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REGISTERED NUMBER: 09079387 (England and Wales)















Financial Statements for the Year Ended 5 July 2023

for

Elms Electrical Services Limited

Elms Electrical Services Limited (Registered number: 09079387)






Contents of the Financial Statements
for the Year Ended 5 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Elms Electrical Services Limited

Company Information
for the Year Ended 5 July 2023







DIRECTOR: D L Selvadorai





SECRETARY:





REGISTERED OFFICE: Maulak Chambers
The Centre
Halstead
Essex
CO9 2AJ





REGISTERED NUMBER: 09079387 (England and Wales)





ACCOUNTANTS: Maurice Lake & Co Limited
Accountants and
Taxation Consultants
Maulak Chambers
The Centre
High Street
Halstead
Essex
CO9 2AJ

Elms Electrical Services Limited (Registered number: 09079387)

Balance Sheet
5 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,927 13,329

CURRENT ASSETS
Debtors 5 13,493 8,744
Prepayments and accrued income 582 -
Cash at bank 30,873 65,840
44,948 74,584
CREDITORS
Amounts falling due within one year 6 21,555 46,479
NET CURRENT ASSETS 23,393 28,105
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,320

41,434

CREDITORS
Amounts falling due after more than one
year

7

46,071

39,285
NET ASSETS 249 2,149

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 149 2,049
249 2,149

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Elms Electrical Services Limited (Registered number: 09079387)

Balance Sheet - continued
5 July 2023


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

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

The financial statements were approved by the director and authorised for issue on 18 January 2024 and were signed by:





D L Selvadorai - Director


Elms Electrical Services Limited (Registered number: 09079387)

Notes to the Financial Statements
for the Year Ended 5 July 2023

1. STATUTORY INFORMATION

Elms Electrical Services 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.

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

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 etc - 25% on cost and 25% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Elms Electrical Services Limited (Registered number: 09079387)

Notes to the Financial Statements - continued
for the Year Ended 5 July 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 6 July 2022 42,652
Additions 28,025
Disposals (22,600 )
At 5 July 2023 48,077
DEPRECIATION
At 6 July 2022 29,323
Charge for year 8,893
Eliminated on disposal (13,066 )
At 5 July 2023 25,150
NET BOOK VALUE
At 5 July 2023 22,927
At 5 July 2022 13,329

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 2,238
Other debtors 13,493 6,506
13,493 8,744

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,123 6,123
Hire purchase contracts 3,203 -
Taxation and social security 6,820 8,205
Other creditors 5,409 32,151
21,555 46,479

Elms Electrical Services Limited (Registered number: 09079387)

Notes to the Financial Statements - continued
for the Year Ended 5 July 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 33,257 39,285
Hire purchase contracts 12,814 -
46,071 39,285

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 5 July 2023 and 5 July 2022:

2023 2022
£    £   
D L Selvadorai
Balance outstanding at start of year 6,506 6,506
Amounts advanced 5,224 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,730 6,506