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
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
St Elmo Associates Limited
Statement of financial position
as at 31 May 2023
Tangible assets
27,776
30,183
Cash at bank and in hand
122,497
79,183
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)
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
St Elmo Associates Limited
Notes to the Accounts
for the year ended 31 May 2023
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.
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.
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 (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%
St Elmo Associates Limited
Notes to the Accounts
for the year ended 31 May 2023
4
Intangible fixed assets
Other
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
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
At 31 May 2023
55
24,843
2,878
27,776
At 31 May 2022
166
28,092
1,925
30,183
Amounts falling due within one year
Trade debtors
122,436
71,666
7
Creditors: amounts falling due within one year
2023
2022
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
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
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).