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 2018

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

168,472

149,755

CURRENT ASSETS

Debtors

5

1,545,333

985,719

Cash at bank

516,864

121,337

2,062,197

1,107,056

CREDITORS

Amounts falling due within one year

6

1,418,259

537,630

NET CURRENT ASSETS

643,938

569,426

TOTAL ASSETS LESS CURRENT LIABILITIES

812,410

719,181

CREDITORS

Amounts falling due after more than one year

7

63,603

74,963

NET ASSETS

748,807

644,218

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

748,707

644,118

SHAREHOLDERS' FUNDS

748,807

644,218

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 17 August 2018 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 10 (2017 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2017

138,340

35,693

232,157

406,190

Additions

17,221

7,491

62,900

87,612

Disposals

-

-

(18,400

)

(18,400

)

At 31 March 2018

155,561

43,184

276,657

475,402

DEPRECIATION

At 1 April 2017

110,451

22,588

123,396

256,435

Charge for year

-

3,346

50,329

53,675

Eliminated on disposal

-

-

(3,180

)

(3,180

)

At 31 March 2018

110,451

25,934

170,545

306,930

NET BOOK VALUE

At 31 March 2018

45,110

17,250

106,112

168,472

At 31 March 2017

27,889

13,105

108,761

149,755

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

Motor

vehicles

£

COST

At 1 April 2017

107,650

Additions

50,000

At 31 March 2018

157,650

DEPRECIATION

At 1 April 2017

53,657

Charge for year

25,998

At 31 March 2018

79,655

NET BOOK VALUE

At 31 March 2018

77,995

At 31 March 2017

53,993

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

1,266,778

512,511

Other debtors

278,555

473,208

1,545,333

985,719

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Hire purchase contracts

32,762

28,612

Trade creditors

1,244,561

448,027

Taxation and social security

88,517

46,881

Other creditors

52,419

14,110

1,418,259

537,630

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.18

31.3.17

£

£

Hire purchase contracts

63,603

74,963

8.	ULTIMATE CONTROLLING PARTY

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