Element Sustainability Ltd - Period Ending 2016-09-30

Registration number: 07766058

Element Sustainability Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2015
 

HML Davies Limited
Chartered Certified Accountants
9 Riverside
Waters Meeting Road
Bolton
BL1 8TU

Element Sustainability Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Element Sustainability Ltd
(Registration number: 07766058)
Abbreviated Balance Sheet at 30 September 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets		2			971			-
Current assets
Debtors					61,883			67,854
Cash at bank and in hand					83,749			44,676
					145,632			112,530
Creditors: Amounts falling due within one year					(80,166)			(63,212)
Net current assets					65,466			49,318
Net assets					66,437			49,318
Capital and reserves
Called up share capital		3			200			100
Profit and loss account					66,237			49,218
Shareholders' funds					66,437			49,318

For the year ending 30 September 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 22 June 2016 and signed on its behalf by:

.........................................
Mr L J Wills
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
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Element Sustainability Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 September 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	25% reducing balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		1,294			1,294
At 30 September 2015		1,294			1,294
Depreciation
Charge for the year		323			323
At 30 September 2015		323			323
Net book value
At 30 September 2015		971			971

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Element Sustainability Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 September 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100
Ordinary A shares of £1 (2014 - £0.00) each		100			100			-			-
		200			200			100			100

New shares allotted

During the year 100 Ordinary A shares having an aggregate nominal value of £100 were allotted for an aggregate consideration of £100.

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