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Company Registration No. 12020802 (England and Wales)
St Elmo Associates Limited Unaudited accounts for the year ended 31 May 2023
St Elmo Associates Limited Unaudited accounts Contents
Page
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St Elmo Associates Limited Company Information for the year ended 31 May 2023
Directors
Chung Yu Chan Evette Clarke
Company Number
12020802 (England and Wales)
Registered Office
First Floor 148-149 Great Charles Street Birmingham B3 3HT
Accountants
Integritax Accountants Ltd 68 Yardley Road Acocks Green Birmingham B27 6LG
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St Elmo Associates Limited Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
43 
105 
Tangible assets
27,776 
30,183 
27,819 
30,288 
Current assets
Debtors
126,432 
75,879 
Cash at bank and in hand
122,497 
79,183 
248,929 
155,062 
Creditors: amounts falling due within one year
(240,701)
(139,446)
Net current assets
8,228 
15,616 
Total assets less current liabilities
36,047 
45,904 
Creditors: amounts falling due after more than one year
- 
(31,062)
Net assets
36,047 
14,842 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
35,947 
14,742 
Shareholders' funds
36,047 
14,842 
For the year ending 31 May 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 29 August 2024 and were signed on its behalf by
Evette Clarke Director Company Registration No. 12020802
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St Elmo Associates Limited Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
St Elmo Associates Limited is a private company, limited by shares, registered in England and Wales, registration number 12020802. The registered office is First Floor 148-149 Great Charles Street, Birmingham, B3 3HT.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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
Straight line 25%
Motor vehicles
Straight line 25%
Computer equipment
Straight line 33%
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St Elmo Associates Limited Notes to the Accounts for the year ended 31 May 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 June 2022
250 
At 31 May 2023
250 
Amortisation
At 1 June 2022
145 
Charge for the year
62 
At 31 May 2023
207 
Net book value
At 31 May 2023
43 
At 31 May 2022
105 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2022
443 
56,475 
2,510 
59,428 
Additions
- 
11,344 
1,972 
13,316 
At 31 May 2023
443 
67,819 
4,482 
72,744 
Depreciation
At 1 June 2022
277 
28,383 
585 
29,245 
Charge for the year
111 
14,593 
1,019 
15,723 
At 31 May 2023
388 
42,976 
1,604 
44,968 
Net book value
At 31 May 2023
55 
24,843 
2,878 
27,776 
At 31 May 2022
166 
28,092 
1,925 
30,183 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
122,436 
71,666 
Other debtors
3,996 
4,213 
126,432 
75,879 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
84,997 
37,688 
Trade creditors
75,828 
28,849 
Taxes and social security
5,553 
3,403 
Other creditors
2,646 
1,572 
Loans from directors
71,677 
67,934 
240,701 
139,446 
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St Elmo Associates Limited Notes to the Accounts for the year ended 31 May 2023
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
- 
31,062 
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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