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Company Registration No. 08619528 (England and Wales)
Elfmade Ltd Unaudited accounts for the year ended 30 July 2023
Elfmade Ltd Unaudited accounts Contents
Page
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Elfmade Ltd Company Information for the year ended 30 July 2023
Directors
Russell Ince Claire Ince
Company Number
08619528 (England and Wales)
Registered Office
4 Cross Street Ryde Isle Of Wight PO33 2AD England
Accountants
Vision Accounting Fortis House Cothey Way Ryde Isle of Wight PO33 1QT
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Elfmade Ltd Statement of financial position as at 30 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,979 
23,354 
Current assets
Inventories
46,960 
65,776 
Debtors
12,074 
18,389 
Cash at bank and in hand
4,364 
7,441 
63,398 
91,606 
Creditors: amounts falling due within one year
(24,595)
(4,296)
Net current assets
38,803 
87,310 
Total assets less current liabilities
54,782 
110,664 
Creditors: amounts falling due after more than one year
(28,366)
(57,274)
Net assets
26,416 
53,390 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
26,406 
53,380 
Shareholders' funds
26,416 
53,390 
For the year ending 30 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 22 April 2024 and were signed on its behalf by
Russell Ince Director Company Registration No. 08619528
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Elfmade Ltd Notes to the Accounts for the year ended 30 July 2023
1
Statutory information
Elfmade Ltd is a private company, limited by shares, registered in England and Wales, registration number 08619528. The registered office is 4 Cross Street, Ryde, Isle Of Wight, PO33 2AD, 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:
Plant & machinery
25% Straight Line
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 31 July 2022
29,500 
At 30 July 2023
29,500 
Depreciation
At 31 July 2022
6,146 
Charge for the year
7,375 
At 30 July 2023
13,521 
Net book value
At 30 July 2023
15,979 
At 30 July 2022
23,354 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
1,612 
Trade debtors
12,074 
13,753 
Amounts due from group undertakings etc.
- 
3,024 
12,074 
18,389 
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Elfmade Ltd Notes to the Accounts for the year ended 30 July 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
4,069 
- 
Obligations under finance leases and hire purchase contracts
3,769 
3,769 
Amounts owed to group undertakings and other participating interests
13,976 
- 
Taxes and social security
1,842 
(19)
Loans from directors
639 
246 
Accruals
300 
300 
24,595 
4,296 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
13,422 
38,247 
Obligations under finance leases and hire purchase contracts
14,944 
19,027 
28,366 
57,274 
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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