Caseware UK (AP4) 2024.0.164 2024.0.164 2023-06-01falsetrueNo description of principal activity88falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02499874 2023-06-01 2024-03-31 02499874 2022-06-01 2023-05-31 02499874 2024-03-31 02499874 2023-05-31 02499874 c:Director1 2023-06-01 2024-03-31 02499874 c:Director1 2024-03-31 02499874 c:RegisteredOffice 2023-06-01 2024-03-31 02499874 d:Buildings 2023-06-01 2024-03-31 02499874 d:Buildings 2024-03-31 02499874 d:Buildings 2023-05-31 02499874 d:Buildings d:OwnedOrFreeholdAssets 2023-06-01 2024-03-31 02499874 d:PlantMachinery 2023-06-01 2024-03-31 02499874 d:PlantMachinery 2024-03-31 02499874 d:PlantMachinery 2023-05-31 02499874 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-03-31 02499874 d:FurnitureFittings 2023-06-01 2024-03-31 02499874 d:FurnitureFittings 2024-03-31 02499874 d:FurnitureFittings 2023-05-31 02499874 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-03-31 02499874 d:OfficeEquipment 2023-06-01 2024-03-31 02499874 d:OfficeEquipment 2024-03-31 02499874 d:OfficeEquipment 2023-05-31 02499874 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-03-31 02499874 d:OwnedOrFreeholdAssets 2023-06-01 2024-03-31 02499874 d:CurrentFinancialInstruments 2024-03-31 02499874 d:CurrentFinancialInstruments 2023-05-31 02499874 d:Non-currentFinancialInstruments 2024-03-31 02499874 d:Non-currentFinancialInstruments 2023-05-31 02499874 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 02499874 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 02499874 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 02499874 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 02499874 d:ShareCapital 2024-03-31 02499874 d:ShareCapital 2023-05-31 02499874 d:RetainedEarningsAccumulatedLosses 2024-03-31 02499874 d:RetainedEarningsAccumulatedLosses 2023-05-31 02499874 c:OrdinaryShareClass1 2023-06-01 2024-03-31 02499874 c:OrdinaryShareClass1 2024-03-31 02499874 c:OrdinaryShareClass1 2023-05-31 02499874 c:OrdinaryShareClass2 2023-06-01 2024-03-31 02499874 c:OrdinaryShareClass2 2024-03-31 02499874 c:OrdinaryShareClass2 2023-05-31 02499874 c:FRS102 2023-06-01 2024-03-31 02499874 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-03-31 02499874 c:FullAccounts 2023-06-01 2024-03-31 02499874 c:PrivateLimitedCompanyLtd 2023-06-01 2024-03-31 02499874 2 2023-06-01 2024-03-31 02499874 e:PoundSterling 2023-06-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 02499874









Elmecon Limited







Unaudited

Financial statements

For the Period Ended 31 March 2024

 
Elmecon Limited
 
 
Company Information


Director
L G Hall (appointed 3 April 2024)




Registered number
02499874



Registered office
c/o MSS Products Ltd
Bankfield Road

Tyldesley

Manchester

M29 8QH




Accountants
Hurst Accountants Limited
Chartered Accountants

3 Stockport Exchange

Stockport

Cheshire

SK1 3GG





 
Elmecon Limited
 

Contents



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 8


 
Elmecon Limited
Registered number: 02499874

Balance Sheet
As at 31 March 2024

31 March
31 May
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
167,963
174,155

Current assets
  

Debtors: amounts falling due within one year
 5 
91,315
188,128

Cash at bank and in hand
 6 
170,512
149,422

  
261,827
337,550

Creditors: amounts falling due within one year
 7 
(33,693)
(72,737)

Net current assets
  
 
 
228,134
 
 
264,813

Total assets less current liabilities
  
396,097
438,968

Creditors: amounts falling due after more than one year
 8 
(42,854)
(44,187)

Provisions for liabilities
  

Deferred tax
  
-
(3,306)

Net assets
  
353,243
391,475


Capital and reserves
  

Called up share capital 
 9 
1,040
1,040

Profit and loss account
  
352,203
390,435

  
353,243
391,475


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.



