Company Registration No. 12471837 (England and Wales)
Elemental Edge Ltd
Unaudited accounts
for the year ended 28 February 2022
Elemental Edge Ltd
Unaudited accounts
Contents
Elemental Edge Ltd
Company Information
for the year ended 28 February 2022
Company Number
12471837 (England and Wales)
Registered Office
Kemp House
160 City Road
London
EC1V 2NX
United Kingdom
Accountants
Svetlana Makusheva
Flat 1903 Navigation Point
2 Hale Wharf, Ferry Lane
London
N17 9LX
Elemental Edge Ltd
Statement of financial position
as at
28 February 2022
Cash at bank and in hand
9,960
4,361
Creditors: amounts falling due within one year
(9,147)
(4,554)
Net current assets
2,835
4,016
Total assets less current liabilities
3,483
4,560
Creditors: amounts falling due after more than one year
(3,347)
(5,000)
Provisions for liabilities
Net assets/(liabilities)
13
(543)
Called up share capital
100
100
Profit and loss account
(87)
(643)
Shareholders' funds
13
(543)
For the year ending 28 February 2022 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 April 2022 and were signed on its behalf by
Gabriel Both
Director
Company Registration No. 12471837
Elemental Edge Ltd
Notes to the Accounts
for the year ended 28 February 2022
Elemental Edge Ltd is a private company, limited by shares, registered in England and Wales, registration number 12471837. The registered office is Kemp House , 160 City Road, London, EC1V 2NX, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% straight line
Computer equipment
33.3% straight line
Grants are recognised over the period in which the associated costs are incurred.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Elemental Edge Ltd
Notes to the Accounts
for the year ended 28 February 2022
4
Intangible fixed assets
Other
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2021
402
365
767
At 28 February 2022
838
365
1,203
At 1 March 2021
101
122
223
Charge for the year
210
122
332
At 28 February 2022
311
244
555
At 28 February 2022
527
121
648
At 28 February 2021
301
243
544
6
Debtors: amounts falling due within one year
2022
2021
Other debtors
1,257
2,506
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
833
-
Taxes and social security
2,614
1,481
Other creditors
5,700
3,073
Elemental Edge Ltd
Notes to the Accounts
for the year ended 28 February 2022
8
Creditors: amounts falling due after more than one year
2022
2021
9
Share capital
2022
2021
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Loans to the value of £1,257 were given to the director during the year and will be repaid within 9 months 1 day after the year end.
11
Average number of employees
During the year the average number of employees was 1 (2021: 1).