Elfin Kitchens Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Elfin Kitchens Limited

Company Information

Directors	Mr Thomas Barry McCain Mr Neill James Andrew

Registered office

Elfin House 3 Pedders Close Colchester Essex CO3 4QX

Accountants

Anthony Russel Limited 1st Floor 11 Freeport Office Village Century Drive Braintree Essex CM77 8YG

Elfin Kitchens Limited

(Registration number: 05709783)
Balance Sheet as at 28 February 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	566,696	597,538
Current assets
Stocks	6	107,389	204,167
Debtors	7	37,581	390,969
Cash at bank and in hand		664,303	492,369
		809,273	1,087,505
Creditors: Amounts falling due within one year	8	(469,436)	(481,854)
Net current assets		339,837	605,651
Total assets less current liabilities		906,533	1,203,189
Creditors: Amounts falling due after more than one year	8	(667,816)	(723,858)
Provisions for liabilities		(16,815)	(19,206)
Net assets		221,902	460,125
Capital and reserves
Called up share capital	9	26	32
Capital redemption reserve		25	19
Retained earnings		221,851	460,074
Shareholders' funds		221,902	460,125

For the financial year ending 28 February 2025 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Elfin Kitchens Limited

(Registration number: 05709783)
Balance Sheet as at 28 February 2025

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 6 November 2025 and signed on its behalf by:
 

......................................... Mr Thomas Barry McCain Director

Elfin Kitchens Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Elfin House
3 Pedders Close
Colchester
Essex
CO3 4QX
England

These financial statements were authorised for issue by the Board on 6 November 2025.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Foreign currency transactions and balances

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% on reducing balance

Elfin Kitchens Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Fixtures and fittings	25% on reducing balance
Computer equipment	25% on reducing balance
Improvement of property	10 years

Intangible assets

Development costs are being amortised over their estimated useful life on a 25% reducing balance basis.

Amortisation

Asset class	Amortisation method and rate
Website Development	10 Years

stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

Defined contribution pension obligation

The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to the profit and loss account in the period to which
they relate.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2024 - 6).

4	Profit before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	43,919	36,398

Elfin Kitchens Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

5	tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Improvements to property  £	Other tangible assets £
Cost or valuation
At 1 March 2024	464,225	29,844	71,310	212,785	56,758
Additions	-	5,960	13,750	-	-
Disposals	-	(894)	-	-	(42,663)
At 28 February 2025	464,225	34,910	85,060	212,785	14,095
Depreciation
At 1 March 2024	-	25,824	10,074	156,294	45,192
Charge for the year	-	1,576	18,174	21,278	2,892
Eliminated on disposal	-	(835)	-	-	(36,090)
At 28 February 2025	-	26,565	28,248	177,572	11,994
Carrying amount
At 28 February 2025	464,225	8,345	56,812	35,213	2,101
At 29 February 2024	464,225	4,020	61,236	56,491	11,566

Elfin Kitchens Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

	Total £
Cost or valuation
At 1 March 2024	834,922
Additions	19,710
Disposals	(43,557)
At 28 February 2025	811,075
Depreciation
At 1 March 2024	237,384
Charge for the year	43,920
Eliminated on disposal	(36,925)
At 28 February 2025	244,379
Carrying amount
At 28 February 2025	566,696
At 29 February 2024	597,538

Included within the net book value of land and buildings above is £464,225 (2024 - £464,225) in respect of freehold land and buildings.
 

6

stocks

	2025 £	2024 £
Other inventories	107,389	204,167

Elfin Kitchens Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

7

debtors

	Note	2025 £	2024 £
Trade debtors		28,714	87,918
Amounts owed by related parties	11	419	44,755
Other debtors		3,440	252,173
Prepayments		5,008	6,123
		37,581	390,969

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	10	66,678	68,653
Trade creditors		43,168	143,783
Social security and other taxes		76,271	85,421
Outstanding defined contribution pension costs		396	-
Other payables		109,340	80,769
Accruals		3,000	2,992
Income tax liability		170,583	100,236
		469,436	481,854
Due after one year
Loans and borrowings	10	667,816	723,858

Elfin Kitchens Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary A of £1 each	26	26	26	26
Ordinary B of £1 each	-	-	6	6
	26	26	32	32

Company has bought back 6 - B Ordinary Shares on 17/10/2024.

10	Loans and borrowings

	2025 £	2024 £
Non-current loans and borrowings
Bank borrowings	636,636	690,356
Hire purchase contracts	31,180	33,502
	667,816	723,858

	2025 £	2024 £
Current loans and borrowings
Bank borrowings	53,699	51,505
Hire purchase contracts	10,648	17,148
Other borrowings	2,331	-
	66,678	68,653

Elfin Kitchens Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

11	Related party transactions

Transactions with directors The following advances and credits to a director subsisted during the years ended 28 February 2025 and 29 February 2024: Interest is charged on the loan at 2.25%.

Transactions with directors

2025	At 1 March 2024 £	Advances to director £	Repayments by director £	At 28 February 2025 £
Director 1	22,606	104,113	(126,300)	419
Director 2	22,149	101,821	(126,300)	(2,330)
	44,755	205,935	(252,600)	(1,911)

2024	At 1 March 2023 £	Advances to director £	Repayments by director £	At 29 February 2024 £
Director 1	4,112	78,494	(60,000)	22,606
Director 2	4,112	78,037	(60,000)	22,149
	8,224	156,531	(120,000)	44,755