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Registered number: 10422373
Elms Health Solutions Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
JMJ and Associates Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10422373
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 10,082 382
Tangible Assets 5 10,000 33,693
20,082 34,075
CURRENT ASSETS
Debtors 6 88,598 80,601
Cash at bank and in hand 29,552 16,198
118,150 96,799
Creditors: Amounts Falling Due Within One Year 7 (84,660 ) (73,291 )
NET CURRENT ASSETS (LIABILITIES) 33,490 23,508
TOTAL ASSETS LESS CURRENT LIABILITIES 53,572 57,583
Creditors: Amounts Falling Due After More Than One Year 8 (35,008 ) (41,589 )
NET ASSETS 18,564 15,994
CAPITAL AND RESERVES
Called up share capital 9 2,000 2,000
Profit and Loss Account 16,564 13,994
SHAREHOLDERS' FUNDS 18,564 15,994
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Page 2
For the year ending 31 December 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Munyaradzi Mafemba
Director
10/08/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Elms Health Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10422373 . The registered office is 1010 Cambourne Business Park, Great Cambourne, Cambridge, Cambridgeshire, CB23 6DP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 20 (2023: 20)
20 20
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 14,583
Additions 10,400
As at 31 December 2024 24,983
Amortisation
As at 1 January 2024 14,201
Provided during the period 700
As at 31 December 2024 14,901
Net Book Value
As at 31 December 2024 10,082
As at 1 January 2024 382
5. Tangible Assets
Investment Properties Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 14,477 50,208 2,390 7,410 74,485
Additions - - 33 1,300 1,333
As at 31 December 2024 14,477 50,208 2,423 8,710 75,818
Depreciation
As at 1 January 2024 2,284 33,155 2,360 2,993 40,792
Provided during the period 12,193 8,257 41 4,535 25,026
As at 31 December 2024 14,477 41,412 2,401 7,528 65,818
Net Book Value
As at 31 December 2024 - 8,796 22 1,182 10,000
As at 1 January 2024 12,193 17,053 30 4,417 33,693
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 77,056 52,857
Prepayments and accrued income 1,495 -
Other debtors 1,495 -
Other debtors (1) - 771
VAT 2,329 1,925
Directors' loan accounts 6,223 25,048
88,598 80,601
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 51,057 1,282
Bank loans and overdrafts 10,813 52,178
Other creditors 20,001 -
Other creditors (1) 2,789 1,717
Directors' loan accounts - 18,114
84,660 73,291
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 14,439 24,115
Corporation tax 4,512 5,378
Other taxes and social security 16,057 12,096
35,008 41,589
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2,000 2,000
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
The above loan is unsecured, interest free and repayable on demand.
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