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REGISTERED NUMBER: 07780767 (England and Wales)











Financial Statements

for the Year Ended 30 November 2024

for

ELMI LIMITED

ELMI LIMITED (REGISTERED NUMBER: 07780767)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ELMI LIMITED

Company Information
for the Year Ended 30 November 2024







DIRECTOR: Mr S South





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 07780767 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

ELMI LIMITED (REGISTERED NUMBER: 07780767)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £   
CURRENT ASSETS
Debtors 4 1,884,660 1,621,900
Cash at bank 1,120 1,200
1,885,780 1,623,100
CREDITORS
Amounts falling due within one year 5 899,401 987,070
NET CURRENT ASSETS 986,379 636,030
TOTAL ASSETS LESS CURRENT
LIABILITIES

986,379

636,030

CAPITAL AND RESERVES
Called up share capital 6 102 102
Retained earnings 986,277 635,928
SHAREHOLDERS' FUNDS 986,379 636,030

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 August 2025 and were signed by:





Mr S South - Director


ELMI LIMITED (REGISTERED NUMBER: 07780767)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Elmi Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 986,042 1,281,697
VAT - 267
Prepayments and accrued income 898,618 339,936
1,884,660 1,621,900

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Amounts owed to related parties 542,779 816,479
Tax 130,458 98,803
VAT 15,848 -
Other creditors 69,495 63,921
Directors' current accounts 131,454 -
Accruals and deferred income 9,367 7,867
899,401 987,070

ELMI LIMITED (REGISTERED NUMBER: 07780767)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
90 A Class Ordinary £1 90 90
10 B Class Ordinary £1 10 10
1 C Class Ordinary £1 1 1
1 D Class Ordinary £1 1 1
102 102

7. RELATED PARTY DISCLOSURES

As at the balance sheet date, included in creditors due within one year is £131,454 (2023: £Nil) due and payable to the director.

At the balance sheet date, included in debtors due within one year is £986,042 (2023: £1,281,697) due from McLaren Resourcing LLP.

At the balance sheet date, the company has a closing balance of £371,900 (2023: £203,600) owed to McLaren Resourcing LLP in which the director is a designated member and £170,879 (2023: £612,879) owed to Elmiy South Limited, related by virtue of the fact that they are under common control.