Company Registration No. 05318093 (England and Wales)
ELM BARNS LTD
Unaudited accounts
for the year ended 31 December 2024
ELM BARNS LTD
Unaudited accounts
Contents
ELM BARNS LTD
Company Information
for the year ended 31 December 2024
Directors
Steven Hearne
Joanne Hearne
Company Number
05318093 (England and Wales)
Registered Office
NANNY JO'S DAY NURSERY 3, FRINTON ROAD
THORPE LE SOKEN,
CLACTON ON SEA
ESSEX CO16 0JE
CO16 0JE
Accountants
Taxez
5 South Charlotte Street
Edinburgh
EH2 4AN
ELM BARNS LTD
Statement of financial position
as at 31 December 2024
Tangible assets
844,242
824,115
Cash at bank and in hand
159,988
128,447
Creditors: amounts falling due within one year
(145,394)
(119,986)
Net current assets
18,900
55,656
Total assets less current liabilities
863,142
879,771
Creditors: amounts falling due after more than one year
(124,750)
(190,873)
Provisions for liabilities
Deferred tax
(14,103)
(12,318)
Net assets
724,289
676,580
Called up share capital
10
10
Profit and loss account
724,279
676,570
Shareholders' funds
724,289
676,580
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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by
Steven Hearne
Director
Company Registration No. 05318093
ELM BARNS LTD
Notes to the Accounts
for the year ended 31 December 2024
ELM BARNS LTD is a private company, limited by shares, registered in England and Wales, registration number 05318093. The registered office is NANNY JO'S DAY NURSERY 3, FRINTON ROAD, THORPE LE SOKEN,, CLACTON ON SEA, ESSEX CO16 0JE, CO16 0JE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2%/3%/4% straight line
Plant & machinery
9%/10% straight line
Motor vehicles
10% straight line
Fixtures & fittings
6.67%/10%/20% straight line
Computer equipment
33% straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
ELM BARNS LTD
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 January 2024
1,267,860
53,427
101,929
184,092
28,574
1,635,882
Additions
6,741
14,098
41,997
16,415
2,917
82,168
At 31 December 2024
1,274,601
67,525
143,926
200,507
31,491
1,718,050
At 1 January 2024
531,579
38,012
64,763
148,839
28,574
811,767
Charge for the year
34,100
4,088
10,793
12,097
963
62,041
At 31 December 2024
565,679
42,100
75,556
160,936
29,537
873,808
At 31 December 2024
708,922
25,425
68,370
39,571
1,954
844,242
At 31 December 2023
736,281
15,415
37,166
35,253
-
824,115
Amounts falling due within one year
Trade debtors
2,865
45,754
Accrued income and prepayments
1,441
1,441
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
18,804
15,284
Taxes and social security
40,787
61,986
Loans from directors
42,987
41,997
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
124,750
190,873
8
Average number of employees
During the year the average number of employees was 38 (2023: 38).