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REGISTERED NUMBER: 09862979 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Elm Access Limited

Elm Access Limited (Registered number: 09862979)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Elm Access Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: M T Blant
Mrs L Blant





REGISTERED OFFICE: Yew Tree Farm Cottage
Great North Road
Cromwell
Newark
Nottinghamshire
NG23 6JE





REGISTERED NUMBER: 09862979 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Elm Access Limited (Registered number: 09862979)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 39,180 45,164

CURRENT ASSETS
Stocks 3,000 2,500
Debtors 5 72,235 46,718
Cash at bank 26,130 34,010
101,365 83,228
CREDITORS
Amounts falling due within one year 6 62,195 60,907
NET CURRENT ASSETS 39,170 22,321
TOTAL ASSETS LESS CURRENT
LIABILITIES

78,350

67,485

CREDITORS
Amounts falling due after more than one
year

7

(20,728

)

(29,396

)

PROVISIONS FOR LIABILITIES (7,444 ) (11,291 )
NET ASSETS 50,178 26,798

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 50,078 26,698
SHAREHOLDERS' FUNDS 50,178 26,798

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Elm Access Limited (Registered number: 09862979)

Balance Sheet - continued
30 November 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 Board of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by:




M T Blant - Director



Mrs L Blant - Director


Elm Access Limited (Registered number: 09862979)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Elm Access 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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

Elm Access Limited (Registered number: 09862979)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 32,118 3,140 35,045 1,924 72,227
Additions 2,420 - - 915 3,335
At 30 November 2023 34,538 3,140 35,045 2,839 75,562
DEPRECIATION
At 1 December 2022 14,070 830 11,516 647 27,063
Charge for year 2,779 347 5,882 311 9,319
At 30 November 2023 16,849 1,177 17,398 958 36,382
NET BOOK VALUE
At 30 November 2023 17,689 1,963 17,647 1,881 39,180
At 30 November 2022 18,048 2,310 23,529 1,277 45,164

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 70,000 45,139
Other debtors 2,235 1,579
72,235 46,718

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,920 7,320
Hire purchase contracts 4,109 4,109
Taxation and social security 36,957 19,678
Other creditors 16,209 29,800
62,195 60,907

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 6,990 11,549
Hire purchase contracts 13,738 17,847
20,728 29,396

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 11,910 16,469
Hire purchase contracts 17,847 21,956
29,757 38,425

Hire purchase loans are secured against the assets to which they relate.

Elm Access Limited (Registered number: 09862979)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100