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Company Registration No. 08989973 (England and Wales)
Elm Electrical Limited Unaudited accounts for the year ended 30 April 2024
Elm Electrical Limited Unaudited accounts Contents
Page
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Elm Electrical Limited Company Information for the year ended 30 April 2024
Directors
Neil Marshall Nicola King
Company Number
08989973 (England and Wales)
Registered Office
11 Chapel Lane Arnold Nottingham Nottinghamshire NG5 7DR
Accountants
Select Accountancy Ltd FFA/FIPA FFTA 11 Chapel Lane Arnold Nottingham NG5 7DR
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Accountants' report to the board of directors on the preparation of the unaudited statutory statements of Elm Electrical Limited (The Company) for the year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of the company for the year ended 30 April 2024 which comprises of the profit and loss account, the balance sheet, and explanatory notes from the company's accounting records and from information and explanations which you have provided us with.
As a member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.
This report is made solely to the board of directors of the company, as a body, in accordance with the terms of our letter of engagement dated 18 April 2024. Our work has been undertaken solely to prepare for your approval the financial statements of the company, and state those matters that we have agreed to state to the board of directors of the company as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its board of directors as a body for our work or for this report.
It is your duty to ensure that the company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and financial performance of the company. You consider that the company is exempt from the requirement to have a statutory audit for the year ended 30 April 2024.
We have not been instructed to carry out any assurance service on the financial statements of the company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Select Accountancy Ltd FFA/FIPA FFTA Financial Accountants 11 Chapel Lane Arnold Nottingham NG5 7DR 31 October 2024
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Elm Electrical Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,309 
18,003 
Current assets
Debtors
13,498 
26,204 
Cash at bank and in hand
25,938 
25,833 
39,436 
52,037 
Creditors: amounts falling due within one year
(29,694)
(35,787)
Net current assets
9,742 
16,250 
Net assets
24,051 
34,253 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
23,951 
34,153 
Shareholders' funds
24,051 
34,253 
For the year ending 30 April 2024 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 1 November 2024 and were signed on its behalf by
Neil Marshall Director Company Registration No. 08989973
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Elm Electrical Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Elm Electrical Limited is a private company, limited by shares, registered in England and Wales, registration number 08989973. The registered office is 11 Chapel Lane, Arnold, Nottingham, Nottinghamshire, NG5 7DR.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Computer equipment
25% Reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 May 2023
2,086 
26,535 
3,387 
32,008 
Additions
1,300 
- 
233 
1,533 
Disposals
(456)
- 
(333)
(789)
At 30 April 2024
2,930 
26,535 
3,287 
32,752 
Depreciation
At 1 May 2023
979 
11,609 
1,417 
14,005 
Charge for the year
534 
3,731 
504 
4,769 
On disposals
(186)
- 
(145)
(331)
At 30 April 2024
1,327 
15,340 
1,776 
18,443 
Net book value
At 30 April 2024
1,603 
11,195 
1,511 
14,309 
At 30 April 2023
1,107 
14,926 
1,970 
18,003 
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Elm Electrical Limited Notes to the Accounts for the year ended 30 April 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
640 
514 
Accrued income and prepayments
329 
920 
Other debtors
12,529 
24,770 
13,498 
26,204 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
14,210 
17,649 
Taxes and social security
4,726 
9,309 
Other creditors
2,095 
2,095 
Loans from directors
8,401 
6,483 
Accruals
262 
251 
29,694 
35,787 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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