Elmbid Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01971533

Elmbid Limited

Unaudited financial statements

31 January 2026

Elmbid Limited

Statement of financial position

31 January 2026

	2026		2025
Note	£	£	£	£

Fixed assets

Tangible assets	5	5,911	9,136
Investments	6	512,050	372,050
		---------	---------
		517,961	381,186

Current assets

Debtors	7	144,964	300,434
Cash at bank and in hand		34,574	17,695
		---------	---------
		179,538	318,129

Creditors: Amounts falling due within one year	8	( 1,148,852)		( 1,171,362)
		-----------		-----------
Net current liabilities			( 969,314)		( 853,233)
			---------		---------
Total assets less current liabilities			( 451,353)		( 472,047)

Creditors: Amounts falling due after more than one year	9	–	( 3,657)
		---------	---------
Net liabilities		( 451,353)	( 475,704)
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 451,453)	( 475,804)
	---------	---------
Shareholders deficit	( 451,353)	( 475,704)
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Elmbid Limited

Statement of financial position (continued)

31 January 2026

These financial statements were approved by the board of directors and authorised for issue on 17 August 2026 , and are signed on behalf of the board by:

Mr D R Parker
Director

Company registration number: 01971533

Elmbid Limited

Notes to the financial statements

Year ended 31 January 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Ilketshall Hall, Ilketshall St. Lawrence, Beccles, Suffolk, NR34 8NH.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The going concern basis is considered appropriate despite the adverse financial position disclosed in the balance sheet. The company continues to have the support of its bankers. Also, the directors and other loan creditors have given their assurance that they will continue to support the company by neither withdrawing substantial funds nor charging interest on their loan account with the company.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	15% straight line
Motor vehicles	-	15% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

4. Employee numbers

The average number of employees during the year was 2 (2025: 2 ).

5. Tangible assets

	Plant and machinery	Motor vehicles	Total
	£	£	£
Cost
At 1 February 2025 and 31 January 2026	1,958	21,495	23,453
	------	-------	-------
Depreciation
At 1 February 2025	1,958	12,359	14,317
Charge for the year	–	3,225	3,225
	------	-------	-------
At 31 January 2026	1,958	15,584	17,542
	------	-------	-------
Carrying amount
At 31 January 2026	–	5,911	5,911
	------	-------	-------
At 31 January 2025	–	9,136	9,136
	------	-------	-------

6. Investments

	Investments
	£
Cost
At 1 February 2025	372,050
Additions	140,000
	---------
At 31 January 2026	512,050
	---------
Impairment
At 1 February 2025 and 31 January 2026	–
	---------

Carrying amount
At 31 January 2026	512,050
	---------
At 31 January 2025	372,050
	---------

7. Debtors

	2026	2025
	£	£
Trade debtors	6,949	22,595
Other debtors	138,015	277,839
	---------	---------
	144,964	300,434
	---------	---------

The deferred taxation asset included in Other Debtors of £110,099 (2025: £112,018) will not be realised within one year.

8. Creditors: Amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	3,539	10,300
Trade creditors	2,118	–
Social security and other taxes	12,575	10,114
Other creditors	1,130,620	1,150,948
	-----------	-----------
	1,148,852	1,171,362
	-----------	-----------

9. Creditors: Amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	–	3,657
	----	------