ELMBANK TRADERS LIMITED - Filleted accounts

Registered number

SC487473

ELMBANK TRADERS LIMITED

Filleted Accounts

31 January 2026

ELMBANK TRADERS LIMITED
Registered number:		SC487473
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Intangible assets	3		10,000			10,000
Tangible assets	4		11,200			12,444
			21,200			22,444

Current assets
Stocks		20,345			20,495
Debtors	5	25,000			25,000
Cash at bank and in hand		3,054			8,914
		48,399			54,409

Creditors: amounts falling due within one year	6	(27,850)			(38,068)

Net current assets			20,549			16,341

Total assets less current liabilities			41,749			38,785

Creditors: amounts falling due after more than one year	7		(3,643)			(14,291)

Provisions for liabilities			-			-


Net assets			38,106			24,494

Capital and reserves
Called up share capital			100			100
Share premium			-			-
Profit and loss account			38,006			24,394

Shareholders' funds			38,106			24,494

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




MOHAMMAD AYUB
Director
Approved by the board on 8 October 2026

ELMBANK TRADERS LIMITED
Notes to the Accounts
for the year ended 31 January 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at 10% reducing balance.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.


	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.




2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			2		2


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 February 2025					10,000
	Additions					-
	Disposals					-
	At 31 January 2026					10,000

	Amortisation
	At 1 February 2025					-
	Provided during the year					-
	On disposals					-
	At 31 January 2026					-

	Net book value
	At 31 January 2026					10,000
	At 31 January 2025					10,000

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Fixtures & Fittings		Motor vehicles		Total
£			£		£
	Cost
	At 1 February 2025	24,849		437		25,286
	Additions	-		-		-
	Surplus on revaluation	-		-		-
	Disposals	-		-		-
	At 31 January 2026	24,849		437		25,286

	Depreciation
	At 1 February 2025	12,557		285		12,842
	Charge for the year	1,229		15		1,244
	Surplus on revaluation	-		-		-
	On disposals	-		-		-
	At 31 January 2026	13,786		300		14,086

	Net book value
	At 31 January 2026	11,063		137		11,200
	At 31 January 2025	12,292		152		12,444






5	Debtors			2026		2025
£					£

	Other debtors			25,000		25,000
				25,000		25,000


6	Creditors: amounts falling due within one year			2026		2025
£					£

	Trade creditors			4,141		-
	Accruals			3,110		3,110
	Taxation and social security costs			12,069		22,061
	Other creditors			8,530		12,897
				27,850		38,068


7	Creditors: amounts falling due after one year			2026		2025
£					£

	Bank loans			3,643		14,291
				3,643		14,291



23	Other information

	ELMBANK TRADERS LIMITED is a private company limited by shares and incorporated in Scotland. Its registered office is:
	162 DARNLEY STREET

	GLASGOW

	G41 2LL