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REGISTERED NUMBER: 04286014 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Elmsworld Trading Limited

Elmsworld Trading Limited (Registered number: 04286014)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Elmsworld Trading Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs J R Bryan
Mr D R Bryan





SECRETARY: Mrs J R Bryan





REGISTERED OFFICE: Town Works
Washington Street Industrial Estate
Cradley Road
Dudley
West Midlands
DY2 9PH





REGISTERED NUMBER: 04286014 (England and Wales)

Elmsworld Trading Limited (Registered number: 04286014)

Abridged Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,501 15,001
Tangible assets 5 1,320,064 1,332,333
Investments 6 1,000 1,000
1,328,565 1,348,334

CURRENT ASSETS
Debtors 7 45,110 22,676
Cash at bank 15,693 24,964
60,803 47,640
CREDITORS
Amounts falling due within one year 32,221 27,390
NET CURRENT ASSETS 28,582 20,250
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,357,147

1,368,584

CREDITORS
Amounts falling due after more than one
year

8

(714,339

)

(741,589

)

PROVISIONS FOR LIABILITIES (28,452 ) (29,200 )
NET ASSETS 614,356 597,795

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Revaluation reserve 11 161,620 161,620
Retained earnings 11 451,736 435,175
SHAREHOLDERS' FUNDS 614,356 597,795

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Elmsworld Trading Limited (Registered number: 04286014)

Abridged Balance Sheet - continued
31 December 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2024 and were signed on its behalf by:




Mr D R Bryan - Director



Mrs J R Bryan - Director


Elmsworld Trading Limited (Registered number: 04286014)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Elmsworld Trading Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of four years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Elmsworld Trading Limited (Registered number: 04286014)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 30,001
AMORTISATION
At 1 January 2023 15,000
Amortisation for year 7,500
At 31 December 2023 22,500
NET BOOK VALUE

At 31 December 2023 7,501
At 31 December 2022 15,001

5. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 January 2023 1,406,202
Additions 16,999
At 31 December 2023 1,423,201
DEPRECIATION
At 1 January 2023 73,869
Charge for year 29,268
At 31 December 2023 103,137
NET BOOK VALUE
At 31 December 2023 1,320,064
At 31 December 2022 1,332,333

Cost or valuation at 31 December 2023 is represented by:

Totals
£   
Valuation in 2022 161,620
Cost 1,261,581
1,423,201

Freehold land and buildings were valued on an open market basis by J R Emms.

Elmsworld Trading Limited (Registered number: 04286014)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 January 2023
and 31 December 2023 1,000
NET BOOK VALUE
At 31 December 2023 1,000
At 31 December 2022 1,000

7. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Amounts owed by group undertakings - 7,606

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.12.23 31.12.22
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 426,806 415,820

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 496,806 506,124

The HSBC bank loan is secured by a legal mortgage registered with Companies House on 2 November 2021.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
500 A Ordinary £1 500 500
500 B Ordinary £1 500 500
1,000 1,000

Elmsworld Trading Limited (Registered number: 04286014)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

11. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 January 2023 435,175 161,620 596,795
Profit for the year 45,561 45,561
Dividends (29,000 ) (29,000 )
At 31 December 2023 451,736 161,620 613,356

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.