2022-02-012023-01-312023-01-31false05194402EMBRACEIT LIMITED2023-10-2362090iso4217:GBPxbrli:pure051944022022-02-01051944022023-01-31051944022022-02-012023-01-31051944022021-02-01051944022022-01-31051944022021-02-012022-01-3105194402bus:SmallEntities2022-02-012023-01-3105194402bus:AuditExempt-NoAccountantsReport2022-02-012023-01-3105194402bus:AbridgedAccounts2022-02-012023-01-3105194402bus:PrivateLimitedCompanyLtd2022-02-012023-01-3105194402core:WithinOneYear2023-01-3105194402core:AfterOneYear2023-01-3105194402core:WithinOneYear2022-01-3105194402core:AfterOneYear2022-01-3105194402core:ShareCapital2023-01-3105194402core:SharePremium2023-01-3105194402core:RevaluationReserve2023-01-3105194402core:OtherReservesSubtotal2023-01-3105194402core:RetainedEarningsAccumulatedLosses2023-01-3105194402core:ShareCapital2022-01-3105194402core:SharePremium2022-01-3105194402core:RevaluationReserve2022-01-3105194402core:OtherReservesSubtotal2022-01-3105194402core:RetainedEarningsAccumulatedLosses2022-01-3105194402core:LandBuildings2023-01-3105194402core:PlantMachinery2023-01-3105194402core:Vehicles2023-01-3105194402core:FurnitureFittings2023-01-3105194402core:OfficeEquipment2023-01-3105194402core:NetGoodwill2023-01-3105194402core:IntangibleAssetsOtherThanGoodwill2023-01-3105194402core:ListedExchangeTraded2023-01-3105194402core:UnlistedNon-exchangeTraded2023-01-3105194402core:LandBuildings2022-01-3105194402core:PlantMachinery2022-01-3105194402core:Vehicles2022-01-3105194402core:FurnitureFittings2022-01-3105194402core:OfficeEquipment2022-01-3105194402core:NetGoodwill2022-01-3105194402core:IntangibleAssetsOtherThanGoodwill2022-01-3105194402core:ListedExchangeTraded2022-01-3105194402core:UnlistedNon-exchangeTraded2022-01-3105194402core:LandBuildings2022-02-012023-01-3105194402core:PlantMachinery2022-02-012023-01-3105194402core:Vehicles2022-02-012023-01-3105194402core:FurnitureFittings2022-02-012023-01-3105194402core:OfficeEquipment2022-02-012023-01-3105194402core:NetGoodwill2022-02-012023-01-3105194402core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3105194402core:ListedExchangeTraded2022-02-012023-01-3105194402core:UnlistedNon-exchangeTraded2022-02-012023-01-3105194402core:MoreThanFiveYears2022-02-012023-01-3105194402core:Non-currentFinancialInstruments2023-01-3105194402core:Non-currentFinancialInstruments2022-01-3105194402dpl:CostSales2022-02-012023-01-3105194402dpl:DistributionCosts2022-02-012023-01-3105194402dpl:AdministrativeExpenses2022-02-012023-01-3105194402core:LandBuildings2022-02-012023-01-3105194402core:PlantMachinery2022-02-012023-01-3105194402core:Vehicles2022-02-012023-01-3105194402core:FurnitureFittings2022-02-012023-01-3105194402core:OfficeEquipment2022-02-012023-01-3105194402core:NetGoodwill2022-02-012023-01-3105194402core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3105194402dpl:GroupUndertakings2022-02-012023-01-3105194402dpl:ParticipatingInterests2022-02-012023-01-3105194402dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-012023-01-3105194402core:ListedExchangeTraded2022-02-012023-01-3105194402dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-012023-01-3105194402core:UnlistedNon-exchangeTraded2022-02-012023-01-3105194402dpl:CostSales2021-02-012022-01-3105194402dpl:DistributionCosts2021-02-012022-01-3105194402dpl:AdministrativeExpenses2021-02-012022-01-3105194402core:LandBuildings2021-02-012022-01-3105194402core:PlantMachinery2021-02-012022-01-3105194402core:Vehicles2021-02-012022-01-3105194402core:FurnitureFittings2021-02-012022-01-3105194402core:OfficeEquipment2021-02-012022-01-3105194402core:NetGoodwill2021-02-012022-01-3105194402core:IntangibleAssetsOtherThanGoodwill2021-02-012022-01-3105194402dpl:GroupUndertakings2021-02-012022-01-3105194402dpl:ParticipatingInterests2021-02-012022-01-3105194402dpl:GroupUndertakingscore:ListedExchangeTraded2021-02-012022-01-3105194402core:ListedExchangeTraded2021-02-012022-01-3105194402dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-02-012022-01-3105194402core:UnlistedNon-exchangeTraded2021-02-012022-01-3105194402core:NetGoodwill2023-01-3105194402core:IntangibleAssetsOtherThanGoodwill2023-01-3105194402core:LandBuildings2023-01-3105194402core:PlantMachinery2023-01-3105194402core:Vehicles2023-01-3105194402core:FurnitureFittings2023-01-3105194402core:OfficeEquipment2023-01-3105194402core:AfterOneYear2023-01-3105194402core:WithinOneYear2023-01-3105194402core:ListedExchangeTraded2023-01-3105194402core:UnlistedNon-exchangeTraded2023-01-3105194402core:ShareCapital2023-01-3105194402core:SharePremium2023-01-3105194402core:RevaluationReserve2023-01-3105194402core:OtherReservesSubtotal2023-01-3105194402core:RetainedEarningsAccumulatedLosses2023-01-3105194402core:NetGoodwill2022-01-3105194402core:IntangibleAssetsOtherThanGoodwill2022-01-3105194402core:LandBuildings2022-01-3105194402core:PlantMachinery2022-01-3105194402core:Vehicles2022-01-3105194402core:FurnitureFittings2022-01-3105194402core:OfficeEquipment2022-01-3105194402core:AfterOneYear2022-01-3105194402core:WithinOneYear2022-01-3105194402core:ListedExchangeTraded2022-01-3105194402core:UnlistedNon-exchangeTraded2022-01-3105194402core:ShareCapital2022-01-3105194402core:SharePremium2022-01-3105194402core:RevaluationReserve2022-01-3105194402core:OtherReservesSubtotal2022-01-3105194402core:RetainedEarningsAccumulatedLosses2022-01-3105194402core:NetGoodwill2021-02-0105194402core:IntangibleAssetsOtherThanGoodwill2021-02-0105194402core:LandBuildings2021-02-0105194402core:PlantMachinery2021-02-0105194402core:Vehicles2021-02-0105194402core:FurnitureFittings2021-02-0105194402core:OfficeEquipment2021-02-0105194402core:AfterOneYear2021-02-0105194402core:WithinOneYear2021-02-0105194402core:ListedExchangeTraded2021-02-0105194402core:UnlistedNon-exchangeTraded2021-02-0105194402core:ShareCapital2021-02-0105194402core:SharePremium2021-02-0105194402core:RevaluationReserve2021-02-0105194402core:OtherReservesSubtotal2021-02-0105194402core:RetainedEarningsAccumulatedLosses2021-02-0105194402core:AfterOneYear2022-02-012023-01-3105194402core:WithinOneYear2022-02-012023-01-3105194402core:Non-currentFinancialInstrumentscore:CostValuation2022-02-012023-01-3105194402core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-02-012023-01-3105194402core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-02-012023-01-3105194402core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-02-012023-01-3105194402core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-02-012023-01-3105194402core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-02-012023-01-3105194402core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-02-012023-01-3105194402core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-02-012023-01-3105194402core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-02-012023-01-3105194402core:Non-currentFinancialInstrumentscore:CostValuation2023-01-3105194402core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-01-3105194402core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-01-3105194402core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-01-3105194402core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-01-3105194402core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-01-3105194402core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-01-3105194402core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-01-3105194402core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-01-3105194402core:Non-currentFinancialInstrumentscore:CostValuation2022-01-3105194402core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-01-3105194402core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-01-3105194402core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-01-3105194402core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-01-3105194402core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-01-3105194402core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-01-3105194402core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-01-3105194402core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-01-3105194402bus:Director12022-02-012023-01-31

