Registration number: 03900658

Elmsvyne Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

Elmsvyne Limited

Company Information

Director

Mr Gary Christopher Bridgewater

Company secretary

Ms Pamela Ann Bridgewater

Registered office

209 Stourbridge Road Bromsgrove Worcestershire B61 0AT

Accountants

AIMS Bridge House River Side North Bewdley Worcestershire DY12 1AB

Elmsvyne Limited

(Registration number: 03900658)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	507,233	509,289
Current assets
Stocks	5	1,497,769	1,556,990
Debtors	6	518,878	519,226
Cash at bank and in hand		3,076	2,921
		2,019,723	2,079,137
Creditors: Amounts falling due within one year	7	(840,948)	(2,311,237)
Net current assets/(liabilities)		1,178,775	(232,100)
Total assets less current liabilities		1,686,008	277,189
Creditors: Amounts falling due after more than one year	7	(1,451,255)	(1,393,318)
Net assets/(liabilities)		234,753	(1,116,129)
Capital and reserves
Called up share capital	8	100	100
Retained earnings		234,653	(1,116,229)
Shareholders' funds/(deficit)		234,753	(1,116,129)

For the financial 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.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 23 September 2025
 

......................................... Mr Gary Christopher Bridgewater Director

Elmsvyne Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
209 Stourbridge Road
Bromsgrove
Worcestershire
B61 0AT
United Kingdom

These financial statements were authorised for issue by the director on 23 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Elmsvyne Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Elmsvyne Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

4	Tangible assets

	Land and buildings £	Fixtures and fittings £	Plant and machinery £	Office equipment £
Cost or valuation
At 1 January 2024	500,000	8,710	78,885	1,543
Additions	-	-	1,750	-
At 31 December 2024	500,000	8,710	80,635	1,543
Depreciation
At 1 January 2024	-	7,025	73,611	1,263
Charge for the year	-	-	1,756	-
At 31 December 2024	-	7,025	75,367	1,263
Carrying amount
At 31 December 2024	500,000	1,685	5,268	280
At 31 December 2023	500,000	1,685	5,274	280

	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2024	39,953	629,091
Additions	-	1,750
At 31 December 2024	39,953	630,841
Depreciation
At 1 January 2024	37,903	119,802
Charge for the year	2,050	3,806
At 31 December 2024	39,953	123,608
Carrying amount
At 31 December 2024	-	507,233
At 31 December 2023	2,050	509,289

Included within the net book value of land and buildings above is £500,000 (2023 - £500,000) in respect of freehold land and buildings.
 

Elmsvyne Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5

Stocks

	2024 £	2023 £
Work in progress	1,497,769	1,556,990

6

Debtors

Current	Note	2024 £	2023 £
Amounts owed by related parties		493,888	493,403
Prepayments		823	823
Other debtors		24,167	25,000
		518,878	519,226

7

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	9	-	10,000
Trade creditors		29,879	59,562
Taxation and social security		32,743	783,216
Accruals and deferred income		313,334	313,334
Other creditors		464,992	1,145,125
		840,948	2,311,237

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	9	1,451,255	1,393,318

Creditors include loans from commercial lenders which are secures of £1,190,402 (2023 - £1,378,318)

8	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

Elmsvyne Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

9	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	14,998	15,000
Other borrowings	1,436,257	1,378,318
	1,451,255	1,393,318

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	-	10,000