1 31/12/2021 2021-12-31 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2021-01-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP NI642676 2021-01-01 2021-12-31 NI642676 2021-12-31 NI642676 2020-01-01 2020-12-31 NI642676 2020-12-31 NI642676 bus:OrdinaryShareClass1 2021-01-01 2021-12-31 NI642676 bus:Director1 2021-01-01 2021-12-31 NI642676 core:WithinOneYear 2021-12-31 NI642676 core:WithinOneYear 2020-12-31 NI642676 core:ShareCapital 2021-12-31 NI642676 core:ShareCapital 2020-12-31 NI642676 core:RetainedEarningsAccumulatedLosses 2021-12-31 NI642676 core:RetainedEarningsAccumulatedLosses 2020-12-31 NI642676 bus:OrdinaryShareClass1 core:ShareCapital 2021-12-31 NI642676 bus:OrdinaryShareClass1 core:ShareCapital 2020-12-31 NI642676 core:CostValuation core:Non-currentFinancialInstruments 2021-12-31 NI642676 core:Non-currentFinancialInstruments 2021-12-31 NI642676 core:Non-currentFinancialInstruments 2020-12-31 NI642676 bus:Director1 2020-12-31 NI642676 bus:Director1 2021-12-31 NI642676 bus:Director1 2019-12-31 NI642676 bus:Director1 2020-12-31 NI642676 bus:Director1 2020-01-01 2020-12-31 NI642676 bus:SmallEntities 2021-01-01 2021-12-31 NI642676 bus:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 NI642676 bus:FullAccounts 2021-01-01 2021-12-31 NI642676 bus:SmallCompaniesRegimeForAccounts 2021-01-01 2021-12-31 NI642676 bus:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31
Company registration number: NI642676
EKME Limited
Unaudited filleted financial statements
31 December 2021
EKME Limited
Contents
Statement of financial position
Notes to the financial statements
EKME Limited
Statement of financial position
31 December 2021
2021 2020
Note £ £ £ £
Fixed assets
Investments 5 63,308 63,308
_______ _______
63,308 63,308
Current assets
Cash at bank and in hand 1,214 4,175
_______ _______
1,214 4,175
Creditors: amounts falling due
within one year 6 ( 42,459) ( 50,700)
_______ _______
Net current liabilities ( 41,245) ( 46,525)
_______ _______
Total assets less current liabilities 22,063 16,783
_______ _______
Net assets 22,063 16,783
_______ _______
Capital and reserves
Called up share capital 7 100 100
Profit and loss account 21,963 16,683
_______ _______
Shareholders funds 22,063 16,783
_______ _______
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 18 August 2022 , and are signed on behalf of the board by:
Ms Elaine Gibson
Director
Company registration number: NI642676
EKME Limited
Notes to the financial statements
Year ended 31 December 2021
1. General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is EKME Limited, 33 - 37 Dock Street, Strabane, Northern Ireland, BT82 8EE.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2020: 1 ).
5. Investments
Other investments other than loans Total
£ £
Cost
At 1 January 2021 and 31 December 2021 63,308 63,308
_______ _______
Impairment
At 1 January 2021 and 31 December 2021 - -
_______ _______
Carrying amount
At 31 December 2021 63,308 63,308
_______ _______
At 31 December 2020 63,308 63,308
_______ _______
6. Creditors: amounts falling due within one year
2021 2020
£ £
Trade creditors 252 -
Corporation tax 1,238 988
Other creditors 40,969 49,712
_______ _______
42,459 50,700
_______ _______
7. Called up share capital
Issued, called up and fully paid
2021 2020
No £ No £
Ordinary shares shares of £ 1.00 each 100 100 100 100
_______ _______ _______ _______
8. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2021
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Ms Elaine Gibson ( 31,791) 3,480 ( 28,311)
_______ _______ _______
2020
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Ms Elaine Gibson ( 31,891) 100 ( 31,791)
_______ _______ _______