The 5th Element Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 08339206 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 1 January 2015 to 31 March 2016

for

The 5th Element Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

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

2

8,912

9,495

CURRENT ASSETS

Debtors

13,518

466

Cash at bank

13,391

22,827

26,909

23,293

CREDITORS

Amounts falling due within one year

31,289

29,730

NET CURRENT LIABILITIES

(4,380

)

(6,437

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,532

3,058

CAPITAL AND RESERVES

Called up share capital

3

1,000

Profit and loss account

3,532

2,058

SHAREHOLDERS' FUNDS

4,532

3,058

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 19 October 2016 and were signed on its behalf
by:

A Bellini - Director

F Urso - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding 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

-

25% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

14,224

Additions

3,965

At 31 March 2016

18,189

DEPRECIATION

At 1 January 2015

4,729

Charge for period

4,548

At 31 March 2016

9,277

NET BOOK VALUE

At 31 March 2016

8,912

At 31 December 2014

9,495

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.12.14

value:

£

1,000

Ordinary

£1

1,000