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REGISTERED NUMBER: 07780767 (England and Wales)











Financial Statements

for the Year Ended 30 November 2023

for

ELMI LIMITED

ELMI LIMITED (REGISTERED NUMBER: 07780767)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ELMI LIMITED

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Mr S South





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 07780767 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

ELMI LIMITED (REGISTERED NUMBER: 07780767)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £   
CURRENT ASSETS
Debtors 5 1,621,900 1,865,572
Cash at bank 1,200 1,096
1,623,100 1,866,668
CREDITORS
Amounts falling due within one year 6 987,070 1,346,797
NET CURRENT ASSETS 636,030 519,871
TOTAL ASSETS LESS CURRENT
LIABILITIES

636,030

519,871

CAPITAL AND RESERVES
Called up share capital 7 102 102
Retained earnings 635,928 519,769
SHAREHOLDERS' FUNDS 636,030 519,871

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 director acknowledges his 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.

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 director and authorised for issue on 30 August 2024 and were signed by:





Mr S South - Director


ELMI LIMITED (REGISTERED NUMBER: 07780767)

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

1. STATUTORY INFORMATION

Elmi 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

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.

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.

Going concern
The director has a reasonable expectation that the company will continue in operational existence for the foreseeable future and therefore used the going concern basis in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

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

ELMI LIMITED (REGISTERED NUMBER: 07780767)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 December 2022 6,390 3,363 9,753
Disposals (6,390 ) (3,363 ) (9,753 )
At 30 November 2023 - - -
DEPRECIATION
At 1 December 2022 6,390 3,363 9,753
Eliminated on disposal (6,390 ) (3,363 ) (9,753 )
At 30 November 2023 - - -
NET BOOK VALUE
At 30 November 2023 - - -
At 30 November 2022 - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 1,281,697 1,837,448
Other debtors - 501
Directors' current accounts - 27,623
VAT 267 -
Prepayments and accrued income 339,936 -
1,621,900 1,865,572

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Amounts owed to related parties 816,479 815,100
Tax 98,803 23,839
VAT - 49,703
Other creditors 63,921 75,921
Directors' current accounts - 125,338
Accruals and deferred income 7,867 256,896
987,070 1,346,797

ELMI LIMITED (REGISTERED NUMBER: 07780767)

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

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
90 A Class Ordinary £1 90 90
10 B Class Ordinary £1 10 10
1 C Class Ordinary £1 1 1
1 D Class Ordinary £1 1 1
102 102

8. RELATED PARTY DISCLOSURES

As at the balance sheet date, included in creditors due within one year is £Nil (2022: £97,715) due and payable to the director.

At the balance sheet date, included in debtors due within one year is £1,281,697 (2022: £1,837,448) due and receivable from McLaren Resourcing LLP.

At the balance sheet date, the company has a closing balance of £203,600 (2022: £81,800) owed to McLaren Resourcing LLP in which the director is a designated member and £612,879 (2022: £733,300) owed to Elmiy South Limited, related by virtue of the fact that they are under common control.