Elchemy Ltd,Ltd - Accounts

Elchemy Ltd,Ltd - Accounts

ELCHEMY LTD - Company Information

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2015-08-03 true false Private Limited Company 09714722 2016-08-31 09714722 2015-08-03 2016-08-31 09714722 uk-bus:Director1 2015-08-03 2016-08-31 09714722 uk-gaap:ComputerEquipment 2015-08-03 2016-08-31 09714722 uk-bus:OrdinaryShareClass1 2015-08-03 2016-08-31 iso4217:GBP
Elchemy Ltd
For the period ended 31 August 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 09714722
2
Abbreviated Balance Sheet
Elchemy Ltd
As at 31 August 2016
09714722
Registered Number :
£
2016
Notes
Fixed assets
Tangible assets
2
724
724
Current assets
Debtors
20,969
Cash at bank and in hand
21,748
42,717
Creditors: amounts falling due within one year
(43,349)
(632)
Net current liabilities
Total assets less current liabilities
92
92
Net assets/liabilities
Capital and reserves
Called up share capital
3
3
Profit and loss account
89
92
Shareholders funds
For the period ended 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476;
2) The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Date approved by the board: 30 March 2017
E Leader Director
Signed on behalf of the board of directors
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Notes to the Abbreviated Financial Statements
Elchemy Ltd
For the period ended 31 August 2016
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Deferred taxation
Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
by the shareholders prior to the balance sheet date.
Tangible fixed assets
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:
Computer Equipment
20% Straight line
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
905
Additions
At 31 August 2016
905
Depreciation
181
Charge for period
181
At 31 August 2016
Net book values
At 31 August 2016
724
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Notes to the Abbreviated Financial Statements
Elchemy Ltd
For the period ended 31 August 2016
3 Share capital
Allotted called up and fully paid
2016
£
1 Ordinary share of £1.00 each
1
1 Ordinary A share of £1.00 each
1
1 Ordinary B share of £1.00 each
1
3
1 Ordinary £1.00, 1 Ordinary A £1.00 and 1 Ordinary B £1.00 shares have been issued during the period each for a cash consideration of £1, £1 and £1 respectively.
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