) for Financial Reporting Standard 102.