Elms Legal Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 09160334 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025

FOR

ELMS LEGAL LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

E J G Shoreman-Lawson

REGISTERED OFFICE:

31 Handley Street

Sleaford

NG34 7TQ

REGISTERED NUMBER:

09160334 (England and Wales)

ACCOUNTANTS:

Stephenson Nuttall & Co

Chartered Accountants

Ossington Chambers

6-8 Castle Gate

Newark

Nottinghamshire

NG24 1AX

FIXED ASSETS

Tangible assets

4

40,794

55,370

CURRENT ASSETS

Debtors

5

150,246

104,462

Cash at bank

78,831

125,283

229,077

229,745

CREDITORS

Amounts falling due within one year

6

209,614

152,407

NET CURRENT ASSETS

19,463

77,338

TOTAL ASSETS LESS CURRENT
LIABILITIES

60,257

132,708

CREDITORS

Amounts falling due after more than one year

7

(50,040

)

(59,581

)

PROVISIONS FOR LIABILITIES

9

(10,199

)

(13,843

)

NET ASSETS

18

59,284

CAPITAL AND RESERVES

Called up share capital

10

1

Retained earnings

17

59,283

SHAREHOLDERS' FUNDS

18

59,284

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12th May 2026 and were signed by:

E J G Shoreman-Lawson - Director

1.	STATUTORY INFORMATION

Elms Legal Ltd 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

COST

At 1st September 2024

3,479

86,136

28,602

118,217

Additions

-

515

At 31st August 2025

3,479

86,136

29,117

118,732

DEPRECIATION

At 1st September 2024

2,141

33,702

27,004

62,847

Charge for year

270

13,108

1,713

15,091

At 31st August 2025

2,411

46,810

28,717

77,938

NET BOOK VALUE

At 31st August 2025

1,068

39,326

400

40,794

At 31st August 2024

1,338

52,434

1,598

55,370

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/8/25

31/8/24

£

Trade debtors

85,391

80,764

Other debtors

55,691

14,303

Prepayments

9,164

9,395

150,246

104,462

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/8/25

31/8/24

£

Hire purchase contracts

9,541

Trade creditors

34,169

23,062

Tax

25,940

54,938

Social security and other taxes

59,042

37,798

Other creditors

57,531

20,939

Directors' current accounts

16,824

1,624

Accrued expenses

6,567

4,505

209,614

152,407

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/8/25

31/8/24

£

Hire purchase contracts

50,040

59,581

8.	SECURED DEBTS

The following secured debts are included within creditors:

31/8/25

31/8/24

£

Hire purchase contracts

59,581

69,122

The hire purchase creditors are secured on the assets to which they relate.

9.	PROVISIONS FOR LIABILITIES

31/8/25

31/8/24

£

Deferred tax

10,199

13,843

Deferred

tax

£

Balance at 1st September 2024

13,843

Credit to Statement of Income and Retained Earnings during year

(3,644

)

Balance at 31st August 2025

10,199

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/8/25

31/8/24

value:

£

1

Ordinary

£1

1