The Elm Tree (Elmton) Limited - Accounts to registrar (filleted) - small 18.2

The Elm Tree (Elmton) Limited - Accounts to registrar (filleted) - small 18.2

THE ELM TREE (ELMTON) LIMITED - Company Information

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REGISTERED NUMBER: 06828195 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

FOR

THE ELM TREE (ELMTON) LIMITED
THE ELM TREE (ELMTON) LIMITED (REGISTERED NUMBER: 06828195)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021










Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


THE ELM TREE (ELMTON) LIMITED (REGISTERED NUMBER: 06828195)

ABRIDGED BALANCE SHEET
30 JUNE 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 587,965 475,643

CURRENT ASSETS
Stocks 12,150 8,500
Debtors 96,548 70,044
Cash at bank and in hand 54,401 53,577
163,099 132,121
CREDITORS
Amounts falling due within one year 92,147 80,202
NET CURRENT ASSETS 70,952 51,919
TOTAL ASSETS LESS CURRENT
LIABILITIES
658,917
527,562

CREDITORS
Amounts falling due after more than one
year
(296,506
)
(232,485
)

PROVISIONS FOR LIABILITIES 5 (40,264 ) (18,923 )
NET ASSETS 322,147 276,154

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 322,047 276,054
SHAREHOLDERS' FUNDS 322,147 276,154

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these financial statements

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THE ELM TREE (ELMTON) LIMITED (REGISTERED NUMBER: 06828195)

ABRIDGED BALANCE SHEET - continued
30 JUNE 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 June 2021 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 October 2021 and were signed on its behalf by:





C J Norfolk - Director


The notes form part of these financial statements

Page 2
THE ELM TREE (ELMTON) LIMITED (REGISTERED NUMBER: 06828195)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021


1. STATUTORY INFORMATION

The Elm Tree (Elmton) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06828195

Registered office: The Elm Tree
Elmton
Derbyshire
S80 4LS

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

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

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.

Page 3 continued...
THE ELM TREE (ELMTON) LIMITED (REGISTERED NUMBER: 06828195)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2021


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2020 - 35 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2020 541,882
Additions 227,605
Disposals (59,518 )
At 30 June 2021 709,969
DEPRECIATION
At 1 July 2020 66,239
Charge for year 70,645
Eliminated on disposal (14,880 )
At 30 June 2021 122,004
NET BOOK VALUE
At 30 June 2021 587,965
At 30 June 2020 475,643

Page 4 continued...
THE ELM TREE (ELMTON) LIMITED (REGISTERED NUMBER: 06828195)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2021


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 July 2020 59,518
Additions 95,000
Disposals (59,518 )
At 30 June 2021 95,000
DEPRECIATION
At 1 July 2020 14,880
Charge for year 23,750
Eliminated on disposal (14,880 )
At 30 June 2021 23,750
NET BOOK VALUE
At 30 June 2021 71,250
At 30 June 2020 44,638

5. PROVISIONS FOR LIABILITIES
2021 2020
£    £   
Deferred tax 40,264 18,923

Deferred
tax
£   
Balance at 1 July 2020 18,923
Provided during year 21,341
Balance at 30 June 2021 40,264

6. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
100 Ordinary Shares 1 100 100

7. ULTIMATE CONTROLLING PARTY

The controlling party is C J Norfolk.

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