Company No: 14259222 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	D N Philp
	G P Ruffell

REGISTERED OFFICE	Wellington Mill
	Whitelands Road
	Ashton-Under-Lyne
	OL6 6UH
	United Kingdom

COMPANY NUMBER

14259222 (England and Wales)

ACCOUNTANT	S&W Partners (Manchester) Limited
	Pall Mall
	1 Pollen Square
	59 King Street
	Manchester
	M2 4PD

	Note	31.01.2026		31.07.2024
		£		£
Fixed assets
Tangible assets	3	48,801		6,597
		48,801		6,597
Current assets
Debtors	4	383,317		97,990
Cash at bank and in hand		30,107		141,335
		413,424		239,325
Creditors: amounts falling due within one year	5	( 695,257)		( 218,027)
Net current (liabilities)/assets		(281,833)		21,298
Total assets less current liabilities		(233,032)		27,895
Net (liabilities)/assets		( 233,032)		27,895
Capital and reserves
Called-up share capital	6	100		100
Profit and loss account		( 233,132 )		27,795
Total shareholders' (deficit)/funds		( 233,032)		27,895

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

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Elm Fulfilment Limited (registered number: 14259222) were approved and authorised for issue by the Board of Directors on 23 October 2026. They were signed on its behalf by:

G P Ruffell Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Elm Fulfilment Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Wellington Mill, Whitelands Road, Ashton-Under-Lyne, OL6 6UH, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

Going concern

The company's balance sheet at 31 January 2026 shows net liabilities of £233,032 (2024 Net Assets: £27,895). The company is dependent, in the absence of other funding , on the continued support of group companies, who have confirmed their commitment to provide the necessary support.

On this basis the directors consider it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result if the company were unable to continue as a going concern.

Reporting period length

During the period, the company extended its accounting reference date from 31 July 2025 to 31 January 2026. Consequently, the current financial statements cover an 18‑month period from 1 August 2024 to 31 January 2026. Comparative amounts relate to the 12‑month period ended 31 July 2024. As a result of the change in reporting period, the comparative figures are not directly comparable with those of the current period.

Turnover

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

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.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	Period from 01.08.2024 to 31.01.2026		Year ended 31.07.2024
	Number		Number
Monthly average number of persons employed by the Company during the period, including directors	7		1

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 August 2024	6,786		6,786
Additions	52,320		52,320
At 31 January 2026	59,106		59,106
Accumulated depreciation
At 01 August 2024	189		189
Charge for the financial period	10,116		10,116
At 31 January 2026	10,305		10,305
Net book value
At 31 January 2026	48,801		48,801
At 31 July 2024	6,597		6,597

4. Debtors

	31.01.2026		31.07.2024
	£		£
Trade debtors	372,106		92,714
Corporation tax	6,367		0
Other debtors	4,844		5,276
	383,317		97,990

5. Creditors: amounts falling due within one year

	31.01.2026		31.07.2024
	£		£
Trade creditors	326,174		11,257
Amounts owed to Group undertakings	275,402		31,500
Taxation and social security	7,565		11,771
Other creditors	86,116		163,499
	695,257		218,027

6. Called-up share capital

	31.01.2026		31.07.2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

7. Related party transactions

As at 31 January 2026 there was £397,776 (2024 - £95,794) due to group companies included within creditors and trade creditors. During the year there were purchases of £381,564 (2024 - £113,803) from group companies.