Elchemy Ltd,Ltd - AccountsLtd - Accounts

Elchemy Ltd,Ltd - AccountsLtd - Accounts

ELCHEMY LTD - Company Information

Print Friendly Version

2016-09-01 09714722 2017-08-31 09714722 2016-09-01 2017-08-31 09714722 2016-08-31 09714722 2015-08-03 2016-08-31 09714722 uk-core:WithinOneYear 2016-08-31 09714722 uk-core:WithinOneYear 2017-08-31 09714722 uk-core:ShareCapital 2017-08-31 09714722 uk-core:ShareCapital 2016-08-31 09714722 uk-core:RetainedEarningsAccumulatedLosses 2017-08-31 09714722 uk-core:RetainedEarningsAccumulatedLosses 2016-08-31 09714722 uk-bus:Director1 2016-09-01 2017-08-31 09714722 uk-core:ToolsEquipment 2016-09-01 2017-08-31 iso4217:GBP 09714722 uk-bus:AuditExemptWithAccountantsReport 2016-09-01 2017-08-31 09714722 uk-bus:FRS102 2016-09-01 2017-08-31 09714722 uk-bus:FullAccounts 2016-09-01 2017-08-31 09714722 uk-bus:PrivateLimitedCompanyLtd 2016-09-01 2017-08-31
Elchemy Ltd
Registered Number:09714722
For the year ended 31 August 2017
England and Wales
Unaudited Financial Statements
2
As at 31 August 2017
Elchemy Ltd
Statement of Financial Position
Registered Number :
09714722
£
£
2016
2017
Notes
Fixed assets
Property, plant and equipment
543
724
2
543
724
Current assets
Trade and other receivables
20,969
732
3
21,748
Cash and cash equivalents
29,624
30,356
42,717
Trade and other payables: amounts falling due within one
year
(43,349)
(30,805)
4
(632)
(449)
Net current liabilities
Total assets less current liabilities
94
92
94
Net assets
92
Capital and reserves
Called up share capital
3
3
Retained earnings
91
89
94
92
Shareholders' funds
For the year ended 31 August 2017 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 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.
E Leader Director
These financial statements were approved and authorised for issue by the Board on 11 January 2018 and were signed by:
The notes form part of these financial statements
1 of 3
3
For the year ended 31 August 2017
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 2016
905
At 31 August 2017
905
Provision for depreciation and impairment
At 01 September 2016
181
Charge for year
181
At 31 August 2017
362
At 31 August 2017
Net book value
543
At 31 August 2016
724
2 of 3
4
For the year ended 31 August 2017
Elchemy Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables
2016
2017
£
£
Trade debtors
-
19,831
Other debtors
732
1,138
20,969
732
4. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Taxation and social security
9,773
17,648
Other creditors
21,032
25,701
30,805
43,349
3 of 3