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Company Registration No. 12720434 (England and Wales)
Elm Technologies Ltd Unaudited accounts for the year ended 31 July 2023
Elm Technologies Ltd Unaudited accounts Contents
Page
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Elm Technologies Ltd Company Information for the year ended 31 July 2023
Directors
Cian Patrick Kennedy Emily Prevezer
Company Number
12720434 (England and Wales)
Registered Office
Riley Studios 724 Holloway Road London N19 3JD England
Accountants
Multiply Accountancy Limited 71-75 Shelton Street London WC2H 9JQ
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Elm Technologies Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
527 
1,925 
Current assets
Debtors
18,217 
52,835 
Cash at bank and in hand
88,689 
100,506 
106,906 
153,341 
Creditors: amounts falling due within one year
(48,606)
(35,215)
Net current assets
58,300 
118,126 
Total assets less current liabilities
58,827 
120,051 
Creditors: amounts falling due after more than one year
(30,000)
- 
Net assets
28,827 
120,051 
Capital and reserves
Called up share capital
2 
2 
Share premium
249,997 
249,997 
Profit and loss account
(221,172)
(129,948)
Shareholders' funds
28,827 
120,051 
For the year ending 31 July 2023 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 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.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 April 2024 and were signed on its behalf by
Cian Patrick Kennedy Director Company Registration No. 12720434
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Elm Technologies Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Elm Technologies Ltd is a private company, limited by shares, registered in England and Wales, registration number 12720434. The registered office is Riley Studios, 724 Holloway Road, London, N19 3JD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33% straight line
Computer equipment
33% straight line
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2022
1,363 
2,831 
4,194 
At 31 July 2023
1,363 
2,831 
4,194 
Depreciation
At 1 August 2022
450 
1,819 
2,269 
Charge for the year
454 
944 
1,398 
At 31 July 2023
904 
2,763 
3,667 
Net book value
At 31 July 2023
459 
68 
527 
At 31 July 2022
913 
1,012 
1,925 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
18,217 
9,886 
Other debtors
- 
42,949 
18,217 
52,835 
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Elm Technologies Ltd Notes to the Accounts for the year ended 31 July 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
19,166 
12,048 
Trade creditors
1,430 
129 
Taxes and social security
9,945 
5,741 
Loans from directors
15,591 
15,591 
Accruals
2,474 
1,706 
48,606 
35,215 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
30,000 
- 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2,379,502 Ordinary shares of £0.000001 each
2.37 
2.37 
9
Transactions with related parties
During the year the company received a loan of £30,000 from Thirty Three Holdings Limited, a UK registered company which holds a participating interest in the company. The loan was provided with no formal interest or repayment terms.
10
Average number of employees
During the year the average number of employees was 5 (2022: 4).
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