REGISTERED NUMBER: 11743316 (England and Wales)

ELEMY LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr R A Brine

REGISTERED OFFICE:

G R P & Metalwork

Tod Point Road, Warrenby

Redcar

North Yorkshire

TS10 5BA

REGISTERED NUMBER:

11743316 (England and Wales)

ACCOUNTANTS:

ApC

Chartered Accountants

7 St John Street

Mansfield

Nottinghamshire

NG18 1QH

FIXED ASSETS

Intangible assets

5

24,706

49,531

Tangible assets

6

890,170

765,937

914,876

815,468

CURRENT ASSETS

Stocks

633,210

441,803

Debtors

7

1,012,828

650,446

Cash at bank

210,143

538,324

1,856,181

1,630,573

CREDITORS

Amounts falling due within one year

8

1,653,520

1,372,001

NET CURRENT ASSETS

202,661

258,572

TOTAL ASSETS LESS CURRENT LIABILITIES

1,117,537

1,074,040

CREDITORS

Amounts falling due after more than one year

9

(482,901

)

(537,170

)

PROVISIONS FOR LIABILITIES

(62,068

)

(35,274

)

NET ASSETS

572,568

501,596

CAPITAL AND RESERVES

Called up share capital

11

800

800

Retained earnings

571,768

500,796

SHAREHOLDERS' FUNDS

572,568

501,596

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 June 2026 and were signed by:

Mr R A Brine - Director

1.	STATUTORY INFORMATION

Elemy 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover represents the value excluding Value Added Tax of goods and services provided to customers during the year. In respect of goods and services provided, all income is taken to profit and loss at the same point as the right to receive consideration has been acquired.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Freehold property

-

2% straight line

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33.33% on reducing balance

Stocks

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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

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

Financial instruments

Financial instruments and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2025 - 15 ) .

5.	INTANGIBLE FIXED ASSETS

Development

Computer

costs

software

Totals

£

£

£

COST

At 1 April 2025

and 31 March 2026

276,067

7,460

283,527

AMORTISATION

At 1 April 2025

226,536

7,460

233,996

Amortisation for year

24,825

-

24,825

At 31 March 2026

251,361

7,460

258,821

NET BOOK VALUE

At 31 March 2026

24,706

-

24,706

At 31 March 2025

49,531

-

49,531

6.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2025

725,691

88,586

23,009

Additions

76,426

102,854

6,178

Disposals

-

(31,000

)

-

At 31 March 2026

802,117

160,440

29,187

DEPRECIATION

At 1 April 2025

41,274

28,884

9,549

Charge for year

17,386

11,738

2,741

Eliminated on disposal

-

(187

)

-

At 31 March 2026

58,660

40,435

12,290

NET BOOK VALUE

At 31 March 2026

743,457

120,005

16,897

At 31 March 2025

684,417

59,702

13,460

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2025

1,400

17,209

855,895

Additions

-

6,208

191,666

Disposals

-

(800

)

(31,800

)

At 31 March 2026

1,400

22,617

1,015,761

DEPRECIATION

At 1 April 2025

793

9,458

89,958

Charge for year

151

4,204

36,220

Eliminated on disposal

-

(400

)

(587

)

At 31 March 2026

944

13,262

125,591

NET BOOK VALUE

At 31 March 2026

456

9,355

890,170

At 31 March 2025

607

7,751

765,937

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

475,794

341,883

Amounts owed by related parties

511,659

197,928

Other debtors

5,199

10,000

Tax debtor

-

10,000

Prepayments and accrued income

20,176

90,635

1,012,828

650,446

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

64,559

56,676

Other loans

433,291

304,342

Hire purchase contracts

9,483

-

Trade creditors

615,125

434,873

Corporation tax

18,320

19,207

Social security and other taxes

12,729

20,361

Pension control

2,140

1,754

VAT

56,630

97,194

Other creditors

96,906

188,984

Wages control account

34,410

43,459

Directors' current accounts

85,829

103,296

Accruals and deferred income

224,098

101,855

1,653,520

1,372,001

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans - 1-2 years

72,959

56,676

Bank loans - 2-5 years

69,538

107,153

Bank loans - 5 plus years

234,726

275,381

Other loans more than 1 year

66,450

97,960

Hire purchase contracts

39,228

-

482,901

537,170

Amounts falling due in more than five years:

Repayable by instalments

Bank loans - 5 plus years

234,726

275,381

10.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

441,782

495,886

The mortgage loan is secured against the property it relates too.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

300

Ordinary

£1

300

300

299

Ordinary A

£1

299

299

201

Ordinary B

£1

201

201

800

800

During the last financial period all Ordinary, Ordinary A and Ordinary B shares were transferred to being owned by Elemy Group Limited.

12.	RELATED PARTY DISCLOSURES

During the period the company received financial assistance from their parent company Elemy Group Limited for the amount of £6,781 (2025:£151,755), the amount of £158,536 (2025:£151,755) was outstanding at the year end. Elemy Limited received financial assistance from Anglia Composites Limited for the amount of £10,000 (2025: gave £14,781), combined with trading debtors and creditors between these two companies, Anglia Composites owes Elemy Limited £353,123 (2025:£46,173) at the year end.

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the company is Elemy Group Limited.