Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-3122022-04-01false2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01714790 2022-04-01 2023-03-31 01714790 2021-04-01 2022-03-31 01714790 2023-03-31 01714790 2022-03-31 01714790 c:Director1 2022-04-01 2023-03-31 01714790 d:FurnitureFittings 2022-04-01 2023-03-31 01714790 d:FurnitureFittings 2023-03-31 01714790 d:FurnitureFittings 2022-03-31 01714790 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 01714790 d:OfficeEquipment 2022-04-01 2023-03-31 01714790 d:OfficeEquipment 2023-03-31 01714790 d:OfficeEquipment 2022-03-31 01714790 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 01714790 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 01714790 d:CurrentFinancialInstruments 2023-03-31 01714790 d:CurrentFinancialInstruments 2022-03-31 01714790 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 01714790 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 01714790 d:ShareCapital 2023-03-31 01714790 d:ShareCapital 2022-03-31 01714790 d:RetainedEarningsAccumulatedLosses 2023-03-31 01714790 d:RetainedEarningsAccumulatedLosses 2022-03-31 01714790 c:FRS102 2022-04-01 2023-03-31 01714790 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 01714790 c:FullAccounts 2022-04-01 2023-03-31 01714790 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 01714790 d:WithinOneYear 2023-03-31 01714790 d:WithinOneYear 2022-03-31 01714790 d:BetweenOneFiveYears 2023-03-31 01714790 d:BetweenOneFiveYears 2022-03-31 iso4217:GBP xbrli:pure

Registered number: 01714790










ELLMAX ELECTRONICS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
ELLMAX ELECTRONICS LIMITED
 

CONTENTS



Page
Balance sheet
 
1
Notes to the financial statements
 
2 - 5


 
ELLMAX ELECTRONICS LIMITED
REGISTERED NUMBER: 01714790

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
152
284

Current assets
  

Stocks
  
5,287
9,000

Debtors: amounts falling due within one year
 5 
5,120
4,498

Cash at bank and in hand
  
523
857

  
10,930
14,355

Creditors: amounts falling due within one year
 6 
(104,328)
(99,891)

Net current liabilities
  
 
 
(93,398)
 
 
(85,536)

  

Net liabilities
  
(93,246)
(85,252)


Capital and reserves
  

Called up share capital 
  
4,190
4,190

Profit and loss account
  
(97,436)
(89,442)

  
(93,246)
(85,252)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 November 2023.



Mr E. Goodkin
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
ELLMAX ELECTRONICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Ellmax Electronics Limited (the Company) is a private company, limited by shares, incorporated and domiciled in England. The address of its registered office is Unit 29, Leyton Business Centre, Etloe Road, Leyton, London, E10 7BT, which is also the address of its principal place of business.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company is dependent on the support of the director, who has indicated that he will continue to provide the financial support necessary to enable the company to continue in operational existence for the forseeable future. Accordingly these financial statements have been prepared on the going concern basis

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 2

 
ELLMAX ELECTRONICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using both the reducing balance and straight-line methods.

Depreciation is provided on the following basis:

Furniture and equipment
-
10%-25% reducing balance
Computer equipment
-
 25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. 
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 3

 
ELLMAX ELECTRONICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.10

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Tangible fixed assets





Furniture and equipment
Computer equipment
Total

£
£
£



Cost 


At 1 April 2022
13,042
11,004
24,046



At 31 March 2023

13,042
11,004
24,046



Depreciation


At 1 April 2022
12,863
10,899
23,762


Charge for the year on owned assets
27
105
132



At 31 March 2023

12,890
11,004
23,894



Net book value



At 31 March 2023
152
-
152



At 31 March 2022
179
105
284

Page 4

 
ELLMAX ELECTRONICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Debtors

2023
2022
£
£


Trade debtors
4,266
3,744

Other debtors
854
754

5,120
4,498



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
160
4,397

Other taxation and social security
-
24

Other creditors
102,196
93,496

Accruals and deferred income
1,972
1,974

104,328
99,891



7.


Commitments under operating leases

At 31 March 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
21,500
21,500

Later than 1 year and not later than 5 years
2,417
23,917

23,917
45,417

 
Page 5