Elmfield (Doncaster) Limited 06902877 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is the wholesale supply of dairy products Digita Accounts Production Advanced 6.30.9574.0 true true 06902877 2023-08-01 2024-07-31 06902877 2024-07-31 06902877 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2024-07-31 06902877 core:CurrentFinancialInstruments 2024-07-31 06902877 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 06902877 core:Non-currentFinancialInstruments 2024-07-31 06902877 core:Non-currentFinancialInstruments core:AfterOneYear 2024-07-31 06902877 core:Goodwill 2024-07-31 06902877 core:FurnitureFittingsToolsEquipment 2024-07-31 06902877 core:LandBuildings 2024-07-31 06902877 core:MotorVehicles 2024-07-31 06902877 core:OtherPropertyPlantEquipment 2024-07-31 06902877 bus:SmallEntities 2023-08-01 2024-07-31 06902877 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 06902877 bus:FullAccounts 2023-08-01 2024-07-31 06902877 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 06902877 bus:RegisteredOffice 2023-08-01 2024-07-31 06902877 bus:CompanySecretary1 2023-08-01 2024-07-31 06902877 bus:Director1 2023-08-01 2024-07-31 06902877 bus:Director2 2023-08-01 2024-07-31 06902877 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-08-01 2024-07-31 06902877 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 06902877 core:Goodwill 2023-08-01 2024-07-31 06902877 core:FurnitureFittings 2023-08-01 2024-07-31 06902877 core:FurnitureFittingsToolsEquipment 2023-08-01 2024-07-31 06902877 core:LandBuildings 2023-08-01 2024-07-31 06902877 core:MotorVehicles 2023-08-01 2024-07-31 06902877 core:OtherPropertyPlantEquipment 2023-08-01 2024-07-31 06902877 core:PlantMachinery 2023-08-01 2024-07-31 06902877 countries:England 2023-08-01 2024-07-31 06902877 2023-07-31 06902877 core:Goodwill 2023-07-31 06902877 core:FurnitureFittingsToolsEquipment 2023-07-31 06902877 core:LandBuildings 2023-07-31 06902877 core:MotorVehicles 2023-07-31 06902877 core:OtherPropertyPlantEquipment 2023-07-31 06902877 2022-08-01 2023-07-31 06902877 2023-07-31 06902877 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-07-31 06902877 core:CurrentFinancialInstruments 2023-07-31 06902877 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 06902877 core:Non-currentFinancialInstruments 2023-07-31 06902877 core:Non-currentFinancialInstruments core:AfterOneYear 2023-07-31 06902877 core:Goodwill 2023-07-31 06902877 core:FurnitureFittingsToolsEquipment 2023-07-31 06902877 core:LandBuildings 2023-07-31 06902877 core:MotorVehicles 2023-07-31 06902877 core:OtherPropertyPlantEquipment 2023-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 06902877

Elmfield (Doncaster) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2024

 

Elmfield (Doncaster) Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Elmfield (Doncaster) Limited

Company Information

Directors

Mr C J Sayles

Mr R J Sayles

Company secretary

Mrs J Sayles

Registered office

Elmfield Farm
Moss Road
Moss
Doncaster
DN6 0HE

 

Elmfield (Doncaster) Limited

(Registration number: 06902877)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

20,000

20,000

Tangible assets

5

1,194,116

1,160,683

 

1,214,116

1,180,683

Current assets

 

Debtors

6

756,656

620,464

Cash at bank and in hand

 

85,346

44,954

 

842,002

665,418

Creditors: Amounts falling due within one year

7

(462,088)

(599,558)

Net current assets

 

379,914

65,860

Total assets less current liabilities

 

1,594,030

1,246,543

Creditors: Amounts falling due after more than one year

7

(34,559)

(55,921)

Net assets

 

1,559,471

1,190,622

Capital and reserves

 

Called up share capital

8

2

2

Retained earnings

1,559,469

1,190,620

Shareholders' funds

 

1,559,471

1,190,622

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 4 November 2024 and signed on its behalf by:
 

 

Elmfield (Doncaster) Limited

(Registration number: 06902877)
Balance Sheet as at 31 July 2024

.........................................
Mr C J Sayles
Director

.........................................
Mr R J Sayles
Director

 

Elmfield (Doncaster) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Elmfield Farm
Moss Road
Moss
Doncaster
DN6 0HE

These financial statements were authorised for issue by the Board on 4 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Elmfield (Doncaster) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% on reducing balance

Fixtures and fittings

25% on reducing balance

Motor vehicles

25% on reducing balance

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business im 2014, is being amortised over its estimated useful life.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

over 5 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Elmfield (Doncaster) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 37 (2023 - 30).

 

Elmfield (Doncaster) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 August 2023

20,000

20,000

At 31 July 2024

20,000

20,000

Amortisation

Carrying amount

At 31 July 2024

20,000

20,000

At 31 July 2023

20,000

20,000

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 August 2023

1,106,655

25,018

190,041

51,008

1,372,722

Additions

-

924

72,157

527

73,608

Disposals

-

-

(11,200)

-

(11,200)

At 31 July 2024

1,106,655

25,942

250,998

51,535

1,435,130

Depreciation

At 1 August 2023

-

21,644

141,570

48,825

212,039

Charge for the year

-

1,075

27,222

678

28,975

At 31 July 2024

-

22,719

168,792

49,503

241,014

Carrying amount

At 31 July 2024

1,106,655

3,223

82,206

2,032

1,194,116

At 31 July 2023

1,106,655

3,374

48,471

2,183

1,160,683

Included within the net book value of land and buildings above is £1,106,655 (2023 - £1,106,655) in respect of freehold land and buildings.
 

 

Elmfield (Doncaster) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

6

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

570,049

596,573

Amounts owed by related parties

165,205

-

Prepayments

 

15,402

10,470

Other debtors

 

6,000

13,421

   

756,656

620,464

 

Elmfield (Doncaster) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

291,706

373,044

Taxation and social security

136,896

11,897

Accruals and deferred income

2,892

2,517

Other creditors

30,594

212,100

462,088

599,558

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

34,559

55,921

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

         

9

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Other borrowings

34,559

55,921