The Elms Financial Services Limited 12819353 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is Financial Services Digita Accounts Production Advanced 6.30.9574.0 true 12819353 2023-09-01 2024-08-31 12819353 2024-08-31 12819353 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 12819353 bus:Micro-entities 2023-09-01 2024-08-31 12819353 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 12819353 bus:FullAccounts 2023-09-01 2024-08-31 12819353 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 12819353 bus:RegisteredOffice 2023-09-01 2024-08-31 12819353 bus:Director1 2023-09-01 2024-08-31 12819353 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12819353 bus:Agent1 2023-09-01 2024-08-31 12819353 countries:AllCountries 2023-09-01 2024-08-31 12819353 dpl:AdministrativeExpenses 2023-09-01 2024-08-31 12819353 dpl:CostSales 2023-09-01 2024-08-31 12819353 2022-09-01 2023-08-31 12819353 2023-08-31 12819353 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 12819353 dpl:AdministrativeExpenses 2022-09-01 2023-08-31 12819353 dpl:CostSales 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure

Registration number: 12819353

The Elms Financial Services Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2024

 

The Elms Financial Services Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

3

iXBRL Detailed Profit and Loss Account

5

 

The Elms Financial Services Limited

Company Information

Director

Mr Alan David Edward Morgan

Registered office

Argyle House
10 West Street
Gorseinon
Swansea
SA4 4AA

Accountants

Fergusons & Peters Chartered Accountants
Argyle House
10 West Street
Gorseinon
Swansea
SA4 4AA

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
The Elms Financial Services Limited
for the Year Ended 31 August 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Elms Financial Services Limited for the year ended 31 August 2024 as set out on pages 3 to 4 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of The Elms Financial Services Limited , as a body, in accordance with the terms of our engagement letter dated 9 November 2021. Our work has been undertaken solely to prepare for your approval the accounts of The Elms Financial Services Limited and state those matters that we have agreed to state to the Board of Directors of The Elms Financial Services Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Elms Financial Services Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that The Elms Financial Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of The Elms Financial Services Limited . You consider that The Elms Financial Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of The Elms Financial Services Limited . 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 accounts.

......................................

Fergusons & Peters Chartered Accountants
Argyle House
10 West Street
Gorseinon
Swansea
SA4 4AA

4 March 2025

 

The Elms Financial Services Limited

(Registration number: 12819353)
Balance Sheet as at 31 August 2024

2024
£

2023
£

Fixed assets

2,296

1,889

Current assets

41,421

35,892

Creditors: Amounts falling due within one year

(11,169)

(8,945)

Net current assets

30,252

26,947

Total assets less current liabilities

32,548

28,836

Accruals and deferred income

(820)

(780)

 

31,728

28,056

Capital and reserves

31,728

28,056

1

General information

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

The address of its registered office is:
Argyle House
10 West Street
Gorseinon
Swansea
SA4 4AA

These financial statements were authorised for issue by the director on 25 February 2025.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

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

Director's 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 director acknowledges his 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 micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

 

The Elms Financial Services Limited

(Registration number: 12819353)
Balance Sheet as at 31 August 2024

Approved and authorised by the director on 25 February 2025
 

.........................................
Mr Alan David Edward Morgan
Director

 

The Elms Financial Services Limited

iXBRL Detailed Profit and Loss Account for the Year Ended 31 August 2024

2024
£

2023
£

Turnover/revenue

101,899

80,346

Cost of sales

Purchase of raw materials and consumables

(1,961)

(2,111)

Gross profit

99,938

78,235

Distribution costs

Administrative expenses

Audit and accountancy other services

(1,134)

(1,038)

Advertising, promotions and marketing costs

(547)

(1,340)

Depreciation of property, plant and equipment

(880)

(803)

Salaries and fees, directors

(9,096)

(9,096)

Company contributions to money purchase plans, directors

(20,000)

(9,600)

Staff costs, directors

(29,096)

(18,696)

Travel and subsistence

(1,547)

(588)

Legal and professional costs

(6,346)

(5,778)

Bank charges

(153)

(93)

IT and computing

(2,206)

(2,023)

Telecommunications

(766)

(1,307)

Printing, postage and stationery

(854)

(577)

Subscriptions

(268)

(169)

Other costs

(312)

(463)

Other operating income

Other items

Profit on ordinary activities before finance charges and interest

55,829

45,360

Bank interest and similar income receivable

606

304

Profit on ordinary activities before taxation

56,435

45,664

Tax on profit or loss on ordinary activities

(11,097)

(8,789)

Profit for the financial year

45,338

36,875