true
Elementum Limited
03924988
2014-09-30
413767
367465
413917
367615
150
150
413917
367615
1602
1243
415519
368858
407535
362084
111552
143898
519087
505982
259915
203432
259172
302550
7984
6774
7984
6774
Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
The turnover shown in the profit and loss account represents commission and fee income receivable.
Pension costs
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date where transactions or events have occurred at that date that
will result in an obligation to pay more, or a right to pay less or to receive more tax, with
the following exceptions:
Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments)
of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement
assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose
of the assets concerned. However, no provision is made where, on the basis of all available
evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled
over into replacement assets and charged to tax only where the replacement assets are sold.
Deferred tax assets are recognised only to the extent that the directors consider that it is more
likely than not that there will be suitable taxable profits from which the future reversal of the
underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected
to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or
substantively enacted at the balance sheet date.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Plant & Machinery
Reducing Balance Basis
0.1000
Fixtures & Fittings
Reducing Balance Basis
0.1000
Computer equipment
Cost Basis
0.3300
42847
40840
2007
34863
34066
797
42847
40840
2007
34863
34066
797
Ordinary A
2000
1
2000
2000
Ordinary B
2000
1
2000
2000
Ordinary C
2000
1
2000
2000
Ordinary D
2000
1
2000
2000
Ordinary E
2000
1
2000
2000
Ordinary F
2000
1
2000
2000
Ordinary A
1
26
26
26
Ordinary B
1
24
24
24
Ordinary C
1
26
26
26
Ordinary D
1
24
24
24
Ordinary E
1
26
26
26
Ordinary F
1
24
24
24
2015-06-24
Mr P. S. Pearson
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Elementum Limited
2013-10-01
2014-09-30
Elementum Limited
2012-10-01
2013-09-30
Elementum Limited
2012-09-30
Elementum Limited
2013-09-30
Elementum Limited
2013-09-30
Elementum Limited
2014-09-30
2015-06-26