Element Partnership Limited Accounts

ELEMENT PARTNERSHIP LIMITED - Company Information






Element Partnership Limited
	Company No. 09323554
		Information for Filing with The Registrar
		31 March 2017

The Directors present their report and the accounts for the year ended 31 March 2017.

Principal activities
The principal activity of the company during the year under review was . consultancy.




Directors

The Directors who served at any time during the year were as follows:

Johanna Morrell
Rhodri Samuel


































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

Johanna Morrell
Director
29 December 2017

at	31 March 2017

Company No.		09323554	Notes	2017	2016
				£	£
Fixed assets

	Tangible assets		2	967	-


				967	-
Current assets



	Cash at bank and in hand			3,396	18,140
				3,396	18,140
Creditors: Amount falling due within one year			3	(753)	(4,008)
Net current assets				2,643	14,132
Total assets less current liabilities				3,610	14,132




Net assets				3,610	14,132

Capital and reserves
	Called up share capital			100	100



	Profit and loss account		4	3,510	14,032

Total equity				3,610	14,132


These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 March 2017 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.

As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 29 December 2017

And signed on its behalf by:

Johanna Morrell
Director
29 December 2017

for the year ended 31 March 2017

Accounting policies

Basis of preparation

The accounts have been prepared in accordance with FRS 102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Companies Act 2006 . There were no material departures from that standard.

The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the accounting policies set out below.

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2	Tangible fixed assets
			Plant and machinery	Total
			£	£
		Cost or revaluation

		Additions	1,289	1,289



		At 31 March 2017	1,289	1,289
		Depreciation

		Charge for the year	322	322



		At 31 March 2017	322	322
		Net book values
		At 31 March 2017	967	967

3	Creditors:
		amounts falling due within one year
			2017	2016
			£	£






		Corporation tax	253	3,508



		Accruals and deferred income	500	500
			753	4,008

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

5	Dividends
			2017	2016
			£	£
		Dividends for the period:
		Dividends paid in the period	12,500	-

			12,500	-

		Dividends by type:

		Equity dividends	12,500	-
			12,500	-

Related party disclosures

Controlling party

Immediate controlling party

No single party controls the company.

Additional information

Its registered number is:

09323554

Its registered office is:

6 Lower Park Row

Bristol

BS1 5BJ