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REGISTERED NUMBER: 03721193 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ELMSTONE SYSTEMS LIMITED

ELMSTONE SYSTEMS LIMITED (REGISTERED NUMBER: 03721193)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

ELMSTONE SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: J G Greig
Ms L R Perryman
J R Hier
P J L Higson
P E Hannent





SECRETARY: Ms L R Perryman





REGISTERED OFFICE: 1st Floor
49-51 High Street
Deal
Kent
CT14 6EL





REGISTERED NUMBER: 03721193 (England and Wales)





ACCOUNTANTS: Higson & Co (Deal) Ltd
45 Queen Street
Deal
Kent
CT14 6EY

ELMSTONE SYSTEMS LIMITED (REGISTERED NUMBER: 03721193)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,217 36,377
Investments 5 1 101
24,218 36,478

CURRENT ASSETS
Stocks 33,101 137,390
Debtors 6 363,616 569,752
Cash at bank and in hand 697,927 319,174
1,094,644 1,026,316
CREDITORS
Amounts falling due within one year 7 539,066 837,375
NET CURRENT ASSETS 555,578 188,941
TOTAL ASSETS LESS CURRENT
LIABILITIES

579,796

225,419

CAPITAL AND RESERVES
Called up share capital 8 923 912
Share premium 38,554 29,940
Capital redemption reserve 148 148
Retained earnings 540,171 194,419
SHAREHOLDERS' FUNDS 579,796 225,419

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

ELMSTONE SYSTEMS LIMITED (REGISTERED NUMBER: 03721193)

BALANCE SHEET - continued
31 MARCH 2024


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 15 July 2024 and were signed on its behalf by:




J G Greig - Director



Ms L R Perryman - Director


ELMSTONE SYSTEMS LIMITED (REGISTERED NUMBER: 03721193)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Elmstone Systems 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 financial statements are presented in round pounds £ 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 reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 19 (2023 - 19 ) .

ELMSTONE SYSTEMS LIMITED (REGISTERED NUMBER: 03721193)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 28,106 13,042 27,288 92,347 160,783
Additions - - 446 6,262 6,708
At 31 March 2024 28,106 13,042 27,734 98,609 167,491
DEPRECIATION
At 1 April 2023 27,979 11,058 24,279 61,090 124,406
Charge for year 127 496 838 17,407 18,868
At 31 March 2024 28,106 11,554 25,117 78,497 143,274
NET BOOK VALUE
At 31 March 2024 - 1,488 2,617 20,112 24,217
At 31 March 2023 127 1,984 3,009 31,257 36,377

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023 101
Disposals (100 )
At 31 March 2024 1
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 101

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 290,932 518,918
Amounts owed by group undertakings 892 1,640
Directors' current accounts - 20,000
Prepayments 71,792 29,194
363,616 569,752

ELMSTONE SYSTEMS LIMITED (REGISTERED NUMBER: 03721193)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 132,888 142,949
Social security and other taxes 33,587 33,725
VAT 64,788 94,985
Other creditors 6,810 6,319
Deferred income 297,087 535,341
Directors' current accounts 1,912 2,700
Accrued expenses 1,994 21,356
539,066 837,375

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
92,310 Ordinary 1p 923 912

1,150 Ordinary shares of 1p each were allotted as fully paid at a premium of 7.4899 per share during the year.

During the previous year, the Company completed a capital restructure which led the repurchase of 14,840 ordinary shares for their market value of £560,000.

ELMSTONE SYSTEMS LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
ELMSTONE SYSTEMS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on pages one to twelve and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Higson & Co (Deal) Ltd
45 Queen Street
Deal
Kent
CT14 6EY


15 July 2024