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REGISTERED NUMBER: 06544676 (England and Wales)















ELYSIUM CYMRU LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024






ELYSIUM CYMRU LIMITED (REGISTERED NUMBER: 06544676)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELYSIUM CYMRU LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTORS: A P O'Meara
J E Edwards





REGISTERED OFFICE: Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU





REGISTERED NUMBER: 06544676 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

ELYSIUM CYMRU LIMITED (REGISTERED NUMBER: 06544676)

BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 293,614 686
293,614 686

CURRENT ASSETS
Stocks - 39,779
Debtors 6 5,930 19,174
Cash at bank 193,915 75,265
199,845 134,218
CREDITORS
Amounts falling due within one year 7 233,127 41,899
NET CURRENT (LIABILITIES)/ASSETS (33,282 ) 92,319
TOTAL ASSETS LESS CURRENT
LIABILITIES

260,332

93,005

CREDITORS
Amounts falling due after more than one
year

8

(79,448

)

-

PROVISIONS FOR LIABILITIES (406 ) (130 )
NET ASSETS 180,478 92,875

ELYSIUM CYMRU LIMITED (REGISTERED NUMBER: 06544676)

BALANCE SHEET - continued
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 180,378 92,775
SHAREHOLDERS' FUNDS 180,478 92,875

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

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

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th September 2024 and were signed on its behalf by:





J E Edwards - Director


ELYSIUM CYMRU LIMITED (REGISTERED NUMBER: 06544676)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024

1. STATUTORY INFORMATION

Elysium Cymru 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on reducing balance

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 Profit and Loss Account, 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.


ELYSIUM CYMRU LIMITED (REGISTERED NUMBER: 06544676)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

2. ACCOUNTING POLICIES - continued
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 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st May 2023
and 30th April 2024 250,000
AMORTISATION
At 1st May 2023
and 30th April 2024 250,000
NET BOOK VALUE
At 30th April 2024 -
At 30th April 2023 -

ELYSIUM CYMRU LIMITED (REGISTERED NUMBER: 06544676)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1st May 2023 - 3,508 3,508
Additions 291,990 1,183 293,173
At 30th April 2024 291,990 4,691 296,681
DEPRECIATION
At 1st May 2023 - 2,822 2,822
Charge for year - 245 245
At 30th April 2024 - 3,067 3,067
NET BOOK VALUE
At 30th April 2024 291,990 1,624 293,614
At 30th April 2023 - 686 686

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts - 6,650
Prepayments and accrued income 5,930 12,524
5,930 19,174

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,511 -
Trade creditors 6,253 9,746
Corporation tax 49,687 20,129
Social security and other taxes 4,814 4,195
Pension fund 1,794 1,454
Directors' current accounts 157,780 -
Accruals and deferred income 6,288 6,375
233,127 41,899

ELYSIUM CYMRU LIMITED (REGISTERED NUMBER: 06544676)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 7,095 -
Bank loans - 2-5 years 72,353 -
79,448 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £50 100 100

10. RELATED PARTY DISCLOSURES

The company had the following outstanding directors loans at the year end:
- A P O'Meara £78,475 owed from the company (2023 - £3,571 owed to the company).
- J E Edwards £79,306 owed from the company (2023 - £3,078 owed to the company).