Wind Elements Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06618137 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2018

for

Wind Elements Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr D J Smail

REGISTERED OFFICE:

North East Suffolk Business Centre

Pinbush Road

Gisleham

Lowestoft

Suffolk

NR33 7NQ

REGISTERED NUMBER:

06618137 (England and Wales)

ACCOUNTANTS:

DMG Accountants

North East Suffolk Business Centre

Pinbush Road

Gisleham

Lowestoft

Suffolk

NR33 7NQ

BANKERS:

Natwest

Direct Business Banking

PO Box 4115

Horchurch

Essex

RM12 4DF

FIXED ASSETS

Tangible assets

4

774

1,032

CURRENT ASSETS

Debtors

5

451,094

380,321

Cash at bank

19,589

12,487

470,683

392,808

CREDITORS

Amounts falling due within one year

6

170,888

114,068

NET CURRENT ASSETS

299,795

278,740

TOTAL ASSETS LESS CURRENT LIABILITIES

300,569

279,772

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

300,469

279,672

SHAREHOLDERS' FUNDS

300,569

279,772

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the director on 14 August 2018 and were signed by:

Mr D J Smail - Director

1.	STATUTORY INFORMATION

Wind Elements 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Taxation

Taxation for the year 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.

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 year 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 July 2017

and 30 June 2018

1,172

8,404

3,646

13,222

DEPRECIATION

At 1 July 2017

1,052

7,492

3,646

12,190

Charge for year

30

228

-

258

At 30 June 2018

1,082

7,720

3,646

12,448

NET BOOK VALUE

At 30 June 2018

90

684

-

774

At 30 June 2017

120

912

-

1,032

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

29,094

28,321

Amounts owed by participating interests

422,000

352,000

451,094

380,321

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Taxation and social security

33,180

35,026

Other creditors

137,708

79,042

170,888

114,068

7.	ULTIMATE CONTROLLING PARTY

The controlling party and the ultimate controlling party are not known.