Elm Site Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05109035 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2020

for

Elm Site Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Steel

M B Walpole

SECRETARY:

M B Walpole

REGISTERED OFFICE:

3rd Floor

Scottish Mutual House

27-29 North Street

Hornchurch

Essex

RM11 1RS

REGISTERED NUMBER:

05109035 (England and Wales)

ACCOUNTANTS:

Bruce Allen LLP

Chartered Certified Accountants

3rd Floor

Scottish Mutual House

27-29 North Street

Hornchurch

Essex

RM11 1RS

FIXED ASSETS

Tangible assets

4

486,223

381,722

CURRENT ASSETS

Debtors

5

2,920,189

921,265

Cash at bank and in hand

1,039,329

1,424,566

3,959,518

2,345,831

CREDITORS

Amounts falling due within one year

6

3,732,056

2,074,173

NET CURRENT ASSETS

227,462

271,658

TOTAL ASSETS LESS CURRENT LIABILITIES

713,685

653,380

CREDITORS

Amounts falling due after more than one year

7

14,583

41,666

NET ASSETS

699,102

611,714

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

699,002

611,614

SHAREHOLDERS' FUNDS

699,102

611,714

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 3 August 2020 and were signed on its behalf by:

M Steel - Director

1.	STATUTORY INFORMATION

Elm Site Services Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

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.

Revenue is recognised at the date an invoice is raised.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 20 (2019 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2019

-

160,561

44,584

606,216

811,361

Additions

170,000

-

4,673

33,995

208,668

Disposals

-

-

-

(6,495

)

(6,495

)

At 31 March 2020

170,000

160,561

49,257

633,716

1,013,534

DEPRECIATION

At 1 April 2019

-

131,437

29,281

268,921

429,639

Charge for year

-

7,281

3,347

92,417

103,045

Eliminated on disposal

-

-

-

(5,373

)

(5,373

)

At 31 March 2020

-

138,718

32,628

355,965

527,311

NET BOOK VALUE

At 31 March 2020

170,000

21,843

16,629

277,751

486,223

At 31 March 2019

-

29,124

15,303

337,295

381,722

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

Motor

vehicles

£

COST

At 1 April 2019

and 31 March 2020

106,500

DEPRECIATION

At 1 April 2019

36,000

Charge for year

17,625

At 31 March 2020

53,625

NET BOOK VALUE

At 31 March 2020

52,875

At 31 March 2019

70,500

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

1,298,854

883,699

Other debtors

1,621,335

37,566

2,920,189

921,265

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Hire purchase contracts

12,500

25,000

Trade creditors

3,356,774

1,609,730

Taxation and social security

316,282

403,411

Other creditors

46,500

36,032

3,732,056

2,074,173

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.20

31.3.19

£

£

Hire purchase contracts

14,583

41,666

8.	ULTIMATE CONTROLLING PARTY

The directors are the ultimate controlling party by virtue of their ability to act in concert.