Elm Workspace Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10854858 (England and Wales)

Financial Statements

for the Year Ended 31 December 2021

for

Elm Workspace Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D J Spencer

R Hofen

I L Powell

REGISTERED OFFICE:

The Old Post Office

41-43 Market Place

Chippenham

Wiltshire

SN15 3HR

REGISTERED NUMBER:

10854858 (England and Wales)

ACCOUNTANTS:

Mander Duffill

Chartered Accountants

The Old Post Office

41-43 Market Place

Chippenham

Wiltshire

SN15 3HR

FIXED ASSETS

Tangible assets

4

12,309

26,876

CURRENT ASSETS

Stocks

14,356

36,392

Debtors

5

920,255

654,712

Cash in hand

-

86

934,611

691,190

CREDITORS

Amounts falling due within one year

6

717,551

549,248

NET CURRENT ASSETS

217,060

141,942

TOTAL ASSETS LESS CURRENT LIABILITIES

229,369

168,818

CREDITORS

Amounts falling due after more than one year

7

(39,200

)

(51,050

)

PROVISIONS FOR LIABILITIES

(2,339

)

(4,008

)

NET ASSETS

187,830

113,760

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

187,730

113,660

SHAREHOLDERS' FUNDS

187,830

113,760

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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 6 March 2022 and were signed on its behalf by:

D J Spencer - Director

1.	STATUTORY INFORMATION

Elm Workspace Ltd 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.

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, 25% on cost and 15% on reducing balance

Stocks

Stock has been valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress, cost includes a relevant proportion of overheads according to the stage manufacture or completion.

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 9 (2020 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2021

43,691

Additions

1,307

Disposals

(22,390

)

At 31 December 2021

22,608

DEPRECIATION

At 1 January 2021

16,815

Charge for year

3,280

Eliminated on disposal

(9,796

)

At 31 December 2021

10,299

NET BOOK VALUE

At 31 December 2021

12,309

At 31 December 2020

26,876

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

Plant and

machinery

etc

£

COST

At 1 January 2021

22,390

Disposals

(22,390

)

At 31 December 2021

-

DEPRECIATION

At 1 January 2021

9,796

Eliminated on disposal

(9,796

)

At 31 December 2021

-

NET BOOK VALUE

At 31 December 2021

-

At 31 December 2020

12,594

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Trade debtors

265,113

57,077

Other debtors

655,142

597,635

920,255

654,712

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Trade creditors

353,405

197,187

Other creditors

364,146

352,061

717,551

549,248

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.21

31.12.20

£

£

Other creditors

39,200

51,050

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Elm Office Holdings Limited.

The registered office address of Elm Office Holdings Limited is The Old Post Office, 41-43 Market Place, Chippenham, Wiltshire SN15 3HR.