Elm Tree and Partners Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 06798692

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		2		2
Tangible Assets	5		530		1,428

			532		1,430
CURRENT ASSETS
Stocks	6	33,220		32,920
Debtors	7	337,222		314,953
Cash at bank and in hand		1,492		29

		371,934		347,902
Creditors: Amounts Falling Due Within One Year	8	(384,070 )		(361,124 )

NET CURRENT ASSETS (LIABILITIES)			(12,136 )		(13,222 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(11,604 )		(11,792 )

NET LIABILITIES			(11,604 )		(11,792 )

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			(11,704 )		(11,892 )

SHAREHOLDERS' FUNDS			(11,604)		(11,792)

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Elm Tree and Partners Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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

Mr S J Wilks

Director

1 December 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Elm Tree and Partners Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06798692 . The registered office is Unit 9 Groves Industrial Estate, Shipton Road, Milton-Under-Wychwood, Chipping Norton, Oxfordshire, OX7 6JF.

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

2.2. Going Concern Disclosure

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

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 - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life.

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Elm Tree and Partners Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

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:

Leasehold	20% straight line
Plant & Machinery	25% straight line
Motor Vehicles	25% straight line
Fixtures & Fittings	25% 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: 10 (2024: 10)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	38,808

As at 31 March 2025	38,808

Amortisation
As at 1 April 2024	38,806

As at 31 March 2025	38,806

Net Book Value
As at 31 March 2025	2

As at 1 April 2024	2

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Elm Tree and Partners Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 April 2024	19,498	80,906	7,400	18,199	126,003

As at 31 March 2025	19,498	80,906	7,400	18,199	126,003

Depreciation
As at 1 April 2024	19,498	79,580	7,400	18,097	124,575
Provided during the period	-	847	-	51	898

As at 31 March 2025	19,498	80,427	7,400	18,148	125,473

Net Book Value
As at 31 March 2025	-	479	-	51	530

As at 1 April 2024	-	1,326	-	102	1,428

6. Stocks

	2025	2024
	£	£
Materials	4,560	3,920
Finished goods	10,460	10,200
Work in progress	18,200	18,800

	33,220	32,920

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	38,356	38,356
Other debtors	298,866	275,439
Director's loan account	-	1,158

	337,222	314,953

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Elm Tree and Partners Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	40,444	35,503
Bank loans and overdrafts	160	4,156
Other taxes and social security	4,749	13,702
VAT	335,073	305,735
Net wages	-	100
Other creditors	445	-
Pensions payable	1,704	478
Accruals and deferred income	1,495	1,450

	384,070	361,124

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

10. Related Party Transactions

As at the 31 March 2025 the company was owed £298,866 (2024: £256,239) from Oak Windows and Doors Limited. A company controlled by the director Mr S Wilks.

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