Registered number
03176139
Elmar Limited
Filleted Accounts
31 March 2023
Elmar Limited
Registered number: 03176139
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 465,326 465,689
Current assets
Debtors 4 444,129 492,129
Cash at bank and in hand 18,322 5,099
462,451 497,228
Creditors: amounts falling due within one year 5 (2,333) (16,067)
Net current assets 460,118 481,161
Total assets less current liabilities 925,444 946,850
Creditors: amounts falling due after more than one year 6 (314,426) (278,733)
Net assets 611,018 668,117
Capital and reserves
Called up share capital 100 100
Profit and loss account 610,918 668,017
Shareholders' funds 611,018 668,117
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
……………………………………..
V M Roberts
Director
Approved by the board on 23 November 2023
Elmar Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2022 464,237 6,488 470,725
At 31 March 2023 464,237 6,488 470,725
Depreciation
At 1 April 2022 - 5,036 5,036
Charge for the year - 363 363
At 31 March 2023 - 5,399 5,399
Net book value
At 31 March 2023 464,237 1,089 465,326
At 31 March 2022 464,237 1,452 465,689
4 Debtors 2023 2022
£ £
Other debtors 444,129 492,129
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 1,704 15,305
Other creditors 629 762
2,333 16,067
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 314,426 278,733
7 Other information
Elmar Limited is a private company limited by shares and incorporated in England. Its registered office is:
8 New Road
Linslade
Leighton Buzzard
Bedfordshire
LU7 2LX
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