EMBRACEIT LIMITED

Registered Number
05194402
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2023

EMBRACEIT LIMITED
Company Information
for the year from 1 February 2022 to 31 January 2023

Director

TRISTEM, Benjamin Vivian Curtis

Registered Address

Unit G9 Castle Cavendish Business Centre
Dorking Road
Nottingham
NG7 5PN

Registered Number

05194402 (England and Wales)
EMBRACEIT LIMITED
Balance Sheet as at
31 January 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets573,019199,901
Tangible assets641,05854,314
114,077254,215
Current assets
Debtors232,401408,978
Cash at bank and on hand702,130313,658
934,531722,636
Creditors amounts falling due within one year(345,121)(311,696)
Net current assets (liabilities)589,410410,940
Total assets less current liabilities703,487665,155
Net assets703,487665,155
Capital and reserves
Called up share capital5,0005,000
Profit and loss account698,487660,155
Shareholders' funds703,487665,155
The financial statements were approved and authorised for issue by the Director on 23 October 2023, and are signed on its behalf by:
TRISTEM, Benjamin Vivian Curtis
Director
Registered Company No. 05194402
EMBRACEIT LIMITED
Notes to the Financial Statements
for the year ended 31 January 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Vehicles25
Office Equipment25
Intangible assets policy
Intangible fixed assets are stated at the lower of cost or valuation.
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
4.Employee information

20232022
Average number of employees during the year22
5.Intangible assets

Total

£
Cost or valuation
At 01 February 22199,901
At 31 January 2373,019
Amortisation and impairment
Other movements126,882
Net book value
At 31 January 2373,019
At 31 January 22199,901
6.Property, plant and equipment

Total

£
Cost or valuation
At 01 February 22110,687
Additions317
At 31 January 23111,004
Depreciation and impairment
At 01 February 2256,373
Charge for year13,573
At 31 January 2369,946
Net book value
At 31 January 2341,058
At 31 January 2254,314