 
Page 1

 
Elmecon Limited
Registered number: 02499874
    
Balance Sheet (continued)
As at 31 March 2024


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

L G Hall
Director

Date: 22 April 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
Elmecon Limited
 
 
 
Notes to the Financial Statements
For the Period Ended 31 March 2024

1.


General information

Elmecon Limited is a private company, limited by shares. The company is incorporated in England, registered number 02499874. The address of the registered office and principal place of business is 66 Outram Street, Sutton In Ashfield, Nottinghamshire, NG17 4FS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The reporting period is the 10 months ended 31 March 2024. As the previous reporting period was the year ended 31 May 2023, the comparative amounts presented in the financial statements are not entirely comparable.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss within 'administrative expenses'.

Page 3

 
Elmecon Limited
 
 
 
Notes to the Financial Statements
For the Period Ended 31 March 2024

2.Accounting policies (continued)

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 
Elmecon Limited
 
 
 
Notes to the Financial Statements
For the Period Ended 31 March 2024

2.Accounting policies (continued)

 
2.7

Current and deferred taxation

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

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as stated below.

Depreciation is provided on the following basis:

Freehold property
-
2%
on cost
Plant and machinery
-
25%
on reducing balance
Fixtures and fittings
-
25%
on reducing balance
Office equipment
-
25%
on reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

Page 5

 
Elmecon Limited
 
 
 
Notes to the Financial Statements
For the Period Ended 31 March 2024

2.Accounting policies (continued)

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. 

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the period was 8 (2023 - 8).


4.


Tangible fixed assets







Freehold property
Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost


At 1 June 2023
234,199
3,671
74,113
59,927
371,910


Additions
-
-
-
910
910



At 31 March 2024

234,199
3,671
74,113
60,837
372,820



Depreciation


At 1 June 2023
74,944
2,123
72,293
48,395
197,755


Charge for the period
3,903
323
379
2,497
7,102



At 31 March 2024

78,847
2,446
72,672
50,892
204,857



Net book value



At 31 March 2024
155,352
1,225
1,441
9,945
167,963



At 31 May 2023
159,255
1,548
1,820
11,532
174,155

Page 6

 
Elmecon Limited
 
 
 
Notes to the Financial Statements
For the Period Ended 31 March 2024

5.


Debtors

31 March
31 May
2024
2023
£
£


Trade debtors
86,758
118,359

Other debtors
-
66,004

Prepayments and accrued income
4,557
3,765

91,315
188,128



6.


Cash and cash equivalents

31 March
31 May
2024
2023
£
£

Cash at bank and in hand
170,512
149,422



7.


Creditors: Amounts falling due within one year

31 March
31 May
2024
2023
£
£

Trade creditors
1,566
10,932

Other taxation and social security
15,574
16,289

Other creditors
14,028
42,195

Accruals and deferred income
2,525
3,321

33,693
72,737



8.


Creditors: Amounts falling due after more than one year

31 March
31 May
2024
2023
£
£

Other creditors
42,854
44,187


Page 7

 
Elmecon Limited
 
 
 
Notes to the Financial Statements
For the Period Ended 31 March 2024

9.


Share capital

31 March
31 May
2024
2023
£
£
Allotted, called up and fully paid



1,000 (2023 - 1,000) Ordinary A shares of £1.00 each
1,000
1,000
40 (2023 - 40) Ordinary B shares of £1.00 each
40
40

1,040

1,040

The ordinary B shares carry no voting rights.



10.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund. Contributions totalling £3,913 (2023: £3,277) were payable to the fund at the balance sheet date and are included in creditors.


11.


Controlling party

During the year, there was no controlling party.
Subsequent to the year end, on 3 April 2024, the entire share capital of Elmecon Limited was acquired by Chambertin Capital Limited, a company registered in England (company number 05617608).
The ultimate controlling party is Stellex Capital Holdings II Luxembourg SARL, a company incorporated in Luxembourg.

 
Page 8