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REGISTERED NUMBER: 03287695 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 December 2023

for

ELMILL LIMITED

ELMILL LIMITED (REGISTERED NUMBER: 03287695)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ELMILL LIMITED

Company Information
for the year ended 31 December 2023







DIRECTORS: J P Carter
B W Elliott





REGISTERED OFFICE: 139a Engineer Road
West Wiltshire Trading Estate
Westbury
Wiltshire
BA13 4JW





REGISTERED NUMBER: 03287695 (England and Wales)





ACCOUNTANTS: Mitchell Glanville (Bristol) Limited
c/o MGB Accountants - Suite 22
Trym Lodge, 1 Henbury Road
Westbury-on-Trym
Bristol
BS9 3HQ

ELMILL LIMITED (REGISTERED NUMBER: 03287695)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 612,910 417,738
Investments 5 747,255 747,255
1,360,165 1,164,993

CURRENT ASSETS
Stocks 354,191 1,046,119
Debtors 6 2,314,814 1,122,257
Cash at bank and in hand 204,132 165,761
2,873,137 2,334,137
CREDITORS
Amounts falling due within one year 7 400,525 580,431
NET CURRENT ASSETS 2,472,612 1,753,706
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,832,777

2,918,699

CREDITORS
Amounts falling due after more than one year 8 889,800 529,800
NET ASSETS 2,942,977 2,388,899

CAPITAL AND RESERVES
Called up share capital 500 500
Capital redemption reserve 500 500
Retained earnings 2,941,977 2,387,899
2,942,977 2,388,899

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 July 2024 and were signed on its behalf by:




J P Carter - Director


ELMILL LIMITED (REGISTERED NUMBER: 03287695)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Elmill 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 etc - 20% 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 Statement of Income and Retained Earnings, 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 21 (2022 - 20 ) .

ELMILL LIMITED (REGISTERED NUMBER: 03287695)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 968,640
Additions 345,711
At 31 December 2023 1,314,351
DEPRECIATION
At 1 January 2023 550,902
Charge for year 150,539
At 31 December 2023 701,441
NET BOOK VALUE
At 31 December 2023 612,910
At 31 December 2022 417,738

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 747,255
NET BOOK VALUE
At 31 December 2023 747,255
At 31 December 2022 747,255

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 573,554 273,847
Amounts owed by group undertakings 1,729,356 819,569
Other debtors 11,904 28,841
2,314,814 1,122,257

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 70,405 166,971
Taxation and social security 136,263 172,200
Other creditors 193,857 241,260
400,525 580,431

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Inter company balance 889,800 529,800