ELEMENT 14 LIMITED

1. ELEMENT 14 LIMITED 2009-08-26 → present
2. MELADELL LIMITED 1994-07-04 → 2009-08-26

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“These financial statements are prepared on a going concern basis. The Company is an intermediate holding company within the Avnet Inc. group, which holds intercompany receivables and payables. Operational and financial management is undertaken at a group and at Farnell divisional level, including regular forecasts, projections and cash flow forecasts. The group operates cash pooling arrangements which are managed and monitored centrally. Considering these forecasts and projections, after making enquires and considering the position of both the company and the group, the directors have a responsible expectation the company has adequate resources to continue in operational existence for the foreseeable future. The directors of the Company have received confirmation from Avnet Inc. (the Company's ultimate parent) that it does not intend to seek repayment of the amounts owed by the Company to other members of the Avnet Inc. group during the going concern period. The directors acknowledge that there can be no certainty that this support will continue although, at the date of approval of these financial statements, they have no reason to believe that it will not do so. Consequently, the directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and have prepared the financial statements on a going concern basis.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  -100%

  £1,000 → £0

• Net assets

  +3.7%

  £46,703,000 → £48,409,000

• Employees

  —

  Not reported

• Profit before tax

  +3.1%

  £1,668,000 → £1,719,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers