Elmwood Contracting Services Ltd

Registered number

11344773

Filleted Accounts

31 March 2025

Elmwood Contracting Services Ltd
Registered number:		11344773
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		103,692			113,349

Current assets
Debtors	4	738			24,723
Cash at bank and in hand		37,956			18,074
		38,694			42,797

Creditors: amounts falling due within one year	5	(18,169)			(15,908)

Net current assets			20,525			26,889

Total assets less current liabilities			124,217			140,238

Creditors: amounts falling due after more than one year	6		(305,800)			(312,551)



Net liabilities			(181,583)			(172,313)

Capital and reserves
Called up share capital			100			100
Profit and loss account			(181,683)			(172,413)

Shareholders' funds			(181,583)			(172,313)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Thomas Allen
Director
Approved by the board on 4 December 2025

Elmwood Contracting Services Ltd
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			2		2


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	98,835		154,319		253,154
	Additions	20,920		12,745		33,665
	Disposals	(3,200)		(43,945)		(47,145)
	At 31 March 2025	116,555		123,119		239,674

	Depreciation
	At 1 April 2024	41,726		98,079		139,805
	Charge for the year	11,410		13,013		24,423
	On disposals	(1,235)		(27,011)		(28,246)
	At 31 March 2025	51,901		84,081		135,982

	Net book value
	At 31 March 2025	64,654		39,038		103,692
	At 31 March 2024	57,109		56,240		113,349


4	Debtors			2025		2024
£					£

	Trade debtors			-		8,100
	Other debtors			738		16,623
				738		24,723


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			17,143		2,361
	Taxation and social security costs			(1,174)		11,526
	Other creditors			2,200		2,021
				18,169		15,908


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			5,158		8,951
	Obligations under finance lease and hire purchase contracts			38,005		28,956
	Directors Loan Account			262,637		274,644
				305,800		312,551


7	Other information

	Elmwood Contracting Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Elmwood Lodge Lane
	Kirkby in Ashfield
	Nottingham
	NG17 7QL