REGISTERED NUMBER: 02573474 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

ELM CONSOLIDATORS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

W Mather

P A Walton

Secretary:

C Gembalczyk

Registered office:

3rd Floor Northern Assurance Buildings

9-21 Princess Street

Manchester

M2 4DN

Registered number:

02573474 (England and Wales)

Auditors:

S&W Audit

Northern Assurance Buildings

9-21 Princess Street

Manchester

M2 4DN

Fixed assets

Tangible assets

5

331

691

Investments

6

230

230

561

921

Current assets

Debtors

7

121,523

126,391

Cash at bank

797,340

725,542

918,863

851,933

Creditors

Amounts falling due within one year

8

249,952

187,905

Net current assets

668,911

664,028

Total assets less current liabilities

669,472

664,949

Capital and reserves

Called up share capital

9

900

900

Revaluation reserve

10

230

230

Other reserves

100

100

Retained earnings

668,242

663,719

Shareholders' funds

669,472

664,949

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

W Mather - Director

1.	Statutory information

Elm Consolidators Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The company's trading address is 25 Globe Industrial Estate, Rectory Road, Grays RM17 6ST.

2.	Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future event that are believed to be reasonable under the circumstances.

There are not considered to be any critical judgements in applying the company's accounting policies.

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The only estimate and assumption which has a significant risk of causing a material adjustment to the carrying amounts of assets or liabilities within the next financial year is the job estimate accrual. This is based on management's best estimate of the future costs relating to jobs completed pre year end.

Turnover

The company acts as an agent for the arrangement of freight forwarding services for third parties. Its turnover represents commissions and fees receivable net of discounts and VAT. Where the services provided include delivery the revenue is recognised on delivery to the customer, if not revenue is recognised when customs clearance takes place.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

Straight line over 6 years

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses.

Financial instruments

The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including trade and other debtors, loans to fellow group companies and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is

measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Other income

Other income relates to management charges receivable, rents receivable, grants, bank interest receivable and foreign exchange gains and losses. they are recognised on the accruals basis.

Bank interest receivable relates to interest gained on business reserve bank accounts charged at floating interest rates.

4.	Employees and directors

The average number of employees during the year was 5 (2024 - 6 ) .

5.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 1 April 2024

and 31 March 2025

6,889

Depreciation

At 1 April 2024

6,198

Charge for year

360

At 31 March 2025

6,558

Net book value

At 31 March 2025

331

At 31 March 2024

691

6.	Fixed asset investments

Other

investments

£

Cost

At 1 April 2024

and 31 March 2025

230

Net book value

At 31 March 2025

230

At 31 March 2024

230

7.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

89,720

85,814

Other debtors

31,803

40,577

121,523

126,391

8.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

194,948

135,855

Taxation and social security

6,096

7,724

Other creditors

48,908

44,326

249,952

187,905

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

900

Ordinary

£1

900

900

10.

Reserves

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

230

11.	Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Angela Chorlton FCA (Senior Statutory Auditor)

for and on behalf of S&W Audit

12.	Contingent liabilities

HSBC Bank plc hold a guarantee dated 24 August 1999 in favour of HM Revenue and Customs for a sum of £150,000 (2024 - £150,000).

13.	Related party transactions

A director of the company operates a loan account with the company, at the year end the company owed the director £12,178 (2024 - £14,087). The loan is interest free and repayable on demand.