NEEDHAMS OF ELMLEY LIMITED

Company Registration Number:
00475512 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2021

Period of accounts

Start date: 01 November 2020

End date: 31 October 2021

NEEDHAMS OF ELMLEY LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2021

Balance sheet
Notes

NEEDHAMS OF ELMLEY LIMITED

Balance sheet

As at 31 October 2021


Notes

2021

2020


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 1,279,925 1,253,666
Investments: 4 1 1
Total fixed assets: 1,279,926 1,253,667
Current assets
Stocks: 4,070 15,762
Debtors:   142,147 60,165
Cash at bank and in hand: 463,925 461,576
Investments:   0 0
Total current assets: 610,142 537,503
Creditors: amounts falling due within one year:   (99,619) (94,655)
Net current assets (liabilities): 510,523 442,848
Total assets less current liabilities: 1,790,449 1,696,515
Provision for liabilities: (9,963) (9,963)
Total net assets (liabilities): 1,780,486 1,686,552
Capital and reserves
Called up share capital: 1,002 1,002
Share premium account: 0 0
Revaluation reserve:5221,301221,301
Other reserves: 0 0
Profit and loss account: 1,558,183 1,464,249
Shareholders funds: 1,780,486 1,686,552

The notes form part of these financial statements

NEEDHAMS OF ELMLEY LIMITED

Balance sheet statements

For the year ending 31 October 2021 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 July 2022
and signed on behalf of the board by:

Name: Beverley Needham
Status: Director

The notes form part of these financial statements

NEEDHAMS OF ELMLEY LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents amounts receivable for goods and services net of VAT and trade discounts. It was derived from the company's principal activity and is attributable to the UK market.

Tangible fixed assets and depreciation policy

Tangible fixed assets other than freehold land and buildings are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value over the assets expected useful life as follows:Land and Freehold buildings NilPlant and Machinery 25% reducing balance.Depreciation is not provided on freehold assets as their high residual values would make any depreciation immaterial.

Intangible fixed assets and amortisation policy

Fixed asset investments are stated at cost less provision for diminution in value.

NEEDHAMS OF ELMLEY LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2021

2. Employees

2021 2020
Average number of employees during the period 5 5

NEEDHAMS OF ELMLEY LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2021

3. Tangible Assets

Total
Cost £
At 01 November 2020 2,742,693
Additions 64,756
Disposals (1,700)
At 31 October 2021 2,805,749
Depreciation
At 01 November 2020 1,489,027
Charge for year 38,497
On disposals (1,700)
At 31 October 2021 1,525,824
Net book value
At 31 October 2021 1,279,925
At 31 October 2020 1,253,666

NEEDHAMS OF ELMLEY LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2021

4. Fixed investments

Fixed investments are stated at cost less provision for diminution in value.

NEEDHAMS OF ELMLEY LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2021

5. Revaluation reserve

2021
£
Balance at 01 November 2020 221,301
Surplus or deficit after revaluation 0
Balance at 31 October 2021 221,301