1 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 8,184 8,184 785,000 785,000 785,000 xbrli:pure xbrli:shares iso4217:GBP 05027368 2024-02-01 2025-01-31 05027368 2025-01-31 05027368 2024-01-31 05027368 2023-02-01 2024-01-31 05027368 2024-01-31 05027368 2023-01-31 05027368 core:FurnitureFittings 2024-02-01 2025-01-31 05027368 bus:Director1 2024-02-01 2025-01-31 05027368 core:FurnitureFittings 2025-01-31 05027368 core:AfterOneYear 2025-01-31 05027368 core:AfterOneYear 2024-01-31 05027368 core:WithinOneYear 2025-01-31 05027368 core:WithinOneYear 2024-01-31 05027368 core:ShareCapital 2025-01-31 05027368 core:ShareCapital 2024-01-31 05027368 core:RetainedEarningsAccumulatedLosses 2025-01-31 05027368 core:RetainedEarningsAccumulatedLosses 2024-01-31 05027368 core:CostValuation core:Non-currentFinancialInstruments 2025-01-31 05027368 core:Non-currentFinancialInstruments 2025-01-31 05027368 core:Non-currentFinancialInstruments 2024-01-31 05027368 bus:SmallEntities 2024-02-01 2025-01-31 05027368 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 05027368 bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 05027368 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 05027368 bus:FullAccounts 2024-02-01 2025-01-31
COMPANY REGISTRATION NUMBER: 05027368
ELMARK SERVICES LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 January 2025
ELMARK SERVICES LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 JANUARY 2025
CONTENTS
PAGE
Statement of financial position
1
Notes to the financial statements
3
ELMARK SERVICES LIMITED
STATEMENT OF FINANCIAL POSITION
31 January 2025
2025
2024
Note
£
£
FIXED ASSETS
Investments
5
785,000
785,000
CURRENT ASSETS
Debtors
6
203,102
203,268
Cash at bank and in hand
40,212
27,741
-----------
-----------
243,314
231,009
CREDITORS: amounts falling due within one year
7
96,172
52,423
-----------
-----------
NET CURRENT ASSETS
147,142
178,586
-----------
-----------
TOTAL ASSETS LESS CURRENT LIABILITIES
932,142
963,586
CREDITORS: amounts falling due after more than one year
8
415,545
415,545
PROVISIONS
Taxation including deferred tax
129,752
129,752
-----------
-----------
NET ASSETS
386,845
418,289
-----------
-----------
ELMARK SERVICES LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 January 2025
2025
2024
Note
£
£
CAPITAL AND RESERVES
Called up share capital
1
1
Profit and loss account
386,844
418,288
-----------
-----------
SHAREHOLDERS FUNDS
386,845
418,289
-----------
-----------
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 .
These financial statements were approved by the board of directors and authorised for issue on 28 August 2025 , and are signed on behalf of the board by:
M V Homans
Director
Company registration number: 05027368
ELMARK SERVICES 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 Onega House, 112 Main Road, Sidcup, Kent, DA14 6NE, United Kingdom.
2. ACCOUNTING POLICIES
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.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
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.
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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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:
Fixtures and fittings
-
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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
3. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).
4. TANGIBLE ASSETS
Fixtures and fittings
Total
£
£
Cost
At 1 February 2024 and 31 January 2025
8,184
8,184
--------
--------
Depreciation
At 1 February 2024 and 31 January 2025
8,184
8,184
--------
--------
Carrying amount
At 31 January 2025
--------
--------
At 31 January 2024
--------
--------
5. INVESTMENTS
Investment property
£
Cost
At 1 February 2024 and 31 January 2025
785,000
-----------
Impairment
At 1 February 2024 and 31 January 2025
-----------
Carrying amount
At 31 January 2025
785,000
-----------
At 31 January 2024
785,000
-----------
6. DEBTORS
2025
2024
£
£
Other debtors
203,102
203,268
-----------
-----------
7. CREDITORS: amounts falling due within one year
2025
2024
£
£
Trade creditors
899
Other creditors
95,273
52,423
----------
----------
96,172
52,423
----------
----------
8. CREDITORS: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
415,545
415,545
-----------
-----------
9. DEFERRED TAX
The deferred tax included in the statement of financial position is as follows:
2025
2024
£
£
Included in provisions
129,752
129,752
-----------
-----------
10. CHARGES ON ASSETS
Included in other creditors is an amount of £415,545 (2024: £415,545) which is secured against the asset of the company.
11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES
During the year the directors did not enter into any advances, credits or guarantees with the company.