2 false false false false false false false false false false true false false false false false false No description of principal activity 2024-02-01 Sage Accounts Production Advanced 2023 - FRS102_2023 130,050 372,000 130,000 372,050 372,050 130,050 xbrli:pure xbrli:shares iso4217:GBP 01971533 2024-02-01 2025-01-31 01971533 2025-01-31 01971533 2024-01-31 01971533 2023-02-01 2024-01-31 01971533 2024-01-31 01971533 2023-01-31 01971533 core:PlantMachinery 2024-02-01 2025-01-31 01971533 core:MotorVehicles 2024-02-01 2025-01-31 01971533 bus:Director3 2024-02-01 2025-01-31 01971533 core:PlantMachinery 2024-01-31 01971533 core:MotorVehicles 2024-01-31 01971533 core:PlantMachinery 2025-01-31 01971533 core:MotorVehicles 2025-01-31 01971533 core:WithinOneYear 2025-01-31 01971533 core:WithinOneYear 2024-01-31 01971533 core:AfterOneYear 2025-01-31 01971533 core:AfterOneYear 2024-01-31 01971533 core:UKTax 2024-02-01 2025-01-31 01971533 core:UKTax 2023-02-01 2024-01-31 01971533 core:ShareCapital 2025-01-31 01971533 core:ShareCapital 2024-01-31 01971533 core:RetainedEarningsAccumulatedLosses 2025-01-31 01971533 core:RetainedEarningsAccumulatedLosses 2024-01-31 01971533 core:CostValuation core:Non-currentFinancialInstruments 2024-01-31 01971533 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2025-01-31 01971533 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2025-01-31 01971533 core:CostValuation core:Non-currentFinancialInstruments 2025-01-31 01971533 core:Non-currentFinancialInstruments 2025-01-31 01971533 core:Non-currentFinancialInstruments 2024-01-31 01971533 core:PlantMachinery 2024-01-31 01971533 core:MotorVehicles 2024-01-31 01971533 bus:SmallEntities 2024-02-01 2025-01-31 01971533 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 01971533 bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 01971533 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 01971533 bus:FullAccounts 2024-02-01 2025-01-31 01971533 core:OfficeEquipment 2024-02-01 2025-01-31
COMPANY REGISTRATION NUMBER: 01971533
Elmbid Limited
Unaudited financial statements
31 January 2025
Elmbid Limited
Statement of financial position
31 January 2025
2025
2024
Note
£
£
£
£
Fixed assets
Tangible assets
5
9,136
12,629
Investments
6
372,050
130,050
---------
---------
381,186
142,679
Current assets
Debtors
7
300,434
462,664
Cash at bank and in hand
17,695
51,578
---------
---------
318,129
514,242
Creditors: Amounts falling due within one year
8
( 1,171,362)
( 1,136,304)
-----------
-----------
Net current liabilities
( 853,233)
( 622,062)
---------
---------
Total assets less current liabilities
( 472,047)
( 479,383)
Creditors: Amounts falling due after more than one year
9
( 3,657)
( 14,072)
---------
---------
Net liabilities
( 475,704)
( 493,455)
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 475,804)
( 493,555)
---------
---------
Shareholders deficit
( 475,704)
( 493,455)
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 31 January 2025 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Elmbid Limited
Statement of financial position (continued)
31 January 2025
These financial statements were approved by the board of directors and authorised for issue on 4 June 2025 , and are signed on behalf of the board by:
Mr D R Parker
Director
Company registration number: 01971533
Elmbid Limited
Accounting policies
Year ended 31 January 2025
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The going concern basis is considered appropriate despite the adverse financial position disclosed in the balance sheet. The company continues to have the support of its bankers. Also, the directors and other loan creditors have given their assurance that they will continue to support the company by neither withdrawing substantial funds nor charging interest on their loan account with the company.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
15% straight line
Motor vehicles
-
15% straight line
Office equipment
-
25% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Elmbid Limited
Notes to the financial statements
Year ended 31 January 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Ilketshall Hall, Ilketshall St. Lawrence, Beccles, Suffolk, NR34 8NH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Employee numbers
The average number of employees during the year was 2 (2024: 2 ).
4. Tax on profit
Major components of tax expense
2025
2024
£
£
Current tax:
UK current tax expense
1,527
2,147
Deferred tax:
Origination and reversal of timing differences
814
( 9)
------
------
Tax on profit
2,341
2,138
------
------
5. Tangible assets
Plant and machinery
Motor vehicles
Total
£
£
£
Cost
At 1 February 2024 and 31 January 2025
1,958
21,495
23,453
------
-------
-------
Depreciation
At 1 February 2024
1,689
9,135
10,824
Charge for the year
269
3,224
3,493
------
-------
-------
At 31 January 2025
1,958
12,359
14,317
------
-------
-------
Carrying amount
At 31 January 2025
9,136
9,136
------
-------
-------
At 31 January 2024
269
12,360
12,629
------
-------
-------
6. Investments
Investments
£
Cost
At 1 February 2024
130,050
Additions
372,000
Disposals
( 130,000)
---------
At 31 January 2025
372,050
---------
Impairment
At 1 February 2024 and 31 January 2025
---------
Carrying amount
At 31 January 2025
372,050
---------
At 31 January 2024
130,050
---------
7. Debtors
2025
2024
£
£
Trade debtors
22,595
4,134
Other debtors
277,839
458,530
---------
---------
300,434
462,664
---------
---------
The deferred taxation asset included in Other Debtors of £112,018 (2024: £112,832) will not be realised within one year.
8. Creditors: Amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
10,300
10,045
Trade creditors
1,512
Social security and other taxes
10,114
4,239
Other creditors
1,150,948
1,120,508
-----------
-----------
1,171,362
1,136,304
-----------
-----------
9. Creditors: Amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
3,657
14,072
------
-------