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Company Registration No. 12720434 (England and Wales)
Elm Technologies Ltd Unaudited accounts for the year ended 31 July 2025
Elm Technologies Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Elm Technologies Ltd Company Information for the year ended 31 July 2025
Directors
Cian Patrick Kennedy Emily Prevezer
Company Number
12720434 (England and Wales)
Registered Office
Riley Studios 724 Holloway Road London N19 3JD England
Accountants
Multiply Accountancy Limited 71-75 Shelton Street London WC2H 9JQ
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Elm Technologies Ltd Statement of financial position as at 31 July 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
258,810
133,926
Tangible assets
5
3,428
-
262,238
133,926
Current assets
Debtors
6
48,621
20,693
Cash at bank and in hand
118,616
60,861
167,237
81,554
Creditors: amounts falling due within one year
7
(131,248)
(59,158)
Net current assets
35,989
22,396
Total assets less current liabilities
298,227
156,322
Creditors: amounts falling due after more than one year
8
(30,000)
(30,000)
Net assets
268,227
126,322
Capital and reserves
Called up share capital
9
2
2
Share premium
249,997
249,997
Profit and loss account
18,228
(123,677)
Shareholders' funds
268,227
126,322
For the year ending 31 July 2025 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 23 December 2025 and were signed on its behalf by
Cian Patrick Kennedy Director Company Registration No. 12720434
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Elm Technologies Ltd Notes to the Accounts for the year ended 31 July 2025
1
Statutory information
Elm Technologies Ltd is a private company, limited by shares, registered in England and Wales, registration number 12720434. The registered office is Riley Studios, 724 Holloway Road, London, N19 3JD, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Fixtures & fittings
33% straight line
Computer equipment
33% straight line
Turnover
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Development costs
Expenditure on development is capitalised where the company has the financial and technical resources to complete the project, and there is an expected future economic benefit.
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Elm Technologies Ltd Notes to the Accounts for the year ended 31 July 2025
4
Intangible fixed assets
Other
£
Cost
At 1 August 2024
148,807
Additions
155,294
At 31 July 2025
304,101
Amortisation
At 1 August 2024
14,881
Charge for the year
30,410
At 31 July 2025
45,291
Net book value
At 31 July 2025
258,810
At 31 July 2024
133,926
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 August 2024
1,363
2,831
4,194
Additions
749
3,352
4,101
At 31 July 2025
2,112
6,183
8,295
Depreciation
At 1 August 2024
1,363
2,831
4,194
Charge for the year
21
652
673
At 31 July 2025
1,384
3,483
4,867
Net book value
At 31 July 2025
728
2,700
3,428
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Accrued income and prepayments
6,433
20,693
Other debtors
42,188
-
48,621
20,693
7
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
37,447
25,733
Trade creditors
10,424
1,500
Taxes and social security
58,505
9,053
Loans from directors
17,673
17,673
Accruals
7,199
5,199
131,248
59,158
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Elm Technologies Ltd Notes to the Accounts for the year ended 31 July 2025
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
30,000
30,000
9
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
2,379,502 Ordinary shares of £0.000001 each
2.37
2.37
10
Transactions with related parties
During the year ended 31st July 2023, the company received a loan of £30,000 from Thirty Three Holdings Limited, a UK registered company which holds a participating interest in the company. The loan was provided with no formal interest or repayment terms. As at the balance sheet date, the full amount of £30,000 remains repayable.
11
Average number of employees
During the year the average number of employees was 6 (2024: 6).
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