Company Registration No. 09741366 (England and Wales)
Elmtree Road Limited
Unaudited accounts
for the year ended 31 August 2017
Elmtree Road Limited
Unaudited accounts
Contents
Elmtree Road Limited
Company Information
for the year ended 31 August 2017
Company Number
09741366 (England and Wales)
Registered Office
Upper Floors
99 Clapton Common
London
E5 9AB
England
Accountants
Precision Ltd
30 Castlewood Road
London
N16 6DW
Elmtree Road Limited
Statement of financial position
as at 31 August 2017
Inventories
1,359,401
1,609,465
Cash at bank and in hand
-
18
Creditors: amounts falling due within one year
(1,343,424)
(433,573)
Net current assets
60,346
1,204,592
Total assets less current liabilities
60,346
1,204,592
Creditors: amounts falling due after more than one year
-
(1,230,000)
Net assets/(liabilities)
60,346
(25,408)
Called up share capital
1
1
Profit and loss account
60,345
(25,409)
Shareholders' funds
60,346
(25,408)
For the year ending 31 August 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 28 May 2018.
Yisroel Kohn
Director
Company Registration No. 09741366
Elmtree Road Limited
Notes to the Accounts
for the year ended 31 August 2017
Elmtree Road Limited is a private company, limited by shares, registered in England and Wales, registration number 09741366. The registered office is Upper Floors, 99 Clapton Common, London, E5 9AB, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended
31 August 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 20 August 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in note
6 below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
5
Average number of employees
During the year the average number of employees was 0 (2016: 0).
6
Reconciliations on adoption of FRS 102
These are the first financial statements that comply with FRS 102.
The company transitioned to FRS 102 on 20 August 2015. No transitions were required in equity or profit or loss for the year.
