Elchemy Ltd,Ltd - AccountsLtd - Accounts

Elchemy Ltd,Ltd - AccountsLtd - Accounts


2017-09-01 09714722 2018-08-31 09714722 2017-09-01 2018-08-31 09714722 2017-08-31 09714722 2016-09-01 2017-08-31 09714722 uk-core:WithinOneYear 2017-08-31 09714722 uk-core:WithinOneYear 2018-08-31 09714722 uk-core:ShareCapital 2018-08-31 09714722 uk-core:ShareCapital 2017-08-31 09714722 uk-core:RetainedEarningsAccumulatedLosses 2018-08-31 09714722 uk-core:RetainedEarningsAccumulatedLosses 2017-08-31 09714722 uk-bus:Director1 2017-09-01 2018-08-31 09714722 uk-core:ToolsEquipment 2017-09-01 2018-08-31 iso4217:GBP 09714722 uk-bus:AuditExemptWithAccountantsReport 2017-09-01 2018-08-31 09714722 uk-bus:FRS102 2017-09-01 2018-08-31 09714722 uk-bus:FullAccounts 2017-09-01 2018-08-31 09714722 uk-bus:PrivateLimitedCompanyLtd 2017-09-01 2018-08-31
Elchemy Ltd
Registered Number:09714722
For the year ended 31 August 2018
England and Wales
Unaudited Financial Statements
2
As at 31 August 2018
Elchemy Ltd
Statement of Financial Position
Registered Number :
09714722
£
£
2017
2018
Notes
Fixed assets
Property, plant and equipment
362
543
2
362
543
Current assets
Trade and other receivables
732
1,890
3
29,624
Cash and cash equivalents
1,501
3,391
30,356
Trade and other payables: amounts falling due within one
year
(30,805)
(7,733)
4
(449)
(4,342)
Net current liabilities
Total assets less current liabilities
(3,980)
94
(3,980)
Net assets/liabilities
94
Capital and reserves
Called up share capital
3
3
Retained earnings
(3,983)
91
(3,980)
94
Shareholders' funds
For the year ended 31 August 2018 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 of its financial statements for the year ended 31 August 2018 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
E Leader Director
These financial statements were approved and authorised for issue by the Board on 28 January 2019 and were signed by:
The notes form part of these financial statements
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For the year ended 31 August 2018
Elchemy Ltd
Notes to the Financial Statements
Statutory Information
Elchemy Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
09714722.
Registered address:
Damer House
Meadow Way
Wickford
Essex
SS12 9HA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
20% Straight line
Computer equipment
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2. Property, plant and equipment
Computer
equipment
£
Cost or
valuation
At 01 September 2017
905
At 31 August 2018
905
Provision for depreciation and impairment
At 01 September 2017
362
Charge for year
181
At 31 August 2018
543
At 31 August 2018
Net book value
362
At 31 August 2017
543
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4
For the year ended 31 August 2018
Elchemy Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables
2017
2018
£
£
Other debtors
1,890
732
4. Trade and other payables: amounts falling due within one year
2017
2018
£
£
Taxation and social security
201
9,773
Other creditors
7,532
21,032
7,733
30,805
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