Elmexicana Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 14673144

		31 December 2024		31 December 2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		86,364		74,421
Tangible Assets	5		274,716		333,726

			361,080		408,147
CURRENT ASSETS
Stocks	6	47,472		34,797
Debtors	7	221,183		77,646
Cash at bank and in hand		705		8,832

		269,360		121,275
Creditors: Amounts Falling Due Within One Year	8	(659,273 )		(523,481 )

NET CURRENT ASSETS (LIABILITIES)			(389,913 )		(402,206 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(28,833 )		5,941

NET (LIABILITIES)/ASSETS			(28,833 )		5,941

CAPITAL AND RESERVES
Called up share capital			100		100
Fair value reserve	9		278,468		337,500
Profit and Loss Account			(307,401 )		(331,659 )

SHAREHOLDERS' FUNDS			(28,833)		5,941

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Elmexicana Limited

Balance Sheet (continued)

As At 31 December 2024

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

P C Stagg

Director

16/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Elmexicana Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14673144 . The registered office is Unit Q Gunnels Wood Park, Gunnels Wood Road, Stevenage, SG1 2BH.

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. Going Concern Disclosure

The company continues to have the financial support of it's directors and shareholders and so these accounts are prepared on a going concern basis.

2.3. 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.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Intangible assets are being amortised over their useful life of 3 or 10 years.

2.5. 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:

Plant & Machinery	33% Straight line
Motor Vehicles	33% Straight line
Fixtures & Fittings	33%/20%/10% Straight line
Computer Equipment	33% Straight line

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 16 (2023: 17)

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Elmexicana Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2024	77,921
Additions	23,573

As at 31 December 2024	101,494

Amortisation
As at 1 January 2024	3,500
Provided during the period	11,630

As at 31 December 2024	15,130

Net Book Value
As at 31 December 2024	86,364

As at 1 January 2024	74,421

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2024	7,909	12,706	318,574	-	339,189
Additions	2,197	-	6,440	307	8,944

As at 31 December 2024	10,106	12,706	325,014	307	348,133

Depreciation
As at 1 January 2024	479	1,412	3,572	-	5,463
Provided during the period	3,058	4,235	60,644	17	67,954

As at 31 December 2024	3,537	5,647	64,216	17	73,417

Net Book Value
As at 31 December 2024	6,569	7,059	260,798	290	274,716

As at 1 January 2024	7,430	11,294	315,002	-	333,726

6. Stocks

	31 December 2024	31 December 2023
	£	£
Stock	47,472	34,797

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Elmexicana Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Debtors

	31 December 2024	31 December 2023
	£	£
Due within one year
Trade debtors	-	4,788
Other debtors	221,183	72,858

	221,183	77,646

8. Creditors: Amounts Falling Due Within One Year

	31 December 2024	31 December 2023
	£	£
Trade creditors	48,737	59,748
Other taxes and social security	8,419	18,443
VAT	154,243	24,556
Other creditors	406,694	381,648
Accruals and deferred income	41,180	39,086

	659,273	523,481

9. Reserves

	Fair Value Reserve
	£
As at 1 January 2024	337,500
Transfer to profit and loss	(59,032 )

As at 31 December 2024	278,468

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