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
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
Elm Technologies Ltd
Statement of financial position
as at 31 July 2023
Cash at bank and in hand
88,689
100,506
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)
-
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
Elm Technologies Ltd
Notes to the Accounts
for the year ended 31 July 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 31 July 2023
459
68
527
At 31 July 2022
913
1,012
1,925
Amounts falling due within one year
Accrued income and prepayments
18,217
9,886
Elm Technologies Ltd
Notes to the Accounts
for the year ended 31 July 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
9,945
5,741
Loans from directors
15,591
15,591
7
Creditors: amounts falling due after more than one year
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).